Category: Economy

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...

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...

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...