Istanbul Metropolitan Municipality: Cancellation of Land Reserve and Environmental Plan for Canal Istanbul Project

The announcement regarding the reserve construction area and the decision to change the environmental planning scheme at a scale of 1/100,000 related to the Canal...

Summary Insights on the Markets

Forex -

Market Summary Information

• December 25, 2024

Borsa İstanbul Equity Market

BIST 100 Index Closing 9,916.22

BIST 100 Daily Change 243.46

BIST 100 D...

Market Outlook - Stock Exchange Ends Day with Strong Buying Activity

Forex - The BIST 100 index closed the day with an increase of 243.47 points at 9916.22. According to the Forex News survey, the BIST 100 index was expected to clo...

The Central Bank of Turkey to Continue Efforts in Improving Reserve Composition

Forex - The Central Bank of the Republic of Turkey (CBRT) announced that efforts to improve the reserve composition will continue in 2025. The CBRT published the ...

Central Bank of Turkey's Monetary Policy Statement: Continuation of Simplification Steps Planned

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee plans to continue simplification steps and to phase out the KKM application within the...

Central Bank of Turkey's Monetary Policy Committee to Hold 8 Meetings in 2025

The Central Bank of the Republic of Turkey (CBRT) announced that eight meetings will be held in 2025. The CBRT published the "Monetary Policy Text for 2025." Acco...

Central Bank of Turkey Releases 2025 Monetary Policy Document

Forex - The Central Bank of the Republic of Turkey (CBRT) has published its 2025 Monetary Policy Document.

Administrative Fines Under the Energy Efficiency Law Increased by 43.93%

The Ministry of Energy and Natural Resources has increased the administrative fines to be applied under the Energy Efficiency Law by 43.93%, effective January 1, ...

Positive "Environmental Impact Assessment" Decision Issued for Toros Agricultural's Quarry and Crushing Screening Facility Capacity Expansion Project

Foreks - An "Environmental Impact Assessment (EIA) positive" decision has been made regarding the limestone quarry and crushing-screening facility capacity increa...

IDK Meeting on North Pipeline's Solar Energy Project Scheduled for January 6th

The Environmental Impact Assessment (EIA) meeting regarding the Solar Power Plant project with a capacity of 10 MWe/12,980 MWm, planned to be carried out by Kuzey...

Japan Airlines Hit by Cyber Attack

Japan Airlines reported that it was targeted in a cyberattack on its systems this morning, which could affect both domestic and international flights. JAL stated ...

Japan Plans Record Budget with Increased Defense Spending

Forex - Japan plans a record budget with increased defense spending.

Halkbank Becomes the Leader of North Macedonia

Foreks - Halkbank (IS:HALKB), which started banking operations in North Macedonia 12 years ago, quickly became one of the leading banks in the country. According ...

TANKER REPORT - Two Tankers Departed from Ceyhan BTC Port

Foreks - Two tankers have completed loading at the Ceyhan BTC Terminal, marking the second step in delivering oil from Azerbaijan via the Baku-Tbilisi-Ceyhan (BTC...

Japan's Crude Steel Production Expected to Decline by 2.4% from January to March

Foreks - Japan's crude steel production is expected to decline by 2.4% in the January-March quarter compared to the previous year. The Ministry of Economy, Trade ...

Chinese Casting Companies Agree to Lower Copper Processing Fees for Q1

Reports indicate that China's leading copper smelting facilities have agreed on processing fees for the first quarter of 2025 at a lower price than the current qu...

TANKER REPORT - 14 Tankers to Transit Through the Dardanelles and Bosphorus Straits

Foreks - There are no issues with transit passages through the Istanbul and Dardanelles Straits, which are the most important routes for transporting oil from cou...

TANKER REPORT - 39 Tankers Located in Black Sea Ports

According to a report prepared by Tribeca Maritime Services and shared via email, there are a total of 39 tankers currently in the Black Sea, which is the first s...

Japan's Copper Exports Surge by 20.3% in November

According to Japan's Ministry of Finance, refined copper and copper cathode exports increased by 20.3% in November compared to the same period last year. In Novem...

MARKET WATCH - Iron Ore Rises Amidst Hopes for Chinese Stimulus and Pre-Holiday Stockpile Increase

Forex - Iron ore futures rose due to increased investor sentiment stemming from ongoing hopes that China will implement more stimulus measures and the country's s...

SASA Initiates Pilot Production at the PTA Facility and Achieves Initial Trial Outputs

Foreks - SASA (IS:SASA), has completed the procurement of raw materials necessary for the production phase at its Purified Terephthalic Acid (PTA) facility, which...