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Some 550 billion liras withdrawn with reserve requirements

Some 550 billion Turkish Liras were withdrawn from the system after reserve requirement ratios for Turkish lira deposits and FX-protected deposits (KKM accounts) were raised, the Central Bank has said.

Banks profit rises 32 percent in January-April, show data

The combined net income of Turkish banks increased by 32 percent in the first four months of 2024 from a year ago to 190.7 billion Turkish Liras ($5.94 billion), show data from the Banking Regulation and Supervision Agency (BDDK).

Ministry enforces digital tracking for elevator maintenance

The Industry and Technology Ministry has introduced new regulations requiring technical services to digitally record and archive lift maintenance activities for six months, following several accidents resulting in deaths and injuries.

Turkish ICT sector grows 83 percent last year

Turkish ICT sector grows 83 percent last year
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Parliament OKs bill to set up new body to strengthen Foreign Ministry

Parliament OKs bill to set up new body to strengthen Foreign Ministry
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