Turkish economy

Pro-gov’t paper Yeni Şafak slams Turkish economy: an anti-Şimşek op

The front page of the Yeni Şafak newspaper on May 26 surprised those who saw it and was widely discussed…

10 months ago

İmamoğlu effect: Turkish Central Bank raised policy rate to 46 pct

With a surprise decision, the Central Bank (CBRT) Monetary Policy Committee (MPC) raised the policy rate by 350 basis points…

11 months ago

A Şimşek style answer to İmamoğlu questions of foreign investors

The İmamoğlu Crisis continues. Not only on the Turkish domestic political front, but also in terms of its effects on…

1 year ago

When Erdoğan says “know your place”: TÜSİAD fallout and Minister Şimşek’s dilemma

Turkish Industry and Business Association (TÜSİAD) Chairman Orhan Turan and High Advisory Council Chairman Ömer Aras were detained by police…

1 year ago

New battleground in Turkish politics: Syria versus economic relief

When President Tayyip Erdoğan began reciting the opening verses of Surah Al-Fath in Arabic during his Justice and Development Party…

1 year ago

Türkiye’s taxes: “Milking the Cow” will become increasingly difficult

Milking a cow constantly makes it hard to obtain sufficient and quality milk. Eventually, the cow becomes unwell and can…

1 year ago

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 year 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 year 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 year 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 years ago