US releases former Turkish banking executive

A former Turkish banking executive was released on July 19 from a federal U.S. prison. Mehmet Hakan Atilla, 48, the former deputy director-general at Turkish…

Turkey ranks second in direct investment in Tajikistan

Tajikistan is interested in attracting foreign investment, thanks to which the country’s economy shows rapid growth in all sectors. Ambassador of Turkey in Tajikistan Ali…

15th Russian plane with components of S-400 missile systems arrives in Turkey

Fifteenth Russian plane with components of S-400 anti-aircraft missile systems has arrived in Turkey, Trend reports referring to Turkish media. It is reported that the…

ELECOMP exhibition underway in Tehran

The 25th Iran International Electronic, Computer & E-Commerce Exhibition (ELECOMP) is taking place in Tehran, Iran’s capital, Trend reports. The exhibition will last for three…

Erdogan condemns attack on Turkish diplomats in Erbil

Turkish president on Wednesday condemned the armed attack targeting Turkish diplomats in Erbil, Iraq, Anadolu Agency reports. “I condemn the heinous attack targeting our consulate…

NATO Secretary General: Turkey’s withdrawal from NATO over S-400 was not on the agenda

“Turkey’s contribution to NATO runs much deeper and much broader than the F-35,” Secretary General of NATO Jens Stoltenberg said. Report informs citing Hurriyet that…

Russia ready to deliver Su-35 fighter jets to Turkey

Rostec chief Sergei Chemezov said the company is ready to discuss the deliveries if the Turkish side expresses an interest Russia’s Rostec state corporation is…

Bloomberg: ”Turkey Has Abandoned the West”

Bloomberg Editors Claims that ”Turkey has abandoned the West” For the past few years, as Turkish President Recep Tayyip Erdogan has railed ever more belligerently…

US not to sell F-35 fighter jets to Turkey for buying Russian defence equipment

President Donald Trump has announced that the US would not sell the F-35 fighter jets to Turkey after Ankara purchased the S-400 missile defense system…

Turkish-made arctic fishing vessel for Canada launched

An arctic fishing vessel produced by Turkey for Canada was launched in an Aegean shipyard on Tuesday. The ship called “Calvert” was produced for Canada’s…

Turkish house sales halve in June, hit by holiday, high rates

Turkish house sales tumbled 48.6% year-on-year in June, the sixth consecutive month of declines, official data showed on Wednesday, as the property market continued to…

Turkish economy sees total turnover rise 14.4% in May

The Turkish economy’s total turnover saw an annual rise of 14.4% in May, according to a report released by the country’s statistical authority on July…

Turkey’s economy to contract in 2019, limited growth ahead

Turkey’s economy is expected to contract in 2019 for the first time in a decade and to see only modest growth in the following two…

New Turkish central bank governor signals rate cut

Turkey’s new central bank governor has signalled an impending interest rate cut, arguing that the bank has “room to manoeuvre” on monetary policy as inflation…

Azerbaijani citizens buying more real estate in Turkey

In January-June 2019, Azerbaijani citizens purchased 531 real estate properties in Turkey, which is 117 real estate properties more than in the same period last…

Pound Turkish Lira Exchange Rate Forecast: GBP/TRY Tumbles on No-Deal Brexit Worries

The Pound Turkish Lira (GBP/TRY) exchange rate has plummeted today, as growing concerns of a no-deal Brexit offsets some upbeat UK employment figures. At the…

Pirates seize Turkish sailors off Nigeria

Ten Turkish sailors have been taken hostage by armed pirates off the coast of Nigeria, according to shipping company Kadioglu Denizcilik. The company said its…

Istanbul Mayor Imamoglu: Turkey badly managed refugees

The new Mayor of Istanbul, Ekrem Imamoglu, has said the country’s policy towards refugees has been mishandled. More than 3.5 million Syrian refugees are now…

Turkey warns United States against harmful steps over Russian S-400s

Turkey called on the United States on Wednesday to avoid steps harmful to bilateral relations after the U.S. State Department spokeswoman reiterated Ankara would face…

Turkey determined to bring inflation down to single digit: Erdoğan

President Recep Tayyip Erdoğan on Wednesday vowed to succeed in bringing inflation down to a single digit, saying country is ‘determined. Consumer prices in Turkey…

Turkey cenbank seen making deeper rate cut on July 25 after governor dismissal

Turkey’s central bank is expected to make a deeper than previously expected cut in its key interest rate this month after President Tayyip Erdogan dismissed…

Turkish Airlines and Kuwait Airways start codeshare deal

The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gökçen Airports. Turkish Airlines and Kuwait Airways announced a new strategic partnership, which will see Kuwait…

Murat Uysal is Turkey’s new central bank governor

Previously a deputy governor, Uysal replaces Murat Cetinkaya as the bank’s governor, a presidential decree says. Murat Uysal says he will continue to “independently apply…

GVC denies sale of Turkish business

The Turkish business was sold after a competitive process overseen by investment bank Houlihan Lokey. GVC Holdings denied a report that its CEO sold the…

