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Economy &
Politics
Foreign media
Money Markets
📉 TCMB Net Reserves Decrease by $243 Million
The Central Bank of Turkey’s net international reserves fell by $243 million, reaching $38.6 billion. This decline highlights the ongoing...
Apr 24
🏠🚗 Auto Sales Rise, Housing Slows in March Amid Cost Shifts
In March 2025, Turkey saw a divergence in key markets. Auto sales rose 12% monthly, driven by easing credit for domestically produced...
Apr 23
Bitcoin Surpasses $90,000 for the First Time Since March
Bitcoin’s price surged past $90,000, marking its highest level since March. The cryptocurrency’s rally is attributed to increased...
Apr 23
Inflation Expectations Rise Among Turkish Consumers
A recent survey indicates that Turkish consumers anticipate higher inflation rates over the next 12 months. The expectations are...
Apr 20
Inflation Accounting, Slowdown Slash Turkish Dividend Payouts
Dividend payouts on the Turkish stock exchange dropped by ₺30 billion this year. Companies face falling profits due to inflation...
Apr 20
BNY Mellon Warns of Overextended Foreign Investment in Turkish Assets Amid High Risks
The Bank of New York Mellon has cautioned that foreign investment in Turkish assets may be overextended, with investors potentially...
Jul 30, 2024
“Sharp Decline in Credit Card Cash Withdrawals After Interest Rate Hike”
Credit card cash withdrawals, which had a strong start to the year, sharply declined in the second quarter. Following a mid-March...
Jul 30, 2024
Garanti BBVA Surpasses Expectations in Q2 Profit
Garanti BBVA reported a net profit of 21.84 billion TL for the second quarter of 2024, exceeding expectations of 19.2 billion TL by 14%....
Jul 30, 2024
CBRT Deputy Governor Akçay: Rate Cut Cycle Not Under Consideration
Turkey’s Central Bank Deputy Governor Cevdet Akçay stated in a Reuters interview that a rate cut cycle is not currently being considered....
Jul 26, 2024
Rönesans Holding Signs Share Transfer Agreement to Acquire Rabobank
Rönesans Holding has signed a share transfer agreement to acquire all shares of Rabobank AŞ from Rabobank International Holding B.V....
Jul 24, 2024
Politics
🤝 Minister Şimşek Meets IMF Chief Georgieva
Turkey’s Finance Minister Mehmet Şimşek met with IMF Managing Director Kristalina Georgieva in Washington. The meeting focused on...
Apr 24
Şimşek: “We Expect Low Exchange Rate Pass-Through”
Şimşek highlighted the disinflation policy and noted that weak domestic demand will likely result in limited exchange rate pass-through,...
Apr 23
📉 IMF Lowers Turkey’s 2025 Current Account Deficit Forecast
The IMF revised Turkey’s current account deficit forecast for 2025 to -1.2% of GDP, down from the previous -2.1%, reflecting expectations...
Apr 23
Turkish Lira Weakens Against Dollar Amid Global Market Volatility
The Turkish lira depreciated to 23.5 against the U.S. dollar, influenced by global market fluctuations and domestic economic indicators....
Apr 20
Turkey’s Central Bank Holds Rates Steady Amid Inflation Concerns
The Central Bank of Turkey maintained its benchmark interest rate at 45%, citing persistent inflationary pressures. Analysts interpret...
Apr 20
Tax Inspection on Jewelers by the Ministry of Finance
Following Minister Mehmet Şimşek’s statement that the average monthly tax base declared by a jeweler is 16,046 lira, the Ministry of...
Jul 31, 2024
Goldman Executive Speaks to ECONOMI: Expectation for Interest Rate Cut by TCMB in September Continues
Clemens Grafe, Managing Director and Co-Head of CEEMEA Research at Goldman Sachs, stated that investor interest in Turkey has certainly...
Jul 30, 2024
JPMorgan Predicts Rate Cuts by TCMB in October or November
Mustafa Bağrıaçık, Senior Turkey Director at JPMorgan Chase & Co., has shared the forecast that the Central Bank of the Republic of...
Jul 30, 2024
Turkey Leads in Wealth Growth in UBS Report
According to UBS’s Global Wealth Report, Turkey saw a remarkable 158% growth in wealth per adult in local currency terms between 2022 and...
Jul 24, 2024
CBRT Ends Swap Deal with Saudi Arabia
The Central Bank of the Republic of Turkey (CBRT) announced that the $5 billion swap deal with the Saudi Fund for Development has been...
Jul 24, 2024
Foreign media
🇺🇸 Trump Signals Potential Tariff Reduction with China
Former US President Donald Trump indicated the possibility of reducing tariffs on Chinese imports, aiming for a fair trade agreement....
