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Independent research group faces tax audit for failing to declare 33 cents

Turkey’s Finance Ministry has ordered a tax audit of an independent inflation research group whose findings anger the government for being much higher than...
Business

Turkish cryptocurrency boss arrested in Albania

The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, Agence France-Presse...
Business

Turkey’s trade deficit at all-time high over rising energy prices: report

Turkey's trade deficit reached a record high in July as a result of increased energy prices, Bloomberg reported. According to records dating back to 1984,...
Business

Turkey plays down US sanctions threat over Russia ties

Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they...
Business

Turkey’s economy expanded 7.5 percent in Q2, seen slowing in H2: report

Turkey's economy expanded 7.5 percent annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast...
Business

5 pro-gov’t firms awarded contracts worth $203 bln during 18 years of AKP rule: Kılıçdaroğlu

Turkey's main opposition Republican People’s Party (CHP) Chairman Kemal Kılıçdaroğlu has said that companies owned by five pro-government businessmen known as the “gang of...
Business

Turkey stuns markets by cutting rate despite soaring inflation

Turkey's central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks...
Business

Russia could buy yuan, rupees, Turkish lira for rainy day fund, central bank says

Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having...
Business

69.3 percent of Turks struggling to pay for food: poll

The majority of people in Turkey are struggling to pay for food as the rising cost of living has been eating into their incomes,...
Business

University students in Turkey can’t afford housing or basic necessities as prices soar

University students in Turkey are facing serious financial difficulties and cannot afford housing or basic necessities, the Stockholm Center for Freedom reported, citing the...
Business

Abu Dhabi’s IHC takes $490 mln stake in Turkey’s Kalyon: report

Abu Dhabi's International Holding Company on Thursday said it had acquired a 50 percent stake in Turkey's Kalyon Enerji for 1.8 billion dirham ($490...
Business

Turkish businesspeople irked over visa-related problems for trips to Europe

Turkish businesspeople have been facing serious problems in their business trips to European countries mainly due to prolonged waiting periods and the increasing rate...
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