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Minister says Turkey’s monetary policy will remain tight ‘for a while’: report

Turkey's monetary policy will remain tight for a while to ensure that inflation falls and remains anchored at lower levels, Reuters reported, quoting Finance...
Business

Turkish exports to Israel rose by 34.8 pct from November to December

Contrary to Ankara’s political rhetoric on the war in the Palestinian enclave of Gaza, Turkish exports to Israel rose by 34.8 percent last month,...
Business

Erdoğan’s son-in-law, drone maker tech officer, paid highest income tax in 2022

Selçuk Bayraktar, chairman of Turkish defense contractor Baykar and the son-in-law of Turkish President Recep Tayyip Erdoğan, paid the highest amount of income tax...
Business

Turkey’s annual inflation nears 65 percent in December

Turkey's annual inflation rate approached 65 percent in December, reaching a new high for 2023 and putting the country on course to meet an...
Business

Ankara, İstanbul top global index with meteoric rise in house prices

Ankara and İstanbul, Turkey's two largest cities, have witnessed the world's fastest house price growth in the past year, according to the Global Residential...
Business

Turkey’s poverty line stood at TL 47,009 in December: labor union

Data released by a major labor union in Turkey on Tuesday showed the poverty line, which refers to the amount a family of four...
Business

Ships delivering oil to Israel disguise their destination when leaving Turkey: journalist

Ships delivering oil to Israel do not declare their destination as such when they leave Turkish ports, according to an investigative journalist citing online...
Business

Turkey raises monthly minimum wage by 49 percent for 2024: report

Turkey's monthly minimum wage will be 17,002 Turkish lira ($578.31) in 2024, Labor Minister Vedat Işıkhan said on Wednesday, marking a 49 percent increase...
Business

Goldman Sachs stands out with forecast Turkish interest rates have peaked: report

Goldman Sachs expects Thursday’s rate hike in Turkey to be the last in the current tightening cycle, setting it apart from other banks that...
Business

Inflation-driven IPO rise in Turkey shows signs of fatigue: report

The recent surge in Turkish investment in initial public offerings (IPOs), which has gained popularity in recent years due to high inflation, is starting...
Business

Turkey’s central bank delivers smaller rate hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signaling it is nearing the end of its monetary...
Business

WTO panel rules against Turkey in metals duties dispute with US: report

A World Trade Organization dispute panel ruled on Tuesday that Turkey should repeal additional duties imposed on the United States in retaliation for U.S....
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