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Turkey’s economy grew by 5.9 percent in Q3: report

Turkey's economy expanded by a more-than-expected 5.9 percent in the third quarter, driven by household spending, but activity should begin to slow after aggressive...
Business

Erdoğan-linked ship was loading cargo in Israel at height of Gaza conflict: journalist

According to an investigative journalist citing data from the İstanbul Chamber of Commerce (İTO), Turkish President Recep Tayyip Erdoğan’s eldest child, Burak Erdoğan, may...
Business

Turkish exports of military-linked goods to Russia skyrocket: report

Turkey’s exports to Russia of goods vital for Moscow’s war on Ukraine have soared this year, heightening concerns among the US and its allies...
Business

EBRD head says Turkey’s U-turn must carry on to entice investors: report

Turkey must forge ahead with its new and more sustainable economic strategy in order to draw back foreign investors, European Bank for Reconstruction and...
Business

Turkey seeking Eurofighters after uncertainty over US F-16 purchase: source

Turkey began discussing buying 40 Eurofighter Typhoon jets with European states after it saw that its request for F-16 fighter jets from the United...
Business

Turkey’s central bank delivers another major interest rate hike

Turkey's central bank on Thursday surprised the market with a larger-than-expected interest hike as it ramped up its fight against inflation and efforts to...
Business

Bounced checks are on the rise in Turkey

The Turkish economy is grappling with a severe liquidity crunch, as evidenced by an unprecedented rise in the number of checks that were not...
Business

Turkish home sales drop 14.3 percent in first 10 months of 2023

Home sales in Turkey fell by 14.3 percent from January to October year-on-year, according to official data published on Thursday. The Turkish Statistical Institute (TurkStat)...
Business

Turkey’s central bank says its policy has government’s full support: report

Turkey’s central bank has pledged not to deviate from its current policy mix to curb runaway inflation, hinting that President Recep Tayyip Erdoğan's government...
Business

Vitol buys BP’s Turkish gas stations: report

Vitol’s Petrol Ofisi has agreed to buy BP Plc’s gas station operations in Turkey, Bloomberg reported on Thursday. Vitol, the world’s biggest independent oil trader,...
Business

Turkey runs $3.4 bln budget deficit in October: report

The Turkish government's budget showed a deficit of 95.5 billion Turkish liras ($3.4 billion) in October, the state-run Anadolu news agency reported, citing official...
Business

Turkey’s crypto rules to regulate licenses and taxes after boom: report

Turkey's new rules to regulate the crypto market will likely focus on licensing and taxation, sector officials told Reuters, as the world's fourth-largest crypto...
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