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Turkey’s Private Sector Concerned Over Protracted Emergency Rule
Rahmi Koc, the honorary president of Koc Holding Business Group, the largest business conglomeration in Turkey, said last month that his family was mulling to move some investments abroad,…
Turkey Unveils Canal Istanbul Project to Reduce Sea Traffic Through Bosporus
The Turkish government has finally unveiled the route plans of a new canal for Istanbul to reduce shipping traffic through Bosporus.
The new canal is a hugely ambitious 45 kilometer (28…
Inflation Still Remains a Headache For Turkish Authorities Despite Late Ease
The high inflation remains to be a headache for Turkish authorities in Ankara despite a slight ease in December, a decline from record-high to 12 percent.
Inflation in Turkey eased…
Erdogan Opens Turkey’s First Driverless Metro Line in Istanbul
Turkish president opened Turkey's first driverless metro line in Istanbul, in a ceremony with great pomp and grandeur as thousands flocked to the opening.
President Erdogan on Friday…
Lawmaker: Gov’t Members Seize Private Jets in Post-Coup Wealth Grab
"Every minister uses a private jet for their personal affairs. They travel with taxpayer-funded jets for trips at home and abroad," an opposition lawmaker decried during a speech in…
Turkey’s Eye-Catching Economic Growth Masks Potential Risks
Turkish economy saw a stunning, eye-catching 11 percent growth in the third quarter of this year, surpassing even the most optimist forecasts.
For President Recep Tayyip Erdogan, it was…
Defying Forecasts, Turkish Economy Grows 11 Percent in 3rd Quarter
Amid signs of brewing crisis, Turkey's economy has proved to be resilient and defied forecasts by international observers. The Turkish economy grew by an eye-catching 11.1 percent in the…
Zarrab: Erdogan’s Son-In-Law Demanded Revival of Iran Gold Trade
Turkish-Iranian gold trader Reza Zarrab whose cross-examination at a high-profile U.S. case in New York City ended this week said Berat Albayrak, the son-in-law of President Recep Tayyip…
Erdogan Retracts Threatening Remarks About Moving Assets out of Turkey
In a rare act of turnaround, President Recep Tayyip Erdogan retracted his threats against businessmen over moving assets out of the country and said Turkey is an open market economy with no…
Erdogan Calls Businessmen Moving Assets out of Turkey As ‘Traitors’
President Recep Tayyip Erdogan castigated some of the Turkish businessmen as "traitors" for attempting to move their assets out of Turkey amid looming signs of a potential economic crisis.…