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The Central Bank of the Republic of Turkey (TCMB) reduced interest by 250 basis points: 47.50%
Expectation: 48.50%
#Türkiye #XmasCryptoMiracles
Expectation: 48.50%
#Türkiye #XmasCryptoMiracles
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Dear Brothers and Sisters,
Currently, many people are sharing that there will be a ban on global stock exchanges, short selling and leveraged transactions that allow crypto assets in Turkey.
But of course many of you did not understand the terms used.
I don't think other major global exchanges like #Binance will be closed. This is just an intimidation. It is to force the exchanges to obtain a license. If the license is not obtained, they will completely close the application and implement the band throttling plan!
I don't think such a thing will be implemented. There are billions of dollars worth of investments received from pre-sale sites! These can be resolved through cold wallets. Cold wallets are an important factor because it is not known who they belong to! Anyone who wants to can easily not pay taxes.
These major stock exchanges want to impose a taxable requirement of 1% for CMB (Capital Markets Board) and 1% for TUBITAK. What is the relevance of TUBITAK, is that it will evaluate the listing of Digital Assets.
I am satisfied with these rates, brother. Whatever I earn, 2% should go to the state. But if I make a loss, this rate should be deducted from taxes! Whatever we say right now is useless. There will definitely be a mutual request for time and it will be spread over a period of time. It won't happen this evening or tomorrow morning, friends.
No one needs to panic.
interlocutors,
#Binance and #türkiye government.
Currently, many people are sharing that there will be a ban on global stock exchanges, short selling and leveraged transactions that allow crypto assets in Turkey.
But of course many of you did not understand the terms used.
I don't think other major global exchanges like #Binance will be closed. This is just an intimidation. It is to force the exchanges to obtain a license. If the license is not obtained, they will completely close the application and implement the band throttling plan!
I don't think such a thing will be implemented. There are billions of dollars worth of investments received from pre-sale sites! These can be resolved through cold wallets. Cold wallets are an important factor because it is not known who they belong to! Anyone who wants to can easily not pay taxes.
These major stock exchanges want to impose a taxable requirement of 1% for CMB (Capital Markets Board) and 1% for TUBITAK. What is the relevance of TUBITAK, is that it will evaluate the listing of Digital Assets.
I am satisfied with these rates, brother. Whatever I earn, 2% should go to the state. But if I make a loss, this rate should be deducted from taxes! Whatever we say right now is useless. There will definitely be a mutual request for time and it will be spread over a period of time. It won't happen this evening or tomorrow morning, friends.
No one needs to panic.
interlocutors,
#Binance and #türkiye government.
S&P Raises Turkey's Credit Rating. 🇹🇷⚡
In a significant move, Standard & Poor's (S&P) has upgraded Turkey's credit rating from "B" to "B+", marking a notable milestone in the country's economic journey. This upgrade is not merely a numerical adjustment but a testament to Turkey's resilience in overcoming economic challenges and implementing robust fiscal and monetary policies.
Timothy Ash, Senior Strategist at Bluebay Asset Management, hailed Turkey's progress, highlighting the nation's ability to navigate through turbulent economic waters. Analysts anticipate further upgrades from other credit rating agencies, with Moody's potentially considering a one-notch raise, given the positive trajectory.
The importance of sustainable economic policies cannot be overstated, as emphasized by Prof. Dr. Erhan Aslanoğlu from Istanbul Topkapı University. He underscores the need for consensus on income policies and price adjustments to address inflationary pressures effectively.
S&P's assessment underscores the importance of consistent and well-executed economic strategies for future upgrades. Moody's shift from a "stable" to a "positive" outlook in January and Fitch Ratings' recent upgrade further solidify Turkey's economic prospects.
The upgrade in Turkey's credit rating is more than just a symbolic gesture; it reflects the collective efforts of policymakers and economic stakeholders in steering the country towards a path of sustainable growth and stability. As Turkey continues to implement prudent economic policies, investors and analysts alike are optimistic about the nation's economic trajectory in the years to come.
#S&P #Turkey #türkiye #economy #Standard&Poor's
In a significant move, Standard & Poor's (S&P) has upgraded Turkey's credit rating from "B" to "B+", marking a notable milestone in the country's economic journey. This upgrade is not merely a numerical adjustment but a testament to Turkey's resilience in overcoming economic challenges and implementing robust fiscal and monetary policies.
Timothy Ash, Senior Strategist at Bluebay Asset Management, hailed Turkey's progress, highlighting the nation's ability to navigate through turbulent economic waters. Analysts anticipate further upgrades from other credit rating agencies, with Moody's potentially considering a one-notch raise, given the positive trajectory.
The importance of sustainable economic policies cannot be overstated, as emphasized by Prof. Dr. Erhan Aslanoğlu from Istanbul Topkapı University. He underscores the need for consensus on income policies and price adjustments to address inflationary pressures effectively.
