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Treasury Minister Albayrak purchased land around route of Kanal Ä°stanbul

Turkey’s finance and treasury minister, Berat Albayrak, who is also the son-in-law of Turkish President Recep Tayyip Erdoğan, bought 3.2 acres of land around the route...

Turkey’s central bank to transfer last year’s profits and reserves to Treasury

The Turkish Central Bank will transfer tens of billions of lira to the Treasury from last year’s profits and from its precautionary reserves, the Ahval news website...

Leading Turkish fuel distributor StarPet goes bankrupt: report

An İstanbul court has ruled for bankruptcy for StarPet, one of Turkey’s leading fuel distribution chains, with some 320 gas stations across the country, the Diken news...

Turkey’s negative interest rates likely to harm central bank’s credibility: Moody’s

Turkey’s newly negative real interest rates will likely harm the central bank’s credibility, risk hitting investor confidence and amount to a credit negative for banks’ funding,...

Turkish competition authority launches probe into banks over violation in forex

The Turkish Competition Authority has launched a probe into more than 20 local and foreign banks over possible violations in foreign exchange and other services, Reuters...

Rejection of new Sabiha Gökçen runway intended to boost İstanbul Airport business

The Turkish transportation ministry’s rejection of the construction a new runway at İstanbul’s Sabiha Gökçen Airport was aimed at diverting more passengers to İstanbul’s new airport,...

Turkey releases footage of fugitive Ghosn’s accomplices in İstanbul airport

Turkey's state-run Anadolu news agency has published images of two men accused of helping fugitive businessman Carlos Ghosn escape via an Ä°stanbul airport, as he fled...

Ministry approves Kanal İstanbul’s environmental impact assessment report

Turkey’s Ministry of Environment and Urbanization has approved the environmental impact assessment report (ÇED) for the Kanal İstanbul project, an artificial sea-level waterway bisecting the European side...

European bank seeks to increase investment in Turkey’s railways

Europe’s Bank for Reconstruction and Development (EBRD) expects to increase its €1 billion of investment in Turkey in the coming year, with railways slated to get...

Turkey’s central bank cuts interest rates to 11.25 pct: report

Turkey’s central bank trimmed its key interest rate by 75 points to 11.25 percent on Thursday as expected, its most restrained move since it began easing...

Hyundai suspends production in Turkey for a month due to plummeting sales

Hyundai Motor Co.’s car plant in Turkey, which is a production base for the European market, will halt operations for 30 days as the company’s sales...

Turkish housing sales dropped 1.9 percent in 2019: TurkStat

Housing sales in Turkey dropped by 1.9 percent, or 26,669 units, last year compared to the previous year, the state-run Anadolu news agency reported on Wednesday, based...

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