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Murat Yetkin
05 September 2023, Tuesday / Published in Politics

Erdoğan failed to persuade Putin, but his economy team convinced TurkStat

Let’s be clear. It was already clear from Foreign Minister Hakan Fidan’s contacts with Ukraine and Russia that President Tayyip Erdoğan would not be able to convince his Russian counterpart Vladimir Putin to return to the grain deal at the Sochi meeting on September 4. Diplomatic sources considered it a miracle if the issue was
CBRTeconomicsErdoğanfinancegrain dealinflationPutinşimşekSochiTurkeyTurkish economyTürkiye
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Fatih Özatay
30 August 2023, Wednesday / Published in Economy

The CBRT’s policy rate increase is positive; will there be more?

The Monetary Policy Committee of the Central Bank of Turkey (CBRT) raised the policy rate from 17.5 percent to 25 percent on August 24. “The Committee decided to continue the monetary tightening process to establish the disinflation course as soon as possible, to anchor inflation expectations, and to control the deterioration in pricing behavior,” the
CBRTCentral BankeconomyFatih ÖzatayinflationTurkeyTurkish economyTürkiye
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Murat Yetkin
24 August 2023, Thursday / Published in Economy

Will Türkiye print larger banknotes again amid inflation?

Türkiye may print 500 and 1000 Turkish Lira banknotes amid increasing inflation and currency crisis. This time last year, former Minister of Treasury and Finance, Nurettin Nebati was saying “there is no need for such measure,” when asked if there will be any banknotes with larger denomination. His ministry was obeying the instructions of President
CBRTeconomyErdoğangaye erkaninflationMehmet ŞimşekTurkeyTurkish economyTürkiye
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Fatih Özatay
10 August 2023, Thursday / Published in Economy

Resurgence of inflation in Türkiye: Turn to rationality or a red light

On August 3, Turkish Statistical Institute (TurkStat) announced a consumer price index increase of 9.5 percent for July, which is a one-month increase. Unfortunately, the annual consumer inflation is 47.8 percent. Moreover, regarding what has been happening in Türkiye since 2021, there is nothing strange about the 9.5 percent monthly uprise in the consumer price
CBRTgaye erkaninflationMehmet ŞimşekTurkeyTurkish economyTürkiye
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YetkinReport
07 July 2023, Friday / Published in Economy

Turkish people hit by a storm of tax and fee hikes

Turkish President Recep Tayyip Erdoğan has signed a series of presidential decrees that raise the value-added tax (VAT) rate from 18 percent to 20 percent and increase public fees by 50 percent. The decrees, which took effect immediately on July 7 also raise the revenues from betting to 10-15 percent and the Banking and Insurance
inflationMehmet ŞimşektaxTurkeyTurkish economyTürkiyeVAT
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YetkinReport
05 July 2023, Wednesday / Published in Economy

Turkish disinflation tested by currency pressure: 38 percent

The Turkish Statistical Institute (TurkStat) on July 5 announced a further deceleration in the skyrocketing inflation hike in the country to 38 percent as the Consumer Price Index (CPI) increased 3 percent in June. TurkStat announced on July 5 that the CPI rate increased by 3,92 percent in June and that the annual CPI was
CBRTcurrencydisinflationeconomyinflationTurkeyTurkish economyTurkish liraTürkiye
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Mehmet Gün
01 July 2023, Saturday / Published in Politics

Erdoğan’s economic beliefs and powers to be national security issue

The business world, even those provide a life-long support to Recep Tayyip Erdoğan though crushed by the surging inflation pinned their hopes on Türkiye’s new appointees, Treasury and Finance Minister Mehmet Şimşek and CBRT Governor Hafize Gaye Erkan, as the saviour of country’s economy from its deep-running issues. The reason for this hope was the
CBRTeconomyinflationinterest rateşimşekTurkeyTurkish economyTürkiye
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YetkinReport
15 June 2023, Thursday / Published in Economy

Erdoğan: interest rates may go up but my policy remains same

Turkish President Recep Tayyip Erdoğan said that the appointment of Mehmet Şimşek as Treasury Minister should not be contemplated as a change in his cabinet’s economic policies as the former minister’s re-appointment to the post raised the expectations of a shift in low interest rate policy of Erdoğan. However he added that they “accept the
CBRTcurrencyErdoğaninflationinterest ratelow-interest rateMehmet ŞimşekmonetaryTurkeyTurkish economyTurkish liraTurkish politicsTürkiye
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Fatih Özatay
10 June 2023, Saturday / Published in Economy

Why does Turkish Lira keep crashing?

With the noticeable move to loosen government controls on foreign currency, combined with some uncertainty, the Turkish lira tumbled to record lows against the dollar, and one dollar skyrocketed to 23.22 on the evening of June 7. However, the rate had been just under 20 liras on the last working day before the election, while
dollarsexchangeexchange rateinflationMehmet ŞimşekTurkeyTurkish economyTurkish liraTürkiye
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Fatih Özatay
03 February 2023, Friday / Published in Economy

Turkish opposition’s economic policy proposal: Realistic

Türkiye’s opposition alliance that is called Nation Alliance (The Table of Six) announced the Common Policies’ Consensus Text on Monday, January 30, 2023. The 244-page text composed on 9 different sections detailing the opposition alliance’s future program if they would win the upcoming election. This article will focus on the Economy, Finance, and Employment section.
economyinflationoppositionproposalTurkish economy
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  • The PKK’s decision to dissolve and questions to the Turkish government13 May 2025
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