40.2 C
Frankfurt am Main

CATEGORY

Business

Turkey to begin offshore oil drilling in Somalia in 2026: report

Turkey plans to begin oil drilling off the coast of Somalia in 2026 following the completion of extensive seismic surveys, marking the latest step...

Turkey signs LNG deals with German, Italian firms amid Russian contract expirations

Turkey’s state pipeline company BOTAŞ signed long-term liquefied natural gas supply agreements with German energy company SEFE and Italy’s ENI on Wednesday as Ankara...

Turkey’s inflation eases to 31.1 percent: official data

Turkey's annual inflation slowed in November to 31.1 percent, down from 32.87 percent in October, its lowest in four years, official data showed on...

Murat Taşçı appointed chief economist at Turkey’s central bank: report

Turkey’s central bank has appointed Murat Taşçı as its new chief economist, marking the institution’s first such appointment in six years, according to a...

Turkey sharply reduces imports of Russian crude oil: report

Turkey cut its purchases of Russia’s Urals crude oil in November as Western sanctions narrowed the number of suppliers Turkish refiners can work with...

Russia says Gazprom in talks with Turkey on extending gas contracts

Russian gas company Gazprom is in talks with Turkish partners about extending key natural gas supply contracts that are due to expire at the...

Turkish economic growth at 3.7 percent in third quarter, slower than expected: report

Turkey’s economy grew 3.7 percent year on year in the third quarter of 2025, coming in below expectations and giving the central bank more...

Turkey’s gas company posts record billion dollar loss as state keeps prices low

Turkey’s state-owned pipeline operator Petroleum Pipeline Corporation (BOTAŞ) recorded a net loss of 44.9 billion lira ($1 billion) in 2024 as the government continued...

Turkey touts $2 billion Google cloud investment while key environmental details remain undisclosed

Turkey’s vice president announced a $2 billion investment by Google for a cloud-computing project in partnership with local mobile operator Turkcell, without mentioning where...

Turkey denies reports that Russian gas imports will stop

The Turkish presidency's Communications Directorate on Tuesday denied claims that a new liquefied natural gas agreement with the United States will end Russian gas...

FATF team to visit Turkey after removal from ‘grey list’: report

An evaluation team from the Financial Action Task Force (FATF) is expected to visit Turkey this month, nearly a year after the country was...

Turkey’s central bank raises year-end inflation forecast to 31–33 percent

The Turkish Central Bank on Friday raised its 2025 year-end inflation forecast to a range of 31 to 33 percent in its fourth inflation...

Latest news