Türkiye has announced its proposed budget for 2027, totaling approximately 27.28 trillion Turkish lira, equivalent to $550.8 billion. The plan emphasizes reducing inflation, boosting housing investments, and fostering economic growth. …
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Business
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The International Monetary Fund (IMF) has adjusted its global economic growth forecast for 2026, projecting a rise to 3.1%, a slight increase from its earlier estimate of 3.0%. This revision, …
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In a recent phone call, Turkish President Recep Tayyip Erdoğan and Indonesian President Prabowo Subianto engaged in discussions aimed at enhancing bilateral relations between Türkiye and Indonesia. The leaders exchanged …
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Turkish President Recep Tayyip Erdoğan has expressed confidence in the resilience of Türkiye’s capital markets despite recent challenges within the investment fund sector. Following a Cabinet meeting in Ankara, Erdoğan …
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Amid escalating geopolitical interests in the Arctic region, the United States, Denmark, and Greenland have reached a significant agreement to bolster security cooperation in the North Atlantic. This trilateral pact, …
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Türkiye is poised to embark on a new drilling venture aimed at extracting oil from the western Black Sea, marking a significant step in its ongoing efforts to bolster domestic …
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Gold prices continue to hover near the $4,400 per ounce mark as investors await key US inflation data, which could impact the Federal Reserve’s upcoming interest-rate decisions. Spot gold saw …
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Equity markets around the world saw an upswing on Friday, as diminishing prospects for an imminent interest rate hike by the US Federal Reserve lifted investor spirits and drove bond …
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A federal judge has dismissed the U.S. Department of Justice’s bid to compel Google to divest its advertising exchange platform, AdX. This decision permits Google to maintain a crucial component …
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Türkiye Concludes Foreign Exchange-Backed Deposit Program, Impacting Economic Strategy
by admin477351Türkiye has successfully concluded its withdrawal from the foreign exchange-protected deposit scheme, known as KKM, as the account volumes have now reached zero, according to the latest data from banking …