The inflation expectation of citizens rose to 59.3 percent in March. The Central Bank of the Republic of Turkey has released the Sectoral Inflation Expectations report. According to the report, the annual inflation expectation for the next 12 months was 41.1 percent for the real sector. The statement said: “In March 2025, the 12-month ahead […]
The BIST 100 index in Borsa Istanbul started the day with a 1.01% decrease at 9,617.01 points. At the opening, the BIST 100 index dropped to 9,617.01 points with a decrease of 98.57 points and 1.01% compared to the previous closing. The banking index lost 1.85% and the holding index lost 0.74% in value. Among […]
Vice President Cevdet Yılmaz addressed allegations of a $25 billion reserve loss, stating that “there was a certain loss in reserves. Certain institutions took steps to prevent temporary market fluctuations.” Vice President Cevdet Yılmaz evaluated the economic effects of the process that started with the arrest of Istanbul Metropolitan Mayor Ekrem İmamoğlu. “THERE MAY BE […]
The price of diesel has been increased by 1 lira and 42 kurus per liter. Due to the price hike, the signs have been changed. The fluctuations in the exchange rate are affecting gasoline and diesel prices. The price of diesel has gone up by 1 lira and 42 kurus starting from tonight. HOW MUCH […]
The Ministry of Trade has launched inspections against exorbitant prices and hoarding of red meat. Taking action on reports, the Ministry announced that inspections have commenced to combat high prices and stockpiling of red meat. The ministry stated that simultaneous inspections are being carried out, and penalties will be strictly enforced.
Since March 19th, the sharp sales on the stock market have been replaced by an increase. Banks were also included in the regulations facilitating companies’ share buybacks. The index rose, led by banks. The Borsa Istanbul is trying to recover with consecutive measures announced. On March 21st, the stock market saw its lowest level since […]
Chinese electric vehicle giant BYD exceeded the $100 billion threshold in dollar-based sales by 2024, surpassing American Tesla for the first time. The China-based electric vehicle manufacturer BYD disclosed its financial results for the October-December period of last year and the entirety of 2024. Accordingly, the company’s revenues in the October-December period increased by 52.7% […]
Deputy President Cevdet Yılmaz mentioned the possibility of a 1-2 point decline in inflation. Emphasizing that these effects are seasonal and short-term, Yılmaz stated, “Measures have been taken to address temporary fluctuations.” Deputy President Cevdet Yılmaz is making statements on current issues in a Habertürk broadcast. Giving messages regarding the economy, Yılmaz indicated that according […]
The TCMB reduced the policy rate by 250 basis points to 42.5% in the meeting held in the past weeks. Expectations include 8 summaries of the PPK meetings, 4 inflation reports, and 2 financial stability reports from the TCMB this year. So, when will the TCMB interest rate decision be announced? The Central Bank of […]
While prioritizing the reduction of unnecessary government spending has been a focal point in Washington this year, an opinion piece by Gene Marks suggesting the elimination of the U.S. Small Business Administration (SBA) has missed the mark by labeling it a “failed experiment.” Advocating for the dismantling of the SBA under the guise of cost […]
