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Turkish manufacturing shows some signs of recovery in November: survey

Turkish factory activity contracted for the eighth month in a row in November with output and new orders moderating, although the sector showed signs...
Business

Turkey’s limit on monthly gold imports fuels smuggling, cripples jewelry workshops

A strict quota on gold imports aimed at reducing Turkey’s trade deficit has triggered a surge in gold smuggling and severely impacted the jewelry...
Business

Turkey in talks with US, Russia for sanctions waiver on energy imports: report

Turkey is in talks with the United States and Russia in an attempt to secure a US sanctions waiver so it can continue paying...
Business

Erdoğan seeks to increase trade with Russia

Turkish President Recep Tayyip Erdoğan said during a telephone call on Sunday with Russian counterpart Vladimir Putin that he wants to expand trade between...
Business

Turkish authorities investigate Mastercard, Visa over alleged anticompetitive practices

The Turkish Competition Board announced on Monday the launch of an investigation into global payment giants Mastercard and Visa over allegations of anti-competitive practices...
Business

Turkey’s central bank again leaves key interest rate unchanged at 50 percent

Turkey’s central bank on Thursday kept its key interest rate unchanged for the eighth month in a row, with annual inflation announced at slightly...
Business

Turkey fines Twitch 2 million lira for data breach

Turkey's Personal Data Protection Board (KVKK) has fined Amazon.com's gaming platform Twitch 2 million lira ($58,000) over a data breach, the state-run Anadolu news...
Business

Turkey’s shift to presidential system may be cause of economic downturn

Turkey’s 2018 shift to a presidential system, approved in a 2017 referendum, may be the primary driver of the country’s economic troubles, according to...
Business

Turkey’s central bank raises inflation forecast to 44 percent

Turkey's central bank on Friday raised its inflation forecast for this year and the next, as consumer price increases have slowed less than expected...
Business

Total reserves of Turkey’s central bank hit new record high

The total reserves of Turkey’s central bank rose to a record high of $159.6 billion as of November 1, marking an increase of $221...
Business

Turkey hopes for lower US tariffs under Trump, lira rallies: report

Turkey expects Donald Trump's White House will lower tariffs on its steel and textile exports, the trade minister said on Thursday, as the lira...
Business

Turkish inflation inches down to 48.6 percent in October: TurkStat

Turkey's annual inflation rate fell less than expected to 48.6 percent in October, data from the Turkish Statistical Institute (TurkStat) showed Monday, as officials...
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