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Turkey’s Halkbank urges dismissal of US indictment in Iran sanctions case: report

Halkbank on Monday urged a US judge to dismiss an indictment accusing the Turkish lender of helping Iran evade US sanctions, saying it was...
Business

Turkish ban on layoffs keeps lid on jobless but labor participation languishes: report

Turkey’s labor participation rate languished at 47.6 percent in May as a coronavirus lockdown weighed, while a ban on layoffs saw the unemployment rate...
Business

Turkey’s Erdoğan expects interest rates to fall further: report

Turkish President Recep Tayyip Erdoğan said on Monday he hopes market interest rates will fall further in order to make investments in the country...
Business

Turkish Airlines says travelers to Germany will be required to take COVID tests

Turkey's national flag carrier Turkish Airlines (THY) announced on Friday that all passengers traveling from Turkey to Germany will be required to take COVID-19...
Business

Turkey mounts new defense of lira as locals snap up dollars: report

Turkey’s central bank squeezed some credit channels and signaled on Friday it would do more backdoor policy tightening to arrest a record drop in...
Business

Erdoğan says Turkish lira volatility is temporary: report

Turkish President Recep Tayyip Erdoğan said on Friday that exchange rates and gold prices will settle at their right levels and that volatility is...
Business

Rating agencies warn Turkey it may need to hike rates: report

Ratings agencies warned Turkey on Friday that it will likely have to hike interest rates sooner or later as it runs out of options...
Business

Turkish lira hits another historic low amid pandemic: report

Turkey's currency tumbled further Friday, hitting another record low, according to The Associated Press. The Turkish lira dropped to 7.3677 against the dollar before making...
Business

Turkey’s lira slides to record low despite central bank efforts: report

The Turkish lira tumbled to a record low on Thursday, despite efforts by the central bank to reassure investors that the country’s economy is...
Business

Turkey’s tumbling lira tests Erdoğan’s rate resolve: report

Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdoğan hired him to lift Turkey out of...
Business

Turkey’s car sales surge more than 380 percent in July after lockdown

Sales of passenger cars and light commercial vehicles in Turkey surged 387.5 percent year-on-year in July, the Automotive Distributors Association said on Wednesday, reflecting...
Business

Germany lifts travel warnings for 4 provinces in Turkey’s southwest

Germany lifted a warning against travelling to four Turkish seaside provinces with low coronavirus infection rates as part of a deal to help revive...
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