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- Business
Turks traveling to Georgia to buy iPhones
Turks are traveling to Georgia for “phone tourism” to buy iPhones that are sold at a lower price in the…
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Turkiye: New tax thresholds for cars may take effect in December
Tax thresholds for new vehicles may come into force as of Dec. 1, which can lead to a 7 to…
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Loan package welcomed by tradesmen unions
A loan package announced by President Recep Tayyip Erdoğan has been welcomed by the Confederation of Turkish Tradesmen and Craftsmen…
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Card payments soar 109 percent in July
Payments with credit, prepaid and debit cards increased by 109 percent in July on an annual basis to amount to…
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Ford will open Mustang Mach-E orders for the 2023 model year next week
Prices are going up by at least $2,600 compared with the 2022 trims. Ford is set to open up Mustang…
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Qualcomm to spend $4.2 billion more on chips from GlobalFoundries
Qualcomm agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory, bringing its total commitment…
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Supply problems cause long waits for new passenger cars
Supply shortages are limiting the availability of vehicles in the local market, causing long waits, particularly for passenger cars. Some…
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Tax on some imported EVs raised
An additional 10 percent customs duty has been imposed on electric vehicles that are imported from countries with which Turkiye…
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Turkiye: Additional customs duty on electric car imports increased to 20%
The additional customs duty on electric car imports was increased from 10% to 20%. Additional customs duty on electric car…
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Budget posts 94 billion liras surplus in six months
The central government budget posted a surplus of 93.6 billion Turkish Liras in the first six months of the year,…
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