News
AJet aims to serve as 'air bridge' for health tourism: Bolat
3+ hour, 19+ min ago T'rkiye's low-cost carrier, AJet, aims to contribute to the country's health tourism by building a strong "air bridge" and adding another $1.5 billion (TL 64.12 billion) to the sector's annual revenue, according to Ahmet Bolat, chairperson of the Board of Turkish Airlines…...
Bank of Japan hikes key rate to 30-year high: What to know
2+ day, 2+ min ago The Bank of Japan (BOJ) raised its key policy rate on Friday to levels unseen in 30 years, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs. The 0.25 percentage point hike took the BOJ's benchmark…...
Turkish consumer confidence slips in December
2+ day, 3+ hour ago Consumers in T'rkiye expressed a more pessimistic attitude at the end of the year, according to a survey released on Friday. The consumer confidence index dropped by 1.8% to 83.5 in December, the survey carried out by the Turkish Statistical Institute (TurkStat)…...
US inflation unexpectedly eases to 2.7% in November
2+ day, 23+ hour ago U.S. consumer inflation unexpectedly dropped more than expected in November, delayed government data showed Thursday, although levels remained higher than earlier in the year before President Donald Trump's tariffs flowed through the economy. The consumer price index (CPI) climbed 2.7% from a…...
BoE lowers rates in another tight vote, ECB stays on hold
2+ day, 23+ hour ago The Bank of England cut its key interest rate to 3.75% on Thursday after U.K. inflation eased more than expected, while the European Central Bank (ECB) held interest rates steady for its fourth meeting in a row. "We've passed the recent peak…...
Inflation could come in lower than projected in December: CBRT
3+ day, 1+ hour ago Leading indicators imply that inflation could remain lower than projected this month as a favorable course in food prices continues, the Turkish central bank said on Thursday. In the minutes of last week's policy-setting meeting, where it cut its key…...
Turkish contractors aim for new markets in 2026: Association head
3+ day, 2+ hour ago Turkish contractors will continue their goal of expanding into new markets in 2026 while preserving traditional markets, according to a head of the top sector association on Thursday. At the same time, investments, especially in Portugal, Iraq, Saudi Arabia and Syria,…...
Türkiye’s short-term external debt edges down to $165.7B in October
3+ day, 4+ hour ago T'rkiye's short-term external debt stock fell slightly to $165.7 billion (TL 7.08 trillion) at the end of October, according to official data released by the Turkish central bank on Thursday. The figure was down by $21 million from September's $169.8 billion, data from the…...
Türkiye secures around $8.4B in external funding for 2023 quake region
3+ day, 4+ hour ago The total amount of external financing mobilized for T'rkiye's earthquake-hit southeastern region has reached about $8.4 billion (TL 358.89 billion), Treasury and Finance Minister Mehmet "im'ek said Thursday. The minister also suggested that Ankara has secured $16.5 billion in external financing at favorable…...
Türkiye turns to 2nd meeting in talks on 2026 minimum wage hike
4+ day, 1+ hour ago A commission tasked with setting the national minimum wage in T'rkiye is due to hold its second meeting on Thursday, as talks over next year's pay raise continue without the participation of officials representing workers. The minimum wage adjustment will…...