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Turkey’s central bank delivers smaller rate hike

Turkey's central bank announced a smaller interest rate hike than in previous months on Thursday, signaling it is nearing the end of its monetary...
Business

WTO panel rules against Turkey in metals duties dispute with US: report

A World Trade Organization dispute panel ruled on Tuesday that Turkey should repeal additional duties imposed on the United States in retaliation for U.S....
Business

Turkey finds no financial abuse by firm US targeted over Hamas ties: report

Turkey said it had reviewed the financial activities of a company whose shareholders were sanctioned by the United States on the grounds of providing...
Business

Abu Dhabi nears deal to buy stake in Turkey’s Port of İzmir: report

Abu Dhabi is set to buy a stake in the Port of İzmir in western Turkey, four sources aware of the deal told Reuters,...
Business

Turkish Airlines places huge Airbus order in bid for air dominance

Turkish Airlines said on Friday it has decided to purchase more than 200 Airbus aircraft -- with the option for over 100 more --...
Business

Germany’s military equipment sales to Turkey hit all-time low in 2023

The German government approved 1.2 million euros in military equipment sales to Turkey in 2023, the lowest in its history, Deutsche Welle’s Turkish service...
Business

Turkey’s Ziraat signs 1.75 billion euro loan deal with Deutsche Bank: report

Turkish state lender Ziraat Bank said on Friday it had signed a 1.75 billion euro ($1.9 billion) loan deal with Deutsche Bank for up...
Business

Turkey’s unemployment hit lowest level since November 2012

The unemployment rate in Turkey dropped to 8.5 percent in October, the lowest level since November 2012, the state-run Anadolu news agency reported on...
Business

Turkey moves to counter rising tide of Chinese EV imports: report

Turkey is cracking down on Chinese electric vehicle imports, the latest country to do so after the European Union launched its own probe into...
Business

İstanbulites see 78 percent annual increase in cost of living

A survey conducted by the İstanbul Planning Agency (IPA) has revealed that the cost of living in Turkey’s most populous city increased by 78.48...
Business

Baykar increased arms revenue by 94 percent in 2022: SIPRI

Turkish defense contractor Baykar, whose chairman Selçuk Bayraktar is the son-in-law of Turkish President Recep Tayyip Erdoğan, increased its arms revenue by 94 percent...
Business

Turkey’s inflation rose slightly in November: TurkStat

Turkey's annual inflation rate slightly increased in November, the state statistics agency said on Monday, showing further signs of levelling off following a series...
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