Were the taxes of the wealthy postponed? Response from the Revenue Administration

The Revenue Administration denied allegations that some companies’ taxes were postponed. The statement used the phrase, “No company’s tax debt has been postponed or rescheduled.” The Revenue Administration made a statement regarding the allegations in some media outlets that “some companies’ taxes were postponed.” Pointing to news and posts based on financial statements disclosed to […]

EU reports a trade deficit of 5.4 billion euros with the US

The European Union (EU) recorded a trade deficit of 5.4 billion euros in January. Eurostat, the statistical office of the EU, published the international trade data for the EU and the Eurozone for January. In January, the EU’s exports increased by 4.4% compared to the same month last year, reaching 208.7 billion euros, while imports […]

Stock market remained flat in the first half

In Borsa Istanbul, the BIST 100 index remained flat in the first half of the day. As of 13:00, the BIST 100 index decreased by 0.71 points and 0.01 percent to 10,860.12 points compared to the previous closing. The total trading volume was 58.2 billion liras. While the banking index lost 0.96 percent, the holding […]

New 400 Million Euros Financing for Earthquake Zone

A new financing of 400 million euros has been secured for the reconstruction of the earthquake zone. This brings the total external financing obtained since 2023 to $5.5 billion. Turkey has provided a new external financing opportunity of 400 million euros for the reconstruction efforts in the earthquake zone. According to information obtained from the […]

Major privatization plan from Russia

The Russian Ministry of Finance has reportedly been working on a large privatization process, including companies seized. Russian Finance Minister Anton Siluanov announced that they aim to start a major privatization process in Russia, including companies seized as a result of court decisions. Speaking at an event in the capital Moscow, Siluanov said they need […]

Illegal betting investigation: PayFix, Aypara, and Ininal operations suspended

The Central Bank has suspended the operating permits of PayFix, Aypara, and Ininal, which were mentioned in the illegal betting investigation. The owner of PayFix, determined to be established with betting income, Erkan Kork, was arrested. Actions have been taken for the three payment institutions mentioned in the illegal betting investigation. An announcement from the […]

BYD surpasses giants in market value

The market value of the Chinese automaker BYD has reached $162 billion, surpassing the combined total of Ford, General Motors, and Volkswagen. BYD, a Chinese automaker, announced its Super e-Platform technology, which allows electric vehicles to charge almost as quickly as refueling a conventional car. Tests with the new Han L model showed that the […]

10% of Children in Turkey Cannot Afford Fresh Fruits

In Turkey, it has been found that 94.5% of children are in good or very good health. According to TUIK data, it has emerged that 10 out of 100 children cannot afford to eat fresh fruits and vegetables due to financial constraints. The Turkish Statistical Institute announced the statistics for Child Health and Deprivation in […]

Regulation on Eel Fish Export

The Ministry of Agriculture and Forestry has reorganized the principles for granting eel fish export quotas. The Amendment on the Granting of Eel (Anguilla Anguilla) Export Quotas and Issuing of CITES Certificate Notification Prepared by the Ministry of Agriculture and Forestry has been published in the Official Gazette and has come into effect. With this […]

Continued Real Decrease in Housing Prices

Housing prices increased by 2.8 percent nationwide in Turkey in February. However, housing prices decreased by 5.6 percent in real terms. The Central Bank announced the February housing price statistics. According to this data, housing prices rose by 2.8 percent in February compared to the previous month. In real terms, prices decreased by 5.6 percent. […]