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Turkish lira nears all-time low after concerns over central bank reserves: report

Turkey’s lira tumbled 1.3 percent on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign...
Business

Turkish Airlines plans to partially resume operations in June: report

Turkish Airlines (THY) plans a partial resumption of flights from June and will take four months to return to near full operation, a draft plan seen...
Business

Babacan says Erdoğan’s coronavirus response falls short of protecting economy: report

The man who’s widely credited with shepherding Turkey through its two biggest crises in as many decades is warning that the government’s response to the coronavirus...
Business

All major Turkish factories to resume operations as of May 11: report

All main Turkish factories will resume operations as of May 11, Industry Minister Mustafa Varank said on Tuesday, a day after President Recep Tayyip Erdoğan announced...
Business

Turkey’s automotive exports down 77 pct amid pandemic

Turkey’s automotive exports stood at $505 million in April, representing a 77 percent drop over last year, the Diken news website reported on Monday. The decline was sharper...
Business

Turkey’s exports drop by nearly 41 pct in April due to coronavirus: report

Turkey's exports and imports have both been negatively affected by the coronavirus pandemic, with a marked decline observed over the course of April, according to the...
Business

Turkish inflation falls while manufacturing, trade plunge: report

Annual inflation in Turkey fell to 10.94 percent in April as oil remained cheap and the coronavirus pandemic hit economic activity, while separate data showed manufacturing and...
Business

1 out of every 4 İstanbul residents has become jobless during coronavirus pandemic

Since the outbreak of the novel coronavirus pandemic in Turkey on March 11, many people have lost their jobs, particularly those in İstanbul, where one out...
Business

Turkey lifts export restrictions on medical devices used for COVID-19

The Turkish Trade Ministry has lifted temporary export restrictions on medical equipment used in treating COVID-19 as well as a requirement for private companies to obtain advance...
Business

Turkey’s central bank holding talks on swap lines with several central banks: report

The Turkish Central Bank is having talks on a swap lines with several central banks but cannot currently provide details, Turkish Central Bank Governor...
Business

Turkey’s economic confidence falls by 44.1 percent in April: report

Turkey's economic confidence index tumbled 44.1 percent month-on-month in April to 51.3 points, data from the Turkish Statistical Institute (TurkStat) showed on Wednesday, as it felt...
Business

Turkish lira defense sends central bank reserves to lowest level in year despite borrowing: report

Turkey’s defense of the lira sent central bank net international reserves to the lowest level since last May even after it borrowed a record amount of...
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