Central Bank reduces discount interest rate in rediscount transactions

The Central Bank has redefined the discount interest rate to be applied in rediscount transactions for promissory notes. The Central Bank announced that the discount interest rate to be applied in rediscount transactions for notes with a maturity of at least 3 months has been set at an annual rate of 43,25%, while the interest […]

Global Food Prices on the Rise: Sugar, Vegetable Oils, and Dairy Products Leading the Increase

The United Nations Food and Agriculture Organization’s latest statement reveals that global food prices increased by 1.6 percent in February. The rise was attributed to the impact of sugar, vegetable oils, and dairy products. The Food and Agriculture Organization of the United Nations (FAO) issued its latest report on food prices. According to the FAO, […]

“Turkish UAV is Approaching”: Baykar-Leonardo Agreement in European Press

Amid ongoing debates regarding Europe’s security, the UAV agreement between Baykar and Leonardo has received extensive coverage in the European press. A collaboration agreement was signed yesterday between Baykar, Turkey’s leading unmanned aerial vehicle manufacturer, and Italian Leonardo, one of Europe’s largest defense companies. The agreement garnered wide coverage in the European press. La Repubblica, […]

Trump Makes Trudeau Cry: Canadian Prime Minister Unable to Bear Humiliation

Canadian Prime Minister Justin Trudeau, in the final days of his tenure, broke down in tears during a press conference he held today. US President Donald Trump has been mocking Trudeau for months, threatening to annex Canada as the 51st state, and referring to the Prime Minister as “Governor Trudeau.” Justin Trudeau, the Canadian Prime […]

108 Years Old and Still Cutting Hair: The World’s Oldest Working Female Barber

Living in Japan, 108-year-old Hakoişi Shitsui has entered the Guinness World Records as the ‘world’s oldest working female barber’. Working as a barber in the Tochigi prefecture of Japan, 108-year-old Hakoişi Shitsui has earned the title of the ‘world’s oldest working female barber’. According to the announcement made by the Guinness World Records, “Hakoişi Shitsui, […]

Statement from the Central Bank of Turkey on the “Special Issue of Central Bank Review”

The Central Bank of the Republic of Turkey (CBRT) has announced that it will release a special issue of the Central Bank Review entitled “Inflation Dynamics: Market Structure, Pricing Behavior, and Expectations.” According to the CBRT statement, the special issue of the internationally peer-reviewed journal aims to provide current theoretical and empirical analyses that will […]

European Union Seeks Involvement of Turkey in Defense: Sharing from EU Council President Costa

EU Council President Costa announced their intention to increase collaboration in defense with 5 NATO countries, including Turkey. European Union (EU) Council President Antonio Costa and EU Commission President Ursula von der Leyen shared posts on their social media accounts regarding the Virtual Meeting of like-minded Country Leaders, which was attended by President Recep Tayyip […]

Saturday Specials: ŞOK March 8th Weekly Catalog: Duo table, shoe rack, and variety of air conditioners on the way

The ŞOK March 8th Weekly Catalog is getting ready to hit the shelves this Saturday. Last year, ŞOK market offered its products in 100 items with the price tags from the previous year. Tomorrow, shelves will be filled with dozens of different products ranging from refrigerators to dishwashers, microwave ovens, and air conditioner varieties. The […]

Attention on 16 Million Pensioners: How Much Will Retirement Holiday Bonuses Increase in 2025, How Many TL Will Be Raised?

Details of the study for the increase in retirement holiday bonuses have been revealed. The Ministry of Treasury and Finance, together with the Ministry of Labor and Social Security, as well as Vice President Cevdet Yılmaz and AK Party officials, held a meeting to determine the new bonus amount. Following President Erdoğan’s instructions, discussions at […]

Minister Yumaklı: Red Meat Imports to Be Removed from Our Agenda by 2028

Minister of Agriculture and Forestry, İbrahim Yumaklı, stated that they will remove red meat imports from the agenda of Turkey by the year 2028. Attending the opening of the Çankırı Veterinary Road Control and Inspection Station, Yumaklı said that in the last 23 years, there has been a 71% increase in the number of cattle […]