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World Bank approves $512.2 mln in financing for Turkey housing and infrastructure

The World Bank approved $512.2 million in financing for Turkey to expand access to housing and infrastructure that is resilient to climate and natural...
Business

Turkey bows to US pressure, cuts Russian bank ties

Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian payments...
Business

Turkey cuts interest rate for second month despite soaring inflation

Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 percent...
Business

Swiss gold exports to China slow but shipments to Turkey surge

Swiss exports of gold to China fell in August from July's 5-1/2-year high, while shipments to Turkey rose to their highest level since June...
Business

2 Turkish banks suspend Russian Mir payments after US sanctions: report

Turkish lenders İşbank and Denizbank have suspended use of Russian payment system Mir, the banks said on Monday, following a US crackdown on those...
Business

Minister presents Turkey’s economic model as source of mystery $24.4 billion

The source for mystery capital flows into Turkey that have recently been brought to public attention by prominent international publications is the country’s economic...
Business

Turkey ends probe into mobility app Martı after company makes commitments

Turkey's competition board said on Tuesday it had terminated its investigation into mobility app Martı, launched over allegations that it abused its dominant market...
Business

Official data show Turkey’s unemployment rate dropping, opposition MP disputes figures

The unemployment rate in Turkey fell by 1.4 percentage points year on year to 10.1 percent in July and by 0.3 points in comparison...
Business

Turkey’s inflation hits new 24-year high at 80.2 percent

Turkey's annual inflation climbed to a fresh 24-year high of 80.21 percent in August, a bit below expectations according to official data, after the...
Business

Turks welcome autumn with 20 pct hike in utility prices amid economic crisis

Turks have started autumn with news of yet another increase in natural gas and electricity prices, fueled by a currency crisis amid the highest...
Business

Turkish factory activity contracts for sixth straight month in August: report

Activity in the Turkish manufacturing sector shrank for the sixth month running in August as demand contracted sharply, leading to a slowdown in output,...
Business

Turkey’s economy grew 7.6 percent in Q2 driven by domestic demand, exports

Turkey's economy grew 7.6 percent year-on-year in the second quarter as expected, extending a hot streak on strong domestic demand and exports, according to...
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