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Turkey’s central bank raises year-end inflation forecast

Turkey's central bank on Friday increased its year-end inflation forecast to 24 percent from 21 percent, Agence France-Presse reported. Turkey has experienced double-digit inflation since...
Business

Turkey’s inflation slows to 42.1 percent in January

Annual inflation in Turkey slowed in January for the eighth consecutive month, Agence France-Presse reported on Monday, citing official figures. Consumer prices rose by 42.1...
Business

Turkey seeks $6 billion weapons deal with Saudi Arabia: report

The Turkish government is hoping to reach a $6 billion defense deal with Saudi Arabia that could see the kingdom buy warships, tanks and...
Business

New Syrian administration eases tariffs on 269 imports from Turkey: minister

The interim Syrian government has decided to lower tariffs on 269 imports from Turkey amid outrage over its recent decision to standardize tariffs, which...
Business

Syrian tariff hikes prompt Turkish exporters to reroute their goods via Iraqi border

The interim Syrian government’s recent decision to standardize tariffs, which resulted in a significant increase in duty on imports from Turkey, has forced Turkish...
Business

Turkish central bank cuts benchmark interest rate to 45 percent

Turkey's central bank on Thursday lowered its key interest rate to 45 percent after inflation weakened further last month, though it said prices could...
Business

Turkey’s home sales rose more than 20 percent last year: report

Home sales in Turkey climbed 20.6 percent in 2024 compared to a year ago, even as sales to foreigners tumbled 32.1 percent, Reuters reported,...
Business

Turkey eyes major investment in Libyan offshore oil

The Turkish Petroleum Corporation is prepared to invest billions of dollars in developing offshore oilfields in Libya, the state-owned company’s director general said at...
Business

Turkey seeks free trade deal with Syria amid criticism over skyrocketing import tariffs

Turkey’s Trade Ministry said on Friday that the country is pursuing a free trade agreement with Syria amid mounting criticism over the Syrian government’s...
Business

Billions in illicit funds flow into Turkey due to corruption and lax oversight, experts warn

Turkey has become a key hub for money laundering due to deep-seated corruption, repeated amnesty programs and weak enforcement of financial regulations, allowing billions...
Business

China may invest $60 billion in Turkish railways to bypass Russia: report

China is considering a $60 billion investment in Turkey’s rail network to create a faster freight route to Europe and to avoid Russia, according...
Business

Syrian tariffs on imports from Turkey skyrocket, triggering protests

The Syrian government’s decision to standardize tariffs has led to a drastic increase in duty on imports from Turkey, sparking protests in northern Syria amid...
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