Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies
According to a decree published in the Official Gazette on September 22, 2025, signed by President Recep Tayyip Erdoğan, the “additional financial obligations” imposed on 22 categories of U.S.-origin products since 2018 have been lifted. The decision came just before President Erdoğan’s departure to the United States on September 21 for the United Nations General
The front page of the Yeni Şafak newspaper on May 26 surprised those who saw it and was widely discussed in political and economic circles. The headline of Yeni Şafak (New Dawn in Turkish), one of the staunchest supporters of President Tayyip Erdoğan and the AKP government, read in large letters, “Interest rates up, foreign
From the dissolution agreement concerning the PKK to shifting dynamics in Syria and ongoing Russia–Ukraine negotiations, Türkiye is currently navigating an intense period of political and diplomatic activity. Another significant process is set to begin in July: the negotiations for a revised Turkish-UK Free Trade Agreement. If managed effectively, these talks could present Türkiye with
The energy map of the Middle East may be redrawn with the revival of the Kirkuk–Baniyas oil pipeline—a move that could sideline Türkiye. Iraq’s decision to bring back to life the pipeline connecting Kirkuk with Syria’s Mediterranean port city of Baniyas is not merely an infrastructure investment; it’s a strategic maneuver capable of shifting the
With a surprise decision, the Central Bank (CBRT) Monetary Policy Committee (MPC) raised the policy rate by 350 basis points to 46 percent on April 17. The Committee raised the Central Bank’s overnight lending rate from 46 percent to 49 percent and the overnight borrowing rate from 41 percent to 44.5 percent. In its written
The United Kingdom (UK) prides itself on a legal system rooted in fairness, transparency, and the rule of law. Yet beneath this polished veneer lies a troubling loophole—one that allows straying jurists to sidestep ethical duties with impunity, find creative ways to ignore international treaties and cause the UK to dishonour its undertakings under international
The İmamoğlu Crisis continues. Not only on the Turkish domestic political front, but also in terms of its effects on the economy. Foreign investors, preoccupied with the Russia-Ukraine crisis, noticed the Türkiye bleep on their radar screens by the detention of İstanbul Metropolitan Mayor Ekrem İmamoğlu on March 19. Following his arrest by the court,
Despite dozens of agreements and protocols signed over the years between Türkiye and Turkmenistan, we have yet to see the gas molecules flow. However, according to the announcement by Energy and Natural Resources Minister Alparslan Bayraktar, if no setbacks occur, natural gas from Turkmenistan will begin flowing to Türkiye starting March 1st through a new
Milking a cow constantly makes it hard to obtain sufficient and quality milk. Eventually, the cow becomes unwell and can no longer produce milk. The same goes for taxes. Extracting more taxes than citizens, businesses, and institutions can bear may lead to economic instability and injustice. Excessive tax burdens become unsustainable, especially for low-income groups
Finance Minister Mehmet Şimşek stated that the additional fees to be collected through new proposal submitted to the parliament will be used for the construction of defence systems like Steel Dome, rather than reducing the budget deficit. The ruling Justice and Development Party (AKP) has introduced a controversial bill to the parliament that would require