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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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

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...
Business

Turkish Airlines extends suspension of domestic, int’l flights into June: report

Turkish Airlines said it is extending the suspension of all its flights into June due to the coronavirus outbreak, the SeeNews website reported. Domestic flights...
Business

Turkish central bank cuts policy rate by 50 pts, eyes normalization: report

Turkey’s central bank cut its policy rate by 50 basis points to 8.25 percent as expected on Thursday, taking advantage of recent lira strength...
Business

Turkey to make importing goods harder, minister says: report

Turkey will make it harder to import goods except for strategic products and those that cannot be produced domestically, Finance Minister Berat Albayrak was...
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