Economy of Turkey

One in three foreign companies founded in the first half of 2015 in Turkey are Iran and Syria-invested companies, according to data released by the Turkish Union of Chambers and Commodity Exchanges (TOBB) on July 20.

The nuclear deal with Iran is likely to re-energize the tired Turkish economy, but Ankara will only be able harness its potential long-term benefits if it can switch to a more flexible foreign policy. A coalition may be the only hope. Here is the reason in four points. 1. Trade volume set to increase

Turkey?s tax procedure code has been revised and will be in effect soon, said Finance Minister Mehmet ?im?ek. 

?We are about to finalize our revision on the drafted code. The number of articles has decreased from 521 to 321 in the Turkish tax procedure law thanks to the revision, which started two years ago,? ?im?ek said. 

An affiliate of Qatari-based television network Al Jazeera has acquired Turkish pay-tv platform and satellite network Digitürk, a statement from the companies said late on July 13.

A Turkish Airlines airplane traveling from Istanbul to London made an emergency landing in Belgrade late on Monday "because of a suspicious iPad."

Turkey?s gold imports decreased by 94.4 percent in June compared to the same month in 2014 and by 18.1 percent from May 2015 to 1.35 tons, as reported by Reuters. 

Turkey imported around 24 tons of gold last June due to a dramatic rise in gold demand during last year?s wedding season. 

Turkey's leading mobile phone operator, Turkcell, has signed an agreement to acquire a 44.96 percent stake in Euroasia Telecommunications Holding, which owns 100 percent of Astelit LLC, the Ukrainian mobile operator of "life:)".

Turkcell already has a 55 percent stake in the "life:)" brand in Ukraine.

A coalition government must be established immediately to revise the growth strategy of Turkish economy, which has made no headway for the last six years due to the problems with this issue, said head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) on June 25. 

The Finance Ministry has revealed Turkey’s 100 'tax champions' for 2014, with members of the Tara family and the Koç family topping the list. Here is the top 50

Turkey?s Finance Ministry has revealed its 100 tax champions of 2014, with members of the Tara family, owner of construction giant ENKA, and the Koç family finishing in prominent positions. 

Some 38 names in the top 100 list asked to remain anonymous in 2014, one of the highest in recent years.