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Business

Turkish shops to close after ErdoÄŸan promises economic support: report

Turkish clothing retailers said on Thursday they were shutting stores and that shopping centers were set to close due to the spread of the coronavirus, after...
Business

CHP politician says Turkey late in taking economic measures against coronavirus

Faik Öztrak, the vice chair of Turkey’s main opposition Republican People’s Party (CHP), said the country was late in taking economic measures against the coronavirus pandemic and...
Business

ErdoÄŸan announces $15 bln in support to counter economic impact of coronavirus

Turkish President Recep Tayyip Erdoğan on Wednesday unveiled his government’s plans to mitigate the financial impact of shutdowns caused by the outbreak of the novel coronavirus, announcing...
Business

ErdoÄŸan sees opportunities for Turkey if coronavirus brought under control: report

President Recep Tayyip ErdoÄŸan on Wednesday said the coronavirus was hitting Turkey just as it was recovering from a 2018 lira crisis but that...
Business

Turkish lira hits weakest level since currency crisis in 2018: report

Turkey's lira on Tuesday weakened nearly 0.4 percent over concerns about the impact of the coronavirus, hitting its weakest level since September 2018, at the height...
Business

Turkey’s central bank reduces interest rates to single digits, announces coronavirus measures: report

Turkey’s central bank cut its key interest rate by a full percentage point to single digits and announced a series of measures to boost liquidity amid...
Business

Azeri-Turkish shipping magnate arrested over Gülen links: report

Azeri-Turkish businessman Mubariz Mansimov GurbanoÄŸlu has been arrested in one of the highest-profile detentions of a crackdown against suspects linked to a network accused...
Business

Prominent Turkish-Azeri businessman detained in İstanbul over Gülen links

İstanbul police on Sunday detained Mubariz Mansimov Gurbanoğlu, a prominent Turkish-Azeri businessman, as part of an investigation into the Gülen movement, the pro-government Hürriyet newspaper reported. The financial...
Business

Turkish exports to Russia increase by 26 pct in first 2 months of 2020: report

Turkey’s exports to Russia hit over $700 million in the first two months of the year, a 26 percent increase over the same period of 2019,...
Business

House sales in Turkey jump 51.4 percent in February year-on-year: report

House sales in Turkey continued their upward trend, jumping 51.4 percent in February year-on-year, the country’s statistical authority announced on Monday, according to the state-run Anadolu...
Business

Turkey pledges to support financial markets during coronavirus crisis: report

Turkey promised on Monday to support financial markets facing a liquidity crunch as the lira and stocks tumbled again, raising expectations of broader fiscal and monetary...
Business

Turkey posts 7.9 percent increase in January’s industrial output

Turkey's industrial output rose 7.9 percent year-on-year in January, the country's statistical authority said on Friday, according to the state-run Anadolu news agency. Among the three main...
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