Browsing Category
ECONOMY
Bulgaria Becomes the Latest Member of the Euro Area
Balkan country Bulgaria has become the latest member of euro area, officially joining at midnigt on New Year’s Day, twenty years after its accession to the European Union. The Bulgarian Lev, the national currency in use since…
Türkiye Invites German Automotive Firms to Expand Investment
Turkish Industry and Technology Minister Mehmet Fatih Kacır called on German automotive companies to increase their investments in Türkiye during the 2025 German-Turkish Automotive Summit in Berlin.
Kacır said Türkiye offers a predictable…
Truck Queues Grow as Afghanistan-Pakistan Border Clashes Halt Trade
Renewed clashes between Afghanistan and Pakistan have once again closed key border crossings, leaving hundreds of cargo trucks stranded.
Following the brief 48-hour ceasefire declared on October 15, fighting resumed, forcing the closure of…
Türkiye and China Sign Deal to Boost Food Exports
Türkiye and China signed new trade protocols in Shanghai, paving the way for the export of Turkish salmon, sea bream, sea bass, and almonds to China. Agriculture Minister İbrahim Yumaklı said the agreements mark a key step in expanding…
First Batch of Türkiye’s Togg Cars En Route to Germany
The first batch of domestically produced Togg electric vehicles departed from Gebze by train to be delivered to their new owners in Germany. The train, loaded with T10X and T10F models, passed through the Marmaray Tunnel under the Istanbul…
Turkish Minister Holds Energy Talks in New York
Türkiye’s Energy Minister Alparslan Bayraktar attended the Turkey Investment Conference in New York alongside President Recep Tayyip Erdoğan. Bayraktar met World Bank Executive Anna Bjerde to discuss Türkiye’s energy transition,…
Imported Cars Fill Istanbul Port
Drone footage showed thousands of newly imported vehicles lined up at Haydarpaşa Port in Istanbul, awaiting customs clearance before being sent to dealers. The surge in imports has congested the port and is expected to drive down…
Trump Extends Tariff Truce with China for Another 90 Days
US President Donald Trump has signed an executive order to extend the tariff truce with China for an additional 90 days, preventing the rise of US tariffs on Chinese goods from 30% to 145%. The extension postpones the tariff increase that…
US, EU Agree on 15% Tariff Deal
US President Donald Trump and EU Commission President Ursula Von Der Leyen announced a trade deal with a uniform 15% tariff on cars and goods. The EU will buy $750 billion in US energy, invest $600 billion, and open its market to US…
EU Warns US Tariffs Could Trigger De Facto Trade Ban
EU Trade Commissioner Maros Sefcovic warned that a proposed 30% US tariff on European goods would effectively amount to a trade ban, severely disrupting transatlantic supply chains.
Speaking ahead of the EU Foreign Affairs Council in…