News

The "Official Gazette" published a presidential circular on Turkey s foreign direct investment (FDI) strategy for the period 2024-2028. The main goal is to increase Turkey s share of OFDI to 1.5% by 2028. Between 2003 and 2023, the number of transnational companies in Turkey increased from 5,600 to more than 80,000. Turkey has become a regional economic center, attracting $262 billion in FDI and ranking second in the region in terms of investment. The 2024-2028 strategy aims to transform Turkey from a regional economic center into a global economic power. The paper analyses the impact of global events, such as pandemics and geopolitical tensions, on international investment. Particular attention is given to factors such as proximity to raw materials and markets, diversification of supply chains and sourcing from friendly countries. Eight priority areas for OFDI have been identified: - Climate-friendly investments - Digital investment - Global supply chain investments - High-tech investment - Investment in skilled employment - Investment in value-added services - Skilled financial investment - Investments supporting regional development Action plan 2024 includes 81 activities, The Coordination Board for Improving the Investment Climate will monitor implementation of these measures in conjunction with relevant institutions and organizations.

The special ÖTV consumption tax is a tax on expenditure levied on certain goods or products on a fixed or proportional basis. According to a ruling published in the Official Gazette and which has entered into force, the ÖTV rate will vary from 30 to 70% for hybrid cars plug-in hybrid (for hybrid cars with a CO2 emission of less than 25 grams and a range of 70 km or more). Previously, the ÖTV rate for such cars was 80%. The ÖTV tax rates would therefore be applied as follows: for cars with an engine capacity of 1600 cc or less, a base value of 1,350,000 lire - 30% ÖTV for cars with an engine capacity of not more than 1600 cc and a base value of more than 1350000 lire - 60% ÖTV for cars with an engine capacity of 1600 cc or less, a base value of 1,350,000 lire - 30% ÖTV for cars with an engine capacity of more than 1600 cc and a base value of more than 1350000 lire 70% ÖTV Car market experts have suggested that the biggest discount will be given to BYD car buyers. BYD s advertising sites sell cars with zero mileage for 2 million 150 thousand liras. Assuming that dealers will also give such a price, the price after taking into account the reduced tax is expected to be around 1 million 320 thousand pounds (indicative calculation). Using the BMW X1 xDrive30e, experts expect a reduction in its cost from 4 million 87 thousand liras to 3 million 632 thousand 887 liras. The price of DS 9 OPÉRA E-TENSE 250, which is 4 million 478 thousand 100 liras, should be reduced to 3 million 980 thousand 532 liras, taking into account the new rules. The ÖTV tax reduction has already entered into force.

In the Çılgın Sayısal Loto lottery, organized by the National Lottery Organization, the jackpot, which was played for several weeks, reached a record amount and finally found its holder. The man who correctly guessed 6 lucky numbers won a jackpot of 460,913,735 lire (almost $14 million). This win was the biggest jackpot in the history of gambling in Turkey. The name and city of the winner is not disclosed. The previous record jackpot was won in a New Year s Eve National Lottery draw on the night of 31 December 2023, and amounted to 400 million lire (over $12 million).

The Istanbul Festival, which is being organized for the third time this year, is preparing to bring together music and entertainment fans in the Festival Park Yenikapı. During the festival, which will take place from 2 to 18 August, the last subway and Marmaray trains will be extended. Metro services will be extended until 00.30 Last year, the Istanbul Festival was visited by more than 800 thousand visitors. The park covers 120 thousand square meters. The parking lot is designed for 8,000 cars. Festival Park Yenikapı is located at the intersection of important subway lines, which provides easy access for visitors coming from both European and Asian sides. During the festival, additional service will be added from Yenikapı station until 00:30 to Marmaray services with an interval of 30 minutes. The ticket price starts at 300 lire. 🗓️ 2 - 18 August 2024📍 Aksaray, Kennedy Cd. No:46, Fatih/İstanbul 🎟️ Biletler: istanbulfestivali.com 🕔 Kapı A ılış 16.00.

Turkey is preparing to take its oil and gas exploration and drilling activities to a higher level with the help of 7th ship, which will be added to "energy" country fleet. On 21 July, Erdoğan announced that a new gas vessel had been purchased to be used for the production of gas at the Sacaria gas field. The vessel, 300 meters long and 58 meters wide, will arrive in Turkey in about 2 months. It is planned that the platform will be put into operation to produce natural gas sufficient for 5 million consumers and will serve as a base in the Black Sea for 15-20 years. The Turkish power fleet, established to carry out seismic and drilling operations for natural gas and oil exploration in the seas, currently has 6 vessels: Fatih drilling ships, Yavuz, Kanuni, Abd lhamid Han and seismic vessels Barbaros Hayrettin Paşa and MTA Oru Reis.

