Economy

Economy Minimum wage in Türkiye raised 30 pct

Minimum wage in Türkiye raised 30 pct
Economy Goldman Sachs expects Central Bank to keep rates on hold

Goldman Sachs expects Central Bank to keep rates on hold
Media assets of Ciner Yayın Holding sold to Can Holding

Media assets of Ciner Yayın Holding sold to Can Holding

Park Holding has announced that it has agreed to sell shares in its Ciner Yayın Holding to Can Holding to focus mainly on its core business.
Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Fiba’s Kavram Enerji obtains $42 million loan from EBRD

Fiba’s Kavram Enerji obtains $42 million loan from EBRD
ECONOMY Growth potential still high, disinflation continues: Şimşek

Growth potential still high, disinflation continues: Şimşek

The Turkish economy still has a growth potential and may join high-income countries within a year or two, Finance Minister Mehmet Şimşek has said, adding that disinflation has begun and is continuing.
ECONOMY Türkiye could draw $13.5 billion in investments: YASED head

Türkiye could draw $13.5 billion in investments: YASED head

Türkiye’s efforts to achieve economic stability could unlock $13.5 billion in the next six months, potentially boosting the country’s share of global investments to 1.5 percent, according to Engin Aksoy, head of the Turkish International Investors Association (YASED).
ECONOMY Wage talks for millions of workers near conclusion

Wage talks for millions of workers near conclusion

A commission of workers, employers and government representatives will meet for the last time on Dec. 26 or Dec. 27 to conclude talks on the minimum wage, Labor and Social Security Minister Vedat Işıkhan has said.
Yandex launches AI tailored service for Turkish users ECONOMY

Yandex launches AI tailored service for Turkish users
Luxury Western goods still line Russian stores despite sanctions ECONOMY

Luxury Western goods still line Russian stores despite sanctions
Carmaker Toyota to build Lexus EV plant in China: Reports ECONOMY

Carmaker Toyota to build Lexus EV plant in China: Reports
El Salvador Congress votes to end ban on metal mining ECONOMY

El Salvador Congress votes to end ban on metal mining
Japan, US blame North Koreans for crypto theft ECONOMY

Japan, US blame North Koreans for crypto theft
Price hikes in best-selling cars cannot keep up with inflation ECONOMY

Price hikes in best-selling cars cannot keep up with inflation
Honda and Nissan to launch merger talks ECONOMY

Honda and Nissan to launch merger talks

Japanese auto giant Honda and its struggling rival Nissan agreed Monday to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles.
Input costs in agriculture rise 33 percent annually: Data ECONOMY

Input costs in agriculture rise 33 percent annually: Data

The agricultural input price index (Agricultural-IPI) increased by 32.59 percent annually in October, accelerating from the 31.8 percent rise in the previous month, data from the Turkish Statistical Institute (TÜİK) showed on Dec. 23.
Crude steel production at 3 million tons in November ECONOMY

Crude steel production at 3 million tons in November

Türkiye’s crude steel production increased by 0.7 percent in November from a year ago to 3 million tons, while global output rose 0.8 percent.
Misinformation and online threats after US CEO slaying ECONOMY

Misinformation and online threats after US CEO slaying

A U.S. health boss's murder sparked a torrent of online misinformation and calls for violence against other executives, suggesting a failure of social media moderation that analysts fear could translate into real-world harms.
Malaysias 1MDB sues Amicorp Group for alleged fraud ECONOMY

Malaysia's 1MDB sues Amicorp Group for alleged fraud

Malaysia's 1MDB said on Monday it was suing corporate services provider Amicorp Group and its CEO Toine Knipping for more than $1 billion for allegedly facilitating more than $7 billion in fraudulent transactions over a five-year period.
Turkish companies keep close eye on developments in Syria ECONOMY

Turkish companies keep close eye on developments in Syria

Turkish companies are closely monitoring developments following the fall of the Bashar al-Assad regime to assess the policies the new Syrian government will adopt to revive the country’s devastated economy.
Türkiye to receive larger foreign capital: Chamber head ECONOMY

Türkiye to receive larger foreign capital: Chamber head

Türkiye is expected to receive larger foreign capital and resource inflows next year as its economy becomes increasingly more stable and incentives investors, according to Erdal Bahçıvan, chairman of the board of directors of the Istanbul Chamber of Industry (İSO).

Local textile industry facing challenges in export markets ECONOMY

Local textile industry facing challenges in export markets

The Turkish textile and ready-to-wear industries are facing challenges in their main export markets, according to Ahmet Öksüz, president of the Istanbul Textile and Raw Materials Exporters’ Association (İTHİB).

Turkish Airlines hopes to bring more tourists from Chile ECONOMY

Turkish Airlines hopes to bring more tourists from Chile

Betting on the popularity of the Turkish TV series among Chilean viewers, the flag carrier Turkish Airlines last week launched flights to Santiago, hoping to bring more tourists from the South American nation.

Credit card payments increase 78 percent in November ECONOMY

Credit card payments increase 78 percent in November

Credit card payments rose by 78 annually in November, topping 1.3 trillion Turkish Liras ($37.2 billion), according to the Interbank Card Center (BKM).

Central Bank expected to cut key interest rate this week ECONOMY

Central Bank expected to cut key interest rate this week

The Turkish Central Bank is expected to start the easing cycle this week after keeping the key policy rate steady for eight months.

Trump threatens to take back control of Panama Canal ECONOMY

Trump threatens to take back control of Panama Canal

Incoming U.S. president Donald Trump has slammed what he called unfair fees for U.S. ships passing through the Panama Canal and threatened to demand control of the waterway be returned to Washington.