content tagged with economy

Bülent Danışoğlu

Where to reduce the state?

Where to reduce the state?

Liberals still advocate for the reduction of the state, but now they no longer emphasize freedoms and democracy. What is actually desired is to reduce the public services provided by the state. This means implementing the security state that liberals want.

28 November 2023

Turkey to unveil tax incentives to boost foreign currency inflows

Turkey to unveil tax incentives to boost foreign currency inflows

Tax reduction and exemption rates applied to some activities of tax payers abroad will be increased, provided that the earnings are brought into Turkey, the finance minister has said.

22 November 2023

Highest-ever increase on fuel taxes sparks outrage in Turkey

Highest-ever increase on fuel taxes sparks outrage in Turkey

The recent surge in fuel taxes is anticipated to exacerbate the already high inflationary pressures.

Turkey's latest official figures report unemployment rate of 10.2%

Turkey's latest official figures report unemployment rate of 10.2%

The overall unemployment rate increased by 0.1%, while the youth unemployment rate dropped by 1.2% to reach 19.1%, according to a recent TurkStat study.

TurkStat announces inflation at 43%, continues to withhold inflation basket despite court ruling

TurkStat announces inflation at 43%, continues to withhold inflation basket despite court ruling

ENAG reports that Turkey's inflation rate remains in triple digits. Despite DİSK's win in a lawsuit against the suspension, the official statistical institute continues to withhold the publication of its inflation basket.

Turkey has highest food inflation among OECD countries

Turkey has highest food inflation among OECD countries

The organization measures Turkey's inflation at 57,7 percent for 2022 and forecasts the inflation to remain in the 40 percent range for 2023 and 2024.

Starvation line exceeds the minimum wage

Starvation line exceeds the minimum wage

A minimum wage (8,506 lira) does not cover the necessary monthly food expenditure (8,864 lira) for a family of four anymore, according to research by The Confederation of Turkish Trade Unions (TÜRK-İŞ).

30 January 2023

Türkiye posts highest budget deficit of year in October

Türkiye posts highest budget deficit of year in October

The budget deficit last month was nearly five times higher compared to the same month last year.

16 November 2022

Central Bank raises year-end inflation forecast

Central Bank raises year-end inflation forecast

Annual inflation is projected to hit 60.4 percent by the end of this year and 19.2 percent by the end of 2023, according to the Central Bank governor. The previous estimates were 42.8 percent for 2022 and 12.9 percent for 2023.

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

'It hurts only the poor': Turkey's finance minister defends 'high growth-high inflation' policies

Admitting that the government could have raised the interest rates to curb the inflation, Minister Nebati has unintentionally contradicted President Erdoğan's theory that higher interest rates bring higher inflation.

TurkStat: Turkey’s unemployment rate stands at 11.5 percent

TurkStat: Turkey’s unemployment rate stands at 11.5 percent

According to official figures, the narrowly defined number of unemployment became 3 million 894 thousand in March.

Cheap labor and food inflation at the same time

Cheap labor and food inflation at the same time

Governments that view cheap labor as an instrument of growth already tend to implement anti-democratic practices; we should take into account that repression may increase even more in periods like this.

14 April 2022 Bülent Danışoğlu

Half of people in Turkey 'eat less' to make ends meet, shows survey

Half of people in Turkey 'eat less' to make ends meet, shows survey

More than 60 percent of the people said they stopped eating meat because of the worsening economy.

Survey: Over 70 percent of AKP voters think Turkey's economy is bad

Survey: Over 70 percent of AKP voters think Turkey's economy is bad

When asked about what the country's most important problem is right now, an overwhelming majority of 70.2 percent of the respondents said it is the economy.

Russia-Ukraine war: How will it affect Turkey’s economy?

Russia-Ukraine war: How will it affect Turkey’s economy?

From agriculture to energy, from tourism to construction… Ukraine and Russia were two countries with the largest trade volume with Turkey.

25 February 2022 Hikmet Adal

Looking for an easy way out: the gold rush

Looking for an easy way out: the gold rush

After no money could be found under the mattress, it is time to look for gold. Why would a person hand over a tool to the system by their own hands despite resorting to that tool because they do not trust the system?

18 February 2022 Bülent Danışoğlu

HDP proposes adjusting minimum wage in Turkey every 3 months

HDP proposes adjusting minimum wage in Turkey every 3 months

Garo Paylan, the HDP Vice Co-Chair Responsible for the Economy, says, “The wage increase has melted before minimum wage earners have it in their pockets”, noting that Erdoğan has taken back a lot more than the wage increase he gave to people.

