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New bill in Turkish Parliament stipulates 10 pct tax on crypto gains

Turkey’s ruling Justice and Development Party (AKP) has submitted a bill to parliament that would impose a 10 percent withholding tax on income and...
Business

Turkey’s inflation rose slightly to 31.5 percent in February

Turkey's annual inflation rate rose slightly in February to 31.5 percent, up from 30.7 percent in January after several consecutive months of decline, official...
Business

Turkey mulls reviving fuel tax adjustment system as oil prices climb on Iran war: report

Turkey is evaluating whether to reintroduce a fuel tax adjustment system designed to shield consumers from rising energy costs as crude prices climb amid...
Business

Turkey’s economy grows 3.6 percent in 2025, fourth quarter expansion slows

Turkey’s economy expanded by 3.6 percent in 2025, official data showed on Monday, with growth easing in the final quarter as tight monetary policy...
Business

Soaring gold wealth boosts spending in Turkey, complicates inflation fight: report

Record global gold prices increased the value of gold holdings in Turkey by about $300 billion over the past year, strengthening household spending and...
Business

Turkey’s trade deficit increased by 11.6 percent in January

Turkey’s foreign trade deficit grew by 11.6 percent in January as exports fell and imports edged up, extending a sharp deterioration seen in 2025,...
Business

China erodes Turkey’s EU market share in nearly half of export categories, banking report finds

Turkey lost market share to China in 44 of 97 product categories exported to the European Union over the past year, according to an...
Business

New company registrations in Turkey down 13 pct as monetary policy weighs on business climate

The number of new companies established in Turkey fell 13.1 percent in January compared to December, dropping to 11,115 as high interest rates and...
Business

British Steel signs major rail contract with Turkey

British Steel, a leading European steel manufacturer with facilities across the UK and Europe, has signed a contract to supply 36,000 tons of rail...
Business

Turkey’s TPAO joins Shell in Black Sea exploration project off Bulgaria

Turkey’s state-run oil company, Turkish Petroleum Corp (TPAO), has joined UK oil giant Shell in an offshore exploration project in Bulgaria’s Black Sea waters,...
Business

Turkey, Ethiopia ink energy deal during Erdoğan’s visit to Addis Ababa

Turkey and Ethiopia signed a memorandum of understanding on energy cooperation during President Recep Tayyip Erdogan’s visit to Addis Ababa, Turkish Energy and Natural...
Business

Iraq-UAE consortium plans $700 mln data cable to Turkey amid regional tech race: report

An Iraqi-Emirati consortium is planning to build a $700 million subsea and overland data cable linking the United Arab Emirates to Turkey via Iraq,...
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