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Turkey’s banking watchdog imposes penalties on 16 financial institutions

Turkey’s banking regulator has imposed penalties totaling 2.1 million Turkish lira ($306,000) on 16 non-bank financial institutions for violating regulations, the SeeNews website reported,...
Business

Turkey’s economic confidence continues improving in June: report

Turkey's economic confidence index rebounded 19.1 percent month-on-month in June to 73.5 points, Turkish Statistical Institute data showed on Monday, a second month of...
Business

Turkey to extend coronavirus wage support for 1 more month: Erdoğan

Turkey will extend a wage support system for one month to continue offsetting fallout from the coronavirus pandemic and related lockdowns, President Recep Tayyip...
Business

Azerbaijan planning to buy Turkish-made drones: report

Azerbaijan is planning to acquire scores of Turkish-made armed drones, the Azeri defense minister has said, according to the DefenseNews website. “Efforts in this direction...
Business

Turkish central bank unexpectedly halts interest rate easing cycle: report

Turkey’s central bank unexpectedly halted a nearly year-long easing cycle on Thursday by keeping its key interest rate unchanged at 8.25 percent and citing...
Business

Global index provider warns Turkey could be demoted to ‘frontier market’ status: report

Turkey could be demoted to the status of “frontier” market by one of the world’s most important index providers, after a series of measures...
Business

Coronavirus outbreak has cost İstanbul some $730 million, mayor says: report

The coronavirus outbreak has cost Turkey’s largest city, İstanbul, more than 5 billion Turkish lira ($730 million), according to Mayor Ekrem İmamoğlu, the Hürriyet...
Business

Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry

Turkey's central government debt totaled 1.63 trillion lira ($238 billion) at the end of May, up 34 percent year-on-year, the finance ministry said, the...
Business

Turkey’s consumer confidence stays in pessimistic territory in June: report

Turkey's consumer confidence index edged up to 62.6 points in June from 59.5 the previous month, remaining deep in pessimistic territory, data from the...
Business

Turkey’s troubled tourism sector faces critical week as borders reopen: report

Turkey's Mediterranean coasts and historic attractions face a critical week as the government presses to open borders and salvage at least part of a...
Business

Turkish companies start using yuan funding after Chinese swap deal: report

Turkey's central bank said Turkish companies last week used Chinese yuan funding for the first time under a swap agreement signed with the People’s...
Business

Swedish phone company in talks to sell Turkcell stakes to Turkey’s Wealth Fund: report

Telia Co., the former Swedish phone monopoly, on Tuesday said it is in advanced talks to sell its stake in Turkey’s largest mobile-phone operator...
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