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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...

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...

Turkey could emerge stronger from coronavirus crisis, EBRD president says

Turkey could emerge stronger from the coronavirus crisis, President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti told members of Turkey’s...

With economy reopening, Turkey to halt worker pay system: report

Turkey, which reopened its economy this month after a coronavirus-related lockdown, will deactivate a temporary pay system used over the past three months to...

Turkey’s ruling AKP passes competition law, sparking criticism from opposition parties: report

Turkey’s parliament on Tuesday passed a law that includes giving wider powers to the Competition Authority, a change criticized by opposition parties for not...

Turkey posts $2.53 billion budget deficit in May: report

Turkey's central government budget posted a deficit of 17.3 billion lira ($2.53 billion) in May, data from the Finance Ministry showed on Monday, according...

Turkey’s industrial output plummeted by 31.4 pct in April due to pandemic

Turkey's industrial output slumped a more-than-expected 31.4 percent, and its current account deficit widened beyond $5 billion in April as it felt the impact...

More than 9,000 foreigners acquire Turkish citizenship via real estate investment: report

Turkey has granted citizenship to more than 9,000 people through real estate investments since mid 2016, according to the head of a foreign real...

Gov’t debt held by Turkey’s central bank exceeds 10 pct of assets: report

The share of government debt among the Turkish central bank’s assets exceeded 10 percent this week, data showed on Wednesday, as it continues buying...

Easing unemployment in March raises eyebrows in Turkey: report

Turkey’s unemployment rate eased to 13.2 percent in March from 13.6 percent in February, data indicated on Wednesday, but analysts said the figures do...

Turkish economy will contract 3.8 percent this year, rebound with 5 percent next: World Bank

The World Bank said it expects Turkey's economy to contract by 3.8 percent in 2020 after projecting 0.5 percent growth in its previous estimate...

Turkey’s auto exports down 38 pct in first 5 months amid pandemic

Turkey’s motor vehicle manufacturing and exports recorded significant year-on-year declines in the first five months of 2020, with production down 34 percent and exports...

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