Business
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China’s Huawei makes Turkey focus of Mideast market: report
May 25, 2019
China’s Huawei makes Turkey focus of Mideast market: report
Described as a national security threat by the US, Chinese smart phone manufacturer Huawei has made its Turkey venture the…
US ends Turkey’s preferential trade agreement, reduces tariffs on steel
May 18, 2019
US ends Turkey’s preferential trade agreement, reduces tariffs on steel
The United States on Thursday terminated Turkey’s preferential trade treatment that allowed some exports to enter the country duty free,…
Turkey’s central bank increases its yearend inflation expectation
May 16, 2019
Turkey’s central bank increases its yearend inflation expectation
The Turkish Central Bank has increased its forecast for yearend inflation from 16.23 percent to 16.68 percent while decreasing its…
Turkish state banks sell dollars to boost lira’s value: report
May 11, 2019
Turkish state banks sell dollars to boost lira’s value: report
Turkey’s state banks, including the largest lender by assets, Ziraat Bank, sold $1 billion on Thursday and overnight to curb…
Turkey’s energy, automotive sectors suffering from debt, low demand
May 4, 2019
Turkey’s energy, automotive sectors suffering from debt, low demand
Turkey’s energy and automotive sectors are suffering from exorbitant debt and low demand, respectively, in the face of a continuing…
Turkish Central Bank’s forex reserves shrink again, losing $1 million
May 2, 2019
Turkish Central Bank’s forex reserves shrink again, losing $1 million
The Turkish Central Bank’s international net reserves suffered a further decrease of $1 million last week, according to the T24…
Turkey’s PMI maintains its negative trend for the 13th month in a row
May 2, 2019
Turkey’s PMI maintains its negative trend for the 13th month in a row
Turkey’s Purchasing Managers’ Index (PMI), a survey of manufacturing sector managers on productivity, stood at 46.8 in April, marking the…
Izmir follows Ankara’s bread price increase
April 30, 2019
Izmir follows Ankara’s bread price increase
The price of 250 grams of bread in Izmir city has increased to 1.5 lira (0.25 USD) – a 25…
Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis
April 30, 2019
Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis
Turkey’s consumer confidence index rose by 3.4 percent in April, reaching 84.7 points, the Turkish Statistical Institute (TurkStat) said on…
İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low
April 24, 2019
İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low
The Turkish lira hit its weakest intraday level against the dollar since mid-October on Wednesday as investors weighed up risks…