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Turkey investigating 29 companies over pricing during coronavirus outbreak

Turkey’s competition authority said on Thursday it has launched investigations into 29 companies, including supermarket chains, for extraordinary pricing of hygiene, cleaning and food products during the...

Turkish banks banned from some foreign currency trades after lira plunges: report

Turkish banks have been banned from performing some foreign-currency trades with UBS, Citibank and BNP Paribas as part of a series of dramatic interventions by the...

Turkish lira nears all-time low after concerns over central bank reserves: report

Turkey’s lira tumbled 1.3 percent on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign...

Turkish Airlines plans to partially resume operations in June: report

Turkish Airlines (THY) plans a partial resumption of flights from June and will take four months to return to near full operation, a draft plan seen...

Babacan says Erdoğan’s coronavirus response falls short of protecting economy: report

The man who’s widely credited with shepherding Turkey through its two biggest crises in as many decades is warning that the government’s response to the coronavirus...

All major Turkish factories to resume operations as of May 11: report

All main Turkish factories will resume operations as of May 11, Industry Minister Mustafa Varank said on Tuesday, a day after President Recep Tayyip ErdoÄŸan announced...

Turkey’s automotive exports down 77 pct amid pandemic

Turkey’s automotive exports stood at $505 million in April, representing a 77 percent drop over last year, the Diken news website reported on Monday. The decline was sharper...

Turkey’s exports drop by nearly 41 pct in April due to coronavirus: report

Turkey's exports and imports have both been negatively affected by the coronavirus pandemic, with a marked decline observed over the course of April, according to the...

Turkish inflation falls while manufacturing, trade plunge: report

Annual inflation in Turkey fell to 10.94 percent in April as oil remained cheap and the coronavirus pandemic hit economic activity, while separate data showed manufacturing and...

1 out of every 4 Ä°stanbul residents has become jobless during coronavirus pandemic

Since the outbreak of the novel coronavirus pandemic in Turkey on March 11, many people have lost their jobs, particularly those in Ä°stanbul, where one out...

Turkey lifts export restrictions on medical devices used for COVID-19

The Turkish Trade Ministry has lifted temporary export restrictions on medical equipment used in treating COVID-19 as well as a requirement for private companies to obtain advance...

Turkey’s central bank holding talks on swap lines with several central banks: report

The Turkish Central Bank is having talks on a swap lines with several central banks but cannot currently provide details, Turkish Central Bank Governor...

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