Inci Ozbek

Turkey Taps Forex From Services to Bolster Currency Reserves  Bloomberg

Turkish engineering company Hidropar Hareket has raised 132 million liras ($7.4 million) in an initial public offering, according to a filing from Istanbul-based brokerage firm A1 Capital.

Turkey rolled out its first domestically-produced electric vehicle at a ceremony on Saturday as President Recep Tayyip Erdogan seeks to highlight economic successes ahead of elections next year.

Turkey’s Central Bank, under new Governor Hafize Gaye Erkan, is easing its security maintenance rule as its first step to simplifying policies designed to boost Turkish lira savings.

Turkish President Recep Tayyip Erdogan condemned Sweden for allowing someone to burn a Koran in central Stockholm, risking a repeat of tensions between the countries that previously derailed Sweden’s bid to join NATO.

Turkish Airlines is in talks with Airbus SE for what would be the biggest order in the carrier’s history if finalized.

Turkish telecommunications company Turkcell Iletisim Hizmetleri AS signed an agreement to sell its Ukraine units to NJJ Capital.

Turkey’s Peninsula Investments and Denon Partners have merged to create Peninsula Corporate Finance AS and plan to establish an investment bank within the next two years.