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Competition Authority launches investigation into 24 produce wholesalers

Turkey’s Competition Authority on Friday announced an investigation into 24 businesses across the country for violation of fair competition regulations in the wholesaling of fruits and vegetables,...
Business

Turkey extends tax cuts on cars, other goods in face of recession

Turkey took another step to boost consumption and its lira in the face of recession by extending on Thursday the deadline for tax cuts on cars...
Business

Turkey’s consumer confidence index moves up in March

Turkey’s consumer confidence index has risen to 59.4 points in March, the Diken news website reported on Thursday, citing a release by the Turkish Statistical Institute (TurkStat). The index...
Business

Turkish Airlines denies claim of sale to Qatar

Turkey’s flag carrier Turkish Airlines (THY) on Thursday denied claims on social media that the airline has been sold to Qatar. The Prime Ministry Privatization...
Business

Qatar Airways buys Turkish Airlines, Swiss aviation expert claims

A Swiss-based pilot and aviation expert claimed on Twitter on Wednesday that Qatar Airways CEO Akbar Al Baker had announced the acquisition and a 49 percent...
Business

Turkish entrepreneurs lose High Court case over UK visa rule change

A group of Turkish entrepreneurs on Monday lost a High Court case that they brought against the Home Office over a change to immigration...
Business

Turkish producers critical of government’s decision to import potatoes

Turkish farmers are critical of the government’s recent decision to import potatoes to combat rising prices, Deutsche Welle Turkish service reported on Monday. Turkey’s Minister...
Business

Unemployment in Turkey rose to 13.5 percent in December, says statistics institute

The Turkish Statistics Institute (TurkStat) announced on Friday that unemployment rose  by 3.1 percent in December year-on-year, reaching 13.5 percent countrywide. This percentage corresponds to...
Business

Turkish capital gravitating outward: report

As Turkey’s economic figures were worsening, the outward direct investment (ODI) by Turkish companies in 2018 surged 26 percent to reach nearly $4 billion,...
Business

Turkey’s industrial output slumps 7.3 pct in January

Turkish industrial production plunged 7.3 percent year-on-year in January, a bit better than expected, government data showed on Thursday, marking a fifth consecutive month...
Business

Unemployment rate rises 63 percent in Turkey in one year

The unemployment rate in Turkey has increased by 63 percent since February 2018, with 1.5 million more people joining the ranks of the unemployed,...
Business

Erdoğan says Turkey had ‘negative growth’ in response to economy’s contraction

Turkish President Recep Tayyip Erdoğan claimed on Tuesday that Turkey witnessed “negative growth” in the last quarter of the year as the economy contracted...
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