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Turkish capital gravitating outward: report

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…
Turkey’s industrial output slumps 7.3 pct in January

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…
Turkey’s economy contracts more than 3 pct, showing signs of recession

Turkey’s economy contracts more than 3 pct, showing signs of recession

The Turkish economy contracted a sharper than expected 3.0 percent in the fourth quarter of 2018, its worst performance in…
Turkey increases weapons exports by 170 percent in last 4 years: report

Turkey increases weapons exports by 170 percent in last 4 years: report

The Stockholm International Peace Research Institute (SIPRI) reported on Monday that Turkey increased its weapons exports by 170 percent between…
Turkey sets duty-free import quota of 200,000 tons of potatoes

Turkey sets duty-free import quota of 200,000 tons of potatoes

A Turkish presidential decree has set a duty-free import quota for 200,000 tons of potatoes, the Official Gazette said on…
Turkey’s banking watchdog prevents İş Bankası from distributing net profit

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

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 Ünal claimed on Friday that the Turkish lira will…
İstanbul’s new airport to become fully operational on April 7

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,…
Turkey’s only silver refinery calls it quits

Turkey’s only silver refinery calls it quits

Kütahya Eti Gümüş, Turkey’s only silver refinery and the biggest in the Middle East, has halted operations 15 years after…
Erdoğan: Historic sites in Istanbul to be demolished for reconstruction

Erdoğan: Historic sites in Istanbul to be demolished for reconstruction

Turkish President Recep Tayyip Erdoğan said in a TV interview on Sunday that some of the historic buildings on İstanbul’s…
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