Employment Obligation for Foreigners Opening Businesses in Turkey
With the presence of more foreigners with businesses in Turkey, the discussion about the commitment of foreigners to start a business and the employment of Turkish workers becomes more important day by day.
Read moreThe stock market started the week with a new record: The market value of BIST 100 exceeded 7 trillion liras
The BIST 100 index, which renewed its weekly closing record last week, rose by approximately 45.5 percent on a lira basis after the completion of the second round elections. After this rise, the market value of the companies increased by 2.2 trillion liras and exceeded 7 trillion for the first time.
Read moreThe "securities" lawsuit filed in the USA was concluded in favor of Ripple
New York Southern District Court Judge Analisa Torres ruled that Ripple did not violate federal securities law by selling the cryptocurrency XRP. Following the decision, Ripple shares rose by over 70%.
Read moreGrayscale: ETF filings could be turning point for Bitcoin
The spot Bitcoin ETF application rush, which asset management companies started last month, continues to occupy the agenda. Accordingly, Grayscale Investments CEO Michael Sonnenshein said that the rain of applications for a spot Bitcoin exchange-traded fund (ETF) is of great importance to Bitcoin.
Read morePositive course in world stock markets: The most profitable stock markets
Despite the increasing recession concerns in the global markets, it was seen that the world stock markets made a profit for their investors. So, which exchanges were the most profitable? Here are the details..
Read moreEyes on pensions after civil servant raise
The fact that the regulation for retirees was not included in the law proposal regarding the raise for civil servants led to an increase in the question marks of the retirees. In the current situation, how much raise will the retired civil servants, SSK and Bağ-Kur retirees get in July? Here are the details...
Read moreExperts commented: Will the rise in Borsa Istanbul continue?
In Borsa Istanbul, the BIST 100 index surpassed the psychological resistance of 6,000 points for the first time in its history, reaching an all-time high. So, what did the experts say against the rise in the stock market, which moved away from its historical peak in dollar terms after the rise in the dollar?
Read moreBitcoin exceeded the $ 30 thousand limit: Will the rally in cryptocurrencies continue?
With the rise in the crypto industry in recent days, Bitcoin, the largest cryptocurrency by transaction volume, has exceeded the limit of 30 thousand dollars. So, will cryptocurrencies continue to rise?
Read moreExchange rates are waiting for the 'interest' decision of the Center: How will the dollar move after the decision?
While the dollar starts from 23.55 liras and the euro from 25.70 liras in the free market in Istanbul; The markets began to wait for the CBRT's interest rate decision to be announced tomorrow.
Read moreDollar rate scissors in Turkey increased investors' demand for 'Tether'
While Turkey has become one of the countries with high cryptocurrency ownership; The interest in the Tether investment, whose price was fixed to the dollar after the scissors that emerged in the currency trading, started to increase.
Read moreBorsa Istanbul became the world's highest-earning stock market last year
While it is seen that 70 of 91 stock markets around the world completed 2022 with losses; Borsa İstanbul stood out as the stock market that provided the highest return on dollar basis among the organized stock exchanges in the world, with 105 percent.
Read moreCritical steps expected to be taken in the economy in the new period
The economy management determined by the new Presidential Cabinet will focus on various steps from sustainable growth to reducing the current account deficit and increasing investments, as well as "fight against inflation" and "social welfare" in the next 5 years.
Read moreThe most expensive travel routes at home and abroad were determined
The report of the plane and bus ticket prices for the first five months of 2023 has been announced. Accordingly, it was seen that the most expensive plane trip was made from Ankara to Argentina with 185 thousand 557 TL.
Read moreCountdown has begun on minimum wage: Critical date is June 5
As the countdown begins for the next July increase in the minimum wage, the Minimum Wage Determination Commission will begin its work after the announcement of the new cabinet. As part of the minimum wage studies, June 5 will be critical due to the inflation report.
Read moreIncreasing demand for gold triggers the rise in prices
Despite the US debt limit dispute being resolved, geopolitical and economic risks are increasing the demand for gold by individual investors and central banks. This demand stands out as the main factor supporting the rise in prices.
