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Automobile sales in Turkey down 47 percent in February

The sale of passenger cars and light commercial vehicles dropped 47.1 percent year-on-year in February, according to a report released by the Automotive Distributers’...
Business

Turkey to investigate 23 supermarket chains over produce prices

Turkey’s Competition Authority has launched an investigation into 23 supermarket chains to ascertain if they are engaged in unfair competition in the sale of...
Business

Turkey’s annual inflation falls below 20 percent for first time since August

Annual Turkish consumer inflation fell to 19.67 percent in February, official data showed on Monday, dropping below 20 percent for the first time since...
Business

Turkey’s banking watchdog prevents İş Bankası from distributing net profit

Turkey’s banking watchdog the BDDK has not approved İş Bankası’s application for the cash distribution of its net profit, the bank said late on...
Business

AKP deputy chairman: Lira will be valued below 5 to US dollar after local elections

Deputy chairman of the governing Justice and Development Party (AKP) Mahir Ãœnal claimed on Friday that the Turkish lira will gain in value against...
Business

Vehicle registrations in Turkey down 43 percent

The number of newly registered vehicles in January dropped 43.4 percent year-on-year, the Diken news website reported on Friday, citing Turkish Statistics Institute (TurkStat)...
Business

Turkey: Foreign trade deficit decreases over 70 percent in January

Turkey's foreign trade deficit fell 72.5 percent to $2.5 billion in January over the same month of 2018, the state-run Anadolu news agency reported...
Business

Company operating Turkey’s tollbooths applies for debt restructuring

Vendeka Information Technologies, which operates Turkey’s tollbooths, has applied for debt restructuring, the Sözcü newspaper reported on Thursday. The company is the prime contractor that...
Business

French bank claims Turkey headed for a recession

An analysis released by French bank BNP Paribas has claimed that Turkey is heading for a recession that will last several quarters. The analysis was...
Business

Turkey to act on e-commerce orders avoiding tax: finance minister

Turkey will take steps against international digital commerce packages that avoid taxes, Finance Minister Berat Albayrak said on Wednesday, in a move to support...
Business

İstanbul’s new airport to become fully operational on April 7

İstanbul’s new airport, which aims to become one of the world’s busiest, will not become fully operational until April 7, Reuters reported, citing the...
Business

Israel’s Bank Hapoalim planning sale of share in Turkey’s Bank Pozitif

Israeli lender Bank Hapoalim said it is planning a sale of its holdings in Turkey’s Bank Pozitif. “The bank is examining possibilities for the sale...
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