Tag : Turkey

Business

Türkiye raises power and gas prices by up to 25%

manamalive.com
ANKARA: Türkiye has raised electricity and natural gas prices for households and several business categories, with the biggest increases reaching 25% and taking effect on April 4. The Energy Market Regulatory Authority said residential electricity tariffs...
Russia embraces cryptocurrencies to counter sanctions and grow trade
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Russia embraces cryptocurrencies to counter sanctions and grow trade

manamalive.com
Russia has begun utilizing Bitcoin and other cryptocurrencies for international payments as part of its efforts to mitigate the impact of Western sanctions, according to Finance Minister Anton Siluanov. The move follows legislative changes enabling...
Central bank of Turkey lifts benchmark interest rate to 35 percent amid inflation woes
Business

Central bank of Turkey lifts benchmark interest rate to 35 percet amid inflation woes

manamalive.com
In a decisive move to tackle rampant inflation, Turkey's central bank announced a significant hike to its benchmark interest rate from 30% to 35% this Thursday. This adjustment aligns with the forecasts made by economists...