Read moreThe era of the Economy of Things is coming: are we ready to entrust our money to objects?
A report published in the UK has revealed that in the next decade, internet-connected devices will make a big impact on money and data commerce, and we could possibly meet the Economy of Things by 2030.
Read moreExchange rates at historical levels: Eyes on the new economy team
After the depreciation of the Turkish Lira since the beginning of the week, new record levels were reached in exchange rates, while a calm course was observed on Thursday as the eyes were turned to the new economy team.
Read moreIn exchange rates, the Grand Bazaar and the sign exchange rate are closed: What is the latest situation in banks?
After the acceleration of the rise in the dollar rate, new record levels were reached; The gap between the Grand Bazaar and the sign board was also closed. So what is the latest situation in banks?
Read moreNew record in gram gold: Signage rate and Grand Bazaar rate
After falling to the lowest level in two months on an ounce basis, gold prices, which tried to recover, broke the record in the interbank (signage) exchange rate in the domestic market, and followed a calm course in the Grand Bazaar.
Read moreBankers calculated: Net reserves of the Central Bank decreased by another 2 billion dollars
Banking sources calculated that the CBRT reserves will decrease by approximately 3 billion dollars in total reserves and 2 billion dollars in net reserves in the week of May 26, the last week before the second round of the elections.
Read moreNew record in Dollar/TL: How high can exchange rates go?
After the elections, the second round of which was completed, a low volatility was observed yesterday due to the holidays in many markets, especially in the USA and England, while a new intraday record came from the dollar on the new day.
Read moreWarning to tourists using cryptocurrencies in their payments from Bali
With the developing technology after changing needs, the usage areas of Bitcoin (BTC) and cryptocurrencies around the world have become widespread, while some governments are trying to take precautions against crypto activities.
Read moreWhat happened on the agenda of Türkiye and the world?: Top 10 developments of the week
While the central bank\\\\\\\\\\\\\\\'s interest rate decision was followed in the country this week, the Fed minutes and US data, which can give an idea about the Fed\\\\\\\\\\\\\\\'s interest rate decision in global markets, were among the most important topics of the week.
Read moreElection mobility in exchange rates: Opening prices in the free market
Before the May 28 elections, the dollar/TL in the interbank market broke a new record with 20.38 this morning in day-ahead transactions, while it was traded just below the 20 lira limit in intraday transactions.
Read moreWhile CDSs broke records, eurobond became the new agenda of the economy
While the focus of the financial markets was shifted to Turkey before the general elections, which are among the most important global developments of 2023; CDSs, on the other hand, reached record levels.
Read more“The rent increase limit remained on paper!”
Economy writer Alaattin Aktaş stated that a 25 percent ceiling has been applied for rent increases for a year and said, “Apparently, this limitation remains on paper. Otherwise, would TÜİK calculate the annual rent increase at the level of 67 percent as of April?
Read moreSinan Ogan made her decision: Announced the candidate she will support in the second round
Sinan Oğan, who was the Presidential candidate of the ATA Alliance in the 14 May election, announced that he would support AKP Chairman Recep Tayyip Erdoğan in the 28 May election.
Read moreReuters sources: Banks will restrict the use of cash advances despite the restriction being lifted
Although the CBRT lifted the restriction on credit card cash advances, which provide low-cost borrowing, Reuters sources did not consider it possible for banks to reach the old prevalence of this type of loan.
Read moreWhat happened on the agenda of Türkiye and the world?: Top 10 developments of the week
While verbal instructions of the central bank were followed after the general elections in the country this week, developments regarding the US debt ceiling in global markets were among the most important topics of the week.
Read moreEconomists evaluated: What is the expectation for the dollar after the election?
Economists revealed the possible course of the dollar/TL after the election and the cost of the fluctuation in the exchange rate to the economy, after a hectic week with the Central Bank's instructions for the banking sector.
Read moreThe best-selling car brands in April were announced
While Volkswagen, Fiat and Renault were the most preferred brands in the second-hand online vehicle market in Turkey last month, Egea in passenger cars and Doblo in light commercial vehicles were the best-selling vehicles on model basis.
