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
High inflation and increasing poverty have become our most significant economic issues. Consumer inflation in June is 78.6 percent, food inflation is 93 percent, and producer inflation is 138.3 percent. The 2022 inflation rate under President Recep Tayyip Erdoğan’s rule has exceeded the inflation rate of former Prime Minister Bülent Ecevit’s term in 2001, which
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
After a two-day delay, the Banking Regulation and Supervision Agency (BRSA) announced the rationale and the implementation methods for its Decision numbered 10250 (‘Decision’ from now on), taken on June 24 and caused great controversy; including about loans and rates. The statement made on June 26 sets out the reasoning for the Decision. Trying to
Erdoğan attends İsmailaga Community leader’s funeral, Senior UK Ministers and İsraeli Prime Minister in Ankara, Policy interest rate stays the same, Council of State case over İstanbul Convention, Turkish public discuss on mini-documentary on sex workers… Here is what you need to know what is going on in Turkey Today: 1- Mahmut Ustaosmanoğlu, the leader
Turkey’s opposition block formed by the six opposition parties vowed to ensure independent monetary management in the event that they came to power in a new report announced on June 13. “The Institutional Reforms Commission” established by the six-party opposition block finished its first report which focused on the block’s reform propositions to be implemented
How to start writing this article? The Minister of Treasury and Finance said, “at a crossroads, we have chosen to grow with inflation. Otherwise, we could have taken very drastic measures to reduce inflation.” Alternatively, I would begin with this: “The dollar exchange rate, which had been 9.5 liras at the beginning of November 2021,
Turkey’s inflation keeps soaring as Turkish Statistical Institute (TURKSTAT) May calculations indicate a 73 percent increase in annual Consumer Price Index (CPI), while independent inflation research group ENAGroup calculates 160 percent rise. According to TURKSTAT, the CPI increased by 2,98 percent in May 2022, reflected as 73.50 percent in annual increase. The Producer Price Index
President Recep Tayyip Erdoğan summoned his top economy policy officials in a closed-door meeting at the presidency on May 31 amid announcements of new price hikes while high inflation keeps straining households. Erdoğan held an emergency meeting at the Presidency attended by Treasury and Finance Minister Nureddin Nebati, Central Bank of the Republic of Turkey