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Trump says 25 pct US tariff applies to countries trading with Iran, leaving Turkey exposed

US President Donald Trump said on Monday that Washington will impose a 25 percent tariff on all trade with any country that does business...
Business

VP says Turkey will stick with tight economic policy, may make limited adjustments: report

Turkey will continue with its tight economic policy aimed at bringing down inflation and does not plan to abandon the current program, Vice President...
Business

Turkey’s national oil company signs exploration MoU with Exxon Mobil unit

The Turkish Petroleum Corporation (TPAO), Turkey’s state-owned oil and gas company, signed a memorandum of understanding (MoU) on Thursday with Exxon Mobil affiliate ESSO...
Business

Turkey ends low-value customs system, raising costs for overseas online orders

Turkey on Tuesday ended a simplified customs system that let shoppers bring in low-cost items ordered online from abroad with minimal paperwork, a change expected...
Business

Turkey’s annual inflation falls to lowest level in over 4 years: official data

Turkey's annual inflation slowed in December to 30.9 percent, a fourth straight month of declines and well below the 44.4 percent posted a year...
Business

Turkey raises minimum wage by 27 percent, drawing sharp political backlash

Turkey has raised its monthly minimum wage by 27 percent for 2026, setting net pay at 28,075 lira ($655), Labor Minister Vedat Işıkhan announced...
Business

Turkey lowers key interest rate to 38 percent

Turkey's central bank said Thursday it had cut its key interest rate to 38 percent as annual inflation figures slow. At a policy meeting, the...
Business

Turkey secures dominant role in Syria’s reconstruction with $11 billion in energy, airport deals

Turkey has emerged as the leading foreign economic actor in Syria’s reconstruction one year after the fall of Bashar al-Assad’s government, securing more than...
Business

Foreign-owned firms in Turkey surpass 10,000 in 2023, generating 12.8 percent of total business turnover

Foreign-owned companies in Turkey generated 12.8 percent of the country’s total business turnover in 2023, as their number rose to 10,265, exceeding 10,000 for...
Business

Turkey to ensure continued flow of Russian gas to Hungary: report

Hungarian Prime Minister Viktor Orban said on Monday that he reached an agreement with President Recep Tayyip Erdoğan for Turkey to guarantee the continued...
Business

Pegasus Airlines to acquire Czech carrier Smartwings

Turkish low-cost carrier Pegasus Airlines on Monday said it had agreed to buy Czech airline Smartwings in a bid to strengthen its presence in...
Business

Turkey in talks to assemble combat drones in Pakistan as defense exports surge: report

Turkey is in advanced discussions to establish a facility in Pakistan to assemble Turkish-made combat drones, part of Ankara’s push to expand its fast-growing...
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