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Coronavirus outbreak delays Chinese refinance of İstanbul bridge loan: report

The novel coronavirus outbreak threw off track a major loan deal that Chinese banks were arranging in Turkey, a sign that the virus’s spread could slow...
Business

Turkish opposition says unemployment numbers higher than announced

Turkey’s main opposition party has claimed that the country’s unemployment rate was around 17 percent in December, instead of the 13.7 percent that was announced by...
Business

Turkey’s unemployment grew slightly in December despite economic recovery: report

Turkey's unemployment rate rose to 13.7 percent in December from 13.3 percent a month earlier, official data showed on Tuesday, despite a pick-up in growth as...
Business

Turkey auto sales surge 96 percent year-on-year in February: report

Sales of cars and light commercial vehicles in Turkey jumped dramatically on an annual basis in February as an economic recovery gathered pace and interest rates edged...
Business

Turkey to control export of masks amid global coronavirus outbreak: report

Turkey has subjected protective products such as masks, goggles and sterile gloves to export restrictions, according to a regulation published in the Official Gazette on Wednesday. ...
Business

Turkey’s inflation rate rises for fourth straight month: report

Turkey’s key inflation gauge rose for a fourth straight month to 12.37 percent in February, data showed on Tuesday, testing the central bank’s resolve to keep...
Business

Turkey’s economy grows 0.9 percent in 2019: statistical institute

Turkey's economy posted a growth rate of 0.9 percent in 2019, according to the Turkish Statistical Institute (TurkStat), the Anadolu news agency reported. The country's gross domestic product...
Business

Economic confidence climbs for fifth consecutive month in Turkey: report

Economic confidence in Turkey climbed for the fifth straight month in February, reaching the highest level since April 2018, the Ahval news website reported. The Economic Confidence...
Business

Turkey’s central bank legal reserves fall by $9 bln since December: report

The Turkish central bank’s net forex reserves, which exclude those deposited by banks, have fallen by about $9 billion since late December to just under $35...
Business

Turkey allows private banks to lend more dollars to central bank: report

Turkey raised the amount of dollars commercial banks can lend to the central bank through currency swap deals, a step intended to boost the nation’s foreign...
Business

Turkish central bank chief sees less inflation and more loans in forecast

Turkey’s central bank chief said the economic recovery is strengthening according to preliminary indicators, and corporate loans should continue rising even as inflation edges down toward...
Business

Turkey’s army fund seeks to expand into service station business: report

The Turkish army's pension fund OYAK filed a deal with the local competition regulator to buy Demirören Holding's Total Oil Turkey and M Oil operations, the...
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