Read moreNew foreign exchange move from the Central Bank: Banks\' purchase limit has been reduced
The Central Bank of the Republic of Turkey, taking a new step towards reducing the foreign exchange demand, reduced the daily foreign exchange purchase limit of banks by 25 percent.
Read moreAllegation of "record pre-election spending" against the Directorate of Communications
It was claimed that the Directorate of Communications spent 282 million 963 thousand TL in April and this expenditure constituted 43.72 percent of the expenditure realized in the first quarter of 2023.
Read moreInauguration of Literature Museum in Buyukada Island, Istanbul
After the restoration of the historic Haritonidis mansion on Buyukada Island, which is the largest island in the waters of the Marmara Sea of Istanbul, this place became the \"Library of Buyukada Literature Museum\".
Read moreLower dollar rate in Kapalıçarşı
While the dollar/TL continued to rise in the interbank market, the dollar exchange rate, which had exceeded 22 levels in the Grand Bazaar, dropped to the level of 20 again. Thus, the gap between the interbank rate and the Grand Bazaar rate was almost closed.
Read more“Turkey made strategic mistakes in the housing sector”
Hakan Bucak, Chief Executive Officer of Mars Real Estate, stated that Turkey made strategic mistakes in the housing sector and said that the expected "hyper supply period" in the housing sector this year has passed.
Read moreYSK Chairman Ahmet Yener new statement: Latest figures shared
YSK Chairman Ahmet Yener stated that there is a 99 percent rate of opening in the country in the elections, “Currently, the number of unopened ballot boxes in the country is 27. Mr. Recep Tayyip Erdoğan has 49.40 percent of the vote, and Mr. Kemal Kılıçdaroğlu has 44.96 percent of the vote. Data entry continues.
Read moreMahfi Eğilmez wrote: Possible dollar exchange rate movements after the election and their reasons
Former Undersecretary of Treasury Mahfi Eğilmez wrote an article on her blog where she evaluated the change in exchange rates under different scenarios before the general elections.
Read moreDollar / TL exceeded 21 in Grand Bazaar: Volatility in exchange rates reached the peak of 16 months
While the dollar/TL approached the level of 19.60 in interbank transactions, with the day before the May 14 elections, it was priced at the level of 21.25 in the Grand Bazaar. The volatility in Dollar/TL has reached the highest level of the last 16 months.
Read moreWhat is the minimum wage for a public worker?
The public collective bargaining agreement protocol, which concerns more than 700 thousand workers, has been published. According to the protocol, as of January 1, 2023, the lowest gross salary of the public worker was 21 thousand 750 TL.
Read morePost-election exchange rate forecast from Babushcu: Two different scenarios for USD/TL
Former Deputy General Manager of Ziraat Bank and Head of the Department of International Finance and Banking at Başkent University Prof. Dr. Şenol Babuşcu said that the dollar/TL can rise to 29 if the People's Alliance wins the elections, and it can be positioned between 19-21 levels if the Nation Alliance wins.
Read moreFormer TurkStat head replied: "Can inflation data be adjusted retrospectively? Will salary increases be changed according to real data?"
Former TurkStat President Birol Aydemir stated that the low inflation announced by TURKSTAT made the people impoverished and shared her views on the economy and the election agenda.
Read moreExorbitant rent increases can lead to up to 3 years in prison
Kayseri Bar Association Attorney Gizem Gül Uzun warned the landlords who want to rent more than the equivalent value of the house and said, "Hosts who raise rents exorbitantly can be sentenced to prison for between 1 and 3 years." said.
Read moreRetirement salary and minimum wage statement from Erdogan
Presidential candidate Erdoğan stated that they will make an arrangement regarding pensions above 7 thousand 500 liras after the election, and that they will reconsider the minimum wage and that they will increase the welfare share in the salaries of civil servants in July.
