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Turkey’s banking watchdog eases rules on $8 mln in debt: report

Turkey’s banking regulator has eased measures on how banks classify credit to once-troubled companies, helping lenders to potentially avoid adding more non-performing loans to their books,...
Business

Turkey’s Treasury takes over 58.5 pct stake in Vakıfbank: report

The Turkish Treasury is taking over a 58.5 percent stake in the state-owned Vakıfbank from the General Directorate of Foundations, according to a presidential decision published...
Business

Turkey’s inflation rises in November, reversing downward trend

Turkey’s rate of inflation rose in November, reversing a year-long downward trend and creating a quandary for the country’s central bank, the Financial Times reported. Consumer...
Business

Turkish economy grew 0.9 percent in Q3: report

Turkey's economy grew 0.9 percent year-on-year in the third quarter, breaking three consecutive quarters of contraction as it shook off a recession that followed...
Business

Turkey takes step in creating local credit rating agency

Turkey took a step forward in establishing a local credit rating agency by taking over an 85 percent share of the JCR Eurasia credit rating agency...
Business

Turkey’s central bank to boost lending in specific sectors: report

Turkey’s central bank is set to adjust a tool it introduced this summer to boost lending in specific sectors of the recession-hit economy, starting by tweaking...
Business

Turkey’s Atlasjet suspends flights until Dec. 21 due to financial problems

Turkish airline company Atlasjet has suspended its flights as of Tuesday until Dec. 21, saying the transfer of flights to İstanbul’s new airport had caused it...
Business

Erdoğan urges central bank to continue interest rate cuts: report

Turkish President Recep Tayyip Erdoğan urged the central bank on Tuesday to continue slashing interest rates, after it already cut them by 1,000 points since July,...
Business

Turkish, Qatari central banks raise swap agreement limit to $5 billion: report

The overall limit of a swap agreement between the Turkish and Qatari central banks has been increased to a $5 billion equivalent of lira and riyal,...
Business

Mnuchin met with Erdoğan, top Turkish officials amid Halkbank probe

US Treasury officials have confirmed that Secretary of Treasury Steve Mnuchin recently attended a White House lunch with Turkish President Recep Tayyip Erdoğan, the Courthouse News Service...
Business

Turkish parliament passes legislation hiking income tax rate for high earners: report

Turkey’s parliament late on Thursday passed new laws on tax regulation including higher rates for high earners and hotel accommodation, and new taxes on digital services, Reuters...
Business

OECD revises 2019 Turkey GDP forecast from contraction to growth

The Organization for Economic Co-operation and Development (OECD) on Wednesday revised its 2019 gross domestic product (GDP) predictions for the Turkish economy, anticipating 0.3 percent growth instead...
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