Turkish President Recep Tayyip Erdoğan has signed a series of presidential decrees that raise the value-added tax (VAT) rate from 18 percent to 20 percent and increase public fees by 50 percent. The decrees, which took effect immediately on July 7 also raise the revenues from betting to 10-15 percent and the Banking and Insurance
The Turkish Statistical Institute (TurkStat) on July 5 announced a further deceleration in the skyrocketing inflation hike in the country to 38 percent as the Consumer Price Index (CPI) increased 3 percent in June. TurkStat announced on July 5 that the CPI rate increased by 3,92 percent in June and that the annual CPI was
President Tayyip Erdoğan’s re-election, in perhaps the most disadvantageous period of his rule since 2002, reveals the need to name “Erdoğanism” in Turkish politics, which has become a separate phenomena from the Justice and Development Party (AKP) he founded. Erdoğanism in numbers and beyond Erdoğan received 49.5 percent of the vote and the AKP 35.6
Thirty years ago today, a group of artists, writers, and opinion leaders were at the Madımak hotel in the eastern-Anatolian province of Sivas as a part of Pir Sultan Abdal Festival. Alevi and left-wing participants, including poets and well-known writers, were there to attend seminars and discussions for the festivities. On July 2, 33 of
The business world, even those provide a life-long support to Recep Tayyip Erdoğan though crushed by the surging inflation pinned their hopes on Türkiye’s new appointees, Treasury and Finance Minister Mehmet Şimşek and CBRT Governor Hafize Gaye Erkan, as the saviour of country’s economy from its deep-running issues. The reason for this hope was the
After losing in the May presidential and legislative elections, Türkiye’s opposition is in turmoil both inner-party struggles and within the coalition it created prior to the elections. The six party opposition’s People Alliance’s partner İYİ Party’s first party congress after the elections held in Ankara on 24-25 June. The party’s leader Meral Akşener’s first speech
The second round of elections in Greece took place on Sunday, June 25, ending two months of the election marathon. The result was no surprise. As predicted, the New Democracy Party, led by Kyriakos Mitsotakis, won 40.3 percent of the votes and 158 parliamentary seats, giving it the majority to form a government on its
Turkish President Recep Tayyip Erdoğan, on June 29, reacted harshly to the Quran burning demonstration in Stockholm, the capital of Sweden; further hinting that Türkiye will not lift its veto on Sweden’s NATO bid prior to critical Vilnius Summit to be held in July. “Those who perpetrated this crime, as well as those who allowed
After 27 months of stagnant rates, the Monetary Policy Committee of the Turkish Central Bank (CBRT) finally announced on June 22 that the policy rate would be increased to 15 percent, answering the rising expectations and anxious waiting. Is the “Nass” era over, one asks as the word was used by Turkish President Recep Tayyip