S&P's assessment underscores the importance of consistent and well-executed economic strategies for future upgrades. Moody's shift from a "stable" to a "positive" outlook in January and Fitch Ratings' recent upgrade further solidify Turkey's economic prospects.
The upgrade in Turkey's credit rating is more than just a symbolic gesture; it reflects the collective efforts of policymakers and economic stakeholders in steering the country towards a path of sustainable growth and stability. As Turkey continues to implement prudent economic policies, investors and analysts alike are optimistic about the nation's economic trajectory in the years to come.
#S&P #Turkey #türkiye #economy #Standard&Poor's
Turkey Invests in High-Tech Future.🇹🇷🔮🥏
President Erdoğan has unveiled a comprehensive plan to boost Turkey's high-tech industries, focusing on chip manufacturing, battery production, solar energy, and R&D investments.
📍Chip Factory:
A $5 billion grant package aims to establish an industrial-scale chip factory in Turkey, boosting the country's chip design and production capabilities.
📍Battery Production:
Incentives will support battery production, with a goal of reaching 80-gigawatt capacity by 2030.
📍Solar Energy:
Grants will be provided for solar energy projects, encouraging the development of a 15-gigawatt capacity per cell.
📍R&D Investments:
The government will cover 50% of personnel expenses for the R&D centers of the world's top 1,000 firms, attracting investments and expertise.
📍High-Tech Support:
$30 billion will be allocated to high-tech areas like data centers and robotic systems, further stimulating innovation and growth.
Overall, this ambitious plan demonstrates Turkey's commitment to becoming a major player in the global high-tech landscape.
#Turkey #türkiye #RTE #RecepTayyipErdoğan #tecnology
President Erdoğan has unveiled a comprehensive plan to boost Turkey's high-tech industries, focusing on chip manufacturing, battery production, solar energy, and R&D investments.
📍Chip Factory:
A $5 billion grant package aims to establish an industrial-scale chip factory in Turkey, boosting the country's chip design and production capabilities.
📍Battery Production:
Incentives will support battery production, with a goal of reaching 80-gigawatt capacity by 2030.
📍Solar Energy:
Grants will be provided for solar energy projects, encouraging the development of a 15-gigawatt capacity per cell.
📍R&D Investments:
The government will cover 50% of personnel expenses for the R&D centers of the world's top 1,000 firms, attracting investments and expertise.
📍High-Tech Support:
$30 billion will be allocated to high-tech areas like data centers and robotic systems, further stimulating innovation and growth.
Overall, this ambitious plan demonstrates Turkey's commitment to becoming a major player in the global high-tech landscape.
#Turkey #türkiye #RTE #RecepTayyipErdoğan #tecnology
Turkey's Remarkable Renewable Energy Surge in 2023. ⚡🔋🇹🇷
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
In a groundbreaking revelation, Energy and Natural Resources Minister Alparslan Bayraktar unveiled Turkey's extraordinary surge in electricity capacity in 2023, with a remarkable 99.5% driven by renewable energy sources.
⚡ Renewable Dominance:
Bayraktar emphasized the monumental shift, with an astonishing 99.5% of the 2,858 megawatt increase in electricity capacity attributed to renewables. This underlines Turkey's commitment to a sustainable energy landscape.
⚡ Carbon Neutrality Goals:
Highlighting a bold pledge to achieve carbon neutrality by 2053, Bayraktar underscored the pivotal role of renewable energy. The total renewable energy capacity now stands at an impressive 59,236 megawatts.
⚡ Energy Transformation:
The energy transformation aligns seamlessly with the 2053 carbon neutrality objectives, positioning renewable energy as the primary driver of this transformative change.
⚡ Production and Capacity Share:
In 2023, Turkey generated 326.3 terawatt-hours of electricity, with renewables contributing 42% to production and holding 56% of the total installed capacity. Ambitious goals include pushing the renewable capacity share to 65% and production to 55% by 2035.
⚡ Diverse Renewable Portfolio:
The electricity capacity distribution boasts contributions from various renewables, including wind (11,803.3 MW), solar (11,315.6 MW), hydro (23,650.2 MW), and geothermal (1,691.3 MW).
This monumental shift not only showcases Turkey's commitment to sustainable practices but also sets a powerful precedent for nations striving to embrace renewable energy and achieve ambitious environmental goals. Turkey's journey stands as a beacon, illuminating the path towards a greener and more sustainable future for the entire world.
#Turkey #energy #türkiye #Turkish
Stardust Igniting Global Innovation.
In the heart of Mardin/Nusaybin, a revolutionary organization emerged on December 22, 2023. Stardust was born with a simple yet powerful vision: to democratize access to science and technology opportunities for everyone, regardless of their background.
