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

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Fatih Özatay
08 March 2022, Tuesday / Published in Economy

Economic Growth in 2022 as the Winds of War Blow-in Our Ears

As announced last week, the growth rate of Turkey was 11 percent in 2021. It is too high. So, is it sustainable? At which level could 2022 growth be? What are the risks that can create headwinds? Potential growth It is critical to pay attention to two different concepts related to growth. The first is
economic growthFatih Özataygrowth ratepotential growthRussia-Ukraine
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Murat Yetkin
17 February 2022, Thursday / Published in Economy

High Voltage: Electricity price battle in Turkish politics

Stars are falling once the glitter wears off. The ruling Justice and Development Party (AKP) deputy chairman and former Prime Minister Binali Yıldırm was giving an exclusive interview to CNN Türk TV host Ahmet Hakan last night on February 16, inevitably answering questions concerning electricity price hikes which caused a nation-wide outcry. Turkey’s political arena
Ahmet HakanBillsElectricityelectricity billsenergy billsEPDKKenan YaşarMurat YetkinMustafa YılmazPrice hikesTurkey's Economy
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Evren Balta
16 February 2022, Wednesday / Published in Economy

Requiem for a Dream: Rise and Fall of the Turkish Middle Classes

In the aftermath of the 2001 economic crisis, Ayşe Buğra writes, “I think that Turkish society welcomed the February 2001 crisis very softly.” Many people in Turkey lost their jobs, and even when they kept them, they lost a significant percentage of their earnings because of the unprecedented depreciation of the Turkish Lira. Yet they
1980 military coupAnatolian TigersAyşe BuğraBranko Milanoviceconomic crisisEvren BaltaMiddle ClassesMiddle pillarMuslim identitiesnew middle classesortadirekTurgut Özal
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Murat Yetkin
10 February 2022, Thursday / Published in Economy

Opposition leader boycotts bills; will Erdoğan respond?

Turkey’s main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu announced that he would not pay his electricity bills, calling out President Tayyip Erdoğan to take back the gradual electricity price hikes that were taken into effect at the beginning of the year that raised protests all over Turkey. You may say that it is
BillsElectricityenergy crisisEnergy hikesKemal KılıçdaroğluMurat Yetkin
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YetkinReport
09 February 2022, Wednesday / Published in Economy

Turkey protests skyrocketed energy prices

As Turkey-wide protests to the rising energy prices continue, opposition Republican People’s Party (CHP) metropolitan mayors issued a joint call to the ruling Justice and Development Party (AKP) government asking for exclusive energy tariffs for the municipalities. Eleven CHP metropolitan mayors stated that the rising energy prices have become “unbearable” for the mayoralties to provide
alevi associationElectricity billenergy pricesİbrahim Kalınprice hikeYetkin Report
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YetkinReport
03 February 2022, Thursday / Published in Economy

Turkey’s inflation keeps soaring: 48 percent

According to Turkish Statistical Institute (TÜİK) data, the Consumer Price Index (CPI) increased by 48.69 percent annually and 11.10 percent monthly in Turkey. Intependent groups on the other hand calculated the annual inflation increase as 114 percent annually. TÜİK announced on February 3 that in January 2022, the CPI soared 11,10 percent compared to the
CPIDecemberENAGroupNikkei AsiaNureddin NebatiPPITreasury and Finance Minister
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Murat Yetkin
26 January 2022, Wednesday / Published in Economy

Erdoğan’s effort to reform economy via foreign policy

Koç Holding Board of Directors Chair Ömer Koç announced his recipe for recovering the economy as “reducing country risk by implementing serious reforms, as was done in the first ten years of the 2000s.” In other words, he says, the way to recover the economy is through structural and fundamental reforms. These words of Koç
Ali BabacanAlliance of Periphery Doctrineenergy cutsİbrahim KalınMurat YetkinNureddin NebatiÖmer KoçŞahap Kavcıoğlustructural reformsUSA
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YetkinReport
24 January 2022, Monday / Published in Economy

Energy cuts amid economic downturn

After Iran announced on Jan. 20 that it reduces the gas exports to Turkey, Turkish Energy Transmission Company (TEİAŞ) announced to cut electricity to all Organized Industrial Zone’s (OSB) for 72 days. The cuts started today. The restriction will be effective in all OSB’s where the manufacturers will only be allowed to use electricity for
Energy cutFatih DönmezGas supplyMinister of Energy and Natural ResourcesMinister of Industry and TechnologyMustafa VarankNureddin NebatiOSBTEİAŞTreasury and Finance Minister
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Murat Yetkin
13 January 2022, Thursday / Published in Economy

Abu Dhabi regards Turkey’s TWF assets flotsam

Mohammed Hassan al-Suwaidi, chief executive of ADQ, an Abu Dhabi state investment vehicle, told the Financial Times that the lira’s weakness could provide opportunities, saying it was a “great time” to buy if you take “a long-term view”. The fund is on hunt for investments, from financial institutions to logistics and food, Financial Times wrote.
Abu DhabiAbu Dhabi Port AuthorityADQal-SuwaidiFinancial Timesİzmir Alsancak Portprecious lonelinessQatarTurkey Maritime OperationsTurkish Wealth FundTWF
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Mehmet Gün
13 January 2022, Thursday / Published in Economy

I complain about the directors of the Turkish Central Bank

I complain about the directors of the Central Bank of the Republic of Turkey (CBRT) because the Governor of the CBRT and the members of the Monetary Policy Committee flagrantly violated their duty to adhere that the “primary objective of the Bank shall be to achieve and maintain price stability.” imposed by Central Bank Law
Abuse of DutyCBRTCentral Bank Law No.1211impunityinflationmehmet günMonetary Policy Committeeprice stability
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  • Russia-Ukraine and Europe-Iran talks will be held in İstanbul this week22 July 2025
  • Will solving the terrorism problem help with Turkish-EU visa issues?22 July 2025
  • After İmamoğlu, Turkish opposition leader Özel faces prison threat, too3 July 2025
  • Overcoming semantics in Cyprus, establishing functionality3 July 2025
  • Can Ankara convince Hamas to a ceasefire and disarmament?1 July 2025
  • Erdogan with Trump after five years: why can they get along better now?26 June 2025
  • The Story of Iranian Women: The Resistance Never Stopped26 June 2025
  • Why did Türkiye not condemn the U.S. strike on Iran? What is going on?23 June 2025
  • What the U.S. strike on Iran might unleash — from the Gulf to Ankara23 June 2025
  • Turkish Defense Ministry on high alert against migration risk from Iran18 June 2025
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