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October 14, 202619°
BIST10012,166
-0.69%
USD49.37
+0.07%
EUR55.21
+0.01%
GOLD4,116.80
-1.45%
INTEREST37.00%
-1.00
BITCOIN82,326
-0.92%
October 14, 202619°

Markets & Finance

195 articles

Economy

Türkiye’s exports rose 21.7% in June as trade deficit reached $10.4 billion
According to data from the Turkish Statistical Institute and the Ministry of Trade, exports rose 21.7% year on year to $24.9 billion in June, while imports increased 23% to $35.3 billion. The foreign trade deficit grew 26.2% to $10.4 billion.
TPAO’s partnership in Kirkuk oil fields strengthens Türkiye’s energy role
TPAO has acquired a 15% stake in the consortium established with bp and ConocoPhillips to develop the Kirkuk fields. The move will enable Türkiye to participate directly in oil production while supporting its goal of becoming an energy hub.
Technology rally lifts global markets as AI spending fears ease
A strong rise in U.S. technology stocks lifted global markets as concerns over artificial intelligence spending eased. European and Asian equities also advanced, led by technology shares, while Borsa Istanbul ended the day lower.
Minister Ersoy says Türkiye welcomed 25.7 million visitors and allocated 6 billion liras in the first half
Culture and Tourism Minister Mehmet Nuri Ersoy announced that Türkiye welcomed 25,759,000 visitors in the first half of 2026 and generated $25.746 billion in tourism revenue. Ersoy said 6 billion liras had been allocated to the sector and emphasized that Turkish tourism had maintained its resilience despite global crises.
Deadline for second installment of MTV and income tax is tomorrow
The deadline for the second installments of motor vehicle tax (MTV) and income tax expires tomorrow. Taxpayers can make their payments via the Digital Tax Office, banks, PTT branches, and tax offices.
Şimşek: Unemployment rate drops to 7.6 percent in June
Treasury and Finance Minister Mehmet Şimşek evaluated the June labor force data. He announced that the unemployment rate fell to 7.6 percent, the lowest level in the series.
Russia extends ban on gasoline and diesel exports until 2027
The Russian government has extended the temporary ban on gasoline and diesel exports until January 31, 2027, to maintain stability in the domestic market. Exports of diesel, marine fuel, and gas oil by producers will be exempt from restrictions starting September 1.
July inflation expected at 1.82%, annual CPI forecast to fall to 31.80
According to the AA Finans survey, economists expect monthly inflation to rise by an average of 1.82 percent in July. Annual inflation is forecast to decline from 32.11 percent in June to 31.80 percent.
CBRT reserves rise $2.1 billion to $162.6 billion
The Turkish central bank's total reserves rose to $162.6 billion in the week of July 24, driven by a $5.1 billion increase in gold reserves. Gross foreign exchange reserves fell to $62.4 billion, while gold reserves reached $100.2 billion.
Turka signs concession agreement for next-generation vehicle inspection system
Turka signed a concession agreement to provide vehicle inspection services for 20 years starting from August 15, 2027, following the tender held on February 24. Under the $3 billion investment program, $1.72 billion was paid upfront, and 249 fixed and 103 mobile stations will be established across 81 provinces.

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