What is a repo transaction? Brief definition of a repo transaction

For the buyer, a repo transaction provides a secure investment opportunity with low-risk securities such as government bonds. Financial institutions engage in repo transactions to meet short-term cash needs. So, what is a repo transaction? Repo/reverse repo transactions are investment instruments used by organizations seeking funds through the sale/purchase of financial instruments with a commitment […]

Decrease in Fish Prices: ‘We Fed People Fish for Free’

In Zonguldak, fisherman Oktay Ertürk mentioned a decrease in fish prices as the season comes to its end. Ertürk stated that they are selling red mullet for 100 lira due to abundance. Fisherman Ertürk mentioned that the red mullet fishing continues and the price per kilogram has dropped to 100 lira, saying, “Still affordable. We […]

Changes in Driving Licenses in Europe

The European Union will transition to a uniform digital driver’s license by the end of 2030. The Council of the European Union announced that an agreement has been reached between member states and the European Parliament on new rules for driver’s licenses. The statement mentioned that with the update of the driver’s license directive, the […]

Global raw steel production decreases

Global raw steel production decreased by 3.4 percent in February compared to the same month last year, mainly due to the decline in China’s production, reaching 144.7 million tons. The World Steel Association, headquartered in Brussels, released the raw steel production data for February. According to the report, global raw steel production fell by 3.4 […]

New funding for Turkey Wealth Fund

The Turkey Wealth Fund has secured over 1 billion euros in credit from abroad. According to a statement from the Turkey Wealth Fund (TVF), this syndicated loan process has been completed for the first time without a “Treasury guarantee”. The 1.1 billion euro loan will be provided with the participation of 20 banks from 12 […]

When will inflation data be announced? Expectations for inflation in March

The Turkish Statistical Institute (TÜİK) will, as usual, share the inflation data for March with the public in line with the set schedule. The inflation rates for March will be announced to the citizens in the first week of April. The Turkish Statistical Institute (TÜİK) consistently shares the inflation data on the 3rd of each […]

Closure of Kent Restaurants in Şişli? Statement on Allegations Regarding Kent Restaurants

Allegations that the trustee administration in Şişli decided to close Kent Restaurants were denied. The municipality announced that three restaurants will reopen after their needs are met. A statement was made regarding the claim that the trustee administration in Şişli Municipality decided to close Kent Restaurants featured in some media outlets. The statement from the […]

Increase in Diesel Prices Following Rise in Gasoline Prices

The price of gasoline has been increased by 1 lira and 51 kurus per liter. The new prices have been reflected on the signs. From tonight, the price of diesel will also increase by 1 lira and 42 kurus. The fluctuation in exchange rates is affecting gasoline and diesel prices. There has been an increase […]

Vehicle Recognition Decision from Mint: Refund for Overpaid Amount!

Mint has updated the assembly fee of the Vehicle Recognition Unit set for the year 2025. According to the decision, the fee, which was 2,791.45 TL, has been reduced to 2,172 TL. Those who paid a higher price will receive a refund of 619.45 TL. In order to register the fuel purchases of vehicles in […]

Memur-Sen calls for a salary increase for public servants

Memur-Sen has requested for the planned salary increase for some public servants to be extended to cover all civil servants. Ali Yalçın, the President of Memur-Sen, evaluated the additional increase regulation planned for the salaries of some public servants in certain titles with the relevant bill to be discussed in the Turkish Parliament. Yalçın recalled […]