At the July meeting of the Coordination Transport Centre of Istanbul City Hall (UKOME), a decision was taken to increase fares for public transport in the province. New tariffs Public transport:full ticket - 20 lirasStudent - 9.76 lirasTeachers - 14.31 lireMonthly student - 282.5 lireTeachers per month - 569 liras Metrobus:full rate - 29.68 liras Marmaray: full ticket 46.94 liras Taxi:taxi fare: 100 lireopening of the counter at 30 lire

The Central Bank of the Republic of Turkey (CBRT) has introduced a new menu of transactions in addition to existing systems EFT, electronic transfers and FAST. The new ATM update introduces prepayment services, including integration with FAST, and offers an alternative option for EFT and IBAN money transfers. Thus, one person can instantly send a payment request to another person. In the future, this system will be used in many areas - from electronic commerce payments to electronic order payments and corporate account payments, providing citizens with a 24-hour and fast service. Important! ATM now has a function of confiscation (swallowing) card in the following cases: - when the password is entered wrong three times- due to technical failure- Card cancelled by bank due to debt- your card s validity has expired- if the card was reported as lost or stolen If the ATM has swallowed your card, contact the bank and report what happened. The bank will tell you about the security of your card, how to return it and may offer to block the card in order to avoid fraudulent actions.

Turkey is the country s record number of visitors to museums and attractions! If for the whole of 2023 tourist attractions of the country visited 12.4 million people, then for the period from January to June 2024 the number of visitors is already 13.8 million. The most popular tourist attractions are: Ephesus - 1.12 million. people.Mevlana Museum in Koni r - 1.1 million. people.Hierapolis - 985.3 people.Neeshhehir Gereme - 501.2 people.Neishir Zelwe-Pashabaklra - 464.1 people.

Turkish Airlines (THY) became the first airline outside the People s Republic of China to finance aircraft in Chinese yuan. Three Airbus A350 aircraft that joined the airline s fleet in May and July of this year were financed in Chinese yuan by AVIC International Leasing and CCB Financial Leasing. As part of its earnings from various currencies and natural hedging strategies, the airline added the Chinese renminbi to its financing portfolio. Continuing to grow in the Chinese market, THY has enriched its portfolio both geographically and in terms of currency, He is working with leading Chinese aircraft finance companies. Professor Ahmet Bolat, Chairman of the Board of Directors and Executive Committee of THY: "We have added another innovation to our achievements in aircraft financing and become the first airline outside of China to finance aircraft in Chinese yuan". Bolat said that, through this method, they sought to protect themselves from exchange-rate pressure and keep the cost of financing at its lowest level. He stressed that the interest shown by Chinese business partners in this innovative financing model is an indicator of trust between institutions and cooperation among countries. The THY aircraft financing team achieved the lowest cost of financing in the sector due to transactions in various currencies. In addition, the team has received annual funding awards from world-renowned organizations such as Global Transport Finance, Airline Economics, Airfinance Journal and Bonds, Loans Sukuk, for its creative financing models. THY has won over 30 international awards in the financing field and has executed financial transactions worth around $16 billion over the past 10 years.

Moody s ajansı T rkiye nin kredi notunu B2'den B3'e 1 adım y kseltti ve kredi derecelendirme tahminini "pozitif"te tuttu". Derecelendirme artışının temel nedenlerinin y netişimdeki iyileşmeler ve "ortodoks para politikasına giderek daha fazla yerleşmiş bir d n ş" olduğu bildirildi". " Raporda, "Enflasyon ve i talep yumuşamaya başladık a, n m zdeki aylarda ve 2025 yılında enflasyonist baskıların hafifletileceğinden giderek daha fazla eminiz" denildi. T rkiye Cumhuriyet Merkez Bankası'nın para politikasına olan g veni hızla arttırdığı ve bunun da T rk lirasına olan g venin artmasına katkıda bulunduğu vurgulandı. Enflasyonun Aralık ayında %45'in altına d şmesi bekleniyor. 2025 yılı sonunda beklenen enflasyon oranı %38'den %30'a d ş r ld %. Fitch ve S P de reytinglerini y kselttiMart ayında uluslararası derecelendirme kuruluşu Fitch Ratings, Turkey in B+'a egemen kredi notunu y kseltti ve derecelendirme tahminini "kararlı"dan "olumlu"ya y kseltti". S P ajansı, Mayıs ayında yapılan yerel se imlerin ardından T rkiye'nin kredi notunu B'den B+'a y kseltti.

The Istanbul Municipality announced that in all municipal cafes of the city (Kent Lokantalar) when paying the bill with the help of İstanbulkart the customer from every 40 lire will be returned 5 lire cash. The full list of İBB Kent Lokantaları municipal cafes with addresses can be viewed at this link: https://tesislerimiz.ibb.istanbul/kent-lokantasi/

The project of a kindergarten and a children s academy named after Hanife Jebeji, which is being built in the Mahmutlar district, has come to an end. Mayor Osman Taryk Ozchelik, who has seen the works on site, thanked all those who contributed to the construction and said that they plan to put the project into operation by the third week of September. The three-storey circular kindergarten is located on an area of 2,800 m2 and has a capacity for 230 children. All the rooms are designed to receive maximum amount of sunlight. The garden has a territory that can be used for agriculture and various studies of nature. On the first floor there are 5 rooms for classes and administrative premises, on the second - a dining room, two rooms for classes with bedrooms and a chess room, and on the third - a cinema, 2 study rooms with one bedroom, music room, library and games room. In addition, a gallery space was designed in the center of the activity zone where children can work together on various works and a natural lighting area, glass-covered.