Chicken meat production in Turkey fell by 1.3% year-on-year in June

Chicken meat production in Turkey fell by 1.3% year-on-year in June, Turkish Statistical Institute (TÜİK) announced on Aug. 8. TÜİK said chicken meat production amounted to 168,552 tons in June, while turkey meatproduction totaled 3,968 tons.…

Turkey’s Karasu Port to start Ro-Ro operations

Ro-Ro services have started at Karasu Port in Sakarya, located just over 150km east of Istanbul on Turkey’s Black Sea coastline. Last month, Ro-Ro services…

Zelensky going to visit Turkey

President of Ukraine Volodymyr Zelensky will be on a working visit to Turkey on August 7-8, the Presidential Office reports on Facebook. During the visit,…

Turkey’s annual inflation rate stands at 16.65% in July

Turkey’s inflation sharply cools to lowest level in a year, paving way for potential rate cut Turkey sees gradual drop in inflation plus downward trend…

Turkey’s revenues from car exports increases by 5%

In July 2019, Turkey’s revenues from car exports increased by 5 percent compared to July 2018, and amounted to $2.9 billion, Trend reports referring to…

Turkcell Offers Super Pack for Sports Fans Exclusive to Super Cup 2019

Turkcell offers unlimited data through its brand new tariff to sports fans travelling to Turkey for the Super Cup finale between two English rivals Liverpool…

Turkish central bank hikes reserve requirement on forex deposits

ISTANBUL, Aug 5 (Reuters) – Turkey’s central bank increased the reserve requirement ratios on forex deposits and participation funds by 100 basis points for all…

Turkey: Inflation downtrend reverses, but not for long

At 1.36%, CPI inflation in July temporarily boosted the annual figure to 16.65% from 15.72% in June, which was the lowest level in a year.…

Turkish Jews commemorate 527th anniversary of exodus from Spain

Deputy leader of community said the Ottomans Jews the right to life after expulsion from Spain in 1492. Turkish Jews have observed the 527th anniversary…

Officials laud Turkish efforts in developing space tech

Turkey manufactured its first communication satellite locally, said an official late Aug. 1 at an annual astronomy festival in the Mediterranean city of Antalya. Speaking…

NNPC, Turkey to boost trade relations

The Nigerian National Petroleum Corporation has expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil. The Group Managing Director of NNPC,…

Turkey boosted sunflower seed imports

Turkey imported 804 KMT of sunflower seed in January-June (up 278 KMT year-on-year), reports UkrAgroConsult on the basis of estimates made by Oil World. The…

Turkey: Over 300,000 motor vehicles registered in H1

Number of new motor vehicle registrations in January-June slips nearly 42% year-on-year, according to A total of 313,213 first- and second-hand vehicles were registered in…

Turkey exports 262,000 tons hazelnut in 11 months

Turkey’s hazelnut exports hit nearly 262,000 tons from last September to this July, a regional trade union announced on Friday. The Black Sea Hazelnut and…

Turkish lira under downside pressure, drops below 5.60

After briefly moving above the 5.61 handle, USDTRY met some selling impetus and is now returning to the sub-5.60 region. Turkish lira has rapidly regained…

Rhodes and Bodrum united in ‘Jazz across the water’

Two events declare themselves ‘sister festivals’ The Rhodes (Greek) International Jazz Festival on the Greek island and the Bodrum (Turkey) Jazz Festival in Turkey, have…

After sharp rate cut, Turkey’s crisis-hit companies seek more stimulus

* More cenbank easing sought after 425-basis point cut * Lenders eye dollarisation, wary after booking losses * Hard-hit construction sector wants ‘room to breathe’…

Turkey’s exports rise over 8.3% in July: Minister

Turkey’s exports surged 8.32% to reach $15.96 billionin July, said Trade Minister Ruhsar Pekcan on Aug. 2. The figure under the general trade system makes…

Syrian population makes up 5 percent of Turkey’s population: CHP report

A report prepared by the main opposition Republican People’s Party (CHP) has said that Syrians in Turkey currently make up 5 percent of the country’s…

Turkish July automotive sales tumble 66pc-association

Sales of passenger cars and light commercial vehicles in Turkey slid 66% year-on-year in July to 17,927 vehicles, the Automotive Distributors’ Association (ODD) said on…

Russia, Iran, Turkey welcome Syrian Constitutional Committee progress

Russia, Iran and Turkey, Astana peace process guarantors, have expressed satisfaction with the progress reached in finalizing the Syrian Constitutional Committee composition, Russia, Iran and…

Varosha to become tourist attraction

The Turkish Cypriot government is speeding up efforts to turn Varosha, which has remained abandoned and uninhabited for 45 years, into a major tourist destination.…

Turkish Airlines Keen to Buy HNA’s Stake in Virgin Australia

Turkish Airlines is interested in HNA Group’s minority stake in Virgin Australia as it seeks growth in the Asia-Pacific region, according to people familiar with…

Turkey’s Crude Steel production down 10.1% in Jan-Jun 2019

Turkey produced 16.994 million tonnes of crude steel in January-June 2019, down 10.14% on the 18.912 million tonnes produced in the first six months of…

Emirates NBD Bank completes DenizBank acquisition

Emirates NBD Bank, a UAE-based banking group, has completed the acquisition of Turkish lender Denizbank from Russia’s Sberbank. The transaction was wrapped up following the…

Turkish Airlines, Bangkok Airways ink new codeshare deal

Turkish Airlines and Bangkok Airways Public Company Limited have announced a new codeshare partnership, which will provide their passengers with convenient travel connections from Turkey…

