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Turkey’s industrial output climbed 8.6 percent in December: report

Turkey’s industrial output climbed 8.6 percent in December: report

Turkish industrial production climbed 8.6 percent year-on-year in December, official data showed on Thursday, exceeding forecasts in the fourth consecutive…
Transfer of opposition party shares in Turkey’s largest bank back on agenda: report

Transfer of opposition party shares in Turkey’s largest bank back on agenda: report

The proposed transfer of a 28 percent stake in Turkey’s largest listed lender İşbank from the main opposition party to…
Turkey’s ruling party proposes granting state-run Wealth Fund unlimited borrowing authority

Turkey’s ruling party proposes granting state-run Wealth Fund unlimited borrowing authority

Members of parliament from Turkey’s ruling Justice and Development Party (AKP) have submitted a bill exempting the country’s Wealth Fund…
Italy’s biggest bank cuts more of its stake in Turkey’s Yapı Kredi: report

Italy’s biggest bank cuts more of its stake in Turkey’s Yapı Kredi: report

UniCredit, Italy’s biggest bank by assets, took a further step on Wednesday in a strategy to streamline its structure, announcing…
Turkey’s manufacturing activity increases for first time in 22 months: report

Turkey’s manufacturing activity increases for first time in 22 months: report

Turkish manufacturing activity expanded for the first time in 22 months, a business survey showed on Monday, with new orders…
Turkey’s foreign trade deficit shrank 43.5 percent in 2019: report

Turkey’s foreign trade deficit shrank 43.5 percent in 2019: report

Turkey’s foreign trade deficit shrank by 43.5 percent in 2019 to $31.17 billion, down from $55.12 billion in 2018, the…
Turkey’s tourism revenues increased 17 percent in 2019: official data

Turkey’s tourism revenues increased 17 percent in 2019: official data

Turkey’s tourism revenues in 2019 hit $34.5 billion, a 17 percent jump from the previous year, according to the Turkish…
European Investment Bank to keep Turkey lending restrictions in place: report

European Investment Bank to keep Turkey lending restrictions in place: report

The European Union’s lending arm, the European Investment Bank (EIB), expects to keep its lending heavily restricted in Turkey this…
Treasury Minister Albayrak purchased land around route of Kanal İstanbul

Treasury Minister Albayrak purchased land around route of Kanal İstanbul

Turkey’s finance and treasury minister, Berat Albayrak, who is also the son-in-law of Turkish President Recep Tayyip Erdoğan, bought 3.2…
Rejection of new Sabiha Gökçen runway intended to boost İstanbul Airport business

Rejection of new Sabiha Gökçen runway intended to boost İstanbul Airport business

The Turkish transportation ministry’s rejection of the construction a new runway at İstanbul’s Sabiha Gökçen Airport was aimed at diverting…
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