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Turkey revokes experience requirement for central bank deputy governor: report

Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that banks set aside 20...
Business

Turkish unemployment eased to 12.8 pct in April despite pandemic

Turkey's unemployment rate fell to 12.8 percent in April from 13.2 percent a month earlier, according to data released on Friday which analysts have...
Business

Turkey’s central bank tells investors inflation will dip soon: report

Turkey’s central bank said on a conference call on Thursday that inflation, while up a bit in recent months due to the pandemic, will...
Business

Despite pandemic Turkey’s airports served 36.5 million people in first 6 months

A total of 36.5 million passengers used Turkey’s airports in the first six months of the year amid the COVID-19 pandemic, the Xinhua news...
Business

Turkey bans 6 foreign lenders from betting against local stocks: report

Turkey has banned six international banks from betting against its stock market in the latest in a series of moves against foreign investors engaged...
Business

Turkish lira lowest since mid-May after jump in inflation: report

Turkey’s lira slipped to its weakest since mid-May late on Friday after Fitch said the country still faces external financing risks and that its...
Business

Turkey’s inflation jumped to 12.62 percent in June: report

Turkish inflation climbed more than expected to 12.62 percent year-on-year in June, official data showed on Friday, drifting further away from the central bank's...
Business

Turkey’s manufacturing activity rebounds after coronavirus restrictions eased

Turkish manufacturing activity expanded in June for the first time since February, as restrictions to curb the spread of the coronavirus were eased, a...
Business

Turkey’s competition authority launches investigation into Volkswagen

Turkey's Competition Authority has launched an investigation into German automotive giant Volkswagen group's brands -- Volkswagen, Audi, Porsche, Mercedes-Benz and BMW – according to...
Business

Volkswagen cancels plan for new factory in Turkey due to coronavirus

German automaker Volkswagen said Wednesday it is halting plans for a new factory in Turkey, saying that the steep drop in demand for cars...
Business

Turkey’s foreign deficit grew by 102.7 pct year-on-year in May: report

Turkey's foreign trade deficit surged 102.7 percent year-on-year in May to $3.42 billion according to the general trade system, data from the Turkish Statistical...
Business

Fitch lowers Turkey’s economic growth forecast for second time in 2 months: report

Fitch lowered its economic growth forecast for Turkey for the second time in two months, citing the collapse in the tourism industry, the Ahval...
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