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Turkey’s economy grew 4.5 pct in first quarter before coronavirus outbreak hit

The Turkish economy grew 4.5 percent year-on-year in the first quarter of 2020, propelled by a lending spree just before the coronavirus pandemic brought...

Turkey sold some $44 bln of reserves in 4 months to boost currency: report

Turkey’s state banks sold about $44 billion of hard currency in the first four months of this year and some $77 billion since the...

Turkey’s economic confidence index sees sharp rise in May: report

Turkey's economic confidence index rose sharply to 61.7 in May, the country's statistical authority said on Thursday, according to the Anadolu news agency. The May...

Turkish aviation shares rise on Germany considering travel guidelines: report

Shares in Turkey's aviation sector rose on Thursday on hopes for the resumption of international flights after Germany said it would lift a travel...

Turkish finance minister sees positive growth at yearend despite coronavirus

Turkey will end the year with positive economic growth despite the coronavirus pandemic, Finance Minister Berat Albayrak said on Wednesday, according to Reuters. “Despite this...

Turkey still seeking possible swap agreements with several countries: report

Turkey is in talks with several countries over possible swap agreements, Finance Minister Berat Albayrak said on late Wednesday, saying the initiative was part...

Turkey to reopen İstanbul’s 550-year-old Grand Bazaar after rare closure: report

İstanbul’s historic Grand Bazaar, home to almost 3,000 shops that employ some 30,000 people, is preparing to reopen on Monday after a two-month closure...

Turkish Airlines may delay delivery of Boeing, Airbus planes: report

Turkish Airlines (THY), which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some...

Germany retains travel warning for Turkey despite lifting for 31 other countries: report

The German government from June plans to lift a tourist travel warning applied to 31 European countries, but Turkey is not among them, the...

Turkey hikes tax on foreign currency purchases from 0.2 to 1 percent

Turkey has hiked a tax on the buying of foreign currency to 1 percent from 0.2 percent in a move meant to curb fallout...

Number of foreign visitors to Turkey decreased by 99.26 pct in April

The number of foreign visitors arriving in Turkey plummeted by 99.26 percent year-on-year in April to 24,238, data from the Tourism Ministry showed on...

Fitch downgrades outlook for 9 foreign-owned banks in Turkey: report

Fitch Ratings has revised its Outlooks on Long-Term Foreign-Currency Issuer Default Ratings (LTFC IDRs) of nine foreign-owned banks in Turkey, the Ahval news website...

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