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
Biden Administration’s green light to F-16 sale to Turkey, Ankara to push for the extradition of 33 terror suspects “within the framework of the memorandum signed”, top court’s rule that imprisoned former HDP co-leader Demirtaş’s rights were violated, contentious draft media law’s parliamentary session postponed, retailers to be fined… Here is what you need to
Saudi Crown Prince’s Turkey visit, wildfire in Marmaris, social media operation of the police, journalists’ protest, Russia Turkey agree on safe corridor in the Black Sea, minimum wage to be increased, TURKSTAT’s inflation calculation debate… Here is what you need to know about Turkey Today: 1- Saudi crown prince visits Turkey. While the world discussed