BETAM Anticipates a 1.2% Contraction in GDP for the Third Quarter

Forex - BETAM expects the Turkish economy to contract by 1.2% in the third quarter of 2024 compared to the same quarter of the previous year. According to the sta...

MARKET INSIGHT - The Rise in Natural Gas Prices in Europe May Provide Some Support for the Euro

Swissquote Bank analyst Ipek Özkardeskaya stated that the recent increase in natural gas prices in Europe could raise inflation in the Eurozone in the coming mont...

Investigation Launched into Fake Dollar Allegations: Official Institutions Respond

Istanbul Chief Public Prosecutor's Office has launched an investigation into the claims of counterfeit money printing and distribution centered in Istanbul, which...

Pope Francis to Visit Turkey in 2025, with a Trip to Nicea on the Agenda

According to a report, Pope Francis stated that he plans to visit the city of Iznik, Turkey, in 2025 to commemorate the anniversary of the first council of the Ch...

Tera Group Becomes Major Shareholder by Acquiring 60% Stake in Barikat Group

Foreks - Barikat Group has signed a strategic partnership agreement with Tera Group, known for its innovative works in technology and digital transformation. As p...

China Warns It Will Take 'Necessary Measures' If the U.S. Escalates Chip Restrictions

Foreks - China warned that it will take "necessary measures" to protect Chinese firms if the U.S. increases its chip control measures following reports that the B...

Two Significant Investments Completed at Eti Bakır's Samsun Smelting and Electrolysis Plant

Foreks - Eti Bakır has implemented significant investments at its Samsun Refining and Electrolysis Plant. The company has started to produce the balls used in the...

TBB: 74,000 Women Entrepreneurs Secured 67 Billion TL in Loans from July to September

According to the Turkish Banking Association, in the period from July to September, 74,000 women entrepreneurs received loans amounting to 67 billion TL. Of the ...

Bolat: We Will Continue to Effectively Utilize Trade Policies to Protect Our Domestic Producers

The Minister of Trade, Ömer Bolat, stated that the government is reaping the fruits of its economic program.

Speaking through X, Bolat said, "Promising positive...

AKEDAŞ Electricity Wins “Digital Transformation of the Year” Award in the Energy Distribution Sector

Foreks - The SAP Digital Transformation Awards, presented by SAP Turkey annually to the most successful digital transformation projects in Turkey, awarded the "Di...

Söke’s Brand ChildGen Opens Turkey’s First Walkable Play-Dough Factory

Forex - ChildGen, a local play dough brand that acquired 60% of Söke in 2023, opens Turkey's first walkable play dough factory, offering children an educational a...

Headline: Central Bank: Necessary Checks and Updates Are Being Implemented to Combat Counterfeit Currency and Prevent Its Circulation

Foreks - The Turkish Banks Association (TBB) reported that necessary controls and updates for currency counting, counterfeit currency checks, and ATM machines are...

CBRT: We are Working in Coordination with Relevant Judicial Authorities to Combat Banknote Counterfeiting

The Central Bank of the Republic of Turkey (CBRT) announced that it is conducting necessary activities in coordination with the relevant judicial authorities to e...

BDDK Data: Credit Cards and Consumer Loans Rise, Decline in KKM Continues

According to the latest data published in the weekly bulletin by the Banking Regulation and Supervision Agency (BDDK), the banking sector is exhibiting different ...

Summary of the Central Bank of Turkey's Monetary Policy Committee Meeting Released

The summary of the meeting held by the Monetary Policy Committee of the Central Bank of the Republic of Turkey on November 21, 2024, has been published. During th...

After the Recent Surge, the $100,000 Bitcoin Expectation Strengthens Again

Bitcoin started the week with a decline, but recovered during yesterday's trading by surpassing the $95,000 level. The cryptocurrency fell to as low as $90,790 mi...

Sanica Isı Secures a €30.8 Million Order from an Overseas Client

Foreks - Sanica Isı received an order worth 30.8 million TL from a client located abroad.

In a statement to KAP, it was mentioned, "An order has been received f...

Yiğit Akü to Form Strategic Partnership with Ganfeng LiEnergy

Foreks - Yiğit Akü (IS:YIGIT) will establish a long-term strategic partnership for close collaboration with Ganfeng LiEnergy to expand the lithium market.

In th...

Altınkılıç Initiates Preliminary Talks for a Residential Project of Approximately 200 Apartments in Gömeç

Foreks - Altınkılıç has begun preliminary discussions for a housing project consisting of approximately 200 apartments on the land where the Gömeç facility was lo...

CBRT Reserves Decline by $45 Million

Forex - The Central Bank of the Republic of Turkey (CBRT) reserves showed a limited decrease of $45 million in the past week. According to the weekly data from th...

Turkey's Foreign Debt Payments This Year Reach $35 Billion 20.86 Million

Forex - Turkey's external debt payments this year reached 35 billion 020.86 million dollars. According to the data published by the Central Bank, in the week of N...