In the United States, annual inflation in March came in below expectations at 2.4 percent. Consumer prices, on a monthly basis, declined for the first time since May 2020. Positive signals emerged from inflation data overshadowed by trade wars in the US. In the country, annual inflation in March was announced below expectations at 2.4 […]
A new reduction of 1 lira and 35 kuruş has been applied to the price per liter of gasoline. This decision will be reflected on the signs tonight. As a result, the gasoline price will have decreased by 3 lira and 59 kuruş in two days. The decline in petrol prices has had an impact […]
A pedestrian crossed the road recklessly and was hit by a car in Zonguldak’s Çaycuma district, causing injuries. An investigation has been launched into the accident. In Çaycuma, a pedestrian named Cemalettin G. was hit by a car whose driver remains unidentified. As a result of the collision, the pedestrian suffered minor injuries, prompting the […]
President Recep Tayyip Erdogan is officially welcoming his Indonesian counterpart Prabowo Subianto at the Presidential Complex in Ankara. Indonesian President Prabowo Subianto has arrived in Turkey for an official visit upon the invitation of President Recep Tayyip Erdogan. A formal welcome ceremony is being held for Subianto at the Presidential Complex.
The Presidential Investment Office and the Presidential Finance Office have been merged under one roof. The new structure is named the Presidential Investment and Finance Office. Operating under the presidency, the Presidential Investment and Finance Office will play a central role in attracting foreign direct investments to the country and enhancing the international competitiveness of […]
Luxury fashion giant Prada is set to acquire Versace for 1.38 billion euros. The deal was reached during negotiations between Prada and Capri Holdings. According to the agreement, Prada will purchase Versace for 1.38 billion dollars in cash. The Milan-based company is expected to complete the takeover of Versace in the second half of this […]
After US President Trump suspended additional tariffs for all trade partners except China for 90 days, the EU has announced that they will take a similar step. Ursula von der Leyen, President of the European Commission, shared on her social media account after US President Donald Trump announced the suspension of additional tariffs for trade […]
Switzerland, one of the countries for which US President Trump suspended tariffs for 90 days, is getting closer to the EU amid economic uncertainty and instability. Despite including Switzerland, Trump’s decision to temporarily suspend customs duties imposed recently, except for China, had a shocking impact on Switzerland, a country historically known as a “neutral nation,” […]
Last week saw a withdrawal of 14 billion lira from FX protected deposit accounts. The total FX protected deposit balance fell below 750 billion lira. The decline in FX protected deposit accounts continues. According to the Banking Regulation and Supervision Agency (BRSA) data, it decreased from 758 billion 446 million lira to 744 billion 292 […]
The total reserves of the Central Bank decreased by 2.25 billion dollars in the week of April 4th. The Central Bank of the Republic of Turkey (CBRT) released its weekly currency and banking statistics. As of April 4th, the gross foreign exchange reserves of the Central Bank decreased by 2.771 billion dollars to 77.838 billion […]
