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News
Turkish Steel Sector Closes 2025 with Growth: New Focus on Nearby Markets and Value-Added Products
Following a successful 2025 in exports, the Turkish steel sector is shifting its strategy toward nearby geographical markets and high-value-added products to counter global oversupply and price pressures.
Loom Games Becomes Turkey's New Turcorn: US-based Scopely Acquires Majority Stake
Turkish game studio Loom Games has joined US-based Scopely with a valuation exceeding $1 billion. Following the global success of its game Pixel Flow, the studio reinforces Turkey's position as a major hub in the global gaming ecosystem.
Ministry of Industry and Technology Launches Local Development Initiative: 301 Million TL Support and Tax Reductions
The Ministry of Industry and Technology has announced the Local Development Initiative Program, covering 324 investment areas across 81 provinces with incentives including cash support and tax reductions.
37th Tax Week: Revenue Administration Launches Educational Mobilization for Youth
The Revenue Administration is launching a comprehensive educational program for children and youth as part of the 37th Tax Week. The initiative aims to increase tax awareness through nationwide events across Turkey.
Turkey and ACWA Power Announce $2 Billion Solar Energy Partnership
The Turkish Ministry of Energy and Natural Resources and Saudi-based ACWA Power have signed an agreement to build 2,000 MW solar power plants in Sivas and Karaman. The $2 billion investment is expected to provide electricity for approximately 2.1 million households.
Person Begging with POS Device Goes Viral: Governorates Issue Successive Statements
Footage of a beggar using a POS device for donations has sparked debate on social media. While several governorates denied the video was filmed in their provinces, investigations have shifted to İzmir's Basmane district.
MediaMarkt and TEGV Provide AI Training to 11,000 Children in Earthquake Zone
Through the 'Better with Education' project, MediaMarkt Turkey and TEGV are providing AI and art-focused educational support to over 11,000 children across four provinces in the earthquake-affected region.
METU Establishes "Harvard Model" Investment Fund for 70th Anniversary: $100 Million Target
Middle East Technical University (METU) has launched the "METU70 Venture Capital Investment Fund" to support its ecosystem and entrepreneurs on its 70th anniversary.
Minister Şimşek: Basic Tax Rates Will Not Increase, Luxury Consumption Under Close Watch
Treasury and Finance Minister Mehmet Şimşek announced that basic tax rates such as VAT and Income Tax will not be increased, while luxury spending and the real estate sector will face AI-supported audits.
TUSAŞ to Replicate Kahramankazan Model in Kahramanmaraş: Aiming for a New Aviation Hub
TUSAŞ CEO Mehmet Demiroğlu announced plans to establish an aerospace industry ecosystem in Kahramanmaraş, similar to the one in Ankara's Kahramankazan, by expanding existing investments.
Low Collateral Fraud in Agriculture: Farmers Await New Wholesale Market Law
Farmers are facing significant financial losses due to brokers exploiting low collateral requirements to commit multi-million lira frauds. Producers are calling for the urgent implementation of a new Wholesale Market Law to close regulatory loopholes.
New Regulation for EV Charging Stations from EPDK: Single Price and Credit Card Era
The Energy Market Regulatory Authority (EPDK) has introduced new regulations to simplify pricing at electric vehicle charging stations, mandating single unit prices for AC and DC units and requiring credit card payment options on highways by 2026.