Category: Economy

Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies

VAT cuts in Turkey amid inflation

As the cost of living increases, Turkey’s government took measures such as VAT reductions. Nonetheless, inflation cannot be reduced with tax cuts unless the reasons that escalate it are eliminated. Early this week, the...

Will Erdoğan approve of interest rate hike?

As Turkey gained diplomatic momentum from Russia’s war on Ukraine, President Tayyip Erdoğan is fully aware of his political and economic priorities. He can take two basic steps to leverage Turkey’s diplomatic prominence to...