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Turkey’s automotive sales increase 20 pct in Jan-May period

Sales of passenger cars and light commercial vehicles in Turkey rose by 20.1 percent year-on-year in the January-May period, reaching 183,095 units, the country's...
Business

Turkey’s inflation rises higher than expected in May: report

Turkey's consumer price inflation climbed more than expected to 11.39 percent year-on-year in May, the Turkish Statistical Institute said on Wednesday, rising against a...
Business

Turkey’s trade deficit widened sharply in May due to coronavirus: report

Turkey's exports tumbled nearly 41 percent in May and the trade deficit widened sharply under the impact of the coronavirus pandemic, data indicated on...
Business

Turkey’s banking watchdog fines 18 banks for violating pandemic measures: report

Turkey’s banking regulator has fined 18 banks for conducting transactions against its orders totaling 102.1 million lira ($15 million/13.4 million euros), local media reported,...
Business

Turkey’s national carrier expects 60 pct drop in passenger numbers this year

Turkish Airlines expects a slow recovery in global demand towards the end of the summer months, but there will be a 60 percent drop...
Business

US-based Zynga to buy Turkish mobile-game maker for $1.8 bln: report

Zynga Inc said on Monday it would buy Turkish mobile-game maker Peak for $1.8 billion, in a move that will boost the company’s daily...
Business

Turkey to resume domestic flights as of June 1

Turkey, which halted domestic and international flights in March due to the coronavirus pandemic, will resume domestic flights as of June 1, according to...
Business

Turkish central bank’s FX reserves jump to almost $32 bln after Qatar swap deal

The Turkish central bank's net international reserves jumped to 217.052 billion lira ($31.97 billion) as of May 22, from 180.003 billion lira a week...
Business

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...
Business

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...
Business

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...
Business

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...
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