economic crisis

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MHP leader Bahçeli slams allegations of state of emergency over economic crisis

MHP leader Bahçeli slams allegations of state of emergency over economic crisis

Nationalist Movement Party Chair Devlet Bahçeli has slammed Prof. İzzet Özgenç, who argued that “a State of Emergency might be declared in Turkey due to the economic crisis.” He has dismissed the allegation as “unwariness and ignorance.”

16 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

‘The way things stand, we will be unable to find syringes in Turkey,’ warn pharmacists

‘The way things stand, we will be unable to find syringes in Turkey,’ warn pharmacists

As lira keeps crashing to new lows against foreign currencies, the ensuing increases in prices have a negative impact on the healthcare sector as well. Pharmacists and physicians warn of an imminent shortage of medication and medical equipment.

14 December 2021

CHP warns of a food crisis in Turkey, urges an intervention in fertilizer prices

CHP warns of a food crisis in Turkey, urges an intervention in fertilizer prices

Main opposition CHP MP Gürer has raised concerns that the abnormal increase in the prices of fertilizers may drive Turkey into a food crisis, calling on the authorities to intervene in fertilizer prices as soon as possible and introduce the necessary discounts.

10 December 2021

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

‘We cannot make ends meet’: Public employees to hold rallies in 4 cities of Turkey

‘We cannot make ends meet’: Public employees to hold rallies in 4 cities of Turkey

With the slogan “We cannot make ends meet”, the Confederation of Public Employees Trade Unions (KESK) will hold a rally in Diyarbakır and İzmir on December 8 and in İstanbul and Ankara on December 19.

2 December 2021

‘At least 100 newspapers may be closed in Turkey this year alone'

JOURNALISTS' FEDERATION CHAIR

‘At least 100 newspapers may be closed in Turkey this year alone'

Yılmaz Karaca, the Chair of the Federation of Journalists of Turkey (TGF), has raised concerns about the economic hardships faced by the local press in Turkey, warning that at least 100 newspapers may be closed this year alone.

30 November 2021

Police intervene against ‘We cannot make a living’ protest in Ankara

Police intervene against ‘We cannot make a living’ protest in Ankara

The police attacked the group who wanted to protest the economic crisis in Turkey and to call on the government to resign. Several people, including JinNews reporter Öznur Değer, were taken into custody.

29 November 2021

Miners protest in Thrace: ‘I cannot even buy shoes’

Miners protest in Thrace: ‘I cannot even buy shoes’

With their wages not paid for six months, mine workers have been protesting in Tekirdağ province: “No one knows what we are going through or how I am. I cannot even buy shoes for my feet on this winter day. They should be ashamed.”

25 November 2021

'We cannot make a living': Protests against economic crisis continue in Turkey

'We cannot make a living': Protests against economic crisis continue in Turkey

In the face of continued depreciation of Turkish Lira and price increases, several people took to the streets in several provinces of Turkey, especially in İstanbul, and called on the government to resign. 57 people were detained in İstanbul.

25 November 2021

Police probe 271 social media accounts over ‘foreign exchange’ posts

Police probe 271 social media accounts over ‘foreign exchange’ posts

The Directorate General of Security has announced that it has launched an inquiry against 271 social media accounts that posted messages about the rising exchange rates.

25 November 2021

Selahattin Demirtaş recommends the opposition to hold ‘7 joint rallies in 7 regions’

Selahattin Demirtaş recommends the opposition to hold ‘7 joint rallies in 7 regions’

Amid the growing economic crisis and increasing costs of living in Turkey, jailed politician Selahattin Demirtaş has urged the opposition parties at the Parliament to hold a joint press conference and to call on the government to resign.

24 November 2021

People protest economic crisis across Turkey, call on AKP to resign

People protest economic crisis across Turkey, call on AKP to resign

Several people in different cities across Turkey took to the streets and protested the economic crisis and high cost of living. They urged the government to resign.

24 November 2021

'64 percent of society don't think government can solve Turkey's economic problems'

SURVEY

'64 percent of society don't think government can solve Turkey's economic problems'

55 percent of the participants think that the opposition cannot solve the economic problems of Turkey even in the event that they come to power, shows a recent survey conducted by the Metropoll Research.

22 November 2021

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

Turkish Pharmacists’ Association: We cannot supply medicine

Turkish Pharmacists’ Association: We cannot supply medicine

The Turkish Pharmacists’ Association has noted that while the exchange rate of Euro is fixed at 4.57 Turkish Lira in pricing of medicine, the current exchange rate is 11 lira, announcing that they have been unable to procure medicine for this reason.

16 November 2021

‘61,736 shopkeepers went bankrupt in Turkey in the first eight months of 2021’

CHP’S AĞBABA

‘61,736 shopkeepers went bankrupt in Turkey in the first eight months of 2021’

Main opposition CHP Vice Chair and Malatya MP Veli Ağbaba says that the state agency TurkStat statistics on 21.7-percent economic growth does not reflect the truth, raising concerns about the shopkeepers and companies that have gone bankrupt.

