Inflation will soon ease: Central Bank governor

Antalya welcomes 9 million holidaymakers

Renault establishes new firm to enhance investments in Turkey

Turkey’s exports break new record last month

Turkish manufacturing activity continues rising in November

Minimum wage talks kick off in Ankara

Turkey replaces finance minister

President Recep Tayyip Erdoğan appointed a new finance and treasury minister on Dec. 2 after Minister Lutfi Elvan resigned, according to a presidential decree issued in the Turkish official gazette.

Central Bank intervenes in FX market

Turkey’s Central Bank on Dec. 1 intervened to prop up the value of the Turkish Lira.

Enerjisa inks $110 million green loan

The European Bank for Reconstruction and Development (EBRD) is extending a new Turkish Lira-denominated long-term loan equivalent to $110 million to Enerjisa Enerji, one of Turkey’s largest utilities, according to statements released on Nov. 30. 

Lenders rack up $7 billion in profits

The total net profit of 53 state-owned and private banks operating in Turkey in the first ten months of this year reached 66.1 billion Turkish Liras ($7 billion), the Banking Regulation and Supervision Agency (BDDK) announced on Nov. 29.

Kalyon inks $812 mln deal for mega project

Kalyon Enerji, the developer of the largest solar facility in Turkey, on Nov. 30 signed a $812 million loan agreement with six Turkish banks, U.S. lender JPMorgan Chase & Co and U.K. Export Finance (UKEF).

Eurozone inflation soars to highest rate on record

Soaring energy prices took eurozone inflation to its highest rate on record in November, official data showed on Nov. 30, challenging the European Central Bank’s resistance to tightening monetary policy earlier than planned.

Turkish economy’s growth rate hits 7.4 pct

Turkey’s economy grew 7.4 percent year on year in the third quarter of 2021, meeting expectations on the strength of retail demand, manufacturing and exports, according to official data announced on Nov. 30.

Economic confidence skids in November

Turkey’s economic confidence index posted a decline for the second month in a row this month, according to the Turkish Statistical Institute (TÜİK).

Omicron variant raises new fears for pandemic-hit world economy

Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions.

Thousands throng border city for festivities, shopping

Edirne, a northwestern province of Turkey located near the Bulgarian and Greek borders, seems to be having one of the best times of this year with its exciting social activities and tourists densely flowing into the city.

Global tourism sees upturn in 3rd quarter

The uplift in demand is driven by increased traveler confidence amid rapid progress on vaccinations and the easing of entry restrictions in many destinations, including Turkey, UNWTO says

Foreign trade deficit shrinks 40 pct in October

Turkey's foreign trade deficit shrank by 40.1 percent to stand at $1.44 billion in October, the Turkish Statistical Institute (TÜİK) said on Nov. 29.