Apr 24
💻 IBM’s Q1 Revenue Rises by 1% to $14.54 Billion
IBM reported a 1% year-over-year increase in first-quarter revenue, totaling $14.54 billion. The growth was driven by strong performance...
Apr 24
EU Fines Apple and Meta €700M in Landmark Antitrust Move
The EU imposed a combined €700 million fine on Apple and Meta for breaching the Digital Markets Act. Apple was penalized for blocking...
Apr 23
🚗 Tesla’s Q1 Profit Plummets by 71% Year-over-Year
Tesla reported a 71% drop in net profit for the first quarter compared to the previous year, falling short of market expectations amid...
Apr 23
🇺🇸 Trump: ‘No Intention to Fire Fed Chair Powell’
Despite frustrations over interest rate policies, Trump stated he does not intend to dismiss Federal Reserve Chair Jerome Powell, aiming...
Apr 23
🇺🇸 Trump Signals Softer Stance on China Tariffs
Former President Donald Trump indicated a less aggressive approach toward China regarding tariffs, emphasizing the need for mutual...
Apr 23
Industry
World Bank Raises Turkey’s Growth Forecast to 3.1%
The World Bank increased Turkey’s 2025 economic growth projection from 2.6% to 3.1%, citing improved economic indicators and reform...
Apr 24
🏭 Real Sector’s FX Deficit Hits 5.5-Year High
Turkey’s non-financial firms’ net foreign exchange deficit increased by $7.3 billion in February, reaching $155.2 billion. This marks the...
Apr 24
Turkey’s Machinery Exports Decline by 4.1% in Q1
Turkey’s machinery exports fell to $6.6 billion in the first quarter, a 4.1% decrease compared to the same period last year, indicating...
Apr 23
Turkey’s Export Growth Slows in Q1 2025
Turkey’s exports grew by 2% in the first quarter of 2025, a slowdown compared to previous periods. The deceleration is attributed to...
Apr 20
Tofaş Invests €256M to Expand EV Production Capacity
Turkish automaker Tofaş will invest €256 million in a new light commercial vehicle project with Stellantis, aiming for 150,000 units annual
Apr 20
“World Bank Approves $600 Million Loan for Earthquake-Hit Regions in Turkey”
The World Bank has approved a $600 million loan to Turkey to help revive micro-enterprises in regions affected by the recent earthquake....
Jul 30, 2024
EU Apparel Imports Decline in Q1 2024, Turkey’s Share Decreases
In the first quarter of 2024, EU imports of apparel and garments fell by 12.8% compared to the same period last year, reaching 21.9...
Jul 30, 2024
Turkey’s Export Value Per Kilogram Raises Alarm
While Turkey’s exports increased by 2% to $125.4 billion in the first half of the year, the value per kilogram fell by 11.3%, dropping...
Jul 26, 2024
Arçelik and YongaTek Begin Local Chip Design with Ministry Certification
Under the Pre-Competitive Collaboration Support program by the Ministry of Industry and Technology, Arçelik and YongaTek have started...
Jul 26, 2024
Turkey Announces $30 Billion Incentive Package for High-Tech Manufacturing
President Recep Tayyip Erdoğan announced a $30 billion incentive package to boost high-tech manufacturing, focusing on electric vehicles...
Jul 26, 2024
Tourism
Domestic Travel Reached 66.8 Million in 2024
Domestic trips in Turkey totaled 66.8 million in 2024, still below the pre-pandemic 78.2 million in 2019. The average number of overnight...
Apr 27
Turkey Sets 2025 Tourism Revenue Target at $65 Billion
Turkey aims for $65 billion in tourism revenue for 2025. TÜRSAB Chairman Firuz Bağlıkaya highlighted that tourists increasingly seek...
Apr 27
Health Tourism Aims for $12 Billion in 2025
Turkey generated $10 billion from health tourism in 2024 and targets $12 billion for 2025. Offering services from cosmetic surgery to...
Apr 27
Technology
EU Fines Apple and Meta €700M in Landmark Antitrust Move
The EU imposed a combined €700 million fine on Apple and Meta for breaching the Digital Markets Act. Apple was penalized for blocking...
Apr 23
CATL Unveils 5-Minute Charging Battery Offering 500 km Range
Chinese battery giant CATL has introduced the Shenxing supercharging battery, capable of delivering a 500 km range with just a 5-minute...
Apr 23
🤖 Turkey Hasn’t Missed the AI Train
A joint TÜSİAD–PwC report stresses Turkey still has a chance to catch up on artificial intelligence, though it must build strong legal...
Apr 23
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