Business
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Erdoğan says central bank governor fired for refusing to cut interest rates: report
July 8, 2019
Erdoğan says central bank governor fired for refusing to cut interest rates: report
In a meeting with his party’s deputies Turkish President Recep Tayyip Erdoğan said he sacked the central bank governor for…
Turkey’s inflation rate hits 12-month low in June
July 3, 2019
Turkey’s inflation rate hits 12-month low in June
Turkey’s annualized rate of inflation stood at 15.72 percent in June, hitting a 12-month low, the statistical authority said on…
Turkish auto market halved in first 6 months
July 3, 2019
Turkish auto market halved in first 6 months
Turkey’s automobile market saw a decline of 45 percent in the first half of 2019, the Diken news website reported.…
Turkey’s foreign trade deficit decreases 77 percent
June 29, 2019
Turkey’s foreign trade deficit decreases 77 percent
The Turkish Statistical Institute (TurkStat) on Friday released the country’s provisional foreign trade statistics for May, which point to a…
Volkswagen mulling €2 bln factory investment in Turkey: report
June 26, 2019
Volkswagen mulling €2 bln factory investment in Turkey: report
German car manufacturer Volkswagen is considering establishing a €2 billion car assembly plant in Turkey, Frankfurter Allgemeine Zeitung (FAZ) reported.…
Business closures up 20 percent in Turkey
June 22, 2019
Business closures up 20 percent in Turkey
The number of companies ceasing operations grew by 20 percent last month, according to figures provided by the Turkish Union…
Turkish consumer confidence bounces back from record lows
June 21, 2019
Turkish consumer confidence bounces back from record lows
Turkey’s consumer confidence improved 4.3 percent in June, after dropping to the lowest level on record in May, the Diken…
Turkey’s red meat imports jumped by 233 percent in 2018: report
June 15, 2019
Turkey’s red meat imports jumped by 233 percent in 2018: report
Turkey’s imports of red meat increased by 233 percent in 2018, while its red meat production dropped significantly, according to…
Moody’s downgrades Turkey rating to B1, ministry challenges move
June 15, 2019
Moody’s downgrades Turkey rating to B1, ministry challenges move
Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments…
BDDK denies filing complaints over critical comments about Turkey’s currency crisis
June 15, 2019
BDDK denies filing complaints over critical comments about Turkey’s currency crisis
Turkey’s Banking Regulation and Supervision Agency (BDDK) on Friday denied media reports claiming that it filed criminal complaints about dozens…