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

Turkey reacts to growing currency crisis

After the rapid depreciation of the Turkish Lira, the opposition parties held urgent meetings repeated their call for a common economy plan and early elections. There were minor marches in big cities of Turkey...

TUSIAD: Tackle problems from distrust in US Turkey relations

Turkish Industry and Business Association (TÜSİAD) President Simone Kaslowski called for dialogue and a sincere and solution-oriented approach to tackle problems that stemmed from “mutual distrust in Turkish-American relations.” “Tackling the problems in Turkish-American...

Pessimistic scenarios: Why Erdoğan does this?

President Recep Tayyip Erdoğan reiterated his long stance against interest rates on Nov. 17. The following day, Central Bank Monetary Policy Board lowered the interest rate 100 basis points to 15. Turkish Lira further...

CHP leader’s TOBB move after Central Bank

It is possible to say that main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu aimed to kill three birds with one stone, not two, with his visit to The Union of Chambers and...

TL hits record low against USD nears 10

Turkish lira depreciated at a record low level against the USD on November 11: hitting 9.91 liras against 1 dollar. After the Labor Department announced that US inflation rates hit 30 years high with...