Minister of Treasury and Finance Mehmet Şimşek stated, “We will continue to support production and exports in line with our sustainable current account deficit target.” Minister Mehmet Şimşek made evaluations regarding foreign trade on his social media account. In his post, Şimşek used the following expressions: The annual foreign trade deficit improved by 7.3 billion […]
Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from 4.1% to 4.2%. The US non-farm employment data, closely monitored by markets, has been released. Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from […]
Concerns that trade wars would intensify led to a sharp drop in oil prices. For the first time since August 2021, Brent crude oil fell below $65 per barrel. The barrel price of Brent crude fell by 7% to below $65 per barrel for the first time since August 2021. The expectation that global trade […]
Make way, Smoot and Hawley. President Trump has declared himself as America’s top protectionist, and he’s initiating a worldwide trade conflict to demonstrate it. Trump implemented a minimum 10 percent tariff on all imports and additional “reciprocal” tariffs on 60 other countries selling goods to the U.S. He referred to it as “Liberation Day” to […]
Tension is escalating in global trade. China has announced a 34% tariff on US goods. The strain in the global economy has reached its peak. Retaliation from China against US tariffs has emerged. The China Ministry of Commerce revealed a comprehensive tariff package targeting the US. Starting from April 10, China declared that an additional […]
US President Trump unveiled a $5 million Golden Card designed for wealthy immigrants. So, what purpose does this card with Trump’s image serve? President Donald Trump showcased the design of the new $5 million “golden card” to journalists aboard Air Force One. The card features Trump’s own image. According to the New York Post, in […]
Minister of Transportation and Infrastructure, Uraloğlu, stated that this year a total of 725 kilometers of rumble strips will be implemented with the goal of preventing run-off-road traffic accidents. Minister Abdulkadir Uraloğlu of Transportation and Infrastructure provided an explanation regarding the nationwide efforts conducted by the General Directorate of Highways (KGM) to ensure traffic safety. […]
The annual income tax return period regarding earnings from last year will end on Monday, April 7th. Income tax payers are continuing to file and pay their tax returns for the year 2024. Due to requests related to the Ramadan holiday, the deadline for filing returns was extended from April 2nd to April 7th. Individuals […]
Turkey and the European Union held a high-level economic meeting after 6 years. Minister Şimşek stated that a positive dialogue on the economy with the EU began. Şimşek mentioned that topics such as the Customs Union and visa liberalization were also discussed. Following the Turkey-EU High-Level Economic Dialogue Meeting held in Brussels, Minister of Treasury […]
The BIST 100 index in Borsa Istanbul started the day with a 0.13% increase at 9,496.81 points. At the opening, the BIST 100 index rose by 12.55 points and 0.13% to reach 9,496.81 points compared to the previous close. While the banking index lost 0.02% in value, the holding index gained 0.32% in value. Among […]
