Central Bank announces interest rate decision
The Central Bank left the policy rate unchanged at 50 percent, in line with market expectations.
23 May, 2024
Minister Simsek Turkish lira still a bit weak but volatility has disappeared
Treasury and Finance Minister Mehmet Şimşek pointed out that monetary policies continue to be implemented in a stable manner and said, “The Turkish lira is still a bit weak, but the volatility has disappeared.”
23 May, 2024
RA announced: New measure against tax evasion. Complaints will be collected
In the new period, complaints can be made via social media and messaging applications for those who request payment with IBAN and do not issue invoices.
23 May, 2024
Approximately 108 million TL fine for deceptive advertisements and activities
The Ministry of Commerce announced that a total of 107 million 883 thousand 569 TL administrative fine of 107 million 883 thousand 569 TL was imposed in addition to suspension penalties on 664 files that were found to be deceptive advertisements or unfair commercial practices.
23 May, 2024
Stock market closes at record high
Tea sector inspected
President Kasapoğlu did not leave companies from Denizli alone
Mehmet Şimşek announced: Finance will be taught in schools
Yapı Kredi statement from Koç Holding
21 May, 2024
Bitcoin hits a record high… Close to 71 thousand dollars
Following the news that exchange-traded fund (ETF) applications for cryptocurrency Ethereum will be approved, the price of Bitcoin approached 71 thousand dollars, while the price of Ethereum increased by more than 18 percent to more than 3 thousand 600 dollars.
21 May, 2024
Spot LNG price in Asia hits 5-month high
Spot LNG prices in Asia gained 10% in the last one week and traded at a 5-month high.
21 May, 2024
Russia and China’s gold reserves rise
China and Russia continue to increase their gold reserves every day to reduce the impact of the US dollar.
21 May, 2024
40.3 million citizens owe 3.1 trillion TL
Citizens, who have suffered a great loss in purchasing power due to high inflation and the depreciation of the Turkish lira, are loading up on loans and credit cards.
20 May, 2024
Silver’s market capitalization surpasses Bitcoin by $500 billion
Silver made an impressive comeback against Bitcoin (BTC), overtaking the cryptocurrency as the 8th largest asset by market capitalization after losing its position in March.
17 May, 2024
TESK President Palandoken: “Tradesmen are not the cause of the rise in interest rates in the market”
Bendevi Palandöken, Chairman of the Confederation of Tradesmen and Craftsmen (TESK), said “tradesmen are not the cause of the rise in interest rates in the market”
16 May, 2024
World Bank and Turkey reach $1 billion deal
The Turkish Government, the World Bank and Turkish development banks have signed an agreement for a US$1 billion program.
15 May, 2024
Budget deficit was 177.8 billion lira in April
Ministry of Treasury and Finance released central government budget statistics for April.
14 May, 2024
70 percent increase in construction costs in one year
Construction costs rose by 69.98 percent year-on-year in March. The prominent factor in the rise in costs was the 108.04 percent increase in labor wages
14 May, 2024
Despite monthly decline in industrial production, annual increase continues
Industrial production index decreased by 0.3 percent on a monthly basis in March, but increased by 4.3 percent on an annual basis.