This groundbreaking initiative operates on three fundamental pillars. First, they bridge the gap between talent and opportunity, ensuring that promising individuals aren't held back by circumstance. By identifying and nurturing potential, Stardust Squad helps transform dreams into reality in the competitive world of science and technology.
Education stands as another cornerstone of their mission. Through carefully crafted training programs and dynamic events, participants gain invaluable knowledge and practical skills. These educational initiatives go beyond traditional learning, offering hands-on experience and real-world applications.
Perhaps most significantly, Stardust has cultivated a vibrant community where science and technology enthusiasts come together to share ideas and inspire one another. This collaborative environment has become a breeding ground for innovation and creativity.
The impact of Stardust extends far beyond its educational programs. By embracing diverse perspectives and talents, they're reshaping the landscape of science and technology. Their inclusive approach ensures that voices from all backgrounds contribute to the conversation, leading to richer, more innovative solutions.
Participants in Stardust's programs find themselves part of an extensive professional network. These connections often spark collaborations, leading to groundbreaking projects and career opportunities that might otherwise never have materialized.
Through their commitment to equal opportunity, education, and community building, Stardust is more than just an organization – it's a movement toward a more inclusive and innovative future in science and technology.
#Stardust #StardustSquad #Turkey #türkiye
This groundbreaking initiative operates on three fundamental pillars. First, they bridge the gap between talent and opportunity, ensuring that promising individuals aren't held back by circumstance. By identifying and nurturing potential, Stardust Squad helps transform dreams into reality in the competitive world of science and technology.
Education stands as another cornerstone of their mission. Through carefully crafted training programs and dynamic events, participants gain invaluable knowledge and practical skills. These educational initiatives go beyond traditional learning, offering hands-on experience and real-world applications.
Perhaps most significantly, Stardust has cultivated a vibrant community where science and technology enthusiasts come together to share ideas and inspire one another. This collaborative environment has become a breeding ground for innovation and creativity.
The impact of Stardust extends far beyond its educational programs. By embracing diverse perspectives and talents, they're reshaping the landscape of science and technology. Their inclusive approach ensures that voices from all backgrounds contribute to the conversation, leading to richer, more innovative solutions.
Participants in Stardust's programs find themselves part of an extensive professional network. These connections often spark collaborations, leading to groundbreaking projects and career opportunities that might otherwise never have materialized.
Through their commitment to equal opportunity, education, and community building, Stardust is more than just an organization – it's a movement toward a more inclusive and innovative future in science and technology.
#Stardust #StardustSquad #Turkey #türkiye
World Bank's Updated Forecasts and Key Highlights on the Turkish Economy. 🌐🇹🇷
Humberto Lopez, the World Bank's Country Director for Turkey, has attracted attention with his latest assessments of the Turkish economy. Lopez praised the progress in fighting inflation and hinted that growth forecasts could be revised upwards.
🌐 Inflation and Growth: A New Era?
Lopez agreed with Minister Şimşek and Central Bank Governor Karahan's view that inflation has peaked, painting a positive picture. The high growth figures for the first quarter might lead to a reassessment of the 2024-2025 growth forecasts. However, concerns about the balanced distribution of growth were also voiced.
🌐 Tax Reform: Expectations and Realities
Responding to questions about tax reform, Lopez appreciated the administration's efforts to improve the tax system. However, he noted that they had not yet seen the details of the reform, making it difficult to comment.
🌐 Wage Increases and Poverty: A Double-Edged Sword
The World Bank's report indicated that wage increases could reduce poverty in the short term, but inequality in growth might overshadow this effect. Lopez highlighted Turkey's success in reducing poverty over the past two decades, but noted that the shrinking agricultural sector and high inflation have increased inequality.
🌐 Macroeconomic Policies and Structural Reforms: Moving Forward Together
Lopez believes that reducing inflation will have positive effects on growth and income inequality, but emphasized that structural reforms should not be neglected. He particularly stressed the importance of education and labor market reforms.
🌐 Investment Environment and Future Outlook: Is There a Ray of Hope?
Addressing questions about the stability of the Turkish lira and the investment environment, Lopez expressed confidence in the Central Bank's policies and considered Turkey an attractive country for long-term investments.
#WorldBank #Turkey #türkiye #inflation #TurkishLira
Humberto Lopez, the World Bank's Country Director for Turkey, has attracted attention with his latest assessments of the Turkish economy. Lopez praised the progress in fighting inflation and hinted that growth forecasts could be revised upwards.
🌐 Inflation and Growth: A New Era?
Lopez agreed with Minister Şimşek and Central Bank Governor Karahan's view that inflation has peaked, painting a positive picture. The high growth figures for the first quarter might lead to a reassessment of the 2024-2025 growth forecasts. However, concerns about the balanced distribution of growth were also voiced.
