Category: 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...

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...

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...