Economy

The Economic Coordination Council emphasizes need to address inflation and provide long-term social welfare programs

Turkish markets see a surge in returns following the announcement of a 3.16% inflation rate for March

Bank stocks surge with a 30% increase in BIST100, sparking investor interest and prompting analysts to predict further growth

Tera Investment favored some stocks including Anadolu Group Holding, BIM, Sabanci Holding, and Turkish Airlines, as top picks while cautioning against higher-than-expected inflation and other economic uncertainties

Gold prices soar as geopolitical tensions escalate, with the ounce reaching $2288, while eyes remain on U.S. employment data

The commencement of operations at the Sakarya Natural Gas Production Field led to a significant monthly increase of 2 million cubic meters (mcm) in January, accompanied by a substantial 77 mcm rise compared to last year

March inflation data shows a 3.16% rise in the Consumer Price Index (CPI) and 3.29% in the Producer Price Index, with eggs leading the price drop at 10.16%

Despite pre-election forecasts, Turkish lira remains steady, with companies and citizens shifting focus toward domestic currency amid stable market conditions

Wells Fargo suggests significant change in Türkiye's monetary and economic policy, potentially turning a corner for Turkish currency

Foreign economists attribute AK Party's first election defeat since 2002 to high inflation

Despite political shifts, the dollar maintains stability, while gold soars to unprecedented levels following local elections in Türkiye

Economist Omer Faruk Bingol sees potential for economic relief in Türkiye with prudent management and resolution of election uncertainties

US government data shows slight increase in US central bank's preferred inflation measure, driven by surging fuel prices

The International Monetary Fund (IMF) announces immediate $820 million financial assistance to Egypt's government, part of $3 billion aid program approved at end of 2022

The current global cacao shortage is dramatically impacting Easter celebrations this year, driving up chocolate prices and shrinking product sizes, mainly because of challenging harvests in West Africa

Despite perception operations in the first quarter of 2024, the dollar only rose by 9.8% with dollar starting the day at ₺32.3730 and the euro at ₺34.9780

Economists foresee a potential victory for the Turkish lira as it maintains stability amid limited dollar gains

Fitch's latest move upgrades Türkiye Wealth Fund's rating to B+ and signals a positive outlook, highlighting the fund's growing strength in the market

Minister Isikhan announces special discounts, promotional payments, and initiatives to enhance retirees' welfare and declares 2024 the 'Year of Retirees'

Turkish Lira strengthens against the dollar, trading at 32.1725 TL in the free market on March 26, while the Euro starts the day at around 34.92 TL

Due to open margins and high prices, short-term buying and selling in physical gold has become risky, especially with regards to physical gold, according to experts