Azerbaijani gas supplies to Turkey increase significantly

According to AzerNews, Azerbaijan and Turkey continue to expand their economic and trade cooperation. The figures for Azerbaijani exports to Turkey show noticeable growth and…

Turkey to look for alternative to F-35 planes

Turkey will look for an alternative to F-35 planes, Director General of Turkey’s Undersecretariat for Defense Industries (SSM) Ismail Demir said, Trend reports referring to…

SOCAR: Reports about acquiring a stake in Turkish media group are not true

The information spread in the Turkish media about the desire of the Azerbaijani state oil company SOCAR to acquire a share in the Turkish Demiroren…

Azerbaijan, Turkey to cooperate in development of small and medium enterprises

The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy and the Turkish Small and Medium Enterprises Development Organization signed a memorandum on cooperation and…

Second batch of S-400 supplies to Turkey may begin in 2020 — defense official

Ankara expects that the second batch of Russia’s S-400 missile systems supplies to Turkey will begin in 2020, the head of Turkey’s Defense Industry Directorate,…

Turkish annual energy and core goods inflation rising in July – cenbank

Turkey’s central bank said on Wednesday that annual energy inflation is expected to rise in July due to an adjustment in electricity prices. Annual core…

Turkish construction faces stern challenge

The Turkish construction industry is currently facing multiple issues as it struggles to return to growth. One difficulty is that many are being affected by…

Turkcell Deploys Hyperscale Virtualized Carrier Grade Network Address

A10 Networks (NYSE: ATEN) today announced that Turkcell, the leading mobile and digital services operator in Turkey and the surrounding region, has adopted the company’s…

Turkish Bank UK partners with Token for PSD2 compliance

Turkish Bank UK has partnered with Token to provide third parties regulated, PSD2 compliant access to its UK retail and business customer accounts. By using…

Emirates NBD will support Denizbank if it needs capital increase -NBD CEO

Emirates NBD Group CEO Shayne Nelson said that the bank would support Turkey’s Denizbank if it needed a capital increase, as the Dubai-based bank completed…

The Turkish central bank continues to signal further cuts

The CBT has revised its 2019 inflation forecast down to 13.9%. It emphasised the importance of sustaining the disinflation process and its cautious monetary stance,…

Albayrak rates comments did not refer to Central Bank, ministry says

Turkey’s Treasury and Finance Ministry said on Wednesday that comments by Finance Minister Berat Albayrak about falling interest rates were referring to the overall trend…

BTK is expected to carry up to one million passengers

Baku-Tbilisi-Kars (BTK) railway contributes to increasing Azerbaijan’s role in the region. Today, there are close relations between Azerbaijan, Georgia and Turkey, which have already entered…

Cancellation of Baku-Ankara visa regime to increase flights to Azerbaijan – Turkish Airlines

The cancellation of the visa regime with Azerbaijan will increase the number of flights by Turkish Airlines to Azerbaijan, Director of Turkish Airlines’ Baku Office…

New seaport to be opened in Turkey

A new seaport called Yarimca will be opened in Korfez District of Turkey’s Kocaeli Province, the Ministry of Transport and Infrastructure of Turkey told Trend.…

Azerbaijan exported more than 7.527 billion cubic meters of gas to Turkey last year

Azerbaijan exported 770 million cubic meters of natural gas to Turkey in May 2019, becoming the country’s second largest gas supplier after Russia (894 million…

Turkey has no problems with NATO – FM

Turkey has no problems with NATO, Turkish Foreign Minister Mevlut Cavusoglu said commenting on the issue of supplying Russian S-400 anti-aircraft missile systems to Ankara,…

Turkey, Cambodia ink security cooperation pact

Cambodian interior minister pays official visit to Turkey, hails strong relations Turkey’s Interior Minister Suleyman Soylu on Tuesday signed a security cooperation agreement with his…

No immediate plans to buy Turkish arms, says Mat Sabu

Malaysia has no immediate plans to buy military equipment from Turkey which has offered to help the country develop a defence industry, Defence Minister Mohamad…

Turkey to send observation team to China’s Xinjiang for Uighur Turks

Turkey will send an observation team to China’s Xinjiang region, the Turkish foreign minister said on Tuesday after discussing the situation of Uighur Turks with…

Turkey to see lower interest rates: Finance minister

Turkey will see a downward trend in interest rates in the coming days, the country’s finance and treasury minister said on July 30. Turkey exhibited…

Turkey has alternatives, energy minister says, amid sanctions threats from EU

The Salt Lake natural gas underground storage facility, the largest gas storage project in the world, is the greatest response to those uttering sanctions threats…

Turkey and Pakistan’s mutually beneficial economic alliance

For 70 years and counting, Pakistan and Turkey have enjoyed a relationship that is deeply rooted in mutual respect, harmony and faith. A country like…

Over 1 ton of pangolin scales seized in Istanbul

Over a ton of scales from the endangered pangolin species were seized on Monday at Istanbul Airport, according to officials. Customs officers coordinated with Turkey’s…

Food price in Turkish capital up by 28 pct this year

A study conducted in the Turkish capital Ankara by a public workers’ union found an increase of 28 percent in food prices in the first…

$2.4 bln in investments receive incentives

The Industry and Technology Ministry issued incentive certificates for 501 investment projects in May. Those projects foresee a total of 13.6 billion Turkish Liras (some…

Turkish company reaches 6M automobiles production

Turkish carmaker Tofaş produced its six millionth automobile, a sedan model of the Fiat Egea family, it announced on July 29. The production of the…

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…