🌐 Tax Reform: Expectations and Realities
Responding to questions about tax reform, Lopez appreciated the administration's efforts to improve the tax system. However, he noted that they had not yet seen the details of the reform, making it difficult to comment.
🌐 Wage Increases and Poverty: A Double-Edged Sword
The World Bank's report indicated that wage increases could reduce poverty in the short term, but inequality in growth might overshadow this effect. Lopez highlighted Turkey's success in reducing poverty over the past two decades, but noted that the shrinking agricultural sector and high inflation have increased inequality.
🌐 Macroeconomic Policies and Structural Reforms: Moving Forward Together
Lopez believes that reducing inflation will have positive effects on growth and income inequality, but emphasized that structural reforms should not be neglected. He particularly stressed the importance of education and labor market reforms.
🌐 Investment Environment and Future Outlook: Is There a Ray of Hope?
Addressing questions about the stability of the Turkish lira and the investment environment, Lopez expressed confidence in the Central Bank's policies and considered Turkey an attractive country for long-term investments.
#WorldBank #Turkey #türkiye #inflation #TurkishLira
Tera Portföy Sponsors Turkish Innovation to Bring Web Summit Lisbon 2024
Tera Portföy, the dynamic subsidiary of Tera Yatırım, has announced an ambitious sponsorship program targeting ten promising Turkish startups. This initiative aims to showcase the best of Turkish innovation at Web Summit Lisbon, scheduled for November 11-14, 2024, in Portugal's historic capital.
A Gateway to Global Recognition
Web Summit Lisbon stands as a beacon in the technology conference landscape, drawing an impressive gathering of over 70,000 participants from more than 120 nations. This prestigious event has earned its reputation as the epicenter of global tech innovation, offering an unparalleled platform for networking, knowledge exchange, and business development.
Power of Strategic Sponsorship
Tera Portföy's sponsorship package represents a significant opportunity for selected startups. The carefully crafted support includes coveted booth space and event access passes, providing Turkish entrepreneurs with a direct channel to showcase their innovations to a discerning global audience. While participants will need to manage their own travel arrangements and accommodation, the value of the provided exhibition space and networking opportunities far outweighs these considerations.
An All-Star Tech Gathering
The 2024 edition of Web Summit promises to be particularly memorable, featuring an impressive roster of over 1,200 speakers. The event's agenda reads like a who's who of global innovation, with luminaries such as Pharrell Williams bringing his creative perspective, Brad Smith sharing corporate innovation insights, Meredith Whittaker discussing ethical tech development, and Thomas Wolf exploring the frontiers of artificial intelligence.
Cutting-Edge Focus Areas
This year's summit zeroes in on the most transformative areas of technology, including:
Advanced Artificial Intelligence ApplicationsRevolutionary Fintech SolutionsNext-Generation E-commerce PlatformsInnovative SaaS DevelopmentsEmerging Entrepreneurship Trends
Opening Doors for Turkish Innovation
For Turkish startups, this sponsorship represents more than just event participation—it's a gateway to global opportunities. The initiative positions these emerging companies at the heart of the international tech ecosystem, offering unprecedented access to:
Global Investment NetworksStrategic Partnership OpportunitiesInternational Market InsightsIndustry-Leading ExpertiseValuable Customer Connections
Selection Process
Ambitious Turkish startups eager to seize this opportunity can submit their applications through Tera Portföy's dedicated platform. The selection process aims to identify companies that not only demonstrate innovative potential but also show readiness to engage with the global market.
Beyond the Summit
The impact of this initiative extends far beyond the four-day event. By facilitating Turkish startups' participation in Web Summit Lisbon, Tera Portföy is investing in the future of Turkey's tech ecosystem. The connections and insights gained at the summit can catalyze long-term growth and international expansion for participating companies.
A Strategic Investment in Turkey's Tech Future
This sponsorship program reflects Tera Portföy's commitment to nurturing Turkey's burgeoning tech sector. By bridging the gap between local innovation and global markets, the initiative supports the broader goal of establishing Turkey as a significant player in the international tech landscape.
Building Tomorrow's Success Stories
The selected startups will join a global conversation about technology's future, potentially leading to:
Transformative Partnership OpportunitiesAccess to International InvestmentEnhanced Global Market UnderstandingAccelerated Growth TrajectoriesStrengthened Industry Connections
With the upcoming November summit, excitement grows in Turkey's startup community. Tera Portföy’s initiative could signal a new era for Turkish tech, offering entrepreneurs a chance to shine globally. As applications open, startups are racing to secure a place in this game-changing program, poised to reshape Turkey’s tech future on the world stage.
#TurkishStartup #WebSummitLisbon #Portugal #Turkey #türkiye
A Gateway to Global Recognition
Web Summit Lisbon stands as a beacon in the technology conference landscape, drawing an impressive gathering of over 70,000 participants from more than 120 nations. This prestigious event has earned its reputation as the epicenter of global tech innovation, offering an unparalleled platform for networking, knowledge exchange, and business development.
