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Turkish manufacturing contracts slightly in July: report

Turkish factory activity dipped slightly in July after growing for six straight months as expansion in new orders and output came to an end...
Business

Erdoğan appoints 3 new deputy central bank governors: report

Turkish President Recep Tayyip Erdoğan made some of the biggest moves in revamping his economic team by installing three new central bankers that include...
Business

Turkey’s central bank raises its year-end inflation forecast to 58 percent

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep...
Business

Turkey tops OECD list in concerns over affording essentials

A recent OECD report has placed Turkey at the top of the global list in terms of concerns surrounding the capacity to afford all...
Business

Switzerland’s gold exports to Turkey rose by 39 pct after May elections

Switzerland's gold exports to Turkey increased by 39 percent in June, compared to the previous month, reaching 13.13 tons of the precious metal, local...
Business

UK announces $866m for new high-speed electric railway in southern Turkey

UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten $866 million of financing – equivalent to £680 million – to support...
Business

Turkey hikes interest rates but disappoints markets

Turkey's central bank hiked its main interest rate for the second month in a row on Thursday but analysts said the unwinding of President...
Business

Erdoğan signs $50 billion in deals during UAE visit: report

The United Arab Emirates and Turkey on Wednesday signed several deals estimated to be worth $50.7 billion during a visit by President Recep Tayyip...
Business

UK to launch trade negotiations with Turkey to ‘deepen relationship’: report

The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, British online newspaper...
Business

Turkish lira hits record low ahead of rate decision: report

The Turkish lira weakened more than 2 percent to a fresh record low against the dollar on Tuesday over market concerns that the central...
Business

Saudi Arabia signs deal with Turkey to buy Baykar drones

A Turkish firm will provide drones to Saudi Arabia, Riyadh said Tuesday following a visit by Turkey's President Recep Tayyip Erdoğan that aims to attract...
Business

Finance minister asks public agencies to adhere to cost-saving measures

Finance Minister Mehmet Şimşek said in a circular sent to all public agencies that they should re-evaluate all expenditures, except for earthquake-related expenses, adding...
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