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 ...

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...

ECB/Lagarde: 2024 Will Be a Dynamic Year, and 2025 Seems Just as Exciting!

Forex - European Central Bank (ECB) President Christine Lagarde stated, "2024 will be a dynamic year, and 2025 seems to be at least as exciting," expressing hope ...

Private Sector Indicator for Manufacturing Activity in China Rises Again

The private sector indicator for China's manufacturing sector showed that manufacturing continued to expand in December, but at a slower pace, and that recent sti...

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...

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...

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...

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...

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...

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...

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...

Nippon Steel Proposes Veto Right to U.S. Government to Secure Acquisition of U.S. Steel - Washington Post

Investing.com -- According to reports, Nippon Steel proposed granting the U.S. government a veto right against any reduction in U.S. Steel's production capacity i...

Treasury to Issue Guidance on Access to Hydrogen Tax Credits - Reuters

The U.S. Department of the Treasury plans to issue guidance this weekend regarding access to tax credits for hydrogen production as part of the 2022 Inflation Red...

Amazon Faces Class Action Over Allegations of $350 Million Misuse of 401(k) Funds

Investing.com -- Amazon (NASDAQ:AMZN).com is facing a proposed class action lawsuit for allegedly misusing approximately $350 million in unvested 401(k) funds in ...

Market Overview: Key Insights

Forex -

Summary Information on Markets

• December 31, 2024 -

Istanbul Stock Exchange Equity Market

BIST 100 Index Close 9,830.56

BIST 100 Daily Change -59.1...

Market Overview: The Stock Exchange Concluded the Last Trading Day of the Year in a Downward Trend

The BIST 100 index closed the day with a decrease of 59.15 points, finishing at 9830.56. According to the Foreks News survey, a closing increase of 12.0 points wa...

MARKET OVERVIEW - Oil Prices Rise on the Year's Final Trading Day

Futures oil prices rose on the final trading day of 2024, nearing the levels at which they started the year. Chinese data supported this upward trend, with the ma...

President Erdoğan's New Year Message

President Recep Tayyip Erdoğan emphasized in his New Year message that they are working towards a Turkey without terrorism, highlighting their determination to in...

No Increase in Natural Gas Prices for January

BOTAŞ has announced that it will keep the natural gas sale tariffs unchanged for January. There will be no changes to the prices of natural gas used by residentia...

Treasury Auction Schedule

Forex -

Issue Date
Value Date
Maturity
Bond Type
Coupon (Months)
Term (Years)
Term (Days)
Method

The issue calendar for January is provisi...

What Tax Increases and Spending Changes to Expect in 2025?

In the new year, the rates for passports, driving licenses, and mobile phone fees have been clarified. According to the regulations published in the Official Gaze...