Category: Economy
Turkish taxpayers will fork out 323 million ($60 million) over the next three years to subsidise a $1.2 billion tunnel under the Bosporus that has been underused, according to the international edition of Haber Sol. ...
This photograph taken on September 28, 2018, shows a fisherman at work beside waterside mansions on the Bosphorus River coast on the Asian side of Istanbul. They are among the most iconic sights of Istanbul ...
The same day Turkey’s central bank turned down President Recep Tayyip Erdogan’s exhortations to cut interest rates, the parliament granted him emergency powers to act as he sees fit in the event any “negative development” threatens the country’s ...
(CNN) — Picture the scene: rows of identical, palatial turreted buildings, surrounded by rolling hills and woodland. No, this isn’t the beginning to the latest Disney movie — it’s more eerie than that: all of these ...
Financial services holding company, Citigroup Inc. (Citi) said in a report on Thursday that the Turkish economy will face a 3.4 percent contraction in 2019, Dünya newspaper reported. Earlier this month, Citi convened a conference on ...
By: Zulfikar Dogan The latest figures released by the Banks Association of Turkey (TBB)’s Risk Centre reveal a grave situation as the flow of cash and payments on the markets dries up and debtors find ...
Turkey and the United States have discussed returning a jailed executive from state-owned lender Halkbank to Turkey where he can serve out the remainder of a sentence from an Iran sanctions-busting case, Foreign Minister Mevlüt ...
The sharp depreciation of the Turkish lira forced LeasePlan, a full service leasing giant based in Netherlands, to take a €73 million hit, causing a 48 percent decline in net profits, according to the CEO ...
Photo by M. B. M. (Unsplash) Chief executive officers of leading holdings in Turkey have expressed pessimism about the future of their companies due to uncertainty over the Turkish economy, saying that they will cut ...
Turkish budget does not reliably reflect government’s preferences By: Eser Karakas Budgets are important political documents, but this importance is mostly due to the fact that they reflect public-political preferences in democratic constitutional states. Budgetary ...