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Turkey’s central bank governor resigns, citing ‘character assassination’ campaign against her

Turkish Central Bank Governor Hafize Gaye Erkan, the first woman to hold that position in Turkey, has announced her resignation, citing an ongoing “character...
Business

Turks see high cost of living as country’s primary concern: survey

An overwhelming majority of Turks see the high cost of living as the country’s most pressing issue, according to the results of a recent...
Business

Turkey’s tourism revenue surged in 2023, reaching $54.3 billion: TurkStat

Turkey's tourism revenue skyrocketed in 2023, reaching a record high of $54.3 billion with an increase of 17 percent over the previous year, according...
Business

Turkey’s income distribution gap widened in 2023

The portion of total income going to the wealthiest 20 percent of the population in Turkey increased to 49.8 percent, local media reported on...
Business

Turkey’s central bank lifts key interest rate one last time to 45 percent

Turkey's central bank on Thursday delivered what it said was the final interest rate hike of a historic tightening cycle that more than quintupled...
Business

ErdoÄŸan to take economic measures against Israel over Hamas war: report

Turkish President Recep Tayyip ErdoÄŸan is considering imposing economic sanctions on Israel due to its ongoing attacks on Gaza, which have claimed the lives...
Business

ErdoÄŸan again disappoints retirees with low pension increase

Turkish President Recep Tayyip ErdoÄŸan has once again let down retirees and attracted widespread criticism for a pension increase that fell significantly below expectations,...
Business

Minister announces measures to tackle tax evasion by social media influencers

Turkish Finance Minister Mehmet ÅžimÅŸek has announced tax audits for 250,000 people, including social media influencers, with the goal of preventing tax evasion and...
Business

Turkish competition board to fine Meta Platforms $160,000 a day

Turkey's competition authority said on Wednesday that it had decided to fine Facebook parent Meta Platforms Inc 4.8 million lira ($160,000) a day for...
Business

Turkey’s unemployment rate rose slightly to 9 percent in November: TurkStat

The unemployment rate in Turkey increased 0.4 percentage points month-on-month to 9 percent in November, which ended a five-month-long downward trend, according to data...
Business

Minister ÅžimÅŸek not to attend event with US investors in person due to busy schedule

Turkish Finance Minister Mehmet ÅžimÅŸek, who was to travel to New York this week with Central Bank Governor Hafize Gaye Erkan to hold an...
Business

Turkey’s highest taxpayers would have preferred anonymity, fearing seizure of assets

Leader of the opposition Democracy and Progress Party (DEVA) Ali Babacan has said some businesspeople on a list of the top taxpayers in Turkey...
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