Government unveils new development plan

Turkey’s 11th development plan which covers 2019-2023 has been submitted to parliament following President Recep Tayyip Erdoğan’s approval. All ministries, public institutions and NGOs contributed…

Turkey’s President Erdogan: Central Bank head failed to perform his duties

Removal would not have occurred had Central Bank “properly played its role in economic policy”, says Turkish president Turkey’s president on Wednesday said the country’s…

Turkish Airlines carried some 7 mln passengers in June

Turkish Airlines (THY) reported on July 9 that it carried a total of 6.6 million passengers in June, a 3.2 percent increase from a year…

Construction of the Turkish Stream pipeline 90% finished

Turkish Stream Pipeline is Almost Finished, Gazprom Says TurkStream should be online by the end of the year. Gazprom expects to export 198- 201bcm of…

Pegasus meets rising demand for Turkey tourism with new Expedia Partner Solutions agreement

Exclusive agreement sees Pegasus offer travelers better deals in Turkey and other international destinations. LONDON, UK – Low-cost Turkish carrier Pegasus Airlines is joining forces…

US threatens €3.5bn extra tariffs on EU produce over aircraft subsidy dispute

Produce from the EU being exported to the US could be facing additional tariffs costing billions of euros, according to a US government statement released…

Turkish inflation cools to 12M low in June

Mubasher: Turkey’s inflation rate cooled in June, recording the fastest pace since last October, when the economy was reeling from a currency crisis. Turkish consumer…

Minister Albayrak upbeat on inflation outlook

Turkish Treasury and Finance Minister Berat Albayrak has welcomed the latest consumer price data, saying that inflation will decline to single-digits in the period ahead.…

İstanbul Governor’s Office issues warning to shops with Arabic signs

A Syrian man sit in front of a syrian shop, on May 1, 2018 in Gaziantep, southwestern Turkey. In the Turkish city of Gaziantep, home…

Banking sector posts $3.4B net profit in Jan-May

Turkey’s banking sector net profit totaled 19.7 billion Turkish liras (nearly $3.4 billion) in January-May this year, the country’s banking watchdog reported on July 4.…

Turkey’s inflation rate falls in June

Annual inflation in June reaches 15.72%, down from 18.71% in May, says data from statistical authority TurkStat Consumer prices in Turkey rose 15.72% on an…

Turkey’s annual gold production ‘may reach’ 50 tons

Country produces total of 302 tons of gold from 2001 to 2018, head of gold miners association Turkey’s annual gold production ‘may reach’ 50 tons…

Afghan president inaugurates $39M solar energy project

Turkish, Afghan firms jointly develop 30 megawatt solar power project in southern Kandahar province Afghan president inaugurates $39M solar energy project Afghan President Ashraf Ghani…

U.S.-China trade truce lifts stocks, Turkish assets rally

Emerging market stocks began the second half of 2019 on a bright note on Monday as investors flocked to riskier assets after the United States…

Turkish lira soars nearly 2.8% after Trump-Erdogan meeting

The Turkish lira soared nearly 2.8% on Monday to its strongest level since April after President Tayyip Erdogan said he heard from U.S. President Donald…

Turkish Airlines’ first Boeing 787-9, a new business class, has taken wing

Turkish Airlines’ first Boeing 787-9 has taken wing, and it’s also packing an impressive new business class seat which is promised to deliver a trio…

Turkey pounces on rally to come back to bond markets

Turkey announced its first major bond sale since March on Tuesday, taking advantage of a global bond rally and a recovery in domestic sentiment over…

Trump promised: no sanctions to be imposed against Turkey – Erdogan

US President Donald Trump promised that sanctions won’t be imposed on Turkey, Turkish President Recep Tayyip Erdogan said during a press conference following the G20…

David Satterfield confirmed as new US ambassador to Turkey

The U.S. Senate on Friday confirmed President Donald Trump’s nominee, David Satterfield, as the next U.S. ambassador to Turkey, filling the spot that had been…

Turkey’s president praises ties with China

Relations crucial not only for welfare of two countries’ peoples but also for international stability, says Erdogan Maintaining momentum in relations between Turkey and China…

Turkey breaks its exports record in H1: Trade minister

Ruhsar Pekcan says Turkish exports total $88.2 billion in first 6 months of 2019 Recording $88.2 billion in the first half of 2019, Turkey’s exports…

Turkey will enter the Chinese market through Hong Kong

Turkey is ranked in the second position worldwide in terms of export/kg in household and kitchen utensils sector, Now the country’s route turned to Asia.…

Topkapi Palace is moving to Japan

2019 will be celebrated as “Year of Turkey” in Japan. This occasion will be a major breakthrough in relations between the two countries. Important artifacts…

Turkey’s foreign trade deficit plunges 93% in October amid record exports

Turkey’s foreign trade deficit saw an annual fall of 92.81 percent in October, year-on-year, Trade Minister Ruhsar Pekcan said. According to Pekcan, last month the…