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ECONOMY
Türkiye Achieves Record Tourism Revenue of $54.3 Billion in 2023
Minister of Culture and Tourism Mehmet Nuri Ersoy disclosed the impressive tourism figures for 2023, revealing a 17% surge in revenue, reaching $54.3 billion. The record-breaking year witnessed 56.7 million visitors, with an average per…
Lebanese Staged Protest in front of Central Bank
Lebanese, who were unable to withdraw their money from banks because the government froze their deposit accounts due to the ongoing economic crisis, took to the streets once again. The protesters gathered in front of the Central Bank…
100 Million Commemorative 5 Lira Coins Enter Turkish Market
In celebration of Türkiye's centenary, the Ministry of Treasury and Finance released 100 million 5 lira commemorative coins into circulation. Distinguished by a stylish design, the new coin showcases Mustafa Kemal Atatürk's silhouette…
Surge in Imported Vehicle Arrivals at Istanbul Port
Aerial footage captured thousands of newly imported vehicles arriving at Haydarpaşa Port in Istanbul, creating intriguing scenes. This influx was linked to Turkey's ongoing current account deficit. The market saw a surge in prices for…
Central Bank of Türkiye Raises 2023 and 2024 Inflation Forecasts
Hafize Gaye Erkan, the President of the Central Bank of the Republic of Türkiye, announced an increase in the inflation forecasts for 2023 and 2024. The 2023 year-end inflation forecast was raised from 58 percent to 65…
Claudia Goldin Wins Nobel Prize in Economics
Claudia Goldin has been awarded the Nobel Prize in Economics for her groundbreaking research on women's roles in the workforce. Her extensive study, based on two centuries of US data, highlights the underrepresentation of…
Türkiye at EXPO Doha 2023 with Spectacular Pavilion
Türkiye participated in Expo Doha 2023 in Qatar with its Turkish pavilion. The pavilion's inauguration was conducted by Minister of Trade Ömer Bolat and Minister of Agriculture and Forestry İbrahim Yumaklı.
The overarching theme of EXPO…
removal of gasoline subsidies protested in nigeria
The Nigeria Labour Congress initiated a nationwide demonstration against the removal of gasoline subsidies in Nigeria. Union members raised their voices in protest, shouting slogans and displaying placards in Lagos.
President Bola Tinubu…
Japan’s Current Account Surplus Plummets 54% in FY 2022
Japan's current account surplus plummeted by 54% in FY 2022 due to a record trade deficit resulting from surging import prices and a weaker yen, as per official data. The surplus fell to ¥9.23tn ($68.85bn), the lowest since 2014, while the…
India’s Retail Inflation Drops to 15-Month Low in March
India's retail inflation dropped to a 15-month low at 5.66% in March, according to data released by the Ministry of Statistics and Program Implementation (MoSPI) on Monday. The fall was mainly due to a decline in the prices of essential…