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Bounced checks are on the rise in Turkey

The Turkish economy is grappling with a severe liquidity crunch, as evidenced by an unprecedented rise in the number of checks that were not...
Business

Turkish home sales drop 14.3 percent in first 10 months of 2023

Home sales in Turkey fell by 14.3 percent from January to October year-on-year, according to official data published on Thursday. The Turkish Statistical Institute (TurkStat)...
Business

Turkey’s central bank says its policy has government’s full support: report

Turkey’s central bank has pledged not to deviate from its current policy mix to curb runaway inflation, hinting that President Recep Tayyip Erdoğan's government...
Business

Vitol buys BP’s Turkish gas stations: report

Vitol’s Petrol Ofisi has agreed to buy BP Plc’s gas station operations in Turkey, Bloomberg reported on Thursday. Vitol, the world’s biggest independent oil trader,...
Business

Turkey runs $3.4 bln budget deficit in October: report

The Turkish government's budget showed a deficit of 95.5 billion Turkish liras ($3.4 billion) in October, the state-run Anadolu news agency reported, citing official...
Business

Turkey’s crypto rules to regulate licenses and taxes after boom: report

Turkey's new rules to regulate the crypto market will likely focus on licensing and taxation, sector officials told Reuters, as the world's fourth-largest crypto...
Business

Turkey starts talks with Airbus to buy 355 jets

Turkish Airlines, the country's flag carrier, confirmed Monday that it was in talks with Airbus to buy up to 355 jets in a huge...
Business

Turkey’s exports to Israel continue despite anti-Israeli rhetoric

Data from the Turkish Statistical Institute (TurkStat) and the Turkish Exporters Assembly (TİM) show that Turkey’s exports to Israel are continuing despite growing anti-Israel...
Business

Dutch companies allegedly circumvent Russia sanctions via Turkey: report

Dutch companies, whose exports to Turkey have recently surged, are suspected of circumventing European sanctions against Russia due to its war on Ukraine by...
Business

Majority of Turks think economy will get worse in 2024: survey

A majority of Turks believe the economy will get worse in 2024, the T24 news website reported on Monday, citing a recent survey published...
Business

Turkey’s inflation rate holds near 61 percent

Turkey's annual inflation rate held steady near 61 percent last month, official data showed on Friday, highlighting government efforts to ease a historic cost...
Business

Turkey’s central bank raises year-end inflation forecasts for 2023, 2024

Turkey’s central bank on Thursday raised its inflation forecasts for the end of 2023 and 2024, with a peak expected next May as high...
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