Industrial production in the Euro Area increased

In the Euro Area, industrial production rose by 0.8 percent in January compared to the previous month. The European Union’s statistical office, Eurostat, released the seasonally adjusted industrial production data for the EU and the Euro Area for January. According to the data, industrial production in the Euro Area increased by 0.8 percent in January […]

Decline in Exchange-Rate Protected Deposits

There was a withdrawal of 21 billion lira from exchange-rate protected deposit accounts last week. The decrease in exchange-rate protected Turkish lira deposits and participation accounts continues. Exchange-rate protected Turkish lira deposits and participation accounts decreased from 846.6 billion lira to 825.4 billion lira. During the same week, loans increased from 16 trillion 857.6 billion […]

Surprise at Tekfen Holding: Two founding families sold their shares

Two of the three founders’ families at Tekfen Holding have completed share sales. The transfer of ownership for the Gökyiğit and Akçağlılar families has now closed. These families, who are two out of the three original founders of Tekfen Holding, have carried out share sales. With an annual turnover of 58 billion lira, the company […]

Statement from TÜİK on Pension Payments

The Turkish Statistical Institute (TÜİK) announced that pension payments are calculated independently with scientific and technical autonomy, based on data gathered from the field in response to allegations about how they are determined. TÜİK responded to claims regarding pension payment calculations, addressing reports and social media posts that compared the Consumer Expenses Index released by […]

Share Sale at Tekfen: Transfer of Founder Families Closing

Two of the three founders of Tekfen Holding had their families sell shares. The transfer from the Gökyiğit and Akçağlılar families in the Holding is now complete. Tekfen Holding, with an annual revenue of 58 billion Turkish Lira, was established by Feyyaz Berker, Nihat Gökyiğit, and Necati Akçağlılar. The Akçağlılar and Gökyiğit families sold their […]

15.5 million retirees to receive Eid bonus

The retirement Eid bonus is increasing to 4,000 Turkish Lira. The budget for the bonus payments to 15.5 million retirees will amount to 28.4 billion Turkish Lira. According to the impact analysis conducted on the Bill Proposal for the Amendment of the Law of Youth and Sports Services and Some Laws and Decree Laws, which […]

Vodafone Accelerates Mobile Communication Efforts via Satellite

Vodafone and AST SpaceMobile have embarked on two new partnerships in the field of mobile communication via satellite. Collaborating with the University of Málaga, the two companies will establish a new space and land-based mobile broadband research and validation center. Additionally, a new company to be established under the name SatCo will provide consumers and […]

Requirements for Market Surveillance and Inspection of Vehicles and Components Established

Common criteria for the market surveillance and inspection of vehicles, systems, components, and technical units have been determined. The Regulation on Administrative Conditions Regarding the Market Surveillance and Inspection of Vehicles, Systems, Components, and Separate Technical Units prepared by the Ministry of Industry and Technology has been published in the Official Gazette and entered into […]

Artificial Intelligence Supported Video Lenses on Snapchat

Snapchat has taken its leadership in the augmented reality (AR) field one step further by introducing new generation video lenses that work with its proprietary artificial intelligence model to users. This innovation aims to make a difference among social media platforms as a creative initiative that draws significant attention. Snapchat announced that these lenses work […]