Neighbor to Spend 25 Billion Euros on Defense

Greek Prime Minister Kyriakos Mitsotakis announced that his country will allocate 25 billion euros for defense until 2037. Addressing the Parliament, Prime Minister Kyriakos Mitsotakis provided information on Greece’s long-term defense investments and policies. When discussing the resources of the long-term program, Mitsotakis emphasized that these resources are not only limited to investments and armament […]

Cancellation of Planned Gasoline Price Hike

The anticipated increase of 1 lira 25 kurus per liter of gasoline has been canceled. The fluctuation in Brent crude oil and exchange rates has affected fuel prices. A hike of 1 lira 25 kurus per liter was expected to take effect starting tomorrow. According to industry sources, the decision to increase prices has been […]

Private sector employment exceeds expectations in the US

Private sector employment in the US saw an increase in March, surpassing market expectations with 155,000 people added to payrolls. The national employment report for March, prepared by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, was released. It was predicted that private sector employment, surpassing market expectations, would increase by […]

Approval from Putin for the Sale of Goldman’s Shares

Russian President Putin has approved the sale of Goldman Sachs’ shares in Russian companies. Russian President Vladimir Putin has approved the purchase of Goldman Sachs’ shares in some Russian companies by a company named Balchug Capital. The decree approved by Putin has been published in the country’s legal information system. Accordingly, the sale of some […]

Decrease in Sales of White Goods

White goods sales experienced a rapid decline in February. Sales decreased by 18% annually. The white goods sector showed a weak performance in February. According to the Turkish White Goods Manufacturers Association, domestic sales decreased by 18% to 852,820 units in February. During the same period, exports were recorded at 1.6 million units, marking an […]

Era of “Self-Car Wash” Begins

The increase in car wash prices has led drivers to seek different alternatives. Drivers now choose to wash their vehicles themselves at gas stations. As a result, they save around one fifth of the cost. With rising car wash prices, drivers have started washing their own vehicles. Demand for automatic car wash machines at gas […]

Gold Emerges as Winner of the First Quarter

The first quarter of the year was challenging for Turkish Lira assets. The winner of this period was gold. Turkish Lira assets struggled through the first quarter. The positive sentiment in TL assets dating back to June 2023 turned negative with developments in the last two weeks of March. Fluctuations in the TL increased following […]

When will the Central Bank announce the interest rate decision? April MPC meeting date

In the early days of April, all eyes are on the Central Bank’s interest rate decision. The interest rate decision for the month of April will be announced after the Monetary Policy Committee (MPC) meeting in the coming weeks. So, when will the Central Bank announce the interest rate decision? The countdown for the Central […]

Price Increase for Apple Products: New iPhone Prices Revealed

Apple has raised the prices of its iPhone and other products in Turkey. Following the price increase, the cheapest iPhone price is now 49,999 lira. Apple has increased the prices of its iPhones and many other products in Turkey. With the price hikes, the price of the cheapest iPhone model is now 49,999 lira, while […]

Additional interest rate increase signal in Russia

The Central Bank of Russia has left the door open for an additional interest rate increase in line with inflation targets. Deputy Governor of the Central Bank of Russia, Alexey Zabotkin, stated that inflation has been rising at a slower pace than expected in the first quarter, saying, “If inflation slows down at a different […]