Economy and Finance
168 articles
Economy and Finance
EU BAN ON DESTROYING UNSOLD CLOTHING COULD BENEFIT TURKEY
The European Union will begin implementing a ban on the destruction of unsold clothing as of July 19, 2026, and the Turkish textile sector, due to its geographic proximity and flexible production capabilities, expects the ban could be beneficial.
Economy and Finance
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GOVERNMENT’S INVESTMENT INCENTIVES DRAW CRITICISM OVER LEGAL CONCERNS
President Recep Tayyip Erdoğan has announced a comprehensive investment incentive plan, aimed at making Turkey a 'global attraction center,' but the plan drew criticism over the lack of enforcement of existing laws.
Economy and Finance
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GOVERNMENT TOURS EUROPE FOR TALKS ON PRIVATIZATION OF BRIDGES
A Turkish government delegation has been in talks across Europe with international investors for the privatization of Istanbul bridges and highways.
Economy and Finance
CARREFOURSA SOLD TO A101, LIFESTYLE DEBATE IGNITED
Sabancı Holding and Carrefour Nederland BV sold their majority stake in CarrefourSA to Yeni Mağazacılık A.Ş., the parent company of the discount giant A101, reigniting debate over alcohol sales and lifestyles.
Economy and Finance
CENTRAL BANK KEEPS INTEREST RATES UNCHANGED AMID INTENSIFYING POLITICAL PRESSURE
The central bank kept its benchmark policy rate unchanged at 37% on April 22, meeting the expectations of most analysts. The decision comes following intensified criticism of both the bank and Finance Minister Mehmet Şimşek, 59, from the business world and media outlets close to the government.
Economy and Finance
İŞBANK CEO CALLS FOR END TO GOVERNMENT’S INFLATION PROGRAM
The CEO of Turkey’s largest private lender, İşbank, called for an immediate departure from the government’s economic program, saying that global conditions have made the fight against inflation impossible.
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OUTGOING CENTRAL BANK DEPUTY GOVERNOR’S REMARKS SPARK POLITICAL BACKLASH
Internal friction among top economy officials came to light after a senior central banker dismissed the impact of political cycles on monetary policy. The remarks by Deputy Governor Cevdet Akçay triggered a sharp rebuke from pro-government figures and suggestions of a rift between the central bank and the Presidency.
Economy and Finance
TURKEY’S GREY LIST RISK FADES
Turkey is unlikely to return to the “grey list” of jurisdictions that don’t do enough to fight money laundering.
Economy and Finance
CENTRAL BANK SPENDS $23.5B IN TWO WEEKS TO DEFEND LIRA
The central bank spent approximately $23.5 billion in foreign exchange interventions during the first two weeks of the Iran war to defend the Turkish lira.
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NO DISINFLATION IN SIGHT AS ENERGY COSTS AND EXPECTATIONS SURGE
The government’s efforts to cool down the Turkish economy are falling short as rising energy prices and deteriorating market confidence push inflation targets out of reach.
Economy and Finance
EU SEEKS SHARE OF TURKEY’S PUBLIC PROCUREMENT IN EXCHANGE FOR MADE IN EUROPE STATUS
The European Union has requested full access to Turkey’s public procurement market as a condition for including Turkish goods under the 'Made in Europe' initiative.
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TURKEY LIKELY TO DELAY RATE CUTS DUE TO IRAN TENSION
The central bank may pause its easing cycle at the March 12 meeting amid growing uncertainty caused by the U.S. attack on Iran.