Read moreElectricity prices set for tomorrow
The price of 1 megawatt-hour electricity in the spot market was determined as 2 thousand 600 liras at the highest and 1248 liras at the lowest for tomorrow. The transaction volume in the spot electricity market has reached 1 billion 50 million 743 thousand 703 liras with an increase of 65 percent today. The price of 1 megawatt-hour of electricity in the day-ahead market was determined as 2 thousand 600 liras at the highest and 1248 liras at the lowest for tomorrow. In the spot market, 1 megawatt hour of electricity was traded today at the highest 2,600 lira and the lowest 1248 lira.
Read moreRetail prices in Istanbul increased by 6246 percent annually in April
According to the Istanbul Chamber of Commerce (ITO) data, the annual increase in retail prices in April was 6246 percent. ITO announced that in April 2023, the Istanbul Wage Workers' Livelihood Index, which is an indicator of retail price movements, increased by 457 percent compared to the previous month, while the Wholesale Price Index, which reflects wholesale price movements, increased by 314 percent.
Read moreThe decision of the Central Bank of Türkiye on interest rates
While the central bank's interest rate decision was followed in the country this week, US economic data, which could affect the Fed's interest rate decision in global markets, were among the most important topics of the week.
Read moreIncreasing demand for foreign currency has put the CBRT's gross reserves into a difficult situation.
While the limited depreciation of the Turkish lira continued before the upcoming elections; Due to the increasing foreign exchange demand, the decline in the Central Bank's (CBRT) reserves has deepened.
Read moreIn the first quarter of 2023, tourism revenues increased by 32% and tourism expenditures increased by 110%.
Turkey's tourism income increased by 32.3 percent in the first quarter of 2023 compared to the same period of the previous year, while tourism expenditures increased by 110.5 percent.
Read moreThe new rate of the dollar in Turkey: the industrialists started to base the dollar on 21 lira.
The industrialists stated that after the gap between the buying and selling rates in the exchange rate increased, the banks also lost money in the big market due to the divergence of prices from the market.
Read moreThe exchange rate also confused the fuel industry
The increase in the difference between the official exchange rate and the market rate in the exchange rate and the increase in the bank purchase and sale price above one lira also caused confusion in the fuel sector. Based on this, the importing companies stated that they are concerned about the state of this sector.
Read moreDollar rate reaction from exporters: Many exporters exchange their foreign currency in the Grand Bazaar
Exporters, who said that the banks had difficulty in determining the price after the difference between the foreign exchange buying and selling rates exceeded 1 lira, stated that they went to the Kapal Bazaar after selling 40 percent of their income to the CBRT.
Read moreThe halving process could take Bitcoin to the $ 50,000 level
It has been claimed that Bitcoin, which has attracted attention with the rise it has exhibited since the beginning of 2023, apart from the retreat it has experienced in the last few days, can raise its value above 50 thousand dollars with the "halving" process, which reduces the supply of cryptocurrencies.
Read more106 million euros of finance from the European Union to Türkiye and 7 member countries
The European Union has announced that it will allocate 106.2 million euros to Turkey and 7 member states of the European Union in order to establish a medical emergency response team in the field of dealing with natural disasters.
Read moreBreaking the record of housing sales to foreigners in Antalya
While the sale of housing to foreigners in Turkey has decreased by 24% in the first 3 months of the year, it has increased by 21% in Antalya. Therefore, in Antalya, which was still accepting immigrants from two countries due to the war between Russia and Ukraine, especially Russian investment in the field of housing was increasing.
Read moreForecast of the stock market today, May 4, 1402 / signal from the car market to the stock market
The news of the release of the blocked funds of car buyers in dealership accounts is a bullish signal for parallel markets. Money that is expected to be sent to the stock market.
Read moreThe hands of the stock market rotate against each other
The trading of shares in Tehran Stock Exchange ended on Wednesday, while the total index stopped rising further and left the sphere and field to the balanced indicator. What can be understood from the pause of the total index on this day?
Read morePresident Erdoğan announced: One month of natural gas, one year of free hot water.
President Recep Tayyip Erdoğan and the head of the Justice and Development Party made a statement at the Black Sea natural gas exploitation ceremony in Filios Zongoldak. In his statement, Erdoğan said: Natural gas needed for kitchens and hot water consumption in our homes will be free for one year.
Read moreThe volume of currency pre-sale auctions settled with TL in 2 days approached 350 million dollars.