Power of Strategic Sponsorship
Tera Portföy's sponsorship package represents a significant opportunity for selected startups. The carefully crafted support includes coveted booth space and event access passes, providing Turkish entrepreneurs with a direct channel to showcase their innovations to a discerning global audience. While participants will need to manage their own travel arrangements and accommodation, the value of the provided exhibition space and networking opportunities far outweighs these considerations.
An All-Star Tech Gathering
The 2024 edition of Web Summit promises to be particularly memorable, featuring an impressive roster of over 1,200 speakers. The event's agenda reads like a who's who of global innovation, with luminaries such as Pharrell Williams bringing his creative perspective, Brad Smith sharing corporate innovation insights, Meredith Whittaker discussing ethical tech development, and Thomas Wolf exploring the frontiers of artificial intelligence.
Cutting-Edge Focus Areas
This year's summit zeroes in on the most transformative areas of technology, including:
Advanced Artificial Intelligence ApplicationsRevolutionary Fintech SolutionsNext-Generation E-commerce PlatformsInnovative SaaS DevelopmentsEmerging Entrepreneurship Trends
Opening Doors for Turkish Innovation
For Turkish startups, this sponsorship represents more than just event participation—it's a gateway to global opportunities. The initiative positions these emerging companies at the heart of the international tech ecosystem, offering unprecedented access to:
Global Investment NetworksStrategic Partnership OpportunitiesInternational Market InsightsIndustry-Leading ExpertiseValuable Customer Connections
Selection Process
Ambitious Turkish startups eager to seize this opportunity can submit their applications through Tera Portföy's dedicated platform. The selection process aims to identify companies that not only demonstrate innovative potential but also show readiness to engage with the global market.
Beyond the Summit
The impact of this initiative extends far beyond the four-day event. By facilitating Turkish startups' participation in Web Summit Lisbon, Tera Portföy is investing in the future of Turkey's tech ecosystem. The connections and insights gained at the summit can catalyze long-term growth and international expansion for participating companies.
A Strategic Investment in Turkey's Tech Future
This sponsorship program reflects Tera Portföy's commitment to nurturing Turkey's burgeoning tech sector. By bridging the gap between local innovation and global markets, the initiative supports the broader goal of establishing Turkey as a significant player in the international tech landscape.
Building Tomorrow's Success Stories
The selected startups will join a global conversation about technology's future, potentially leading to:
Transformative Partnership OpportunitiesAccess to International InvestmentEnhanced Global Market UnderstandingAccelerated Growth TrajectoriesStrengthened Industry Connections
With the upcoming November summit, excitement grows in Turkey's startup community. Tera Portföy’s initiative could signal a new era for Turkish tech, offering entrepreneurs a chance to shine globally. As applications open, startups are racing to secure a place in this game-changing program, poised to reshape Turkey’s tech future on the world stage.
#TurkishStartup #WebSummitLisbon #Portugal #Turkey #türkiye
Turkish Business Icon Rahmi Koç Points to AI as the Next Big Investment Frontier
In a candid conversation that's gotten the business world talking, Rahmi Koç, the respected Honorary President of Koç Holding, shared his thoughts on where he'd put his money if he were starting fresh in today's business landscape. His answer? Artificial Intelligence.
During a fascinating episode of "1 Fincan Kahve 40 Soru" (One Cup of Coffee, 40 Questions) on Selamlique Istanbul's YouTube channel, the veteran businessman didn't hesitate when asked about potential new ventures. His straightforward endorsement of AI as the sector of choice reflects a keen understanding of current market dynamics.
Why AI? Following the Money Trail
According to Koç, business success often comes down to recognizing and riding the wave of current trends. Drawing from his vast experience, he pointed out how different industries have had their moments in the spotlight – from export businesses to food processing. Today, that spotlight is firmly on AI.
The wisdom behind this observation shouldn't be underestimated. Coming from someone who has navigated multiple economic cycles and technological revolutions, it carries particular weight. Koç's perspective aligns with global investment patterns, where AI continues to attract massive funding and attention across industries.
A Legacy of Business Acumen
Koç's insights are particularly noteworthy given his track record. As the former chairman of Koç Holding from 1984 to 2003, he guided one of Turkey's largest conglomerates through various economic transformations. The family business, which he inherited from his father Vehbi Koç and later passed to his son Mustafa V. Koç, stands as a testament to his business acumen.
Looking to the Future
For entrepreneurs and investors watching market trends, Koç's endorsement of AI as a business frontier deserves attention. The technology's potential to revolutionize industries – from healthcare to finance, manufacturing to retail – suggests that we're still in the early stages of the AI revolution.
