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Turkey’s housing sales drop 2.5 percent despite interest rate cuts

Turkish housing sales slipped 2.5 percent year on year in October to 142,810 units, the Turkish Statistical Institute (TurkStat) said on Monday, halting a two-month upswing...
Business

Controversial villa project in UNESCO-listed town to proceed: report

The construction and sale of controversial château-style villas in a Turkish UNESCO-listed town will resume after the reversal by a court of a bankruptcy decision against...
Business

Ä°stanbul Mayor Ä°mamoÄŸlu in London to reassure investors: report

Ä°stanbul Mayor Ekrem Ä°mamoÄŸlu, a political opponent of Turkish President Recep Tayyip ErdoÄŸan, said on Thursday he was on a mission in London to...
Business

Turkey’s unemployment rate rises to 14 percent, youth joblessness at record high

Turkey's unemployment rate rose to 14.0 percent in the July-September period from 13.9 percent a month earlier, official data showed on Friday, with youth unemployment hitting a...
Business

Turkey’s industrial production increase indicates signs of recovery: report

Turkish industrial production expanded 3.4 percent year-on-year in September after contracting for 12 months, government data indicated on Thursday, as the economy shows signs of recovery...
Business

Minister Albayrak files lawsuits over news articles reporting his remarks

Turkey’s finance minister, Berat Albayrak, has filed lawsuits against some of the journalists and news outlets that reported on his remarks last week equating economists who make...
Business

Turkey’s largest state-owned bank records 39 percent profit drop in Q3: report

Ziraat Bank, Turkey’s largest state-owned lender, said net income in the third quarter dropped by 39 percent year-on-year, the Ahval news website reported on Wednesday. Profit declined...
Business

Turkey records higher-than-expected $2.48 bln current account surplus in September

Turkey’s current account recorded a higher-than-expected surplus of $2.48 billion in September, data from the central bank showed on Tuesday, with support from tourism revenues and...
Business

Turkish army pension fund quits British Steel purchase talks: report

Turkish military pension fund OYAK said on Monday that its subsidiary, Ataer Holding, had ended talks to buy British Steel after deciding the acquisition was not...
Business

ErdoÄŸan to discuss Halkbank indictment during meeting with Trump: report

President Tayyip ErdoÄŸan has said he will discuss the case of Turkish lender Halkbank with US President Donald Trump during talks in Washington next week, Reuters...
Business

80 fellow graduates of Erdoğan’s son in management at Turkey’s national carrier

Some 80 executives at Turkey’s national carrier, Turkish Airlines (THY), are graduates of the same high school as President Recep Tayyip Erdoğan’s son Bilal, the Sözcü...
Business

Ä°stanbul Airport operator mandates London-based lender for refinancing: report

Turkey’s İstanbul Airport operator IGA mandated the London-based Dome Group for the refinancing of loans it took out for the investment, the company said in a...
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