Economy and Finance
168 articles
Economy and Finance
CENTRAL BANK RAISES YEAR-END INFLATION FORECAST TO 28 PERCENT
The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.
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A101 ACQUISITION OF CARREFOURSA TRIGGERS ALCOHOL SALES DEBATE
The acquisition of French grocery chain Carrefour's Turkish subsidiary, CarrefourSA, by A101's parent company Yeni Mağazacılık, owned by a religious conservative family, has sparked intense online debate over potential restrictions on alcohol sales.
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AKSA SIGNS 20-YEAR GAS POWER DEAL IN GHANA
Aksa Energy has signed a 20-year agreement with the Electricity Company of Ghana to build and operate a natural gas plant in Takoradi.
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AUTO MARKET SHRINKS, YEAR-END CONTRACTION MAY HIT 20%
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.
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INFLATION HITS TURKEY'S TOURISM ENGINE
Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.
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BOOKING.COM TO BE ALLOWED TO RESUME FULL OPERATIONS IN TURKEY
A new legislative proposal will allow the Netherlands-based online travel agency Booking.com to resume full operations in Turkey.
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US SLAPS 12.5% TARIFF ON TURKISH GOODS WHILE EXEMPTING ASIAN COMPETITORS
Turkish industrialists criticized a new United States’ decision to impose a 12.5% tariff on Turkish products under Section 301, warning that the move places key export sectors, especially textiles and apparel, at a severe disadvantage.
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LOSING WTO CASE OVER CHINESE EV CURBS
The World Trade Organization (WTO) has ruled against Turkey in a trade dispute brought by Beijing, declaring Turkish tariffs and severe import restrictions on Chinese electric and hybrid vehicles incompatible with global trade rules.
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HIGHWAY PRIVATIZATION AT A CROSSROADS: ONE BUNDLE OR SEPARATE PACKAGES
The government plans to privatize state-operated highways and bridges under a 25-year transfer of operating rights model, while officials weigh whether to sell the assets as a single bundle or divide them into separate packages.
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CENTRAL BANK HOLDS RATE AT 37% AS BUSINESS SECTOR DEMANDS CREDIT RELIEF
The central bank kept its benchmark policy rate unchanged at 37% during its Monetary Policy Committee meeting on July 23, matching market expectations. However, business leaders are increasingly complaining about high borrowing costs, tight credit restrictions, and falling industrial output.
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TURKEY EXPLORES NEW MINIMUM WAGE MODEL AMID WARNINGS OF CHAOS
Turkey is weighing the most radical overhaul of its wage-setting system in decades — and experts say it could unleash chaos.
Economy and Finance
TURKEY'S EV CHARGER COUNT TOPS 45,000 IN JUNE
The number of electric vehicle charging sockets across Turkey exceeded 45,000 in June, according to data released by the Energy Market Regulatory Authority (EPDK).