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...

TANKER REPORT - The Bosphorus Strait to Open for One-Way Passage Starting at 12:40 PM

Due to reduced visibility caused by fog, the Istanbul Strait, which had been closed to transit passages, will be reopened for one-way traffic in the afternoon. As...

The Amount of Supervision Applied to Citric Acid Imports Has Been Reduced

The surveillance application amount applied to the import of citric acid has been reduced. A communiqué prepared by the Ministry of Trade has been published in th...

Title: "279.4 Million People Utilized Railways in 2024"

Transportation and Infrastructure Minister Abdulkadir Uraloğlu announced that 279 million 426 thousand 382 citizens benefited from high-speed, mainline, and regio...

Gazprom to Halt Gas Supply to Moldova Starting January 1st

Gazprom announced that it will halt gas supplies to Moldova starting January 1, citing unpaid debts. In an online statement, Gazprom reserved the right to take fu...

The Number of T10X Vehicles on Turkish Roads Reaches 49,676

Foreks - Togg, the global technology brand providing services in the mobility sector in Turkey, introduced 30,093 T10X vehicles to its users in 2024, in line with...

Holzmann: ECB's Next Rate Cut May Take Longer

Forex - ECB Governing Council member and Austrian Central Bank President Robert Holzmann stated that the upcoming interest rate cut by the European Central Bank m...

Yuan Hits Lowest Level Against Dollar Since November 2023 in China

Forex - In China's domestic market, the yuan fell to nearly a 14-month low against the US dollar this morning, reaching a level of 7.3382. Before the market opene...

Gold Prices Rise This Morning, But Calm Trend Anticipated

In the forex market, the price of gold per ounce rose this morning, as investors eagerly anticipate the Fed's interest rate outlook and the customs duty policies ...

End of an Era: 50-Year Gas Transit Agreement Between Russia and Ukraine Concludes, Halting Gas Flow to Europe

Forex - A 50-year transit agreement for the flow of Russian gas through Ukraine to Europe has ended amid the Russia-Ukraine conflict. Following Ukraine's refusal ...

Spot Gold Rises This Morning, But Caution is Advised

Forex - The price of gold per ounce rose this morning, as investors are eagerly anticipating the Fed's outlook on interest rates and President-elect Donald Trump'...

The Default Interest Rate for Late Payments in Goods and Services Supply Set at 53.25%

In the context of overdue payments made to creditors in the supply of goods and services, the default interest rate, when not specified in the contract or when re...

EV100: China’s New Energy Vehicle Sales and Production Set to Surge by 30%

Foreks - EV100 has announced that it expects sales and exports of new energy vehicles in China to grow by 30% in 2025. EV100, an informal and non-profit conferenc...