Category: Daily News

BY ZEYNEP GURCANLI It did not attract much attention between the election and the earthquake agenda, but Ankara hosted an important foreign visitor at the beginning of the last week. Iraqi Prime Minister Mohammed Shia Al-Sudani paid his first official visit to Turkey. The two agenda items came to the fore during his visit, as...

BY ALAATTIN AKTAS On May 14, one leg of the election will be completed and the parliamentary election will be over. Maybe the new president will be determined that day or the elector will vote for the second tour on May 28. But even if only the parliamentary election ends on May 14, the picture...

The Central Bank, which held the Ordinary General Assembly meeting yesterday, didn’t include the information about the cost of the FX-protected TRY deposit accounts (KKM) borne by the bank in its activity report. The bank also didn’t distribute the profit and loss and profit appropriation statements at the meeting, which paved the way for criticism....

The size of the damage determined in the agriculture, manufacturing, and tourism industries in 11 provinces affected by twin quakes on February 6 is calculated at TRY 181.1bn, according to the latest report by the Presidency of Strategy and Budget. The biggest damage is in the manufacturing industry at TRY 154.7bn. The size of the...

The European Union (EU) members, which have approved Germany’s ‘e-fuel’ proposal, agreed on the ban of non-carbon vehicle sales by 2035. Vehicles with internal combustion engines can only be registered as new if they can be filled with carbon-neutral fuels, according to the decision. “If we don’t manufacture vehicles complying with this decision, we’ll lose...

The Central Bank’s Monetary Policy Committee (PPK) has decided to keep the policy rate (one-week repo auction rate) constant at 8.5% in line with market expectations. Here is the PPK statement: “Although recently released data point to a stronger economic activity than anticipated, recession concerns in developed economies as a result of geopolitical risks and...

BY ZEYNEP GURCANLI The Middle East storm is brewing. China’s entrance into the Middle East equation by achieving the Iran-Saudi Arabia reconciliation disturbs the U.S., which has seen this region as its backyard for years. However, Washington is not the only one disturbed by the entrance of China into the equation. Russia also began to...

BY FATIH OZATAY The financing needed to raise the quake-hit region, and meet the necessary support to those, who lost their homes and jobs, is estimated at around USD 150bn, according to a report by the Economic Policy Research Foundation of Turkey (TEPAV). USD 88bn stems from construction expenditures. One of the determinants of this...

Compensation receivables of eligible workers who started their retirement procedures after the regulation regarding the victims of delayed pension age (EYT) entered into force, led to a cash and payment rush in many enterprises. Some companies don’t put into process the resignations of their employees as the banks haven’t allocated loans yet, while others choose...