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Azerbaijan planning to buy Turkish-made drones: report

Azerbaijan is planning to acquire scores of Turkish-made armed drones, the Azeri defense minister has said, according to the DefenseNews website. “Efforts in this direction...
Business

Turkish central bank unexpectedly halts interest rate easing cycle: report

Turkey’s central bank unexpectedly halted a nearly year-long easing cycle on Thursday by keeping its key interest rate unchanged at 8.25 percent and citing...
Business

Global index provider warns Turkey could be demoted to ‘frontier market’ status: report

Turkey could be demoted to the status of “frontier” market by one of the world’s most important index providers, after a series of measures...
Business

Coronavirus outbreak has cost İstanbul some $730 million, mayor says: report

The coronavirus outbreak has cost Turkey’s largest city, İstanbul, more than 5 billion Turkish lira ($730 million), according to Mayor Ekrem İmamoğlu, the Hürriyet...
Business

Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry

Turkey's central government debt totaled 1.63 trillion lira ($238 billion) at the end of May, up 34 percent year-on-year, the finance ministry said, the...
Business

Turkey’s consumer confidence stays in pessimistic territory in June: report

Turkey's consumer confidence index edged up to 62.6 points in June from 59.5 the previous month, remaining deep in pessimistic territory, data from the...
Business

Turkey’s troubled tourism sector faces critical week as borders reopen: report

Turkey's Mediterranean coasts and historic attractions face a critical week as the government presses to open borders and salvage at least part of a...
Business

Turkish companies start using yuan funding after Chinese swap deal: report

Turkey's central bank said Turkish companies last week used Chinese yuan funding for the first time under a swap agreement signed with the People’s...
Business

Swedish phone company in talks to sell Turkcell stakes to Turkey’s Wealth Fund: report

Telia Co., the former Swedish phone monopoly, on Tuesday said it is in advanced talks to sell its stake in Turkey’s largest mobile-phone operator...
Business

Turkey could emerge stronger from coronavirus crisis, EBRD president says

Turkey could emerge stronger from the coronavirus crisis, President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti told members of Turkey’s...
Business

With economy reopening, Turkey to halt worker pay system: report

Turkey, which reopened its economy this month after a coronavirus-related lockdown, will deactivate a temporary pay system used over the past three months to...
Business

Turkey’s ruling AKP passes competition law, sparking criticism from opposition parties: report

Turkey’s parliament on Tuesday passed a law that includes giving wider powers to the Competition Authority, a change criticized by opposition parties for not...
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