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Turkey’s inflation rate eases to 8.55 pct in October

Turkey saw a drop to 8.55 percent in the inflation rate in October year-on-year, official figures showed on Monday, the state-run Anadolu news agency reported. Inflation rate...

Volkswagen’s labor unions vow to block manufacturer’s investment in Turkey

Volkswagen’s powerful labor unions vowed to block the manufacturer’s plan to build a 1.3 billion euro ($1.4 billion) factory in Turkey until violence triggered by the...

Number of foreign tourists visiting Turkey increases by 13 pct in September

The number of foreign tourists visiting Turkey surged by 13.23 percent to 5.43 million in September year-on-year, according to the Culture and Tourism Ministry, which added...

Turkish minister expects 4 percent growth in economy in Q4

Treasury and Finance Minister Berat Albayrak on Thursday said the Turkish economy could see 4 percent growth in the fourth quarter of this year, while the...

Turkish central bank chief says chances of more rate cuts are slim: report

Turkey’s central bank has used a significant part of its leeway for loosening monetary policy, Governor Murat Uysal said on Thursday, after the bank cut its...

Turkish economic confidence index improves by 4.5 percent in October

Turkey’s economic confidence index saw a 4.5 percent increase in October, reaching 89.8 percent, according to the Turkish Statistical Institute (TurkStat), the Diken news website reported on...

European partner of Turkey’s stock exchange to leave upon appointment of convicted banker

The European Bank for Reconstruction and Development (EBRD) will sell its 10 percent stake in the Ä°stanbul exchange after a former Halkbank executive who was jailed...

İstanbul’s new airport attracts 40 million passengers in first year: minister

Turkey’s İstanbul Airport has welcomed over 40 million air passengers since its opening last year, the transport and infrastructure minister said on Monday, according to the...

Russia returns 370 tons of tangerines from Turkey due to pests: report

Russia has returned some 370 tons of tangerines sent from Turkey in 16 shipments, citing the detection of agricultural pests in the fruit, Gazete Duvar’s English...

Turkey to introduce new taxation for digital service providers like Google, Facebook

A new omnibus bill on tax regulation calls for the introduction of a 7.5 percent tax on digital service providers such as Google, Facebook and Twitter,...

Turkish Central Bank sharply cuts interest rates

Turkey’s central bank has cut its benchmark interest rate by 2.5 percentage points, deeper than economists had expected, citing an improving inflation outlook, the Financial Times reported....

Erdoğan orders name change of prominent family company seized by gov’t

Turkish President Recep Tayyip ErdoÄŸan has demanded a change in name for the Kayseri-based Boydak Holding, which was seized by the government due to alleged links...

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