13 September 2021

‘21-percent growth has apparently not affected citizens on back-to-school shopping’

MAIN OPPOSITION CHP

‘21-percent growth has apparently not affected citizens on back-to-school shopping’

Visiting the shops in their electoral districts on the first day of in-class education in Turkey, CHP MPs Utku Çakırözer and Ömer Fethi Gürer have underlined that citizens mostly complain about the economic crisis and price increases.

7 September 2021

Survey: Turkey's youth feel 'weary and lonely' because of the pandemic

Survey: Turkey's youth feel 'weary and lonely' because of the pandemic

More than 80 percent of the people are worried about not being able to pay their bills, according to the Ipsos survey.

‘Our business is closed for 14 months; I sold my house, I will now sell my car’

‘Our business is closed for 14 months; I sold my house, I will now sell my car’

Kadıköy Shopkeepers Association Chair Savaşlı says, “The government aid is not likely to give a lifeline support to the sector. It is like a drop in a glass of water. We have been incurring losses for a year now. Some people have lost all their savings.”

12 May 2021 Hikmet Adal

92.6 percent of shopkeepers in İstanbul cannot meet fixed costs

92.6 percent of shopkeepers in İstanbul cannot meet fixed costs

According to a survey conducted by the İstanbul Metropolitan Municipality with the participation of 702 shopkeepers in 39 districts, 92.6 percent of shopkeepers in the city are having problems with paying their rent, bills and workers’ salaries.

State is sinking into debt, warns HDP

State is sinking into debt, warns HDP

Batman MP Necdet İpekyüz has shared the HDP’s “Life Economy Without Debt” report with the public. “We are faced with a catastrophic picture where 739 thousand 756 people cannot pay their credit debt,” İpekyüz has warned.

11 December 2020

‘The real cause of economic crisis in Turkey is the Presidential System’

DEVA PARTY CHAIR BABACAN

‘The real cause of economic crisis in Turkey is the Presidential System’

DEVA Party Chair Babacan, also a former deputy PM from the ruling AKP, has said, “If a Central Bank Governor is removed from office in a sudden operation one night, it shows nothing other than the poor management of the economy.”

9 November 2020

Citizen says, ‘We cannot bring bread home,’ Erdoğan answers, ‘Drink some tea’

Citizen says, ‘We cannot bring bread home,’ Erdoğan answers, ‘Drink some tea’

Opposition parties have slammed President and ruling AKP Chair Erdoğan for saying, “It sounds like an exaggeration to me; here, drink some tea” after a shopkeeper told him, “We cannot bring bread home.”

26 October 2020

Turkish Airlines to put foreign national pilots on unpaid leave

Turkish Airlines to put foreign national pilots on unpaid leave

Turkish Airlines will put its foreign national pilots on unpaid leave starting from November 1, 2020. While it is still not yet certain whether the citizens of Turkey will also be affected, the decision will be reviewed after six months.

26 October 2020

IMF: Turkey's Economy May Shrink by 5 Percent in 2020

IMF: Turkey's Economy May Shrink by 5 Percent in 2020

The Fund expects Turkey to have an unemployment rate of 17.2 percent at the end of the year.

Pandemic Hits Small Shop Owners: 'How Do I Pay My Employees?'

Pandemic Hits Small Shop Owners: 'How Do I Pay My Employees?'

"Our business was already not good due to the economic crisis. There was a slowdown in the market. Now we have no hope," says a small shop owner who struggles to maintain his business during the coronavirus pandemic.

31 March 2020 Hikmet Adal

People Commenting on Economic Crisis at Court: It Has Been a Tragicomic Trial

People Commenting on Economic Crisis at Court: It Has Been a Tragicomic Trial

The lawsuit filed against 38 people including two reporters from Bloomberg and four other journalists for “opposing the Law on Capital Market” has started. The requests for immediate acquittal have been rejected.

20 September 2019 Hikmet Adal

38 Face Lawsuit for Reporting, Commenting on Economic Crisis

38 Face Lawsuit for Reporting, Commenting on Economic Crisis

Journalists Karakaya and Yalınkılıç reported on the economic crisis in 2018. Now they and 36 others, including journalists and economists, who commented on the article face jail terms for "trying to weaken the economic order and stability of the state."

4 Thousand 85 Shoe Businesses Go out of Business Over the Last 4 Years

4 Thousand 85 Shoe Businesses Go out of Business Over the Last 4 Years

Answering the parliamentary question by CHP MP Polat, Minister of Trade Pekcan has stated that 8,050 firms operating in the manufacture, repair and trade of shoes have been registered while 4,085 firms have gone out of business in the last four years.

Workers Call: "Protection for The 99% From The Crisis, Not for The 1%"

Workers Call: "Protection for The 99% From The Crisis, Not for The 1%"

Turkey's labor leaders call for joint struggle against the government's "New Economic Program" which they says aims at "transferring the burden of the ongoing crisis on the shoulders of 81 Mn people".

26 October 2018

Turkey: Indispensable for German Business

GÜRSEL KÖKSAL REPORTS FROM GERMANY

Turkey: Indispensable for German Business

German Economy and Energy Minister Peter Altmaier‘s scheduled visit to Turkey on 25 October sparks concerns on conflicting interests: Human rights and juicy tenders will be on the same table.

24 October 2018 Gürsel Köksal

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