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Money
US budget deficit reaches $193B in March
Total income stands at $315B versus $508B in expenditure The US federal budget deficit amounted to $193 billion in March,…
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Business
Spanish fashion retail giant Inditex closes 502 stores in Russia
Russia accounts for 8.5% of group’s global earnings Spanish clothing retailer Inditex, the mother company of brands such as Zara,…
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Business
G-20 should boost tax, development aid: Turkish Finance Minister
Turkey’s Treasury and Finance Minister Nureddin Nebati, speaking at the G-20 Finance Ministers and Central Bank Governors Meeting on Friday,…
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Business
Turkey’s TAV posts over $51M net profit in 2021
Turkish airport operator TAV capped 2021 with a net profit of nearly $51.3 million (TL 699.09 million), the company said…
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Real Estate
VAT reduction in housing is coming: How will the double VAT system in housing work?
In the VAT system in housing, a new model comes into play that will relieve both the consumer and the…
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Business
Turkey firm on inflation as retailers urge all-out mobilization
President Recep Tayyip Erdoğan on Monday reiterated the government’s determination to combat rising consumer prices, warning companies of hefty fines…
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Local Turkey
Turkey to exempt defense industry products, services from VAT
Deliveries and services related to Turkey’s defense industry projects carried out by the Ministry of National Defense (MSB) or the…
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Money
Turkey’s budget balance posts $21.6B deficit in 2021
Tax revenues total $131B, interest payments at $20.4B last year, official data shows Turkiye’s central government budget balance posted a…
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Local Turkey
Turkey hikes tax thresholds for some vehicles
Turkey has raised price thresholds for a special consumption tax on vehicles with small combustion engines, while adding more categories,…
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Business
Turkey aims at safe financial base for cryptocurrency market
Mustafa Elitaş, the deputy parliamentary group leader of the ruling Justice and Development Party (AKP), has denied allegations that a…
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