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Economic confidence in Turkey falls by 5.9 percent in March: report

Turkey's economic confidence index fell 5.9 percent month-on-month in March to 91.8 points, data from the Turkish Statistical Institute indicate, marking a downturn after five straight...
Business

Turkey’s top business club urges Erdoğan to introduce stricter measures

Turkey’s top industrialists are calling on President Recep Tayyip Erdoğan to introduce stricter measures to fight the coronavirus and boost a stimulus to kick-start the economy...
Business

Moody’s says Turkish economy will shrink 1.4 pct in 2020 due to coronavirus effect

US-based credit rating agency Moody’s has said the Turkish economy will shrink by 1.4 percent in 2020 and grow 0.8 percent next year, slashing...
Business

Turkey’s wealth fund signs $5 bln MOU with Chinese insurance company

Turkey’s sovereign wealth fund said on Thursday it had signed a memorandum of understanding with China’s Sinosure to provide insurance support up to $5 billion for...
Business

Turkey holds first tender for Kanal Ä°stanbul project amid coronavirus measures: report

Turkey held its first tender on Thursday to build a huge canal on the edge of Ä°stanbul, a Transport Ministry spokesman said, signaling progress on the...
Business

Turkey shuts down historic Ä°stanbul bazaar amid coronavirus outbreak

İstanbul’s historic Grand Bazaar has been closed as part of efforts to stop the spread of the novel coronavirus, the T24 news website reported on Monday. No statement...
Business

Turkish consumer confidence improves slightly in March: report

Turkey's consumer confidence index rose to 58.2 points in March from 57.3 the previous month, though it remained in the doldrums, Reuters reported, citing data from...
Business

Turkey threatens to seize factories unless mask producers sell to gov’t: report

Turkish authorities will seize the factories of companies that produce masks unless they agree to sell product to the government by Monday night, Interior Minister Suleyman Soylu...
Business

Turkey’s youth unemployment hit 25.4 percent in 2019: statistical institute

Turkey’s youth unemployment increased to 25.4 percent in 2019 with an annual 5.1 percentage point increase, the Turkish Statistical Institute (TurkStat) said on Friday. The unemployment rate...
Business

Coronavirus impact to push emerging markets, including Turkey, to recession: JP Morgan

The crippling economic impact of the coronavirus is set to push the world’s poorer countries including Turkey into recession by the middle of the year, US...
Business

Turkey will not allow deferral of bills under coronavirus measures: minister

Turkey is not considering any delay in payments of household or business bills under its stringent measures to fight the global coronavirus outbreak, the finance minister...
Business

Turkish shop owners association calls on gov’t to tap unemployment fund amid decreasing sales

Turkey’s United Brands Association (BMD), which represents 384 brands and some 70,000 stores across the country, has urged the government to activate the Unemployment Fund (İşsizlik Fonu),...
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