News

September 21, 2023

The World Bank will provide Turkey with 35 billion dollars

This was announced by the head of the Ministry of Finance of the Republic Mehmet Şimşek on air of NTV TV channel. This amount the World Bank will provide Turkey for the implementation of a 3-year economic program. The medium-term economic program was announced by Turkish Vice President Cevdet Yılmaz in Ankara and broadcast by all local TV channels. "The inflation forecast is 65% for the end of 2023, 33% for 2024, 15.2% for 2025 and 8.5% for 2026," Cevdet Yılmaz said.
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September 21, 2023

9 Turkish universities have entered the top 500 of the CWTS Leiden Ranking

9 Turkish universities have been ranked among the world's top 500 universities according to the CWTS Leiden Ranking 2023. A total of 206 universities in Turkey were evaluated and 9 of them managed to make it to the Leiden list:
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September 21, 2023

A list of Istanbul neighborhoods with the average cost of housing in each district has been published

The most expensive neighborhood was Sarıyer and the cheapest was Esenyurt. The average cost of housing in the metropolitan area was 4,677,923 liras
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September 21, 2023

Turkey's central bank raised the discount rate to 30% from the previous 25%

"The Monetary Policy Committee of the Central Bank of Turkey raised the discount rate - the one-week auction repo rate - by 500 basis points to 30%," the Turkish central bank said in a statement. Experts had predicted a more cautious increase.
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September 21, 2023

Russian billionaire Roman Abramovich has bought a luxurious mansion on the shore of the Bosphorus Strait in Istanbul

The cost of the mansion is estimated at 18 million dollars. It is located in the district of Uskudar on the shore of the Bosphorus Strait. On a plot of 9600 m2 there are buildings of 2000 m2. Now the mansion is undergoing repair work. It is known that Abramovich has already received permission to build a helipad.
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September 20, 2023

An illegal realtor in Ankara was fined 349,000 liras

The Ministry of Commerce has tightened inspections in the fight against price speculation in the housing sector. Recently, a fine of 349,000 liras was imposed on an illegal realtor who advertised an apartment with a market value of 2.1 to 2.3 million liras for a price of 3.87 million liras in Mamak, Ankara. The fine, was a precedent-setting decision against realtors distorting the market with high prices. Apparently, this time the government has really started to fight against "realtors" working without licenses, certificates and work permits.
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September 20, 2023

Turkish Parliament will consider a preferential mortgage lending program for citizens

It is expected that in October 2023, the Turkish Parliament will introduce a preferential mortgage lending program, under which citizens who are first-time buyers of real estate will be able to get a preferential loan for 180 months at 1.2% per annum.
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September 20, 2023

In January 2024, the minimum wage of a civil servant in Turkey will increase from 22017 liras to 33,000 liras

Minister of Labor and Social Security Vedat Yışıhan, speaking to reporters in Ankara, announced the increase in civil servants' salaries and pensions and other regulations.
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September 20, 2023

Sand lilies have bloomed on the beach in Erdemli

Sand lilies have bloomed on the beach of Alata Horticultural Research Institute in Erdemli district of Mersin. Nature conservation and national parks teams carried out the flower care work. Mevl t Çetin, head of the Erdemli General Directorate of Nature Protection and National Parks, told reporters that sand lilies are endangered. Emphasizing that sand lilies should not be plucked, Çetin reminded of the amount of fine for plucking the flower, "We will impose a fine of 244,315 liras on those who pluck and destroy sand lilies. I hope that citizens will be attentive to the protection of sand lilies."
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September 20, 2023

Free sports clubs for children in Erdemli district of Mersin city

Erdemli Municipality has announced the start of enrollment in sports classes for the new school year. Classes are available for children 7-15 years old in the following areas: soccer, volleyball, archery, tennis, wrestling, gymnastics, swimming, etc.
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September 19, 2023

It turns out that Izmir municipality has a department for LGBT representatives

This was revealed by Izmir Mayor Tun Soyer in a video interview. Tun Soyer said that LGBT representatives can address their problems to the Equality and Justice Department recently established at the city municipality.
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September 19, 2023

A new logistics center is being built in Mersin

In May 2023, the Municipality of Mersin started the implementation of a logistics center project in Nakarli neighborhood of Akdeniz district. The project aims to meet the needs of freight forwarding companies. With the completion of the project, transportation and environmental problems in the city will be eliminated and logistics processes will be managed from a single center.
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