The central bank announced its second interest rate decision of the year and lowered rates for the third consecutive time. The Central Bank stated that domestic demand remained strong in the fourth quarter. However, continuing interest rate cuts point to risks ahead. Focusing on a target of 29 percent rather than 24 percent may be […]
The European Central Bank (ECB) has reduced its three key policy rates by 25 basis points in line with market expectations. During the first governing council meeting of the year, the bank announced its monetary policy decisions. As a result, the deposit interest rate was lowered from 2.75% to 2.50%. The ECB also cut the […]
The European Union will provide a grant of 62 million euros to the Dutch chip company AxeleraAI. The European Union will grant up to 61.6 million euros (66 million dollars) to AxeleraAI, which produces artificial intelligence chips. This step is reported as part of the EU’s efforts to revitalize the industry. Europe aims to bridge […]
Denmark’s postal service announced that it will cease letter delivery by the end of 2025, resulting in the termination of approximately 1,500 employees. Around 1,500 mailboxes in the country will also start to be removed starting from June. With the increasing use of digital communication tools worldwide, traditional methods like letter writing are becoming obsolete. […]
Food inspections did not slow down during the month of Ramadan, with an updated list of unreliable foods. A company’s baklava was found to contain sunflower seeds. Deceptions were also discovered in sausage, cheese, and olive oil. The Ministry of Agriculture and Forestry expedited food inspections during Ramadan. The updated list included deceptions in sausage, […]
The President of TOBB, Hisarcıklıoğlu, called on banks to reflect the interest rate cut on loans. The President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarcıklıoğlu, shared a post on social media regarding the Central Bank’s interest rate cut. Hisarcıklıoğlu pointed out that the Central Bank reduced the policy rate […]
Following the dispute between President Trump and Zelensky in the Oval Office, as well as the suspension of military aid to Ukraine, an extraordinary summit was held in Brussels. European leaders who invited Zelensky to the meeting delivered messages of support to Ukraine against Russia and the US. European Union (EU) countries gathered in Brussels […]
Fluctuations continue in the foreign exchange market. Developments worldwide have affected the prices of the euro and the dollar. While the Euro reaches its best level in recent times, the dollar is being sold for 36.44 TL. The current exchange rate is being closely monitored live. Last-minute developments in the dollar and euro exchange rates…The […]
The Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision for March. The CBRT, which will hold 8 Monetary Policy Committee meetings this year instead of 12, announced the first interest rate decision of the year in January, reducing the interest rate by 250 basis points to 45 percent. Investors were […]
The deadlines for uploading e-ledgers have been extended for taxpayers whose force majeure status due to the earthquake has ended. The circular of the Revenue Administration Presidency of the Ministry of Treasury and Finance on the subject has been published on the presidency’s website. Accordingly, for taxpayers in Adiyaman, Hatay, Kahramanmaras, Malatya, Gaziantep’s Islahiye and […]
