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Turkey's Stock Market Rises Amid Promising Investment Prospects

30/12/2024 Investment in Turkey News 29 Turkey's Stock Market Rises Amid Promising Investment Prospects

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As Reported by Sabah Newspaper

Turkey's local markets witnessed notable activity this week, driven by two major economic decisions: the increase in the minimum wage and the interest rate cut by the Turkish Central Bank.

The BIST 100 Index at Istanbul Stock Exchange surged by 3.10%, emerging as the most profitable investment tool of the week.

Key developments included:

  • A 30% increase in the minimum wage, bringing it to 22,104 TRY in 2025.

  • The Turkish Central Bank's interest rate cut by 2.50 basis points, reducing the main rate to 47.50%.

These decisions stabilized the markets, fueling positive future expectations for investors.


 

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