News
T'rkiye's residence permit fees surge by 930% in major policy shift
3+ hour, 11+ min ago (479+ words) T'rkiye's migration policy has entered a new phase. As of May 1, 2026, the Directorate General of Migration Management will implement a sweeping increase in residence permit application fees, raising certain categories by as much as 930%. Under the new schedule, applicants from…...
Erdogan unveils 20-year tax holiday to lure relocating foreign residents
4+ day, 23+ hour ago (670+ words) President Recep Tayyip Erdogan announced a broad package of tax incentives at a ceremony in Istanbul on Friday, pledging to transform T'rkiye into what he called a global center of attraction for international capital, trade and talent. The measures, which…...
T'rkiye may resume rate cuts in July if Iran war pressure eases: Deutsche Bank
1+ week, 1+ day ago (451+ words) German lender Deutsche Bank expects T'rkiye could restart its rate-cutting cycle in July with a 100-basis-point cut, tying the timing to a potential easing of pressure from the Iran war and its impact on inflation and markets. The Central Bank…...
S&P Global sees T'rkiye holding rates at 37% with no cuts expected until December
1+ week, 2+ day ago (437+ words) U. S. -based S&P Global Market Intelligence expects the Central Bank of the Republic of T'rkiye (CBRT) to leave interest rates unchanged at its meeting this week and does not expect rate cuts to resume before December, citing mounting external and…...
Turkish central bank poised to keep rates at 37% at April meeting, say surveys
1+ week, 3+ day ago (611+ words) The Central Bank of the Republic of T'rkiye (CBRT) is likely to keep the policy rate at 37% at its upcoming Monetary Policy Committee (MPC) meeting on Wednesday, April 22, according to surveys conducted among market participants. The decision might mirror the…...
Iran war escalation could push global economy to brink of recession, IMF warns
2+ week, 3+ hour ago (461+ words) The International Monetary Fund warned that a further escalation in the war on Iran and continued disruption to oil markets could push the global economy to the brink of recession, with growth potentially slowing to 2% under its worst-case scenario. Speaking…...
Turkish central bank reserves rebound to $161. 6 B as Iran war pressure eases
2+ week, 6+ day ago (314+ words) The Central Bank of the Republic of T'rkiye's (CBRT) reserves climbed sharply in early April, reversing weeks of war-driven strain and hinting at a partial easing in market stress. The central bank's total reserves rose by 4. 1%, or $6. 3 billion, in the…...
World Bank slashes T'rkiye's 2026 growth to 2. 8% after Iran war inflation surge
3+ week, 39+ min ago (337+ words) T'rkiye's economic expansion is set to slow this year, with growth projected at 2. 8% for 2026, down from an earlier estimate of 3. 7%, according to the World Bank's latest regional update. The revision reflects mounting pressure from higher energy and food prices due…...
Istanbul stocks break sharply higher by over 5%, borrowing costs decline
3+ week, 6+ hour ago (201+ words) T'rkiye's stock exchange, Borsa Istanbul, opened sharply higher on Wednesday, with the benchmark BIST 100 index climbing 3. 3% at the start before extending gains past 5% to move above 13, 570 points, as the U. S. -Iran ceasefire eased pressure across global markets. The rebound follows a…...
Citigroup sees T'rkiye's end-2026 inflation at 29%, expects steady rate in April
3+ week, 2+ day ago (332+ words) T'rkiye's headline inflation is expected to anchor at 29% by end-2026, while the Central Bank of the Republic of T'rkiye (CBRT) is not expected to change its policy rate at the next monetary policy meeting, according to U. S. -based investment bank Citigroup....