3 February 2022

‘Turkey’s economy is in complete collapse,’ says CHP Chair Kılıçdaroğlu

‘Turkey’s economy is in complete collapse,’ says CHP Chair Kılıçdaroğlu

Main opposition leader Kılıçdaroğlu has addressed journalists: “Don’t worry, it is so close… Regardless of who they are, they will see what press freedom is as long as they act morally and we will know how to learn from those criticisms.”

11 January 2022

Study: People in Turkey prefer both democracy and a powerful leader

Study: People in Turkey prefer both democracy and a powerful leader

Economy and refugees are seen as the country's most important problems, Kadir Has University's study has found.

Erdoğan has a new success story as small investors 'conned'

WEEKLY ROUNDUP #14

Erdoğan has a new success story as small investors 'conned'

Ordinary people paid the price for a week of massive fluctuations in the Turkish lira • Political implications of the government's "forex-indexed deposit" tool • Burning of three refugees to death remained covered up for weeks

26 December 2021 Volga Kuşçuoğlu

Drifting from one mistake into another

Drifting from one mistake into another

It is not possible for the state to compensate the difference between the exchange rate increase and the interest rate for a long time. The possibility of an election in the fall has increased very much.

22 December 2021 Bülent Danışoğlu

Erdoğan slams business group over call to 'return to rules of economic science'

Erdoğan slams business group over call to 'return to rules of economic science'

The president cited the Quran for his advocacy of low interest rates. Another business group announced support for his "new economic model."

20 December 2021

Will Turkey declare state of emergency over economic crisis?

Will Turkey declare state of emergency over economic crisis?

A law professor close to the president suggested that "we should be prepared for a state of emergency due to the economic crisis." Economics Mustafa Sönmez has commented about the issue.

15 December 2021 Hikmet Adal

Cost of living has increased by 50 percent in İstanbul in a year

İSTANBUL PLANNING AGENCY

Cost of living has increased by 50 percent in İstanbul in a year

According to the data of the İstanbul Planning Agency, the cost of living has increased by 50.18 percent in İstanbul in a year. The housing rents in the city have also increased by 71.43 percent, the study has shown.

6 December 2021

Increasing food prices in Turkey: ‘We cannot make a living’

CITIZENS SPEAK OUT

Increasing food prices in Turkey: ‘We cannot make a living’

With the prices constantly rising, citizens find it more and more difficult to afford food: “Due to the price policy of the government, citizens are once again having a hard time making ends meet. The price tags at markets change every week."

19 November 2021 Atiye Eren,Melissa Feza Katlar

Opposition leaders call for an urgent snap election in Turkey

Opposition leaders call for an urgent snap election in Turkey

Main opposition CHP Chair Kılıçdaroğlu and İYİ Party Chair Akşener held a joint press conference and urged President and AKP Chair Erdoğan to call elections immediately.

18 November 2021

Survey: People hold Erdoğan responsible for economy’s free fall

Survey: People hold Erdoğan responsible for economy’s free fall

According to the results of a survey by Operational Research Company, the most urgent problems of Turkey are economic crisis, unemployment and difficulty in making ends meet. 55 percent hold Erdoğan responsible for the bad economic situation.

11 November 2021

Survey: Over 62 percent think Erdoğan manages the economy badly

AVRASYA RESEARCH

Survey: Over 62 percent think Erdoğan manages the economy badly

According to a recent survey by Avrasya Research company, 48.1 percent of respondents are of the opinion that the economy will recover if the government changes.

1 November 2021

Labor share in GDP decreased despite high growth rate

Labor share in GDP decreased despite high growth rate

While Turkey recorded an annual growth rate of 21.7 percent, the labor share in the GDP continued to decline.

1 September 2021

Erdoğan: Turkey to start Canal İstanbul project this month, may reduce interest rates in July

Erdoğan: Turkey to start Canal İstanbul project this month, may reduce interest rates in July

The president has said that the opposition shouldn't ask about how the Central Bank's foreign currency reserves of 128 billion dollars were spent.

The story of production in Diyarbakır

The story of production in Diyarbakır

Detailing Diyarbakır’s history of production and trade, the online exhibition of “The history of production: Crossroads, cornucopia and politics” is jointly held by Anadolu Kültür and Diyarbakır Association for the Protection of Cultural and Natural Assets.

‘Those who knew Central Bank Governor's dismissal bought 1.1 billion dollars’

HDP'S NECDET İPEKYÜZ

‘Those who knew Central Bank Governor's dismissal bought 1.1 billion dollars’

HDP MP Necdet İpekyüz says that while the average amount of US dollars purchased in Turkey a day is between 150-400 million dollars, those who knew that Central Bank Governor Ağbal would be dismissed have got richer.

30 March 2021 Hikmet Adal

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