Out of the frying pan (2001) and into the fire (2022)

Out of the frying pan (2001) and into the fire (2022)

High inflation and increasing poverty have become our most significant economic issues. Consumer inflation in June...
Recent banking move: No solution to vigorish borrowing rates

Recent banking move: No solution to vigorish borrowing rates

After a two-day delay, the Banking Regulation and Supervision Agency (BRSA) announced the rationale and the...
Turkish Airlines to be rebranded as Türkiye Hava Yolları

Turkish Airlines to be rebranded as Türkiye Hava Yolları

Turkish national carrier brand Turkish Airlines will be renamed Türkiye Havayolları, President Recep Tayyip Erdoğan announced,...
Turkey’s opposition vows to ensure Central Bank independence

Turkey’s opposition vows to ensure Central Bank independence

Turkey’s opposition block formed by the six opposition parties vowed to ensure independent monetary management in...
Growing with inflation or getting poorer with inflation?

Growing with inflation or getting poorer with inflation?

How to start writing this article? The Minister of Treasury and Finance said, "at a crossroads,...
Erdoğan’s emergency economy meeting as inflation surges

Erdoğan’s emergency economy meeting as inflation surges

President Recep Tayyip Erdoğan summoned his top economy policy officials in a closed-door meeting at the...
Current account deficit, foreign exchange, and inflation: What’s the rush in Ankara?

Current account deficit, foreign exchange, and inflation: What’s the rush in Ankara?

The current account deficit surplus target of Treasury and Finance Minister Nebati does not match the...
Will censoring a comedy skit on Minister save economy?

Will censoring a comedy skit on Minister save economy?

The comedy skit, which satirized the Treasury and Finance Minister Nureddin Nebati played by the theater...
Erdoğan skips today’s troubles: future will be bright

Erdoğan skips today’s troubles: future will be bright

After the cabinet meeting, Erdogan said, "Unfortunately, we are having difficulties in getting results" regarding price...
No one is to blame but us: Inflation hits 61 percent

No one is to blame but us: Inflation hits 61 percent

Inflation is at its highest level in 20 years. In the face of inflation, which hit...
Turkey’s Minister: Inflation is a problem, economy is doing well

Turkey’s Minister: Inflation is a problem, economy is doing well

Treasury and Finance Minister Nebati said inflation is problem, but Turkish economy is going well. Turkish...
VAT cuts in Turkey amid inflation

VAT cuts in Turkey amid inflation

The right question is if inflation would abate only with VAT reductions without eliminating the causes...
Inflation surpassed Argentina as Turkey to set policy rate

Inflation surpassed Argentina as Turkey to set policy rate

Nurettin Nebati, the Minister of Treasury and Finance, opens the Istanbul Pavion in the Real Estate...
Will Erdoğan approve of interest rate hike?

Will Erdoğan approve of interest rate hike?

The Central Bank of the Turkish Republic (CBRT) Monetary Board will convene on March 17 to...
Economic Growth in 2022 as the Winds of War Blow-in Our Ears

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

The Russo-Ukrainian war will create considerable risks for our economy. However, even without this war, we...
High Voltage: Electricity price battle in Turkish politics

High Voltage: Electricity price battle in Turkish politics

President Erdoğan's greets CHP leader Kılıçdaroğlu with his hand on his chest as Kılıçdaroğlu responded with...
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    Turkish Defence Minister at Syria border to urge U.S. for prompt joint action

    Turkish Defence Minister Hulusi Akar has paid an unscheduled visit to the built-up Turkish troops in Şanlıurfa at Syria border on August 16 with Chief of Joint Staff General Yaşar Güler and force commanders. The obvious aim of the visit is to supervise the process of establishing a Joint Operation Centre with the U.S. forces...
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    Russian missiles separate NATO allies U.S. and Turkey

    What would President Trump ask from Turkish President Tayyip Erdoğan if he were allowed to ask for one thing only? An American official talking to a group of Turks on condition of anonymity recently asked that rhetorical question and continued without waiting for the Turks to answer: it would be to cancel the Russian S-400...
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    Turkey asks U.S. to revoke its F-35 removal decision to avoid “irreparable damage” in ties.

    A Pentagon announcement was made on July 17 about removing Turkey from the F-35 fighter jet program because of Turkey’s purchase of Russian S-400 missiles. The Turkish Foreign Ministry issued a strong statement in response, in the later hours, asking the U.S. to revoke the decision “which will ...
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    More U.S. sanctions might further push Turkey toward Russia

    The Turkish service of the Russian Sputnik channel ended the political show of three Turkish journalists on July 19, a day after they interviewed Ahmet Davutoğlu, the former prime minister of President Tayyip Erdoğan’s Justice and Development Party (AKP) but now one of the in-house dissidents in preparations of a new party. Ironically, when asked...
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    Reunion of Orthodox churches in Istanbul despite Putin, greets Erdoğan

    A dinner given by Ukraine President Petro Poroshenko tonight on Jan 5 in honor of Patriarch Bartholomew in Istanbul may have repercussions in regional politics. Another guest of honor of the dinner at Conrad Hotel in Istanbul is Metropolit Ephifanios of Kiev whose independence (autocephaly) from the Moscow church was approved earlier in the day...
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