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Turkey confiscates more than 200 companies in operations targeting Gülen

The government-run Savings Deposit Insurance Fund (TMSF) has in the recent past taken over more than 200 companies as part of investigations into the...
Business

Erdoğan says Moody’s can easily be bribed

President Recep Tayyip Erdoğan continued to criticize a recent decision by US-based credit rating agency Moody’s to cut Turkey’s sovereign credit rating to non-investment...
Business

Turkish tourism figures down by 38 percent in August

Number of foreigners who visited Turkey in August dropped by 37.96 percent in August compared to the numbers in the same month of last...
Business

Turkish gov’t seizes administration of 22 companies on coup charges

Trustees were on Tuesday appointed to 22 companies due to alleged ties to the Gülen movement, which the government accuses of masterminding a botched...
Business

Gov’t seals private airline’s hangars at İstanbul, Adana airports

The Turkish authorities sealed the hangars and aircraft of Tarkim Air at İstanbul Atatürk Airport and Adana Airport over the owner’s alleged ties to...
Business

Ankara rebuffs Moody’s move cutting Turkey to ‘junk’ status

  Ankara reacted strongly against Moody’s decision on Friday to cut Turkey’s sovereign debt rating to non-investment grade. "Moody’s decision to decrease Turkey’s rating does not...
Business

Moody’s downgrades Turkey’s sovereign credit rating to ‘junk’ status

Global credit rating agency Moody’s has downgraded Turkey’s sovereign credit rating by one notch to “junk” status. “Moody's Investors Service has today downgraded the Government of Turkey's long-term...
Business

Court appoints trustees to Dumankaya Holding over Gülen links

An İstanbul Court on Friday appointed trustees to the administration of Dumankaya Holding over links with the Gülen movement and US-based Turkish Islamic scholar...
Business

Arrest warrant issued for another famous Turkish baklava maker

An İstanbul court on Monday issued an arrest warrant on charges of membership in a terrorist organization for famous baklava seller Nejat Güllü after...
Business

Unemployment rate rises to 10.2 percent in Turkey

  Turkey’s unemployment rate rose to 10.2 percent in June, a return to double digits with an increase of 0.8 percent compared to May, the...
Business

Threats to subscribers force Zaman Germany to cease publishing

The Turkish-language Zaman newspaper has decided to halt its operations in Germany after its readers received threats over their subscriptions to the paper, Deutsche...
Business

Turkey appoints trustees to another 17 companies over alleged Gülen ties

Trustees were appointed to 17 companies on Thursday due to their alleged ties to the Gulen movement, which the government accuses of masterminding a...
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