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October 14, 202619°
BIST10012,206
-0.37%
USD49.37
+0.07%
EUR55.21
+0.01%
GOLD4,161.40
-0.38%
INTEREST37.00%
-1.00
BITCOIN83,350
+0.31%
October 14, 202619°

Markets & Finance

195 articles

Economy

Beet producers receive 991 million lira maintenance payment
Minister of Agriculture and Forestry İbrahim Yumaklı announced that a total of 991 million lira was transferred to beet producers' accounts in July as the second advance (maintenance) payment.
China insists on industrial model despite Western pressure to boost consumption
China reaffirmed its commitment to its advanced industrial and investment-led economic model, resisting Western pressure to boost domestic consumption. Ahead of new trade negotiations with the EU and US, Beijing's signals show it won't undertake sweeping policy changes.
Inflation in July rises 1.78% monthly, 31.75% annually
TurkStat data shows the CPI rose 1.78% monthly and 31.75% annually in July. The 12-month average rent increase rate for August was set at 31.9%.
23 projects advance to development stage in Digital Turkish Lira Project
The CBRT announced that the application evaluation processes for the Digital Turkish Lira Project have been completed, and 23 projects have moved to the third phase where development and sandbox testing will be conducted.
Istanbul Airport sets new daily passenger record with 289,260
Istanbul Airport handled 289,260 passengers in a single day, setting an all-time daily record for both Turkey and Europe.
ITO President Avdagiç: FX conversion support positive, export revenue sales rule must go
ITO President Şekib Avdagiç announced that they welcomed the CBRT's new regulation on FX conversion support. Avdagiç stressed that the business community's ultimate expectation is the complete removal of the 35% export revenue sales requirement.
Emirates NBD Egypt to acquire HSBC Egypt's retail banking
Emirates NBD Egypt has signed final agreements to acquire HSBC Egypt's retail banking operations. The acquisition aims to strengthen the bank's presence in Egypt.
Dereköy and Malko Tırnovo border gates open to light commercial vehicles
The Dereköy and Malko Tırnovo customs gates, the third land crossing between Turkey and Bulgaria, have begun allowing entry and exit of light commercial cargo vehicles up to 3.5 tons. This step aims to reduce congestion at the Kapıkule and Hamzabeyli border gates.
Global markets’ focus shifts to US nonfarm payrolls
Uncertainty over the Middle East conflict and central bank rate decisions whipsawed markets last week. This week, the US nonfarm payrolls report takes centre stage.
Minister Uraloğlu: High-speed train will reach 27 provinces by 2028
Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced that the high-speed train network will expand from 11 to 27 provinces by 2028 and they aim for 28,500 kilometers of railway by 2053.

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