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Turkey to control export of masks amid global coronavirus outbreak: report

Turkey has subjected protective products such as masks, goggles and sterile gloves to export restrictions, according to a regulation published in the Official Gazette on Wednesday. ...
Business

Turkey’s inflation rate rises for fourth straight month: report

Turkey’s key inflation gauge rose for a fourth straight month to 12.37 percent in February, data showed on Tuesday, testing the central bank’s resolve to keep...
Business

Turkey’s economy grows 0.9 percent in 2019: statistical institute

Turkey's economy posted a growth rate of 0.9 percent in 2019, according to the Turkish Statistical Institute (TurkStat), the Anadolu news agency reported. The country's gross domestic product...
Business

Economic confidence climbs for fifth consecutive month in Turkey: report

Economic confidence in Turkey climbed for the fifth straight month in February, reaching the highest level since April 2018, the Ahval news website reported. The Economic Confidence...
Business

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...
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