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Turkey’s economic confidence slightly decreases in September

Turkey’s economic confidence index slightly decreased in September, from 87.1 points in previous month to 86 points, according to the Turkish Statistical Institute (TurkStat). The...

Volkswagen nears decision to build car plant in Turkey: report

German carmaker Volkswagen is nearing a decision on building a new plant in Turkey, a board member told reporters in Berlin on Thursday, according to Reuters. “We...

Turkey’s central bank governor says recent steps were ‘front loaded’

The head of Turkey’s central bank on Wednesday described recent policy steps as “front loaded,” after the bank slashed its key interest rate by 750 basis...

UK remains main provider of foreign investment in Turkey: ministry

The UK remained the main provider of foreign direct investment (FDI) to Turkey, with nearly $631 million inflow in the first seven months of this year,...

Turkey still susceptible to external and domestic risks, says IMF: report

Turkey remains susceptible to external and domestic risks, the International Monetary Fund IMF) said on Monday, while strong, sustainable growth would be challenging without further reforms...

Turkey could miss out on some 700,000 tourists a year after British company collapse: report

Turkey could miss out on 600,000-700,000 tourists a year following the collapse of British tourism agency Thomas Cook on Monday, the head of Turkey’s Hoteliers Federation...

Turkey’s consumer confidence falls to 55.8 points in September

Turkey’s consumer confidence index fell to 55.8 points in September, after rising to 58.3 points in August, data from the Turkish Statistical Institute showed on Friday,...

Bloomberg Turkey reporters seek acquittal over currency crisis article: report

Two Bloomberg reporters and 17 other defendants sought their acquittal on Friday in a trial in which they are charged with spreading false information about Turkey’s...

Turkish economy expected to contract less than predicted, says OECD

Turkey’s economy is expected to contract by 0.3 percent this year, the Organisation for Economic Cooperation and Development (OECD) said in its latest global economic outlook,...

Turkey’s housing sales increase after 7 months of decline: report

Turkish house sales increased 5.1 percent year-on-year in August after seven consecutive months of declines, official data showed on Wednesday, following the central bank’s move in...

Turkish regulator tells banks to write off some $8 bln in bad loans: report

A Turkish regulator on Tuesday told banks to write off 46 billion lira ($8.1 billion) in loans by yearend and set aside loss reserves,...

Turkey’s unemployment rises to 13 percent in June: report

The unemployment rate in Turkey stood at 13 percent in June, according to the country's statistical authority, indicating a year-on-year increase, the state-run Anadolu news agency...

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