Kategori: Economy

The Ministry of Trade is introducing a new regulation for second-hand phones and other refurbished products. The regulation, which will come into effect on August 1, 2026, will strengthen consumer rights and increase sector supervision. Consumers will have the right to cancel their purchase within 14 days without giving any reason. A 1-year warranty will…

According to the new regulations published in the Official Gazette, the identity verification of non-Turkish citizens can be done remotely as part of the fight against financial crimes. New rules for passport verification, address confirmation, and money transfers have come into effect, while MASAK audits will also be tightened. As part of the fight against…

The Turkish Ministry of Commerce has published the 'Regulation on Refurbished Products' in the Official Gazette. The new regulation, which will come into effect on August 1, 2026, will allow consumers to return refurbished products purchased from physical stores within 14 days without giving any reason. Under this new regulation, consumers will be able to…

The rapid increase in jet fuel prices is forcing German airline giant Lufthansa to make a significant decision. The company will temporarily ground about 40 of its aircraft, which account for around 5% of its fleet. Lufthansa plans to withdraw older, more fuel-hungry aircraft from service if the fuel shortage deepens. These include wide-body planes…

President Recep Tayyip Erdogan attended the 33rd General Assembly of the Turkish Exporters' Assembly (TİM) and the Export Champions Award Ceremony. President Erdogan emphasized that Turkey has maintained its uninterrupted growth over the past 23 years. As a country integrated with the world, the momentum gained in exports continues in 2026. "The rise in our…

Volkswagen, one of the world's largest automakers, is planning to lay off up to 100,000 employees, representing 15% of its global workforce, over the next few years. The layoffs will come alongside the planned closure of four factories in Germany and a 15% reduction in investments over the next five years. The company is also…

The Secure Payment System, designed to prevent real estate fraud, was initially set to launch on July 1 but has now been postponed to October 1. The system aims to create a secure payment environment for buyers and sellers in real estate transactions. The postponement was announced by the Ministry of Trade, which stated that…

Gold prices continue to decline due to inflation concerns following the US-Iran war, a strong dollar index, and expectations of interest rate hikes by the Fed. The price of an ounce of gold has fallen below $4,000, while gram gold has dropped below 6,000 lira after reaching a record high of 7,800 lira in February.…

With the arrival of the month of Muharram, preparations for ashura are in full swing. However, this year, the increase in food prices means that ashura lovers will have to dig deeper into their pockets. The cost of a pot of ashura for 8-10 people varies between 550-850 TL, depending on the variety of ingredients…

Tech giant Apple has decided to increase the prices of some of its products due to the recent high rise in chip costs. As a result, the prices of products such as iMac, MacBook, iPad, and Vision Pro have increased. However, products like iPhone, Apple Watch, and AirPods have not been affected by this price…