News

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20 Feb 2023

Brent

Daily News

BRENT Oil had lost its rising bottom form. In line with our expectations, it fell to 82.60. Reactions from the level may carry the price above 84.40 and if th...

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20 Feb 2023

Insurance experts in the earthquake zone to assess damage

Daily News

Ahmet Nedim Erdem, Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Insurance Experts Executive Committee (SEİK) and the Turkish Insuran...

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20 Feb 2023

Highest monthly increase in overseas PPI in 7 months

Daily News

According to TurkStat data, overseas PPI increased by 4.00 percent in January 2023 compared to the previous month, 4.00 percent compared to December of the previo...

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20 Feb 2023

Minister Çavuşoğlu met with his US counterpart Blinken

Daily News

Foreign Minister Mevlüt Çavuşoğlu met with US Secretary of State Antony Blinken at the Presidential Complex. The two ministers participated in inter-delegation ta...

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20 Feb 2023

TPAO's exploration licenses in the Black Sea have been extended

Daily News

It has been decided to extend the license period of 21 oil exploration fields of the Turkish Petroleum Corporation (TPAO) located in the Exclusive Economic Zone i...

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20 Feb 2023

Automotive started the year with increased production

Daily News

According to OSD data, automobile production increased by 48 percent to 70,723 units. The Automotive Manufacturers Association (OSD) announced the production and ...

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20 Feb 2023

Vakıfbank provided $1.8 billion in funding

Daily News

VakıfBank has completed a Diversifed Payment Rights (DPR) securitization transaction totaling approximately $1.8 billion, including $1.7 billion and €75 million. ...

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20 Feb 2023

US plans new sanctions on Russia

Daily News

The Biden administration is planning to impose new export controls and sanctions on Russia. According to Bloomberg News, citing sources familiar with the matter, ...

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20 Feb 2023

The People's Bank of China has not changed the benchmark loan interest rate

Daily News

As the Chinese economy shows more signs of recovery from the pandemic-induced recession, the People's Bank of China, as expected, left its benchmark lending rate ...

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20 Feb 2023

Asian stock markets mixed

Daily News

Asian stock markets were mostly mixed on Monday ahead of economic data releases. Asia-Pacific markets were mixed on Monday as investors awaited a raft of economic...

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17 Feb 2023

Swiss Re: Earthquake damages for Turkey still under assessment

Daily News

Swiss Re CFO John Dacey announced that the damage caused by the earthquake in Turkey and Syria is still being assessed. John Dacey, CFO of Zurich-based insurance ...

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17 Feb 2023

976.5 million TL and 97 million dollar contract from Aselsan

Daily News

An additional contract worth 976.5 million lira and 97 million dollars was signed between Aselsan and the Presidency of Defense Industries for radar procurement. ...

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17 Feb 2023

Futures natural gas prices in Europe hit 17-month low

Daily News

Natural gas futures in Europe continued their decline due to mild weather and LNG shipments as an alternative to Russian gas, falling below 50 euros for the first...

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17 Feb 2023

158,183 damage reports were made to DASK from the earthquake area

Daily News

It was stated that the first damage payment was made by the Natural Disaster Insurance Institution (DASK) less than 24 hours after the earthquake and that damage ...

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17 Feb 2023

448 out of 870 bank branches are providing service in the earthquake zone

Daily News

According to the statement by the Banks Association of Turkey, 448 out of 870 bank branches are providing service, while 2,977 out of 4,131 ATMs are operational i...

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16 Feb 2023

Death toll from earthquakes exceeds 36,000

Daily News

AFAD announced that as of 09:00, 36,187 people lost their lives and 108,068 people were injured in the earthquakes. A total of 36,187 people lost their lives in t...

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16 Feb 2023

EBRD cuts growth forecast for Türkiye

Daily News

The European Bank for Reconstruction and Development (EBRD) stated that it found it reasonable that the disasters would reduce Turkey’s GDP by 1 percent, and lowe...

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16 Feb 2023

Private sector's foreign debt decreased in December

Daily News

As of the end of December, the total credit debt of the private sector from abroad decreased by $7.0 billion compared to the end of 2021, reaching $160.1 billion....

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16 Feb 2023

Investment incentive for Cengiz Holding company

Daily News

The investment project to be made by Eti Alüminyum AŞ in Konya will benefit from incentives such as 100 percent tax reduction and 85 percent investment contributi...

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16 Feb 2023

10 thousand lira household support payments to earthquake victims have begun

Daily News

AFAD announced that the ‘Household Support Payments’ amounting to 10,000 Turkish Lira to be given to earthquake victims whose homes were damaged in the earthquake...

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16 Feb 2023

Lagarde: ECB to continue raising rates due to price pressures

Daily News

European Central Bank President Christine Lagarde said that inflation pressures in the euro zone remain high and the ECB will continue to raise interest rates to ...

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