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...
Category: 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...
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...
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...
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...
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.”...
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...
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...
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...