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TÜSİAD calls on gov’t to end state of emergency

The Turkish Industrialists and Businessmen’s Association (TÜSİAD) on Thursday urged the Justice and Development Party (AKP) government to end a state of emergency (OHAL)...
Business

Lira hits record low as MHP, AKP agree on constitutional amendment

The Turkish lira fell to another historic low against the US dollar, declining from around 3.43 to more than 3.50 lira to the dollar...
Business

Gov’t appoints trustees to 57 companies in İzmir

The İzmir Governor's Office announced on Wednesday that trustees have been appointed to 57 companies in İzmir as part of an ongoing witch-hunt against...
Business

German-owned subsidiary in Turkey victim of gov’t purge as local partner seized

ECE Türkiye, a subsidiary of the Hamburg-based ECE, owned by the Otto family, was forced to cancel a management contract for a Turkish shopping...
Business

Turkey sees 31 percent fall in foreign tourist arrivals in 2016

A total of 22.7 million foreign tourists came to Turkey in the first 10 months of 2016, compared to 36.2 million visiting the country...
Business

12 more private companies seized in small Turkish town of Turgutlu

The state-run Savings Deposit Insurance Fund (TMSF) seized 12 more companies in the small town of Turgutlu in western Manisa province on Monday, bringing...
Business

Turkey’s economy minister: I want no more states of emergency

Turkish Economy Minister Nihat Zeybekçi said on Thursday that he does not want another extension of a state of emergency that was declared following...
Business

Lira hits new record low as EP votes to freeze Turkey talks

  The Turkish lira fell to another historic low against the US dollar, declining from around 3.36 to 3.4533 after European parliamentarians overwhelmingly voted to...
Business

Erdoğan complains about high interest rates on eve of central bank meeting

Turkish President Recep Tayyip Erdoğan said on Wednesday that Turkey's real interest rate is among the highest in the world and that it needs...
Business

CHP’s Böke: Turkey on brink of economic crisis deeper than 1994, 2001

Republican People's Party (CHP) Deputy Chairman and spokesperson Selin Sayek Böke warned on Monday that Turkey's economy is on the brink of a real...
Business

Turkish minister calls on people to sell their foreign currency

Turkish Minister of Development Lütfi Elvan called on people on Sunday not to invest in foreign currency but to sell it off as the...
Business

Turkish lira hits fresh low against US dollar

The Turkish lira reach a record low against the US dollar on Friday, at 3.40 lira to the dollar, a continuation of steep acceleration...
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