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

Without CBRT intervention, USD/TL could be 27 Instead of 32

The Central Bank of Republic of Türkiye (CBRT) which sold foreign currency from its reserves to prevent the US dollar…

4 weeks ago

Türkiye announces major public spending cuts

In a bid to curb surging inflation and restore fiscal discipline, Türkish Finance Ministry unveiled an extensive savings plan aimed…

1 month ago

Behind Turkish LNG deal with Exxon: Washington, Ankara, and Doha ties

Turkish Energy Minister Alparslan Bayraktar told the Financial Times on April 28 that negotiations were continuing with the US energy…

2 months ago

Two challenges of Şimşek: tax reform and public sector savings

The local elections are over. Not as the Turkish President Tayyip Erdoğan intended, but as opposition CHP leader Özgür Özel…

2 months ago

WB on Turkish inflation: patience is hard but the alternative is worse

The World Bank has been on the agenda in Türkiye for two reasons nowadays. First, because it decided to provide…

2 months ago

Turkish Central Bank raised rates to 50 percent: what is happening?

The Turkish Central Bank’s (CBRT) Monetary Policy Committee (PPK) increased the policy rate by 500 base points from 45 percent…

3 months ago

The game is changing in nuclear energy: What to do next?

Following the partial construction of the 4GW reactor at the Mersin Akkuyu nuclear power plant, news is circulating that a…

4 months ago

CBRT’s inflation forecasts remains the same in 2024’s first report

The Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan, facing the cameras for the first time following…

4 months ago

Turkish Central Bank Governor Erkan “removed from office”

The Central Bank of Turkish Republic (CBRT) Governor Hafize Gaye Erkan "has been removed from office" by a Presidential Decree…

5 months ago

Bayraktar tops taxpayer list, but why others choose anonymity?

The Ministry of Treasury and Finance published Türkiye's top taxpayers list after 3 years on January 3, revealing that President…

6 months ago