Supermarkets’ Pricing Game: Selling the Same Product at Twice the Price

The application comparing market prices by the Ministry of Industry and Technology revealed businesses engaging in opportunism. The application detected price differences of up to two times between chain supermarkets operating in the same neighborhood. Consumer associations mentioned that this situation could be prevented with an advising pricing policy. The website named “marketfiyati.org.tr”, where citizens […]

President Trump halts the worldwide attack on the steel industry of America

Steel is the crucial element for the national security of America, fundamental for military defense, infrastructure resilience, and industrial self-sufficiency. Despite this, the steel industry of America faces continuous threats in the intricate strategic game of global steel trade. It’s not limited to strategic rivals like China and Russia flooding the markets with affordable steel. […]

Elon Musk is Peddling Falsehoods

Elon Musk is widely regarded as the wealthiest individual on the planet, with a net worth of almost $400 billion primarily driven by his stakes in Tesla and SpaceX. In stark contrast, tech mogul Mark Zuckerberg trails Musk by approximately $140 billion. The disparity between Musk and Zuckerberg alone surpasses Kenya’s entire gross domestic product. […]

Central Bank Reserves Approach All-Time High

The total reserves of the Central Bank increased by $1.517 billion last week, nearing a record level of $167.492 billion. The Central Bank of the Republic of Turkey (CBRT) announced its weekly money and banking statistics. As of February 7th, the Central Bank’s gross foreign currency reserves decreased by $382 million to $96.929 billion. The […]

Foreign investors sold bonds and stocks

Last week, foreign investors made a bond sale of $1.49 billion, marking the highest bond sale recorded to date. Simultaneously, they had an outflow of $50 million from stocks in the same week. The Central Bank of the Republic of Turkey (CBRT) published the “Weekly Securities Statistics.” According to the data, non-resident individuals abroad sold […]

Minister Şimşek: Ensuring the permanence of structural measures

The Minister of Treasury and Finance, Şimşek, revealed their goal to maintain the current account deficit at a sustainable level. Şimşek stated, “We will make structural steps permanent in line with the current account balance target.” Treasury and Finance Minister Mehmet Şimşek evaluated the current account balance data. Şimşek, in his sharing from X account, […]

Elon Musk to Sell $400 Million Armored Tesla to the US

The world’s richest person, Elon Musk, is ready to sign a $400 million contract with the US Department of State to produce armored Teslas. The Department’s 2025 budget reportedly includes the purchase of new armored Tesla vehicles. It was also mentioned that the government plans to make a 5-year deal with Tesla. While no details […]

Majority of tax burden falls on wage earners

The increase in taxes has been shouldered by wage earners. According to the Budget Monitoring Bulletin published by the Turkish Economic Policies Research Foundation (TEPAV), in 2024, employees saw a 5.5 percentage point increase in their share of income tax payments. When considering all tax items on income and earnings in 2024, employees paid 65.4% […]

TÜSİAD Urges Tightening Belts in Public Sector

A call for tightening belts in the public sector has been issued by TÜSİAD. The President of the High Advisory Council, Ömer Aras, emphasized the necessity for the government to cut expenses equally as citizens do. The regular general assembly of the Turkish Industry and Business Association (TÜSİAD) is taking place today in Istanbul. Speaking […]

End of Double Pension for Retirees

Retirees reach the end of their working period when they start receiving their pension. Those who entered the insurance system after October 1, 2008, will not be able to work after retirement. Experts mention that this rule was legislated 17 years ago and its initial impact will be seen in the year 2030. Many citizens […]