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Turkish gov’t posts $16 billion budget deficit in first six months: report

The Turkish government registered a budget deficit of 109.5 billion Turkish lira (some $16 billion) between January and June, the country's Treasury and Finance...
Business

Turkish state banks short foreign currencies to support lira: report

Turkish state banks have doubled their short foreign currency positions in six weeks to $8.3 billion (6.61 billion pounds) to help defend the lira,...
Business

Majority of Turks say they are worse off than last year: poll

Fifty-eight percent of participants in an opinion survey said their financial situation is worse than it was last year, the Cumhuriyet newspaper reported on...
Business

Turkish market regulator fines 7 brokerages for short-selling activities: report

Turkey’s market regulator has fined seven brokerages for violating short-selling rules and imposed a six-month trading ban on individuals it suspects of stock-price manipulation...
Business

Turkish home sales surged in June, rebounding with cheap loans: report

Turkish home sales leapt nearly 210 percent year-on-year to 190,012 properties in June, official data showed on Tuesday, rebounding with the help of cheap...
Business

Blue Stream gas pipeline between Russia, Turkey idle since May: report

The Blue Stream pipeline delivering Russian gas to Turkey, due to be re-launched after maintenance in May, remains idle, three sources told Reuters on...
Business

Turkey’s industrial output contracts 19.9 pct in May due to pandemic

Turkish industrial production shrank a less-than-expected 19.9 percent year-on-year in May, data showed on Monday, as measures to curb the spread of the coronavirus...
Business

Turkey nearing post-Brexit trade deal with UK: report

Turkish Foreign Minister Mevlüt Çavuşoğlu has said Turkey is close to finalizing a trade agreement with the UK, with only technical issues remaining to...
Business

Turkish auto production shrank 5.4 percent in June: report

Turkish automotive output shrank 5.4 percent year-on-year in June to 103,273 vehicles, Automotive Industry Association (OSD) data showed, marking a recovery from the sharp...
Business

Turkey revokes experience requirement for central bank deputy governor: report

Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that banks set aside 20...
Business

Turkish unemployment eased to 12.8 pct in April despite pandemic

Turkey's unemployment rate fell to 12.8 percent in April from 13.2 percent a month earlier, according to data released on Friday which analysts have...
Business

Turkey’s central bank tells investors inflation will dip soon: report

Turkey’s central bank said on a conference call on Thursday that inflation, while up a bit in recent months due to the pandemic, will...
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