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Turkey’s opposition targets pro-gov’t businesses with boycott

Turkey's main opposition leader on Monday called for a nationwide boycott of businesses and media outlets linked to the ruling party to protest the...
Business

Turkey’s Şimşek, central bank governor to hold call with int’l investors: report

Turkish Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan will hold a teleconference call with international investors on Tuesday, the Treasury said,...
Business

Turkey’s fragile economy braces for fallout from İstanbul mayor’s arrest

The arrest of İstanbul Mayor Ekrem İmamoğlu, President Recep Tayyip Erdoğan’s top political rival, has rattled markets and raised fears that political turmoil could...
Business

United States importing eggs from Korea, Turkey to help ease prices

The United States is importing Turkish and South Korean eggs to ease an avian flu-fueled supply crunch that has pushed up prices across the...
Business

Turkey granted US sanctions waiver extension for Russian gas payments: report

Turkey received a three-month extension from the US for a sanctions waiver allowing payments to Russia’s Gazprombank for natural gas imports, a Turkish official...
Business

Turkey raises overnight lending rate to boost lira after currency drop: report

Turkey’s central bank unexpectedly raised its overnight lending rate by two percentage points on Thursday to bolster the lira after the currency sharply declined...
Business

Turkey’s central bank sells record amount of FX after lira plunges: report

Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more than 12 percent following the detention of...
Business

Turkish lira hits historic low against dollar as İstanbul mayor detained

The Turkish lira plunged to an all-time low against the dollar on Wednesday, after police raided the home of İstanbul's powerful opposition mayor, Ekrem...
Business

Tesla leads Turkey’s EV market while experiencing European slump

Tesla topped Turkey's electric vehicle (EV) market in February with the sale of more than 3,000 units, according to the Automotive Distributors Association (ODMD),...
Business

Turkey seeks to extend US sanctions waiver to buy Russian gas: report

Turkey is seeking to extend a US waiver from sanctions that would allow it to continue buying Russian natural gas, Turkish officials with knowledge...
Business

Turkey’s Zorlu Holding is selling its stake in Israeli power plant

Zorlu Enerji, a subsidiary of Turkish conglomerate Zorlu Holding, is selling its entire 25 percent stake in Israel's Dorad Energy with an aim to...
Business

Turkey’s central bank cuts key interest rate to 42.5 percent as inflation eases

Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation has fallen below 40 percent for the...
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