South

Turkey exempts state companies from some M&A restrictions

ANKARA, May 30 (Reuters) - Turkey’s markets regulator has exempted state companies from some merger restrictions to help them restructure following the coronavirus pandemic, according to a decree published in the Official Gazette on Saturday. State companies, whose shares...

Turkey says may begin oil exploration under Libya deal in three-four months

ANKARA (Reuters) - Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said...

Turkey sold $44 bln reserves to boost lira this year – bankers, data

LONDON, May 29 (Reuters) - Turkey’s state banks sold about $44 billion of hard currency in the first four months of this year and some $77 billion since the beginning of 2019 to support the lira, according to central...

Turkey’s Erdogan says many facilities to reopen on June 1

ISTANBUL (Reuters) - Turkey will lift restrictions on intercity travel and allow restaurants, cafes, parks and sports facilities to reopen from June 1 as it eases restrictions imposed to curb the coronavirus outbreak, President Tayyip Erdogan said on Thursday....

Turkey resumes intercity train services as coronavirus curbs ease

ANKARA (Reuters) - Turkey begun operating intercity trains on Thursday after a two-month gap, as it gradually eases coronavirus curbs in a bid to restore normal life and reopen an economy facing the threat of recession. To fight the...

Turkey hopes ‘healthy tourism’ scheme will conquer coronavirus slump

ISTANBUL (Reuters) - At a luxury hotel in Istanbul, staff in gloves and masks space out and disinfect tables as they prepare for a scheme which Turkey hopes will rescue part of its $35 billion tourism industry from the...

Turkish consortium could snap up Philips’ appliances division-Sabah

ISTANBUL, May 22 (Reuters) - A group of Turkish business associations is looking to buy the household appliances division of Dutch electronics giant Philips in a plan supported by Ankara, Turkish newspaper Sabah said on Friday. Philips said in...

Turkey imposes settlement delay on some gold purchases

ISTANBUL, May 21 (Reuters) - Turkey’s BDDK banking watchdog said on Thursday purchases of 100 grams of gold or more by individuals or corporates will be subject to a one-day settlement delay as of May 22. The BDDK said...

Turkey says low risk of second outbreak, opens to controlled tourism

ANKARA, May 20 (Reuters) - Turkey does not risk a second wave of infections from the new coronavirus at the moment, Health Minister Fahrettin Koca said, adding that Ankara was preparing to start what he called controlled health tourism...

MORNING BID-There’s no present, only the future

(A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.) A New Yorker columnist at the weekend asked the question that might have been on quite a few people’s minds:...

Latest News

Turkey rescues 32 asylum seekers in Aegean

BALIKESİR- Anadolu Agency Turkey rescued...

Pressure piles up on Turkey ahead of EU leaders’ meeting

ANKARA: European pressure is piling up on Turkey ahead of a meeting next week about the country’s activities in the eastern Mediterranean, with the European...

‘Iran, Turkey need to coop. against threats at joint border’

Iran's Deputy Interior Minister for Security Affairs Hossein Zolfaghari held a phone conversation with Turkish Deputy Interior Minister Mohtaram Injeh on Friday. During the phone...