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Turkey’s central bank announces plans to increase share of lira deposits in banking system

Turkey's central bank has announced plans to increase the share of lira deposits in the country's banking system to 60 percent over the next...
Business

Erdoğan eliminates retirement age requirement for millions of Turks ahead of election

Turkish President Recep Tayyip Erdoğan announced on Wednesday that he has eliminated the retirement age requirement for more than 2 million workers, Reuters reported. The...
Business

Turkey’s inflation to fall to 66.8 pct in December, reach only 43.2 pct by end-2023: poll

Turkey's annual inflation rate is expected to drop to 66.8 percent in December due to a favorable base effect, but only fall to 43.2...
Business

Turkish opposition parties, labor unions dissatisfied with minimum wage increase

Turkey’s opposition parties and representatives from labor unions have expressed dissatisfaction with a 55 percent increase in the country’s minimum wage for 2023, saying...
Business

Turkey raises monthly minimum wage by 55 percent to fight inflation

Turkish President Recep Tayyip Erdoğan on Thursday announced the third major minimum wage hike in a year to try and combat a historic jump...
Business

Turkey extends FX-protected lira deposit scheme for a year

Turkey extended by a year a scheme it adopted in the throes of a 2021 currency crisis that protects lira deposits from depreciation against...
Business

Turkey’s unemployment rate rises ahead of tight election for Erdoğan

Turkey's unemployment rate edged up to 10.2 percent in October, data showed on Monday, posing a potential challenge to President Recep Tayyip Erdoğan's re-election...
Business

Turkish grocery app Getir acquires German rival Gorillas

Turkey's grocery app Getir said Friday it had acquired its German rival Gorillas as the online food delivery market consolidates following a boom during...
Business

Saudi Arabia will soon make $5 billion deposit with Turkey: Saudi finance minister

Saudi Arabia will place a $5 billion deposit at Turkey's central bank "within days," Reuters reported, citing the kingdom's finance minister, Mohammed al-Jadaan, on...
Business

Oil tanker jam forms off Turkey after start of Russian oil cap: report

A traffic jam of oil tankers has built up in Turkish waters after Western powers launched a “price cap” targeting Russian oil and as...
Business

Israel sends large trade delegation to Turkey as ties warm: report

A large Israeli trade delegation was scheduled to arrive in Turkey on Monday to meet with exporters as the Middle East nations repair ties,...
Business

Turkey’s main opposition party unveils its economic program amid financial woes

 Turkey’s main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu unveiled his party’s new economic program over the weekend, introducing members of the CHP...
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