Turkey Financial News

Golden Visa program, aimed at addressing the pressure on the country's property market. Investors seeking residency rights will now need to invest a minimum of €800,000 ($873,280) in popular areas like Athens, Thessaloniki, Mykonos, Santorini, and other islands with a population exceeding 3,100 inhabitants, according to a statement from the Finance Ministry. This adjustment follows a previous doubling of the required investment amount in popular areas, raising it to €500,000 in August. Additionally, in other parts of the country, the minimum investment threshold will rise to €400,000 from €250,000. Investors are limited to purchasing a single property with a minimum surface area of 120 square meters (1291.7 square feet), which cannot be utilized for short-term rental purposes. Effective from March 31, the revised investment thresholds aim to bolster the supply of long-term rental housing and mitigate the impact of the Golden Visa program on housing costs, as per the ministry's statement.

WTO) that they have reached a mutually agreed solution on the outstanding dispute on poultry imports from Washington, thereby resolving all of their seven disputes at the global trade watchdog. In 2015, India lost a long-pending dispute over poultry imports from the US at the WTO. India had prohibited the import of various agricultural products from the US because of concerns related to Avian Influenza.

Turkey’s central bank has raised its key interest rate by 5 percentage points, resuming a policy of rate hikes aimed at combating soaring inflation that is causing households severe economic pain

interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The bank's monetary policy committee decided to raise the policy rate from 45 percent to 50 percent, with a statement citing «the deterioration in the inflation outlook».

In a collection of letters, FTX users around the globe have asked for their crypto assets instead of being reimbursed with US dollars.

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Google marked the arrival of Nowruz 2024, the Persian New Year, with a vibrant Google Doodle on Tuesday. This special Doodle, created by Iranian artist Pendar Yousefi, captures the essence of Nowruz, which translates to «new day» in Persian.

ISTANBUL (Reuters) -Turkey's competition authority imposed on Monday an interim measure on Meta Platforms Inc (NASDAQ:META) meant to hinder data sharing between the Instagram and Threads platforms as it investigates possible abuse of the company's dominant market position.

Also Read | North Korea Fires Ballistic Missile as Blinken Visits Seoul The IRS officer also raised concerns about the undue pressure such advertisements could place on students and called upon the Education Ministry and Union Minister for Women and Child Development Smriti Irani to take note of these "advertising malpractices." Bhatia asserted that “no institute has the right to shame students to claim its superiority." Also Read | Dividend paying stock Oil India share price to trade ex-dividend today In the controversial advertisement, FIITJEE traced the student's performance history while at the institute and claimed that she could have scored a perfect 100 NTA score in JEE-Mains 2024 if she had remained with them, dismissing the contribution of the "EVIL institute" as negative. Also Read | Turkey Finance Chief Highlights Central Bank Policy Independence Meanwhile, Sridhar Vembu, said, “India has to get out of this ultra-competitive exam pressure on children and young adults.

UEFA, the governing body of European soccer, is looking to secure sponsors from the crypto exchange sector for the upcoming 2024-2027 cycle of its prestigious men’s Champions League (UCL) club competition. 

Amul is known for its wide range of products — and for its witty ads featuring the iconic Amul Girl. Last week, it came up with another smashing one that got us chortling — 'Chaicrosoft!' with the tagline 'Gatesway to taste!' It showed an Amul-ised Bill Gates and by-now celebrity roadside tea-seller from Nagpur, Sunil Patil, a.k.a. Dolly Chaiwala. Gates crossed paths with Dolly during his recent visit to India to attend the pre-wedding festivities of Anant Ambani. Passing through Nagpur, he was taken to the best-known chai cart on Ravindra Nath Tagore Marg. With his signature style of brewing and vending tea from his mobile unit, his funky glasses, chains and accessories — not to mention his style-bhai enthusiasm for his craft — Dolly has some 1.5 mn followers on Instagram. He must have added at least a few thousands more to his kitty after Bill from Washington state shared the by-now famous video of his visit to Dolly Ki Tapri last week. Dolly's chai is reportedly a concoction of tea leaves, milk, cardamom, and crushed ginger. Nothing too special about that — except the stylish way he serves it. He pours the milk into the saucepan with a flourish and then shuffles cups before handing them to customers. His fashion sense and antics seem to be inspired by Turkish meat artist superstar Salt Bae (born Nusret Gokce), whose technique for preparing, seasoning and serving meat in his restaurants across the world wowed the likes of Maradona and Devid Beckham. And it clearly works for Dolly.

Recep Tayyip Erdogan, whose NATO-member country has sought to balance its close relations with both Ukraine and Russia, offered during a visit Friday from Ukrainian President Volodymyr Zelenskyy to host a peace summit between the two countries. Erdogan, who has repeatedly discussed brokering a peace deal, said at a news conference in Istanbul following his meeting with Zelenskyy that he hoped Russia would be on board with Turkey’s offer.

Ukrainian President Volodymyr Zelenskyy is in Istanbul for talks with Turkish President Recep Tayyip Erdogan

The Turkish energy minister says Turkey and Somalia have struck an oil and gas cooperation agreement for the Horn of Africa nation

A post shared by TasteAtlas (@tasteatlas) Indian filter coffee is brewed using a simple and effective coffee filter machine. The process involves boiling water in a vessel called a "decanter" and adding the finely ground coffee powder to the filter. The coffee is then brewed slowly, resulting in a rich and flavorful cup of coffee.

The Middle East franchisee of Starbucks has begun firing some 2,000 staff at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip

Mercedes-Benz expects India to become its third biggest market in its 'Region Overseas' over the next 2-3 years with demand anticipated to remain strong for luxury products, according to a senior company executive. The Region Overseas for Mercedes Benz comprises 118 countries, excluding North America, Europe and China. India is the fifth largest market in the region after Japan, South Korea, Australia and Turkey. The sales gap between India and Turkey is around 8,000 units per year.

The Indian Express. Pakistan has also decided to hold its National Day celebrations in New Delhi for the first time since 2019. For India until May this year -- when the Lok Sabha poll results would be declared, it will be a wait and watch situation to assess the vision of the Pakistan’s military-backed new Sharif-Zardari government.

cryptocurrency markets, major tokens were trading mixed on Friday. While Bitcoin fell 1.4% in the last 24 hours and traded at $61,349 around 11:24 am IST, other major cryptos such as Solana, Toncoin, Avalanche, Toncoin, and Litecoin soared up to 8%. The other laggards in the pack were Ethereum, BNB, and Dogecoin, which were down by up to 5.5%. «Following its surge to $64,000, Bitcoin is now stabilizing around $61,000, prompted by a spike in liquidations. Nevertheless, Bitcoin has already set new records highs in local currencies across numerous countries, including China, Japan, the UK, India, Argentina, Turkey, Egypt, and more showing demand and resilience,» said Edul Patel, CEO of Mudrex.

India is expected to see 50% growth in ultra-high networth individuals (UHNIs) in next five years, said a new report on Wednesday.

Ramadan started on March 24 and finished on April 21. In countries like United Arab Emirates, Bahrain, Kuwait, Lebanon, Oman, Pakistan, Saudi Arabia, UK, US, Turkey, Maldives, Ramadan is likely to start on 11 March. In India, Bangladesh, Indonesia, Egypt, Ramadan is likely to start from 12 March, a report by Hindustan Times has states.