In the first two days of trading, after the change of the new procedure in the pre-sale auctions of currency settled with Turkish Lira, which is one of the steps of CBRT within the scope of liraization strategy, the size of the position reached 347 million dollars.
Read moreThe role of the dollar changed / dirham and dollar in the balance
The difference between the dollar rate of the dirham and the free dollar has been reduced to a minimum, which shows that the increasing expectations of the UAE dirham do not threaten the market yet, and the UAE dirham and the Tehran dollar are in balance.
Read moreThe hope of the coin to fluctuate with the dollar
The Imami coin cannot break the boundaries without the help of the dollar, and so far, despite the unwillingness of the global gold ounce to grow, it has been on an upward path, relying on the rise in the price of the dollar.
Read moreThe message of President Erdoğan's legal regulations against excessive rent increases
President Erdoğan answered questions on the agenda live. Erdoğan stated that housing rents in big cities have seriously increased and said: This is moral, not human, we will not allow this opportunism with legal regulations.
Read moreThe growth of capital entering the stock market / Shamli at the top of the stock market
On Monday, the net change of legal to real ownership in the stock market was positive for the fourth consecutive working day, and 888 billion tomans of real money entered the stock market, which has increased by 87% compared to yesterday. Nomad Shamli (Kshavarz National Chemical Company) received the most money with 125 billion tomans.
Read moreThe price of the dollar today 28 April 1402 / coins became expensive, the dollar exchange channel changed
Today, Monday, April 28, 1402, the price of the dollar in the Iranian currency and gold exchange center shows an increase of 116 tomans compared to the previous day, and it shows the number of 42 thousand and 27 tomans.
Read moreAdvancement of one Imami coin/ the reason for the adjustment of increasing expectations in the currency market
The American banknote these days has no upward power and fluctuates at the beginning of the channel of fifty thousand tomans. The political tensions that fueled the growth of currency and coin prices have calmed down and the improvement of some relations has moderated the exchange rate fluctuations.
Read moreOver-the-counter returns in the third week of April / equal weight index is still the leader!
During the trading of the third week of April 1402, the total index of the foreign exchange of Iran grew by 5.76% and the total index of equal weight of the foreign exchange also increased by 7.65%. This week, a symbol of the Iranian exchange was stopped due to capital increase.
Read moreThe dollar price today, April 24, is 1402/dollar, the exchange is waiting for a higher channel
Today, April 24, 1402, the price of the dollar in the exchange center, which had previously crossed the half channel of 41 thousand tomans, still remains near the border of the channel of 42 thousand tomans. The increase in the exchange center prices in recent days is while this price was frozen at the bottom of the channel of 40 thousand tomans for about three weeks.
Read moreWhy do bank tellers have no money? / Khandouzi goes to Arabia
The economic spokesman of the government gave explanations about the fate of the remaining equity shares, the possibility of changing workers' wages and increasing car prices, the relations between Iran and Saudi Arabia, and the problems of bank tellers in providing cash.
Read moreNew warning of the central bank about the sale of currency
According to the announcement of the central bank, some foreign exchange market activists who have acted outside the official systems and beyond the limits of the allowed rates without paying attention to the relevant regulations regarding the sale of foreign currency will be prosecuted in the courts under the title of disrupting the foreign exchange system.
Read moreThe claim that "the central bank of Turkey is collecting currency in the big market" was denied
The claim of the Central Bank's currency collection every day in the Grand Bazaar was denied by the statement of the General Directorate of Communications. Accordingly, it was pointed out that there are no CBRT employees in the images in question.
Read moreWhat is the effect of the actions of the Central Bank of Türkiye on the market?
While the new actions of the central bank forced banks to increase lira deposits and decrease foreign currency deposits. By opening the spread rate in banks, they try to prevent the increase of foreign currency deposits of customers
Read moreThe state of the dollar before the decision of the central bank for the interest rate
While the decline in the dollar index accelerated after the US Federal Reserve's interest rate decision, a horizontal trend prevailed on USD/TL before the Central Bank of the Republic of Turkey's interest rate decision.
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