The European Union will provide free train tickets for 36 thousand young people to travel around Europe. The European Union (EU) Commission announced that 36 thousand free pass cards will be distributed to 18-year-old youths residing in countries associated with the Erasmus+ program, including Turkey. In a written statement by the EU Commission, it was […]
As of the end of February, the period net profit of the banking sector reached 118 billion 214 million lira. According to the report “Turkish Banking Sector’s Non-Consolidated Main Indicators” by the Banking Regulation and Supervision Agency (BRSA) for the February 2025 period, the sector’s total assets increased by 1 trillion 704 billion 319 million […]
Greek Prime Minister Kyriakos Mitsotakis announced that his country will allocate 25 billion euros for defense until 2037. Addressing the Parliament, Prime Minister Kyriakos Mitsotakis provided information on Greece’s long-term defense investments and policies. When discussing the resources of the long-term program, Mitsotakis emphasized that these resources are not only limited to investments and armament […]
The anticipated increase of 1 lira 25 kurus per liter of gasoline has been canceled. The fluctuation in Brent crude oil and exchange rates has affected fuel prices. A hike of 1 lira 25 kurus per liter was expected to take effect starting tomorrow. According to industry sources, the decision to increase prices has been […]
Private sector employment in the US saw an increase in March, surpassing market expectations with 155,000 people added to payrolls. The national employment report for March, prepared by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, was released. It was predicted that private sector employment, surpassing market expectations, would increase by […]
Russian President Putin has approved the sale of Goldman Sachs’ shares in Russian companies. Russian President Vladimir Putin has approved the purchase of Goldman Sachs’ shares in some Russian companies by a company named Balchug Capital. The decree approved by Putin has been published in the country’s legal information system. Accordingly, the sale of some […]
White goods sales experienced a rapid decline in February. Sales decreased by 18% annually. The white goods sector showed a weak performance in February. According to the Turkish White Goods Manufacturers Association, domestic sales decreased by 18% to 852,820 units in February. During the same period, exports were recorded at 1.6 million units, marking an […]
The increase in car wash prices has led drivers to seek different alternatives. Drivers now choose to wash their vehicles themselves at gas stations. As a result, they save around one fifth of the cost. With rising car wash prices, drivers have started washing their own vehicles. Demand for automatic car wash machines at gas […]
The first quarter of the year was challenging for Turkish Lira assets. The winner of this period was gold. Turkish Lira assets struggled through the first quarter. The positive sentiment in TL assets dating back to June 2023 turned negative with developments in the last two weeks of March. Fluctuations in the TL increased following […]
In the early days of April, all eyes are on the Central Bank’s interest rate decision. The interest rate decision for the month of April will be announced after the Monetary Policy Committee (MPC) meeting in the coming weeks. So, when will the Central Bank announce the interest rate decision? The countdown for the Central […]
