The application deadline for Emlak Konut’s Profitable Investment Campaign has been extended from March 23 to April 27. The Profitable Investment Campaign, which started on February 19, received great interest. Within a month, more than 2,000 of the 4,500 units in 25 projects in Istanbul, Izmir, Antalya, and Balikesir were sold in advance sales. Over […]
In China, there has been no change in the 1 and 5-year loan prime rates (LPR) that serve as benchmark interest rates. The China National Interbank Funding Center reported that the 1-year loan interest rate remained at 3.1%, while the 5-year loan interest rate was kept steady at 3.6%. The LPR, determined based on the […]
In order to prevent volatility in exchange rates, the Central Bank has started Turkish Lira-settled forward foreign exchange sales. After the fluctuations in the markets, the Central Bank took action. The CBRT has initiated TL-settled forward foreign exchange sales operations to ensure the healthy functioning of the foreign exchange market, prevent volatility in exchange rates, […]
In February, the total payment amount made with credit cards, debit cards, and prepaid cards increased by 50% compared to the same month last year, reaching 1 trillion 522.8 billion lira. The Interbank Card Center (BKM) announced the data for February. As of February, the number of credit cards in Turkey reached 131.2 million, debit […]
The commercial crude oil stocks in the USA increased by approximately 1.7 million barrels compared to the previous week. According to the US Energy Information Administration (EIA), commercial crude oil stocks in the country rose to 437 million barrels last week, with an increase of about 1.7 million barrels. Market expectations were indicating a rise […]
In Turkey, the unemployment rate decreased by 0.7 points to 8.7% in 2024, reaching the lowest level in 12 years. The Turkish Statistical Institute released labor statistics for the year 2024, revealing that the number of unemployed individuals aged 15 and over decreased by 151 thousand compared to the previous year, totaling 3 million 113 […]
The Ministry of Trade announced the seizure of 728 kilograms of narcotics with a market value of 572 million lira in Kapıkule, Hamzabeyli, and Hatay. According to the Ministry, approximately 544 kilograms of skunk were seized at the Hamzabeyli Customs Gate, about 61 kilograms of cannabis at the Kapıkule Customs Gate. In addition, approximately 123 […]
Following the decision of the Capital Markets Board (CMB) on share buybacks, companies have taken action. Turkish Airlines (THY) conducted a buyback five months later, while Halkbank bought back shares for the first time in two years. The CMB made a new decision following the recent market volatility. The decision stated that companies can initiate […]
Following the Federal Reserve’s interest rate decision, gold broke records. One ounce of gold reached the highest level in history at $3,064. Meanwhile, gram gold traded at 3,722 Turkish liras. Gold set records after the Federal Reserve kept its policy interest rate unchanged at 4.25-4.50%. The decision was made by an 11-1 vote. The rise […]
The Capital Markets Board (SPK) announced that companies whose shares are traded on the stock exchange and their subsidiaries can initiate a buyback program by decision of the board of directors without the need for a general assembly resolution for presentation to the shareholders at the first general assembly meeting to be held. In the […]
