Infinix officially announced their new model, the Note 50 Pro+ 5G. This device stands out with advanced hardware features and an affordable pricing policy, aiming to impress users in terms of both performance and design. The Note 50 Pro+ 5G is powered by MediaTek’s Dimensity 8350 Ultimate processor, supported by 12 GB of RAM and […]
Construction activities are intensifying in earthquake-prone areas. While daily wages for workers in major cities can reach 4,500 lira, this figure rises to 7,000 lira in earthquake-prone areas. There are approximately 3,500 construction sites in operation in the earthquake zone. The intense construction activities in the region are directly impacting worker daily wages. According to […]
Some immovable properties in various cities of Turkey will be urgently expropriated for energy and infrastructure projects. Presidential decisions regarding energy and infrastructure projects have been published in the Official Gazette. Accordingly, for the construction of the Censtorage-5 Cengiz GES electricity production plant in Ankara, the relevant immovable properties will be urgently expropriated by the […]
The price of one ounce of gold is hovering near record highs, surpassing $3,000. Meanwhile, the price of a gram of gold is around 3,700 Turkish lira. Gold prices continue to maintain their close proximity to record levels. On the last trading day of the week, the price of one ounce of gold is around […]
The gross debt stock of the central government was determined to be 9.9 trillion lira as of the end of February. The Ministry of Treasury and Finance announced the central government’s gross debt stock data as of February 28th. Accordingly, the central government’s gross debt stock amounted to 9 trillion 909.6 billion lira at the […]
The European Union (EU) has postponed the measures planned in response to the US steel and aluminum tariffs until mid-April to allow time for negotiations. Maros Sefcovic, the EU Commissioner for Trade, addressed the International Trade Committee of the European Parliament where he spoke about trade issues between the EU and the US. Sefcovic stated […]
The attention has been on the Trump administration’s reshaping of USAID spending, pointing out inadequacies in oversight and unclear financial areas and programs whose effectiveness and importance remain uncertain. Claims of significant savings are met with arguments suggesting the cuts are not real. While the USAID issue is debated in Washington, a much more significant […]
The Central Bank has increased the overnight lending rate to 46% The Central Bank announced that measures have been taken “to limit the volatility in the TL and foreign exchange liquidity.” The Central Bank’s Monetary Policy Committee (MPC) issued an interim meeting decision. The overnight lending rate has been raised to 46%. The statement from […]
In the United States, the current account deficit decreased by 2 percent in the fourth quarter of last year, falling to $303.9 billion. The U.S. Department of Commerce released the current account balance data for the October-December 2024 period. According to the data, the country’s current account deficit narrowed by 2 percent compared to the […]
The total reserves of the Central Bank increased from $169,915 million to $171,082 million last week. The Central Bank announced its weekly money-bank statistics. As of March 14th, the Central Bank’s gross foreign exchange reserves increased by $267 million to $98,069 million. Gross foreign exchange reserves were at $97,802 million on March 7th. During this […]
