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Ceyda Caglayan

Turkish citizenship offer, weak lira draw foreign property buyers

Apr 18 2019

ISTANBUL, April 18 Turkey's slumping housing market is getting some support from foreign property investors, especially from the Gulf region, who are drawn by the weak lira and a government effort to ease the path to Turkish citizenship.

Turkish Airlines aims to spread its wings at Istanbul's giant new airport

Apr 04 2019

ISTANBUL After three false starts and a labor protest over harsh working conditions, Turkey will fully open a new airport in Istanbul this week that will give its fast-growing flagship airline a platform to challenge Gulf rivals for regional dominance.

Turkish cities could become 'graveyards' with building amnesty, engineers say

Feb 26 2019

ISTANBUL A Turkish government amnesty on unregistered construction work is endangering lives, engineers and architects warned after an illegally extended residential building collapsed in Istanbul and killed 21 people. | Video

Turkey's Babacan Holding to invest in energy, logistics

Feb 22 2019

ISTANBUL, Feb 22 Turkish real estate and construction company Babacan Holding is planning to invest 200 million euros ($227 million) in geothermal energy and 120 million lira ($23 million) in the logistics sector, the company's chairman said on Friday.

Pharmacy stocks run low as Turkey's drug price policy hits supplies

Feb 06 2019

ISTANBUL The shelf of heart disease drugs in Hulya Akpinar's Istanbul pharmacy is almost bare, and patients seeking medicine for blood pressure and diabetes leave empty-handed.

RPT-EU takes aim at Turkish steel sector already buckling under Trump tariffs

Jan 18 2019

* Turkish mills had already slashed output due to U.S. tariffs

EU takes aim at Turkish steel sector already buckling under Trump tariffs

Jan 17 2019

LONDON/ANKARA The European Commission's move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight of U.S. tariffs, to cut production further or in some cases close down, sources said.

Turkey cuts investment levels for citizenship, property sales seen boosted

Sep 19 2018

ISTANBUL Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, in a move expected to double annual property investment by foreigners to around $10 billion, according to sector officials.

UPDATE 3-Turkey rules property sales, rental agreements must be in lira

Sep 13 2018

ISTANBUL, Sept 13 Turkey ruled on Thursday that property sales, rental contracts and leasing transactions must be made in lira from now on, halting the use of foreign currencies for such deals in a fresh step to support the ailing local currency.

As lira tumbles, Turkey requires exporters to convert revenue to lira

Sep 07 2018

ISTANBUL Turkey has required exporters to convert the bulk of their overseas revenue into lira, a surprise move designed to support the tumbling currency, but one that industry officials say could lead to losses for manufacturers.

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