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Turkey’s central bank legal reserves fall by $9 bln since December: report

The Turkish central bank’s net forex reserves, which exclude those deposited by banks, have fallen by about $9 billion since late December to just under $35...
Business

Turkey allows private banks to lend more dollars to central bank: report

Turkey raised the amount of dollars commercial banks can lend to the central bank through currency swap deals, a step intended to boost the nation’s foreign...
Business

Turkish central bank chief sees less inflation and more loans in forecast

Turkey’s central bank chief said the economic recovery is strengthening according to preliminary indicators, and corporate loans should continue rising even as inflation edges down toward...
Business

Turkey’s army fund seeks to expand into service station business: report

The Turkish army's pension fund OYAK filed a deal with the local competition regulator to buy Demirören Holding's Total Oil Turkey and M Oil operations, the...
Business

Number of new businesses in Turkey surged by 27 percent in January: report

The number of newly established companies in Turkey rose by 27 percent year-on-year in January, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said, according...
Business

Reuters poll says Turkish economy grew 5 percent in last quarter of 2019

Turkey’s economy grew 5 percent in the fourth quarter and expanded 0.6 percent in the year as a whole, just above the government forecast, a Reuters...
Business

Turkey’s lira weakens due to investor unease over Syria conflict, coronavirus: report

The Turkish lira weakened 0.8 percent on Monday as investor unease about the conflict in neighboring Syria was amplified by a global flight to safe havens...
Business

Consumer confidence in Turkey dips slightly in February: report

Turkey's consumer confidence index fell to 57.3 points in February from 58.82 the previous month, data from the Turkish Statistical Institute (TurkStat) showed on Thursday, according...
Business

Turkey exempts some EU, UK citizens from visa requirements: report

Turkey has decided to exempt citizens from European Union countries Austria, Belgium, the Netherlands, Spain and Poland as well as the UK from visa requirements for...
Business

Turkey’s central bank continues lowering interest rates with small cut

Turkey's central bank lowered its key interest rate by 50 basis points to 10.75 percent as expected on Wednesday, its sixth consecutive rate cut and the...
Business

Volkswagen once again postpones decision to build plant in Turkey: report

Volkswagen is again postponing its decision on whether to build a plant in Turkey, a source told Reuters on Tuesday, after the company halted the process...
Business

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...
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