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Turkey’s natural gas purchases from Russia dropped by 35.3 pct in 2019: report

Russian gas supplies to Turkey declined by 35.3 percent to 15.51 billion cubic meters (bcm) last year due to a downturn in the Turkish economy, the...

Turkey’s house sales surged by 55.8 percent in January: report

Turkish house sales jumped 55.8 percent year-on-year in January to 113,615 units, the Turkish Statistical Institute (TurkStat) said on Friday, leaping for a third consecutive month...

Transfer of opposition party shares in Turkey’s largest bank back on agenda: report

The proposed transfer of a 28 percent stake in Turkey’s largest listed lender İşbank from the main opposition party to the Treasury was discussed at a...

Turkey’s industrial output climbed 8.6 percent in December: report

Turkish industrial production climbed 8.6 percent year-on-year in December, official data showed on Thursday, exceeding forecasts in the fourth consecutive rise as the economy gathers pace...

Turkish airline Atlasglobal suspending operations: report

Turkish airline Atlasglobal has decided to suspend operations and told its staff not to come to work on Thursday, Reuters reported, citing the aviation sector news website...

Turkish baklava tycoon sentenced to 8 years, 9 months in prison over Gülen links

Faruk Güllü, businessman and the founder of a well-known baklava company  in Turkey, has been sentenced to eight years, nine months in prison over alleged links...

Turkey’s Erdoğan says interest rates will continue to fall

Turkish President Recep Tayyip ErdoÄŸan said on Wednesday that the trend of falling interest rates in Turkey would continue after the central bank more than halved...

Turkey’s ruling party proposes granting state-run Wealth Fund unlimited borrowing authority

Members of parliament from Turkey’s ruling Justice and Development Party (AKP) have submitted a bill exempting the country’s Wealth Fund from credit limitations governing borrowing, granting it...

Goldman Sachs predicts more cuts in Turkey’s interest rate before rise again next year: report

Turkey’s central bank will bring interest rates to single digits within months, as demanded by President Recep Tayyip Erdoğan, before they start to rise again next...

Turkey tightens controls over national currency to initiate growth: report

Turkey has further tightened controls imposed on the lira as it pushes ahead with efforts to manage the country’s currency even as it cuts interest rates...

Turkish watchdog reduces fees banks can charge clients: report

Turkey has reduced the range and the levels of fees and commissions that banks can charge clients, according to central bank and banking watchdog regulations announced...

Turkey’s unemployment edged down in November: report

Turkey's unemployment rate edged down to 13.3 percent in November from 13.4 percent a month earlier, official data showed on Monday, reflecting a limited reaction to...

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