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Qatar’s QTerminals finalizes purchase of Turkish port operator

Port Akdeniz, which owns and operates Port Akdeniz-Antalya, has been sold to Qatari-based QTerminals for $140 million, Turkish media reported on Tuesday. Port Akdeniz was...

Turkey to replace official cars after VW cancels factory plans in country

The Turkish Presidency has ordered ministries to replace Volkswagens used as official cars due to the German automaker’s recent decision to abandon plans to...

IMF sees Turkey growing at 6 percent in 2021: report

Turkey’s economy will grow by about 6 percent in 2021, before settling back to a growth rate of about 3.5 percent annually from 2022,...

Most people in Turkey are in debt amid COVID-19 pandemic, survey reveals

A recent report drafted by the Public Services Employees Union of Turkey (Genel-Ä°ÅŸ), affiliated with the Confederation of Progressive Trade Unions (DÄ°SK), on the...

Turkey’s state-owned enterprises lost $1.8 billion in 2019: report

Turkey’s state-owned enterprises suffered a loss of TL 13.7 billion ($1.85 billion) in 2019, a 24 percent increase over 2018, according to an audit...

Turkey’s central bank keeps main interest rate at 17 percent

Turkey's central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive hikes aimed at slowing down inflation and...

The real portrait of Turkey’s economy

Turkey’s financial troubles have increased since the country was hit by the COVID-19 pandemic. Contrary to government declarations, a sudden surge in the number...

Turkey’s Energy Ministry has overseas companies in tax havens: report

The Directorate for Strategy Development of Turkey’s Ministry of Energy and Natural Resources has revealed in a written answer to a parliamentary question that...

Turkey sees surge in current account deficit, fall in employment levels: report

Turkey’s current account deficit leapt to $4.06 billion in November, central bank data showed on Monday, exceeding a poll forecast of $3.7 billion as...

Erdoğan’s earns 31 times more than a minimum wage worker

Turkish President and Justice and Development Party (AKP) leader Recep Tayyip ErdoÄŸan has an annual salary 31 times higher than that of a minimum...

Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on Monday, keeping pressure on...

Turkey sets lowest minimum wage in 11 years for its workers in 2021

Turkey's labor minister on Monday announced the net minimum wage for 2021 at TL 2,826 ($377), the lowest figure in in US dollars for...

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