Economy
Industrial producer prices rose 29.39% annually in August
TÜİK announced that the total industrial producer price index increased by 2.9% monthly and 29.39% annually in August.
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Economy
TÜİK announced that the total industrial producer price index increased by 2.9% monthly and 29.39% annually in August.
Economy
German chemical company Bayer announced it will close its crop protection products plant in Gebze, where it has produced for 60 years, at the end of 2027.
Economy
In banking, new-generation ATMs without a keypad or card slot are becoming widespread. Cash withdrawals and approvals are handled entirely through mobile apps.
Economy
OECD raised its 2026 headline inflation forecast for Türkiye to 31.5% and the 2027 forecast to 24.7%. It revised growth expectations downward.
Economy
Vice President Cevdet Yılmaz announced that a new financing package of 250 billion liras has been made available for companies targeting capacity increases. Yılmaz also reiterated the export target of 450 billion dollars for 2029.
Economy
The Treasury and Finance Ministry authorized BNP Paribas, Citibank, ING Bank and J.P. Morgan for the issuance of 10-year USD-denominated ESG bonds under the 2026 external financing program.
Economy
TMSF announced that it has taken over the management and supervision of Iran-based Bank Mellat, whose operating license BDDK revoked on September 19. After insured deposits are paid, bankruptcy will be sought from the court.
Economy
MASAK announced that in the FATF report published on September 23, Türkiye was found compliant with 38 of the 40 recommendations, and that there was no strategic deficiency or grey list risk. Of the 11 outcomes, 3 were considered largely effective and 8 moderately effective.
Economy
According to Central Bank (TCMB) September data, the share of those planning to buy gold rose to 43 percent while the share of those wanting to turn to real estate fell to 33.6 percent.
Economy
The Asian Development Bank cut Türkiye's 2026 growth forecast to 2.8 percent and raised its inflation forecast to 31.5 percent. In the Central Bank's survey, households' 12-month inflation expectation was 45.6 percent.