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Despite pandemic Turkey’s airports served 36.5 million people in first 6 months

A total of 36.5 million passengers used Turkey’s airports in the first six months of the year amid the COVID-19 pandemic, the Xinhua news...
Business

Turkey bans 6 foreign lenders from betting against local stocks: report

Turkey has banned six international banks from betting against its stock market in the latest in a series of moves against foreign investors engaged...
Business

Turkish lira lowest since mid-May after jump in inflation: report

Turkey’s lira slipped to its weakest since mid-May late on Friday after Fitch said the country still faces external financing risks and that its...
Business

Turkey’s inflation jumped to 12.62 percent in June: report

Turkish inflation climbed more than expected to 12.62 percent year-on-year in June, official data showed on Friday, drifting further away from the central bank's...
Business

Turkey’s manufacturing activity rebounds after coronavirus restrictions eased

Turkish manufacturing activity expanded in June for the first time since February, as restrictions to curb the spread of the coronavirus were eased, a...
Business

Turkey’s competition authority launches investigation into Volkswagen

Turkey's Competition Authority has launched an investigation into German automotive giant Volkswagen group's brands -- Volkswagen, Audi, Porsche, Mercedes-Benz and BMW – according to...
Business

Volkswagen cancels plan for new factory in Turkey due to coronavirus

German automaker Volkswagen said Wednesday it is halting plans for a new factory in Turkey, saying that the steep drop in demand for cars...
Business

Turkey’s foreign deficit grew by 102.7 pct year-on-year in May: report

Turkey's foreign trade deficit surged 102.7 percent year-on-year in May to $3.42 billion according to the general trade system, data from the Turkish Statistical...
Business

Fitch lowers Turkey’s economic growth forecast for second time in 2 months: report

Fitch lowered its economic growth forecast for Turkey for the second time in two months, citing the collapse in the tourism industry, the Ahval...
Business

Turkey’s banking watchdog imposes penalties on 16 financial institutions

Turkey’s banking regulator has imposed penalties totaling 2.1 million Turkish lira ($306,000) on 16 non-bank financial institutions for violating regulations, the SeeNews website reported,...
Business

Turkey’s economic confidence continues improving in June: report

Turkey's economic confidence index rebounded 19.1 percent month-on-month in June to 73.5 points, Turkish Statistical Institute data showed on Monday, a second month of...
Business

Turkey to extend coronavirus wage support for 1 more month: Erdoğan

Turkey will extend a wage support system for one month to continue offsetting fallout from the coronavirus pandemic and related lockdowns, President Recep Tayyip...
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