Economy and Finance
168 articles
Economy and Finance
Premium
FUND CRISIS HITS MARKETS
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
Economy and Finance
Premium
GOVERNMENT PREPARES REGULATORY OVERHAUL
The government is preparing comprehensive reforms across its financial regulatory bodies following the massive investment fund crisis that shook domestic markets.
Economy and Finance
Premium
EXPORTERS FEAR $350 BILLION CHINESE TRADE SHIFT
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.
Economy and Finance
Premium
FUEL PRICES SURGE AS GOVERNMENT PHASES OUT TAX RELIEF
The government has officially ended its sliding scale tax mechanism on fuel, triggering an immediate price hike at the pump.
Economy and Finance
Premium
A SLOW-MOTION FINANCIAL CRASH AND WARNINGS TURKEY IGNORED FUELS SPECULATIONS ABOUT ŞİMŞEK
For over a week, a single issue was on Turkey’s agenda: What happened to the money in the funds? Finance Minister Mehmet Şimşek, who had stayed silent on the crisis since it began and faced growing speculation that he would be fired, broke his silence on Sept. 24 to deny that he was leaving.
Economy and Finance
Premium
FRENCH EGIS NOW EYES BOSPHORUS BRIDGES
Foreign and domestic infrastructure companies are showing interest in the upcoming highway and Bosphorus bridge privatizations. French operator Egis is reportedly emerging as a leading contender for the 30-year operating rights.
Economy and Finance
Premium
TURKISH AIRLINES REANNOUNCES MAJOR BOEING DEAL
Turkish Airlines has agreed to buy up to 150 Boeing passenger jets in a landmark order made during Erdoğan’s trip to the United States.
Economy and Finance
Premium
NUCLEAR COOPERATION DEAL BETWEEN TURKEY AND US FOR SMRS
Turkey and the United States have signed a grant agreement to evaluate next-generation nuclear energy technologies, expanding bilateral cooperation in the energy sector.
Economy and Finance
Premium
NO APPARENT RISK OF GREY LIST FOR TURKEY
The Financial Action Task Force (FATF) has released its 5th Round Mutual Evaluation Report for Turkey, confirming that the country faces no risk of returning to the grey list, the Finance Ministry said.
Economy and Finance
GARANTI BBVA FINED 1.55 BILLION LIRA
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
Economy and Finance
EU IMPOSES NEW QUOTAS AND PRICE THRESHOLDS ON TURKISH STEEL
The EU is enforcing new temporary safeguard measures on some steel and related products imported from Turkey starting Sept. 25.
Economy and Finance
Premium
SAUDI ARAMCO INSPECTS OYAK’S FUEL NETWORK TO ENTER TURKISH MARKET
Saudi Aramco executives have inspected fuel facilities across Turkey owned by military pension fund OYAK, signaling advanced partnership talks to enter the retail fuel market.