Turkiye has raised the foreign exchange (FX) conversion support rate for companies converting foreign currency into Turkish lira (TRY) from 2% to 3%. This change, effective from 1 May to 31 July 2025. This update is outlined in Communiqué No.

Turkey has extended a VAT exemption for construction activities in the manufacturing and tourism sectors, under Presidential Decision No. 9770  issued on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887).  The

Turkey's tax authority issued Presidential Decree No. 9769 on 30 April 2025, which was published in the Official Gazette on 1 May 2025 (No. 32887). The decree extends the 0% withholding tax rate on income derived from certain government-backed

Representatives from Ethiopia and Vietnam met on 15 April 2025 to explore opportunities for strengthening bilateral relations. This announcement was made by the Vietnam Government News portal on 16 April 2025. Vietnam and Ethiopia have agreed

The President of Türkiye approved the trade and economic cooperation agreement with the Maldives on 22 April 2025,, which was signed on 27 November 2023 in Ankara. The approval was made through Decision No. 9755, published in Official Gazette No.

The Turkish Ministry of Treasury and Finance has published the average commercial loan interest rates for January, February, and March 2025 as part of the inflation adjustment process for financial statements on 22 April 2025. The rates are as