President Trump is currently working on dismantling the Consumer Financial Protection Bureau, including dropping several cases initiated by the agency under Joe Biden’s presidency. The agency’s main objective is to safeguard consumers from deceitful practices in the financial sector. There are concerns about who will aid consumers if the CFPB ceases to exist. The solution […]
The Federal Reserve (FED) interest rate decision meeting continues to be on the agenda of investors wondering what direction interest rates will take in March. Having announced the first interest rate decision of the year in January, the FED kept the interest rate stable at 4.25-4.50 percent. So, when will the FED interest rate decision […]
The seismic activity in the Aegean Sea has impacted tourism in Greece. Early booking cancellations were experienced in Santorini. Industry representatives stated that tourists choosing the islands shifted to Turkey and Egypt, reflecting on early bookings. The earthquake storm affecting the islands in the Aegean Sea, especially Santorini, redirected the route of tourists considering the […]
Çağdaş Piyancı (38), an electric technician living in Denizli, started producing mussel farming nets, which are used to cultivate street food mussels imported by Turkey from New Zealand and Spain, and began exporting them to Spain, as well as Italy and Morocco. After working in his profession for a while, Piyancı, residing in the Merkezefendi […]
A ban has been imposed on the increasingly popular cut gold recently. The ban decision, published in the Official Gazette and put into effect, took into consideration the complaints conveyed by citizens and industry representatives. Cut gold has been banned. Cut gold will only be given to individuals who are engaged in the production or […]
The minimum amount applied in VAT refund requests has been increased to 10 thousand lira from 2 thousand lira. The regulation will be implemented starting from April. Taxpayers can request VAT refunds for transactions that give rise to refund rights, with a minimum amount of 10 thousand lira. The Presidential Decree on the matter was […]
The excise tax rate on cigarettes has been reduced. To offset the decrease in tax revenues resulting from this reduction, the fixed tax amount has been increased. This adjustment was made to limit the inflationary effect. Changes have been made to both the excise tax rate and the fixed tax amount on cigarettes, along with […]
According to a new report from the Food and Agriculture Organization (FAO) of the United Nations, the impact of price increases in raw coffee on consumers takes about a year to fully reflect, with the remaining effects lasting at least four years. Consistent adverse weather conditions have restricted supply and depleted global stocks, leading to […]
The necessity of upholding fiscal responsibility will become evident in the upcoming months after the recent approval of the House of Representatives budget resolution for the fiscal year 2025 on Feb. 25. This resolution is laying the groundwork for potential legislation that could bypass the 60-vote threshold in the Senate and be approved with a […]
According to the announcement on the Competition Authority’s website, the Board has granted permission for MHM Holding Gmbh to be acquired by Mavco Investments Private Ltd. Approval has been decided for Triton GP Holdco SARL-managed or advised fund to acquire the sole control of the security and communication technology products business unit named Keenfinity GmbH […]