Beyond Business: The Personal Side
Interestingly, the interview also revealed a more personal side of the business magnate. Since undergoing heart surgery in 1984, Koç shared that he switched from coffee and tea to chamomile tea – a small detail that humanizes this titan of industry and reminds us that even the most successful business leaders adapt their habits when circumstances require.
Bottom Line
When a business leader of Rahmi Koç's stature points to AI as the sector to watch, it's worth paying attention. His perspective, shaped by decades of business experience, suggests that AI isn't just another passing trend but a fundamental shift in how business and technology will evolve.
For entrepreneurs and investors plotting their next move, this advice from one of Turkey's most successful business figures offers a clear direction: AI might not just be fashionable – it could be the key to future business success.
#AI #türkiye #Turkey #USPPIAboveExpectations #FanTokensRising
During a fascinating episode of "1 Fincan Kahve 40 Soru" (One Cup of Coffee, 40 Questions) on Selamlique Istanbul's YouTube channel, the veteran businessman didn't hesitate when asked about potential new ventures. His straightforward endorsement of AI as the sector of choice reflects a keen understanding of current market dynamics.
Why AI? Following the Money Trail
According to Koç, business success often comes down to recognizing and riding the wave of current trends. Drawing from his vast experience, he pointed out how different industries have had their moments in the spotlight – from export businesses to food processing. Today, that spotlight is firmly on AI.
The wisdom behind this observation shouldn't be underestimated. Coming from someone who has navigated multiple economic cycles and technological revolutions, it carries particular weight. Koç's perspective aligns with global investment patterns, where AI continues to attract massive funding and attention across industries.
A Legacy of Business Acumen
Koç's insights are particularly noteworthy given his track record. As the former chairman of Koç Holding from 1984 to 2003, he guided one of Turkey's largest conglomerates through various economic transformations. The family business, which he inherited from his father Vehbi Koç and later passed to his son Mustafa V. Koç, stands as a testament to his business acumen.
Looking to the Future
For entrepreneurs and investors watching market trends, Koç's endorsement of AI as a business frontier deserves attention. The technology's potential to revolutionize industries – from healthcare to finance, manufacturing to retail – suggests that we're still in the early stages of the AI revolution.
Beyond Business: The Personal Side
Interestingly, the interview also revealed a more personal side of the business magnate. Since undergoing heart surgery in 1984, Koç shared that he switched from coffee and tea to chamomile tea – a small detail that humanizes this titan of industry and reminds us that even the most successful business leaders adapt their habits when circumstances require.
Bottom Line
When a business leader of Rahmi Koç's stature points to AI as the sector to watch, it's worth paying attention. His perspective, shaped by decades of business experience, suggests that AI isn't just another passing trend but a fundamental shift in how business and technology will evolve.
For entrepreneurs and investors plotting their next move, this advice from one of Turkey's most successful business figures offers a clear direction: AI might not just be fashionable – it could be the key to future business success.
#AI #türkiye #Turkey #USPPIAboveExpectations #FanTokensRising
Turkey's Fintech Revolution Leads to the Creation of a Global Investment Center. 🇹🇷
Turkey's appeal as a global investment destination is on the rise, attracting significant attention from international investors. Dr. Erkan Kork, Chairman of BankPozitif Kredi ve Kalkınma Bankası, recently underscored Turkey's strategic advantages and growing appeal. The country's solid economic foundations, favorable policies, and leadership commitment are driving its progress.
With $5.9 billion in foreign direct investment (FDI) by July 2024, Turkey's economic strength is clear. Major investments from Germany, the Netherlands, and the U.S. further bolster its position. Turkey's consistent leadership in manufacturing investment across several regions further underscores its attractiveness.
The fintech sector stands out as a major growth area. Turkey's fintech companies have already attracted substantial investments, demonstrating the potential of this thriving industry. Dr. Kork highlights the government's proactive approach, combining favorable economic policies with a focus on stability.
Positive credit rating upgrades from major agencies solidify Turkey's positive trajectory. This positive perception strengthens investor confidence, further driving interest in the country's fintech sector.
Turkey's future as a global hub for fintech and other international investments looks promising. Its strategic location, economic stability, and supportive government policies create a fertile ground for continued success and technological innovation. In the coming years, we can anticipate a thriving fintech ecosystem driving Turkey's economic growth and transforming its technological landscape.
#IstanbulFintech #TurkishEconomy #Turkey #türkiye #BankPozitif
Turkey's appeal as a global investment destination is on the rise, attracting significant attention from international investors. Dr. Erkan Kork, Chairman of BankPozitif Kredi ve Kalkınma Bankası, recently underscored Turkey's strategic advantages and growing appeal. The country's solid economic foundations, favorable policies, and leadership commitment are driving its progress.
