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Turkey’s tourism minister expects flights to return to normal at the end of June: report

Turkey’s tourism minister said on Thursday he expects flights to return to normal by the end of June, after airlines canceled most flights to stem the...
Business

Turkey’s Halkbank pleads not guilty to US charges of evading Iran sanctions: report

Turkey’s state-owned Halkbank on Tuesday pleaded not guilty to criminal charges in a federal court in Manhattan that it helped Iran evade US sanctions, in a...
Business

Turkish foreign trade deficit increases by 72 percent in February: report

Turkey's foreign trade deficit rose by 72 percent year-on-year in February to $2.98 billion, according to the general trade system and data released by the statistics...
Business

Turkey’s Erdoğan wants to ‘keep wheels turning’ despite lockdown demands: report

President Recep Tayyip ErdoÄŸan is under growing pressure from unions and the opposition for a lockdown to slow the spread of the coronavirus, but he insists...
Business

Explosion in eastern Turkey halts natural gas flow from Iran: report

An explosion in eastern Turkey on Tuesday damaged a natural gas pipeline and halted gas flows from Iran, The Associated Press reported, citing local media. The explosion...
Business

Turkish companies to produce 5,000 ventilators in 2 months for coronavirus patients

A team of Turkish defense and electronics firms are planning to jointly produce and deliver 5,000 ventilators to the health ministry in two months, Haluk Bayraktar, CEO...
Business

Turkish lira slips 2 pct against US dollar as coronavirus cases surge: report

The Turkish lira fell nearly 2 percent against the dollar on Monday as the number of coronavirus cases continued to surge in Turkey and world markets...
Business

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...
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