After signing a series of tax hikes over the weekend, President Tayyip Erdoğan is traveling to the United Arab Emirates this week in search of investment and debt. On July 17-18, he will attend the G20 meetings in Gandhinagar, India, where he will be joined by Treasury and Finance Minister Mehmet Şimşek and Central Bank
President Tayyip Erdoğan left Türkiye on July 10 to attend NATO Summit in Lithuania saying, “First pave the way for Türkiye in the European Union, and then we will pave the way for Sweden.” After a two-hour flight, he landed in Vilnius, the capital of Lithuania, where the summit will be held on July 11-12.
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
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
President Tayyip Erdoğan’s re-election, in perhaps the most disadvantageous period of his rule since 2002, reveals the need to name “Erdoğanism” in Turkish politics, which has become a separate phenomena from the Justice and Development Party (AKP) he founded. Erdoğanism in numbers and beyond Erdoğan received 49.5 percent of the vote and the AKP 35.6
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
After losing in the May presidential and legislative elections, Türkiye’s opposition is in turmoil both inner-party struggles and within the coalition it created prior to the elections. The six party opposition’s People Alliance’s partner İYİ Party’s first party congress after the elections held in Ankara on 24-25 June. The party’s leader Meral Akşener’s first speech
The second round of elections in Greece took place on Sunday, June 25, ending two months of the election marathon. The result was no surprise. As predicted, the New Democracy Party, led by Kyriakos Mitsotakis, won 40.3 percent of the votes and 158 parliamentary seats, giving it the majority to form a government on its
After 27 months of stagnant rates, the Monetary Policy Committee of the Turkish Central Bank (CBRT) finally announced on June 22 that the policy rate would be increased to 15 percent, answering the rising expectations and anxious waiting. Is the “Nass” era over, one asks as the word was used by Turkish President Recep Tayyip