Turkish economy

Finance Minister: Controversial credit card fee is to fund ‘Steel Dome’

Finance Minister Mehmet Şimşek stated that the additional fees to be collected through new proposal submitted to the parliament will…

1 month ago

AKP faces backlash over proposed “defence fee” on credit cards

Türkiye's ruling Justice and Development Party (AKP) has introduced a controversial bill to the parliament that would require high-limit credit…

1 month ago

Türkiye’s energy strategy: Ambitious goals, but how realistic?

We are growing increasingly tired of repeating the same refrain. The world is indeed undergoing a profound transformation in its…

1 month ago

Turkish banking regulator’s wedding gifts trigger investigation

Turkish Banking Regulation and Supervision Agency (BDDK) Deputy Chairman Mustafa Aydın is under scrutiny for accepting substantial wedding gifts from…

2 months ago

TUIK confusion: “Which inflation did you base the rate cut on?”

Unless the Minister of Treasury and Finance or the Governor of the Central Bank is suddenly dismissed, as it happened…

4 months ago

Türkiye’s Finance Minister Şimşek: A de facto prime minister

I have no intention of targeting Mehmet Şimşek, the Minister of Treasury and Finance. Ruling Justice and Development Party (AKP)…

6 months ago

Without CBRT intervention, USD/TL could be 27 Instead of 32

The Central Bank of Republic of Türkiye (CBRT) which sold foreign currency from its reserves to prevent the US dollar…

6 months ago

Türkiye announces major public spending cuts

In a bid to curb surging inflation and restore fiscal discipline, Türkish Finance Ministry unveiled an extensive savings plan aimed…

6 months ago

Erdoğan-Mitsotakis: as long as nothing goes wrong…

The most important outcome expected from the May 13 visit of Greek Prime Minister Kyriakos Mitsotakis to Ankara as the…

6 months ago

Erdoğan uses constitution debate as a smokescreen to obscure problems

President Tayyip Erdoğan is using the constitutional amendment as a smokescreen to obscure and distract attention from the major problems…

7 months ago