Electromechanical Industry Aiming for Over $10 Billion in Exports by 2025

The electromechanical industry sector is expected to close 2024 with an export value of approximately $9.5 billion and has set higher targets for 2025. Mustafa Gü...

Private Sector's Total Foreign Debt Surges by $15 Billion to $177.7 Billion in October

As of the end of October, the total credit debt of the private sector obtained from abroad increased by 15.0 billion US dollars, reaching 177.7 billion US dollars...

Housing Price Index Rises 2.8% Monthly and 29.4% Annually, Yet Declines 12% in Real Terms

In November 2024, the Housing Price Index (HPI) increased by 2.8% compared to the previous month. According to the statement made by the Central Bank of the Repub...

RUSAL Appoints Yiğit Kasapoğlu as Turkey Representative Director

Foreks - With over 10 years of experience in the aluminum sector, Yiğit Kasapoğlu has been appointed as the Country Representative Director of RUSAL.

As one of ...

MARKET OVERVIEW - Contemporary Glass Shares Open at Ceiling Price

The shares of Çağdaş Cam Sanayi ve Ticaret AŞ, which were offered to the public on December 11-12, 2024, opened at the ceiling price on their first trading day. T...

Market Overview - The Stock Exchange Kicked Off the Day with Buys

The BIST 100 index started the day with an increase of 14.96 points, reaching 10,012.62 points. According to the Foreks News survey, the BIST 100 index was expect...

New EU Tax Rate Implementation for Items Coming from TRNC to Turkey

Goods brought directly from the Turkish Republic of Northern Cyprus (TRNC) to Turkey will be subject to the same customs duties as those coming from European Unio...

The Payment Process for Creditors of the Bankrupt Crypto Exchange FTX Begins

Users affected by the collapse of the crypto exchange FTX will be able to receive distributions through Kraken and BitGo under a bankruptcy plan effective January...

Indonesia's Refined Tin Exports Decline by 21.47% Year-Over-Year in November

In November, Indonesia's refined tin exports decreased by 21.47% year-on-year. According to data published by the Ministry of Trade, Indonesia's refined tin expor...

MKE Announces Signing of Agreements to Establish a Modern Ammunition Factory in Kosovo to NATO Standards

Foreks announced that the Mechanical and Chemical Industry Corporation (MKE) has signed agreements to establish a modern factory in Kosovo for producing NATO-stan...

SECO Lowers Growth Forecast for Switzerland

The Swiss Federal Government's Expert Group on Business Cycles (SECO) has slightly reduced its economic growth forecast for 2025 due to a delay in the recovery of...

ISO/Bahçıvan: We Have Established World-Class Manufacturing Competence in the Defense Industry

The sixth Defense Industry Meetings, organized by the Istanbul Chamber of Industry (ISO) and SAHA Istanbul to contribute to the strengthening of Turkey's defense ...

Machine Exports Reach $25.8 Billion in 11 Months

According to the consolidated data from the machinery manufacturing industry, Turkey's total machinery exports, including free zones, reached $25.8 billion by the...

Turkish Automotive Industry: Navigating a Challenging Period of Demand and Profitability

BS Finance - The Turkish automotive market is divided into two different halves regarding expectations for 2025. According to the latest report published by HSBC,...

Treasury Conducts 11 Billion TL ROT Sales Ahead of Auctions

The Treasury made a total of 11 billion TRY in competitive non-competitive bids (ROT) sales to public institutions and market makers ahead of two auctions schedul...

IBS Insurance/Farmer: Climate Change Insurance Losses Surpass $100 Billion for the Fifth Consecutive Time

As the world bids farewell to 2024, experts are highlighting significant risks that await us in the upcoming years, urging preventive measures. Key risks that may...

Armada Food/Sonmez: Anticipating a 10% Revenue Increase with the Return of the Syrian Market

Forex - With the end of Bashar al-Assad's regime in Syria, the suspended relations between Turkey and Syria are expected to be reassigned. Fethi K. Sönmez, Chairm...

Business Sentiment in Germany Deteriorates More Than Expected

Foreks - Business confidence in Germany deteriorated more than expected in December. According to a survey conducted by ifo, the business climate index fell to 84...

The Bell Rings for Çagdaş Cam at Borsa Istanbul

Foreks - Modern Glass, a company that owns Turkey's first design center in the glass sector and has the largest glass processing capacity in Europe, has successfu...

Over 11.2 Million Passengers Traveled on the Istanbul-Konya High-Speed Rail Line in 10 Years

Foreks - The Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, reported that 11.2 million passengers have traveled on the Istanbul-Konya High-Speed T...

Rehn: The Pace of Interest Rate Cuts Will Be Determined Based on Data and Analysis at Each Meeting

Forex - Olli Rehn, a member of the European Central Bank (ECB) Governing Council and Governor of the Bank of Finland, stated that inflation in the Eurozone has st...