With $5.9 billion in foreign direct investment (FDI) by July 2024, Turkey's economic strength is clear. Major investments from Germany, the Netherlands, and the U.S. further bolster its position. Turkey's consistent leadership in manufacturing investment across several regions further underscores its attractiveness.
The fintech sector stands out as a major growth area. Turkey's fintech companies have already attracted substantial investments, demonstrating the potential of this thriving industry. Dr. Kork highlights the government's proactive approach, combining favorable economic policies with a focus on stability.
Positive credit rating upgrades from major agencies solidify Turkey's positive trajectory. This positive perception strengthens investor confidence, further driving interest in the country's fintech sector.
Turkey's future as a global hub for fintech and other international investments looks promising. Its strategic location, economic stability, and supportive government policies create a fertile ground for continued success and technological innovation. In the coming years, we can anticipate a thriving fintech ecosystem driving Turkey's economic growth and transforming its technological landscape.
#IstanbulFintech #TurkishEconomy #Turkey #türkiye #BankPozitif
🔴 BREAKING NEWS | 🇹🇷
International credit rating agency S&P revised Turkey's credit rating outlook from stable to positive.
#Turkey #TurkeyCrypto #Turkish #türkiye #Standard&Poor's
International credit rating agency S&P revised Turkey's credit rating outlook from stable to positive.
#Turkey #TurkeyCrypto #Turkish #türkiye #Standard&Poor's
Turkey's 2024 Crypto Market Research Created a Shocking Effect
The Turkish cryptocurrency landscape has undergone a remarkable transformation in recent years, as revealed by the latest joint research from Paribu and FutureBright Group. Their 2024 Crypto Awareness and Perception Study sheds light on fascinating trends shaping the nation's digital asset ecosystem.
From Niche to Mainstream: The Awareness Explosion
Perhaps the most striking finding is the meteoric rise in cryptocurrency awareness among Turkish citizens. What started as a mere 16% awareness rate in 2020 has now reached near-universal levels at 99%. More importantly, this awareness isn't just superficial – over a quarter of the population (27%) actively participates in crypto trading, marking a notable increase from last year's 25.1%.
Trading Patterns and Preferences
Bitcoin maintains its crown as the cryptocurrency of choice, capturing 70% of user preference, while Ethereum secures a respectable 29% share. The study reveals that most Turkish crypto enthusiasts approach digital assets with a trading mindset, with three-quarters of users particularly valuing the quick transaction capabilities and asset management convenience.
The Digital Information Age
One of the most intriguing revelations is how Turkish crypto users stay informed. Social media has emerged as the primary information source, with 63% of users turning to various platforms for crypto-related insights. Interestingly, cryptocurrency exchanges have also become trusted information hubs, with half of all users consulting these platforms for market research and analysis.
Investment Landscape in Transition
While traditional investment vehicles still dominate the Turkish market, cryptocurrencies have carved out a significant niche, becoming the third most popular investment choice at 29%. However, the study shows that cultural preferences remain strong, with gold maintaining its position as the most trusted investment vehicle among 90% of respondents.
The Blockchain Knowledge Gap
Despite widespread crypto adoption, a curious disconnect exists when it comes to blockchain technology. A substantial 72% of respondents remain unfamiliar with the underlying technology, though this represents a slight improvement from previous years. Crypto wallets stand out as the most recognized blockchain-related concept, with 52% of active users and 43% of the general public showing familiarity.
Demographics Tell the Story
The study paints a clear picture of the typical Turkish crypto user:
Male participation leads at 31% compared to 21% for womenThe sweet spot age range is 25-44 yearsThe average trader is 34.7 years oldHigher education correlates with increased crypto activity, with university graduates showing notably higher participation rates (39%) compared to last year
These findings present both opportunities and challenges for Turkey's crypto ecosystem. While the high awareness and growing adoption rates are promising, the knowledge gap in blockchain technology suggests a need for more focused educational initiatives. As the market matures, bridging this understanding gap could be crucial for sustainable growth in the sector.
For industry stakeholders and policymakers alike, this comprehensive study provides valuable insights into shaping future strategies and regulations that align with the evolving needs of Turkey's increasingly crypto-savvy population.
#FutureBright #paribu #Turkey #türkiye
From Niche to Mainstream: The Awareness Explosion
Perhaps the most striking finding is the meteoric rise in cryptocurrency awareness among Turkish citizens. What started as a mere 16% awareness rate in 2020 has now reached near-universal levels at 99%. More importantly, this awareness isn't just superficial – over a quarter of the population (27%) actively participates in crypto trading, marking a notable increase from last year's 25.1%.
Trading Patterns and Preferences
Bitcoin maintains its crown as the cryptocurrency of choice, capturing 70% of user preference, while Ethereum secures a respectable 29% share. The study reveals that most Turkish crypto enthusiasts approach digital assets with a trading mindset, with three-quarters of users particularly valuing the quick transaction capabilities and asset management convenience.
