Kategori: Economy

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…

The escalating conflict in the Middle East has led to increased pressure on global oil supplies, affecting oil prices. The global oil benchmark, Brent crude, saw a significant increase of over 6% today, briefly reaching $100.14 per barrel before slightly retreating. In the US, West Texas Intermediate (WTI) crude rose by approximately 5% to $90.98…

The European Central Bank has decided to keep its policy rate unchanged in line with market expectations. The bank highlighted the high uncertainty environment due to energy prices and emphasized that monetary policy will continue to be data-driven and meeting-based. In its statement, the ECB announced that it would keep the refinancing rate at 2.40%,…

The Central Bank Monetary Policy Committee (PPK) interest rate decision met expectations. The policy rate was kept at 37 percent. Economists' expectations were also in this direction. Evaluations made by economists and experts after the PPK meeting decision were considered important. The PPK decision text included assessments regarding the main trend of inflation. The Central…

Gram gold continues to decline, trading at 6,265 liras. Yesterday, following the rise in the ounce price, gram gold completed the day with a 1.3% increase at 6,269 liras. Starting the new day with sales, gram gold is trading at 6,265 liras as of 09:30, with a 0.1% decrease from the previous close. At the…