Turkey’s inflation continues to rise as the data published by the Turkish Statistical Institute (TURKSTAT) the Consumer Price Index (CPI) has surged to 80,21 percent annually with a 1,46 percent rise in August, the highest inflation recorded in the country in 24 years. According to TURKSTAT figures, in August 2022, CPI increased by 1.46 percent
Turkey’s Finance and Treasury Minister Nureddin Nebati told industrialist and business circles on Aug. 26 that “there is no point concerning” about US Deputy Secretary of the Treasury’s warning which stated that pursuing business with sanctioned Russians will also cause secondary sanctions. “There is no point the letter that is conveyed to the Turkish business
Turkish pop singer arrested after being taken into custody over her words on religious vocational schools on stage on charge of “inciting the people to hatred and hostility”. Singer Gülşen Bayraktar Çobanoğlu, a.k.a Gülşen, was detained on Aug. 25 within the scope of the investigation launched by the Istanbul Chief Public Prosecutor’s Office on the
Turkey’s President Recep Tayyip Erdoğan reiterated Ankara’s determination to follow a cross-border military operation into Syria, following statements from Russian, Iranian and American officials against it. “I declare to the whole world that our struggle will not end until we secure our southern borders with a 30 km deep corridor from one end to the
Greek jets harassed Turkish F-16 aircraft, which were on NATO mission in the Eastern Mediterranean, Turkey’s state-run Anadolu Agency reported on Aug. 23. Turkey reported the incident to the NATO authorities and the military attaché of Greece was summoned to the Ministry of National Defence. According to the report, Turkish F-16 planes were harassed by
The Central Bank of the Turkish Republic (CBRT) lowered the policy rate from 14 percent to 13 percent amid surging inflation and currency crisis. The CBRT decided to lower the long been steady 14 percent policy interest rate to 13 percent after the Monetary Policy Board meeting on Aug. 18. “The Board evaluated that the
Turkey has not signed a new document concerning for the purchase of new S-400 missile system, a Turkish official told Reuters, after Russian official’s statement that Turkey and Russia have signed a contract for the delivery of a second regiment of the S-400s prompted rumors about a new contract. “A corresponding agreement has already been
Turkish inflation keeps soaring as the latest data announced by the Turkish Statistical Institute (TÜİK) indicate a 79,6 percent annual rise in the Consumer Price Index and 144,6 percent rise in the Producer Price Index. The number is the highest inflation recorded in Türkiye in 24 years since 1998. According to TÜİK a change in
The cargo ship carrying 26 thousand tonnes of corn left Ukraine’s port of Odesa on Aug. 1 as the first shipment within the framework of the grain export deal signed under UN auspices and Türkiye’s guarantorship. Sierra Leone-flagged Razoni left the Black Sea Port at 9:48 AM local time, Ukraine’s ministry of infrastructure announced on
The Joint Coordination Centre (JCC) established after Russia and Ukraine agreed to the Black Sea Grain Initiative brokered by Türkiye and United Nations auspices was officially inaugurated in Istanbul on July 27. “The JCC will facilitate the implementation of the Black Sea Grain Initiative to establish a humanitarian maritime corridor to allow ships to export