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Ceyda Caglayan

Turkish credit card payments' cap could hit travel sales - travel agents

17 Jan 2020

ISTANBUL, Jan 17Turkish travel agencies' international sales could fall after the country's banking watchdog halved the maximum number of instalments for repayment of credit card spending abroad, sector representatives and agents said.

Turkish budget deficit leapt 70% in 2019 on government spending

15 Jan 2020

ISTANBUL Turkey's budget deficit jumped 70% last year as the government boosted spending before local elections in the face of a recession, while aggressive monetary stimulus gave the housing market a big boost heading into the new year.

Turkey aims to sign deal with Libya over Gaddafi-era compensation

10 Jan 2020

ISTANBUL Turkey plans to sign by February a preliminary $2.7 billion compensation deal for work carried out in Libya before the 2011 civil war, a sector official said, seeking to revive stalled Turkish business operations in the conflict-ridden country.

Turkish tourism sector faces pressure due to higher costs, new taxes

02 Dec 2019

ISTANBUL Turkey's tourism industry, a key pillar of the economy, could struggle to reach visitor and revenue targets in coming years after two new taxes come into force and sharp increases in costs continue to pressure businesses, tourism companies say.

Turkish steel companies' profits pressured by a shrinking market, trade wars

08 Nov 2019

ISTANBUL Share price targets of Turkish steel companies have declined due to expectations of continued weakness in the final quarter after profit margins narrowed in the third due to a shrinking market, trade wars, concerns over global economic growth and a sharp fall in product prices.

Turkish steel companies' profits pressured by a shrinking market, trade wars

08 Nov 2019

ISTANBUL, Nov 8 Share price targets of Turkish steel companies have declined due to expectations of continued weakness in the final quarter after profit margins narrowed in the third due to a shrinking market, trade wars, concerns over global economic growth and a sharp fall in product prices.

UPDATE 1-Istanbul Airport operator mandates Dome Group to refinance project loans

05 Nov 2019

ISTANBUL, Nov 5 Turkey's Istanbul Airport operator IGA mandated London-based Dome Group for the refinancing of loans it took out for the investment, the company told Reuters on Tuesday.

Istanbul Airport operator mandates Dome Group to refinance project loans

05 Nov 2019

ISTANBUL, Nov 5 Turkey's Istanbul Airport operator IGA mandated London-based Dome Group for the refinancing of loans it took out for the investment, the company said in a statement to Reuters on Tuesday.

UPDATE 3-Turkish lira trims losses but worries over Syria persist

08 Oct 2019

ISTANBUL, Oct 8 Turkey's lira recovered on Tuesday after sinking to its weakest point in more than a month, helped by upbeat comments from President Donald Trump, but investors still worried about the fallout from Ankara's planned incursion in northeast Syria.

Turkey will make up for tourists lost in Thomas Cook collapse: minister

27 Sep 2019

ISTANBUL Turkey will be able to make up for the number of tourists lost after Thomas Cook collapsed earlier this week, Tourism Minister Mehmet Ersoy said on Friday, announcing that several airlines are expected to increase flights to the country.

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