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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...

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...

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...

Fitch cuts rating of Turkey’s Halkbank, lowers outlook of state-run banks: report

Fitch Ratings has cut the Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) of Turkey’s state-run Halkbank, citing the nation’s declining foreign currency reserves and the risk of...

Nearly 16,000 businesses shut down under coronavirus measures: report

Some 16,000 businesses were closed between March 1 and April 30, when Turkey imposed measures to halt the spread of the coronavirus, the Diken news website...

Turkey’s consumer confidence increases in May despite coronavirus

Turkey's consumer confidence index rose to 59.5 points in May, data from the Turkish Statistical Institute showed on Wednesday, climbing from April's 54.9 -- its lowest...

Russia’s Gazprom reduced gas supplies to Germany, Turkey in March: report

Russian gas giant Gazprom decreased its supplies to major clients Germany and Turkey in March, Reuters reported, citing the Interfax news agency. Natural gas pipeline exports by...

Turkey triples its currency-swap deal with Qatar: central bank

Turkey secured a tripling of its currency-swap agreement with Qatar to $15 billion, the central bank said on Wednesday, providing some much-needed foreign funding to reinforce...

French BNP Paribas halts new Turkish lira trades at prime broker unit: report

French bank BNP Paribas stopped offering clients new trading in the Turkish lira via a special unit after it was briefly banned from the market by...

Brazil, Turkey face high risk from local debt splurge, Goldman Sachs says: report

Brazil, Turkey and some frontier markets face the biggest risk from a possible surge in local sovereign debt issuance as developing governments ramp up spending to...

Turkey still in talks with 4 central banks for currency swap lines: report

Turkey is still in talks with Japan, the United Kingdom, Qatar and China on creating or expanding swap lines, and reports of a deal with two...

Turkey’s state-owned Vakıfbank obtains license to operate in Qatar

Turkey’s state-owned Vakıfbank has announced that it has obtained approval from the Qatar Financial Centre Regulatory Authority (QFCRA) to conduct banking operations in Qatar. In a written statement released...

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