Kategori: Economy

The decline in international oil prices is starting to reflect on the pump. The end of tensions between the US and Iran led to a drop in oil prices, which in turn is expected to result in a decrease in fuel prices. According to information from the sector, a reduction of 2.95 TL is expected…

A new record has been set in the Power of Siberia gas pipeline, a significant economic and trade link between Russia and China. Russian energy giant Gazprom has broken a new record in daily gas supplies to China via the Power of Siberia pipeline, with the third record of the year being set on July…

TÜRK-İŞ has reacted to some employers' demands for a regional minimum wage. The confederation argued that the implementation of a regional minimum wage would harm workers, laborers, and the country. The TÜRK-İŞ Board of Directors recalled that some employers have recently demanded that the minimum wage be determined regionally, arguing that this demand is not…

New regulations designed to protect consumers in internet shopping will come into effect on August 1. These regulations aim to provide more effective protection for consumers against unfair commercial practices and deceptive advertisements created using artificial intelligence in internet shopping. The new rules will bring significant changes to various areas of e-commerce, including digital marketing,…

Germany's venerable battery manufacturer Varta has filed for insolvency, with the application covering four of its companies. Varta, with its 139-year history, is a well-known brand in Turkey as well, and is seeking restructuring. According to a report, the applications, which include Varta AG, Varta Microbattery GmbH, Varta Micro Production GmbH, and Varta Storage GmbH,…

The renowned investment bank Deutsche Bank has revised its forecasts for Turkey, increasing the expected year-end inflation rate for 2026 to 30%. Additionally, the bank predicts that the policy interest rate will rise to 36%. According to Deutsche Bank's analysis, the Central Bank of the Republic of Turkey's (TCMB) decision to maintain the policy interest…

A price hike of 4.18 liras was applied to diesel prices as of today. This increase led to a significant rise in diesel prices, especially in major cities. The price of diesel per liter in the European side of Istanbul rose to 78.49 liras. With the recent price hikes, the total increase in diesel prices…

The administration of US President Donald Trump has introduced a new wave in the trade war by imposing tariffs ranging from 10 to 12.5 percent on over 80 countries. These new tariffs target the largest trading partners of the US, covering almost 99 percent of its imports. The US Trade Representative (USTR) stated that these…

As the moving season picks up in Istanbul, costs are also soaring. In addition to the expenses associated with being a tenant, factors such as real estate commission and the deposit for the new home result in a total cost of around 300,000 lira. The total cost of moving into an apartment with an average…

A retail chain that has been operating since 2012 has officially ceased to exist as a legal entity. Şok Marketler, a leading retail company, has merged with its subsidiary UCZ Mağazacılık, a decision that was approved by the Capital Markets Board. The merger involved the transfer of all assets and liabilities of UCZ Mağazacılık to…