Ministry of Trade Imposes 10 Million TL Fine on Businesses for Price Gouging in Just Three Days

The Ministry of Commerce imposed an administrative monetary fine of 10 million TL on businesses applying excessive pricing within three days following the announc...

TABLE - Treasury Financing Program for January, February, and March

Forex -

2025 2025* 2025*

(Billion TRY)
January
February
March

Payments
265.2
239.1
249.2

Domestic Debt Service
225.4
108.8
99.9

Prin...

Today's Official Gazette - December 29

Forex - REGULATIONS –– Regulation of the Distance Education Application and Research Center of İnönü University –– Regulation on Amendments to the Associate Degre...

Market Overview: Key Insights

Forex -

Summary Information on Markets

• December 31, 2024 -

Istanbul Stock Exchange Equity Market

BIST 100 Index Close 9,830.56

BIST 100 Daily Change -59.1...

The Price of Plastic Bags Will Be 50 Kurush in the New Year

In 2019, the Ministry of Environment, Urbanization, and Climate Change implemented a fee for plastic bags, which will be set at 50 kuruş starting from January 1, ...

Market Overview: The Stock Exchange Concluded the Last Trading Day of the Year in a Downward Trend

The BIST 100 index closed the day with a decrease of 59.15 points, finishing at 9830.56. According to the Foreks News survey, a closing increase of 12.0 points wa...

Credit Rating Agencies' Turkey Calendar for 2025 Has Been Set: Moody's and Fitch Expected in January

Forex - The international credit rating agency Moody's has set two credit rating review dates for Turkey in 2025. Following other agencies, Moody's has also publi...

Amazon Faces Class Action Over Allegations of $350 Million Misuse of 401(k) Funds

Investing.com -- Amazon (NASDAQ:AMZN).com is facing a proposed class action lawsuit for allegedly misusing approximately $350 million in unvested 401(k) funds in ...

Lightning: Minimum Wage Increases Above Inflation

The Minister of Treasury and Finance, Mehmet Şimşek, stated that the minimum wage has increased above inflation. In a statement made through his X account, he not...

Nippon Steel Proposes Veto Right to U.S. Government to Secure Acquisition of U.S. Steel - Washington Post

Investing.com -- According to reports, Nippon Steel proposed granting the U.S. government a veto right against any reduction in U.S. Steel's production capacity i...

Environmental Law Leads to 43.93% Increase in Recovery Contributions for Certain Products in 2025

According to the Environmental Law, the recovery contribution fees for certain products will increase by 43.93% in 2025. The "Communiqué on the Recovery Contribut...

Treasury to Issue Guidance on Access to Hydrogen Tax Credits - Reuters

The U.S. Department of the Treasury plans to issue guidance this weekend regarding access to tax credits for hydrogen production as part of the 2022 Inflation Red...

Exporters Granted Additional Time for Duty and Fee Exemptions Under Inward Processing Regime

Forex - Export companies have been granted an extension for the implementation of tax, fee, and charge exemptions under the inward processing regime.

The change...

Weekly API Crude Oil and Petroleum Products Stocks in the U.S.

Forex -

API Stocks
Net Change
(Barrel)

Date
Oil
Gasoline
Distillates

December 27, 2024
-1,442,000
2,200,000
5,700,000

December 20, 202...

Marmarabirlik Aims for $37 Million in Exports by 2025

Forex - Marmarabirlik has shared its foreign trade targets for the year 2025 with the public. The Chairman of Marmarabirlik's Board of Directors, Hidamet Asa, ann...

Palandöken: The Retail Sector Must Be Updated Without Delay

Foreks - The President of TESK, Bendevi Palandöken, expressed hopes that the new year will be a year of growth and development for tradespeople and artisans, stat...

MAPEG Launches Conditional Tender for Gold or Copper Production Facility at Group IV Mining Site in Kırklareli

The Ministry of Energy and Natural Resources' General Directorate of Mining and Petroleum Affairs (MAPEG) has launched a conditional tender for the establishment ...

Turk Telekom CEO Onal: "We're Bringing Fiber Speed to Every Corner of Turkey"

Foreks - Türk Telekom, which continues fiber infrastructure works throughout Turkey to build a digital future, welcomed the new year with field operations carried...

Karsan Delivers Three e-ATAK Buses to Istanbul Güngören Municipality

Karsan (IS:KARSN), which operates over 1,300 electric vehicles across 23 countries, has delivered 3 units of the e-ATAK model to the Güngören Municipality in Ista...

Retail Prices in Istanbul Rose by 1.74% in December

In December 2024, in Istanbul, the Istanbul Consumer Prices Index, which reflects retail price movements, increased by 1.74% compared to the previous month. The W...

Arar Petroleum Applies for Four New Oil Exploration Licenses

Foreks - Arar Petroleum and Gas Exploration Production Marketing Inc. has applied for four oil exploration licenses. Announcements related to this matter have bee...