Economy and Finance
168 articles
Economy and Finance
APPAREL MAKERS TURN TO SYRIA AND UZBEKISTAN
Rising labor and production costs are forcing Turkish apparel manufacturers to seek new low-cost hubs, turning to Syria and Uzbekistan after previously expanding into Egypt.
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FUND CRISIS HAMMERS MARKETS, SPARKS INTERVENTION
The central bank and other regulator bodies stepped in to stabilize financial markets after alleged market manipulation, fraud and fund mismanagement sparked a major equity sell-off and corporate defaults.
Economy and Finance
NO MORE TAX BREAKS
The government will discontinue its 'sliding scale' fuel tax offset mechanism at the end of 2026, shifting focus toward boosting budget revenues ahead of potential elections in 2027 or early 2028.
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PROSECUTORS LAUNCH CRACKDOWN ON PRODUCE WHOLESALERS
Authorities have launched a judicial operation against major produce distributors, detaining scores of executive-level figures for artificially inflating wholesale fruit and vegetable prices amid high food inflation.
Economy and Finance
CHINESE TRAVEL PLATFORM PREPARES TURKEY ENTRY
Fliggy, Chinese tech giant Alibaba’s travel platform, is preparing to enter the Turkish market as parliament considers new legislation to regulate foreign digital booking platforms.
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PRO-GOVERNMENT YENİ ŞAFAK DEVOTES FULL FRONT PAGE TO BLASTING MEHMET ŞİMŞEK
The pro-government newspaper Yeni Şafak devoted its entire front page on Sept. 9 to a scathing critique of Finance Minister Mehmet Şimşek and his policies, urging immediate shifts including tax overhauls and fuel subsidies.
Economy and Finance
TREASON THEN, TARGET NOW: GOVERNMENT REVIVES BRIDGE PRIVATIZATION
The government has put the lucrative Bosphorus bridges and major state highways back on sale 14 years after cancelling a similar tender. The move comes as medium-term plans include significantly higher privatization revenue in the coming years.
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MEDIUM-TERM PROGRAM DROPS STRONG LIRA POLICY, FUELS ELECTION TALK
The government revealed its new Medium-Term Program (OVP) covering 2027–2029, outlining macroeconomic targets that analysts view as unusually realistic while hinting at election preparations for 2027.
Economy and Finance
CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37% AS EXPECTED
Turkey's central bank held its benchmark interest rate steady on Sept. 10, matching market expectations as energy cost pressures continue to pose risks to the inflation outlook.
Economy and Finance
NEIGHBORS SAY FORMER CENTRAL BANKER MAKES BODRUM LIFE MISERABLE
Hafize Gaye Erkan, who served for less than a year as Turkey’s first woman central bank governor, is under legal attack from neighbors in a luxury Bodrum resort who say she has made their lives unbearable.
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URGENT EXPROPRIATION ORDER FOR MASSIVE RARE EARTH DEPOSITS
The government has ordered the urgent expropriation of nearly 2.6 million square meters of land in the central province of Eskişehir to accelerate mining and build processing facilities for rare earth elements.
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ECONOMY GROWS 2.3% IN Q2, SLOWEST EXPANSION SINCE PANDEMIC
The economy grew by 2.3% year-on-year in the second quarter of 2026, extending its continuous growth streak to 24 quarters but missing market expectations of 2.8%.