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15 businesspeople sentenced to prison over Gülen links

Fifteen defendants have been sentenced to prison in a trial concerning the activities of the now-closed Turkish Confederation of Businessmen and Industrialists (TUSKON) due...
Business

Turkey’s central banker tries to calm market jitters

Turkey's central bank chief on Wednesday tried to quash speculation that he is about to bow to President Recep Tayyip Erdoğan's pressure and cut...
Business

Turkish lira hits all-time low after Erdoğan’s call for interest rate cuts

The Turkish lira hit a record low after Turkish President Recep Tayyip Erdoğan said during a televised interview late on Tuesday that he spoke...
Business

Turkey’s economy grew by 7 percent in first quarter of 2021

Turkey's economy grew a more-than-expected 7 percent year-on-year in the first quarter, official data showed on Monday as pandemic restrictions did not temper hot...
Business

Erdoğan fires central bank deputy governor

Turkish President Recep Tayyip Erdoğan fired one of four central bank deputy governors on Tuesday, according to an overnight presidential decree published in the...
Business

14 months into pandemic, Erdoğan announces one-time aid package for businesses

Fourteen months after the outbreak of the coronavirus pandemic in Turkey, President Recep Tayyip Erdoğan on Monday announced a stimulus package of TL 4.6...
Business

More than a fourth of Turks say they can’t meet basic needs: survey

According to a recent survey, 26.6 percent of Turks say they can't meet their basic living costs, while 54 percent state that they barely...
Business

Turkey’s unemployment rate stood at 13.1 percent in March

Turkey's unemployment rate stood at 13.1 percent in March, down by 0.1 percentage points month-on-month, the Turkish Statistical Institute (TurkStat) announced on Monday, according...
Business

TurkStat files complaint against research group, alleges tweaking of inflation figures

The Turkish Statistical Institute (TurkStat) has filed a criminal complaint against the independent Inflation Research Group (ENAG) on accusations of manipulating the country’s inflation...
Business

Turkey holds key interest rate at 19 percent

Turkey's central bank on Thursday held its main interest rate at 19 percent while hinting that it may be lowered in the months to...
Business

Turkey’s inflation at two-year high above 17 percent after lira slide

Turkish annual inflation climbed to 17.14 percent in April to its highest level in nearly two years, data showed on Monday, driven by a...
Business

Turkey hit by cryptocurrency fraud

Cevheri Güven The websites of three large cryptocurrency exchange platforms in Turkey became inaccessible in rapid succession. The owner of one of them, Thodex, went...
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