Turkish President Tayyip Erdoğan began addressing Kemal Kılıçdaroğlu, the leader of the main opposition Republican People’s Party (CHP), as “Mr. Kemal” (Bay Kemal). By using this condescending tone, he was aiming to evoke an alienating effect on his constituency. The term “Mr.” or “Bay” was also a reference to honorifics introduced during the founding years
The Central Bank of the Turkish Republic’s (CBRT) “fight against inflation cannot be considered very successful,” the CBRT governor Şahap Kavcıoğlu said on October 27, as the bank raised its inflation forecast by 4,8 percentage points. “We cannot consider (fight against inflation) very successful,” Kavcıoğlu said upon a question from a reporter on October 27,
On September 12, two essential data for July were announced: Labor force and balance of payments. In summary, the situation is like this: The unemployment rate is still at a high level, in particular, the broadly defined unemployment rate is referred to as the ‘underutilized labor rate.’ On the other hand, the current account deficit
Is the ruling Justice and Development Party (AKP) preparing for an early election? Had it not been for Hürriyet newspaper’s pro-government columnist Abdülkadir Selvi’s insight from AKP rooms, I would have thought that the rumor was circulated to spark speculation move in the stock market. However, after notorious mafia figure Sedat Peker publicized yet another
Turkey’s Finance and Treasury Minister Nureddin Nebati told industrialist and business circles on Aug. 26 that “there is no point concerning” about US Deputy Secretary of the Treasury’s warning which stated that pursuing business with sanctioned Russians will also cause secondary sanctions. “There is no point the letter that is conveyed to the Turkish business
The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) convened on August 18 and lowered the policy rate by 100 basis points from 14 percent to 13 percent. This interest rate cut was a big surprise even for us who are skeptical of various ongoing incredible things in our beautiful country.
The Turkish Lira (TRY) depreciated further against the US Dollar and reached the psychological limit of 18 liras, and closed the day at 17.92 just before the US Federal Reserve announced its interest rate decision on July 27. The last time the US Dollar TRY parity passed the 18 limit was on December 18 2021
I will talk about a research: “The Well-Being Conditions of The Citizens in Turkey: Towards a Healthy, Happy, Fair, Safe, Hopeful and Strong Society” of the Equality Studies Association written by Ali Yalçın Göymen and Gülnur Elçik. With this study, it was aimed to analyze the well-being of the citizens by conducting a research covering
Medics’ strike to mark violence against health workers continues in its second day after the police attack in İstanbul in the first day sparked outrage; Erdoğan addressed citizens asking for patience about economic difficulties; İsrael-Türkiye signed an outline of civil aviation agreement; disputed cargo ship sailed to Russia, Ukraine summoned Turkish envoy; far-right party leader
Türkiye’s inflation hits a 24-year high of 78 percent, independent researchers argue it is higher, the Minister says the increase is a result of global commodity prices, Foreign Minister reiterates Erdoğan’s warning to Nordic countries in their NATO bid, Russian-flagged vessel carrying grain in Türkiye’s Black Sea port… Here is what you need to know