In the Euro Area, producer prices remained below expectations in February, rising by 0.2 percent. The highest increase of 9.5 percent was recorded in Estonia. The European Statistics Office (Eurostat) released the Producer Price Index (PPI) data for the European Union (EU) and the Euro Area in February. According to the data, the Producer Price […]
It has been reported that the Machinery and Chemical Industry Corporation (MKE) will invest 2 billion lira in the defense industry in Samsun. During a visit to the governor’s office, MKE’s General Director, Ilhami Keleş, and Deputy General Director, İrfan Özsert, informed Governor Orhan Tavlı that construction work has started on a factory where the […]
The Wealth Fund has paid off the debt for Turkish Telecom’s credit early, resulting in saving more than 150 million dollars in interest. According to a statement from the Turkey Wealth Fund, strong cash flow and cost-effective financing sources enabled the Fund to have the opportunity to make an early payment on a loan for […]
TUSAŞ has collaborated with the Brazilian aviation giant Embraer for joint production activities in civilian and military platforms. Turkey’s Aerospace and Space Industry (TUSAŞ) and the Brazil-based aerospace company Embraer have joined forces for collaborative R&D and production activities in civilian and military platforms. Minister of Industry and Technology Mehmet Fatih Kacır shared on his […]
In Borsa Istanbul, the BIST 100 index rose by 0.85 percent in the first half of the day, reaching 9,604 points. The BIST 100 index, moving in an upward trend in the first half of the day, rose to 9,604 points with an increase of 80.64 points and 0.85 percent as of 1:00 pm compared […]
Minister of Treasury and Finance Mehmet Şimşek stated that the impact of recent market fluctuations on inflation will remain limited due to tightening financial conditions. The Turkish Statistical Institute (TÜİK) announced the inflation figures for March. Inflation increased by 2.46% on a monthly basis in March. The annual inflation rate, however, dropped to 38.10%. Minister […]
Minister of Trade Ömer Bolat stated that calls for boycott by the opposition were ineffective. Bolat said, “Our people have supported the economy, trade, craftsmen, and domestic brands.” Minister of Trade Ömer Bolat reported that the boycott calls made by the main opposition party CHP and some circles to stop shopping and trade on Wednesday, […]
Turkey and the European Union convened for a critical economic summit. The meeting, held after a 6-year gap, included the Turkish Minister of Treasury and Finance Şimşek and senior EU officials. The Turkey-European Union (EU) High-Level Economic Dialogue Meeting is taking place in Brussels after a six-year hiatus. The meeting, which started in the morning […]
During the Ramadan Feast, a total of 8,425,491 vehicles passed through the highways. The passenger count at Istanbul Airport during these dates rose from 842,367 to 892,810. Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, shared the travel data by road during the Ramadan Feast period. In a written statement, Minister Uraloğlu noted that a total […]
The automotive market for both cars and light commercial vehicles set a new record in March with 116,900 units sold. The market share of electric and hybrid vehicles also peaked at 42%. Car and light commercial vehicle sales reached a new peak in March, increasing by 6.4% compared to last year, totaling 116,900 units. The […]