The Digital Information Age
One of the most intriguing revelations is how Turkish crypto users stay informed. Social media has emerged as the primary information source, with 63% of users turning to various platforms for crypto-related insights. Interestingly, cryptocurrency exchanges have also become trusted information hubs, with half of all users consulting these platforms for market research and analysis.
Investment Landscape in Transition
While traditional investment vehicles still dominate the Turkish market, cryptocurrencies have carved out a significant niche, becoming the third most popular investment choice at 29%. However, the study shows that cultural preferences remain strong, with gold maintaining its position as the most trusted investment vehicle among 90% of respondents.
The Blockchain Knowledge Gap
Despite widespread crypto adoption, a curious disconnect exists when it comes to blockchain technology. A substantial 72% of respondents remain unfamiliar with the underlying technology, though this represents a slight improvement from previous years. Crypto wallets stand out as the most recognized blockchain-related concept, with 52% of active users and 43% of the general public showing familiarity.
Demographics Tell the Story
The study paints a clear picture of the typical Turkish crypto user:
Male participation leads at 31% compared to 21% for womenThe sweet spot age range is 25-44 yearsThe average trader is 34.7 years oldHigher education correlates with increased crypto activity, with university graduates showing notably higher participation rates (39%) compared to last year
These findings present both opportunities and challenges for Turkey's crypto ecosystem. While the high awareness and growing adoption rates are promising, the knowledge gap in blockchain technology suggests a need for more focused educational initiatives. As the market matures, bridging this understanding gap could be crucial for sustainable growth in the sector.
For industry stakeholders and policymakers alike, this comprehensive study provides valuable insights into shaping future strategies and regulations that align with the evolving needs of Turkey's increasingly crypto-savvy population.
#FutureBright #paribu #Turkey #türkiye
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Profit tax in the stock market was removed from the draft ❗️
EARNINGS TAX IN THE STOCK EXCHANGE? 🇹🇷
According to the article prepared to collect tax on the gains obtained from the purchase and sale of stocks traded on Borsa Istanbul (BIST) and held for less than 3 years; The tax to be deducted from stock market earnings is planned to be 10 percent for up to 3 months, 7.5 percent for up to 6 months, 5 percent for up to 1 year, 2.5 percent for up to 3 years, and 0 percent for over 3 years, depending on the holding period of the shares. However, this article in the draft was withdrawn.
According to the article prepared to collect tax on the gains obtained from the purchase and sale of stocks traded in Borsa Istanbul (BIST) and held for less than 3 years; The tax to be deducted from stock market earnings is planned to be 10 percent for up to 3 months, 7.5 percent for up to 6 months, 5 percent for up to 1 year, 2.5 percent for up to 3 years, and 0 percent for over 3 years, depending on the holding period of the shares. However, this article in the draft was withdrawn.
📈📉 #türkiye #bist100 #borsa
EARNINGS TAX IN THE STOCK EXCHANGE? 🇹🇷
According to the article prepared to collect tax on the gains obtained from the purchase and sale of stocks traded on Borsa Istanbul (BIST) and held for less than 3 years; The tax to be deducted from stock market earnings is planned to be 10 percent for up to 3 months, 7.5 percent for up to 6 months, 5 percent for up to 1 year, 2.5 percent for up to 3 years, and 0 percent for over 3 years, depending on the holding period of the shares. However, this article in the draft was withdrawn.
According to the article prepared to collect tax on the gains obtained from the purchase and sale of stocks traded in Borsa Istanbul (BIST) and held for less than 3 years; The tax to be deducted from stock market earnings is planned to be 10 percent for up to 3 months, 7.5 percent for up to 6 months, 5 percent for up to 1 year, 2.5 percent for up to 3 years, and 0 percent for over 3 years, depending on the holding period of the shares. However, this article in the draft was withdrawn.
📈📉 #türkiye #bist100 #borsa
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Open the free box now and open the gift box by scanning the QR code at Binance
#Kriptocutrader #BitcoinDunyamiz #BNB #Binancelaunchpool #türkiye
#Kriptocutrader #BitcoinDunyamiz #BNB #Binancelaunchpool #türkiye
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What will change in the crypto assets market after the law?
The bill to amend the Capital Markets Law, which includes regulations regarding crypto assets, was accepted by the General Assembly of the Turkish Grand National Assembly (TBMM) and became law. This new law aims to ensure a safer and orderly functioning of the crypto market by introducing legal regulations on issues such as buying, selling, clearing and storing crypto assets.
According to the law, the establishment and activities of crypto asset service providers were subject to the permission of the Capital Markets Board (CMB), and employees without permission were sentenced to prison.
According to the law, the establishment and activities of crypto asset service providers were subject to the permission of the Capital Markets Board (CMB), and employees without permission were sentenced to prison.