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economic crisis

64 pct of Turks find it ‘difficult’ to manage financially: Ipsos survey

Sixty-four percent of people in Turkey, which is currently in the middle of an economic crisis as food and fuel prices have more than...

Report reveals economic decline of Turkey since introduction of presidential system

A recent report released by the Confederation of Progressive Trade Unions (DİSK-AR) research center has revealed how the presidential system has taken an economic...

90 percent of Turks struggling to make ends meet amid economic crisis: poll

Nine out of every 10 people in Turkey, which is currently in the middle of an economic crisis as food and fuel prices have...

Babacan says he regrets remaining silent about risks of system change in 2017

Democracy and Progress Party (DEVA) leader and former Turkish deputy prime minister Ali Babacan has said he regrets making a decision in 2015 not...

Top AKP politician says claims about state of emergency due to economic crisis ‘nonsense’

Deputy Chairman of Turkey’s ruling Justice and Development Party (AKP) Numan Kurtulmuş has slammed a claim about the declaration of a state of emergency...

Turkish police detain 87 people protesting soaring cost of living

Police officers have intervened in demonstrations protesting the rapidly rising cost of living in Turkey caused by a steep fall in the value of...

Turkey’s public loss exceeds $590 million under 18-year AKP rule

Public loss in Turkey, which was only around TL 9 million ($1.19 million) in 2002, when the ruling Justice and Development Party (AKP) came...

Turkey’s cheap bread lines make a comeback after 20 years

In the early 2000s Turkey went through an economic crisis that served as a catalyst in President Recep Tayyip Erdoğan’s rise to power. People...

Turkish Justice Ministry expands operations to cope with skyrocketing debt collection, bankruptcy cases

An overwhelming number of debt collection and bankruptcy cases has prompted Turkey's Justice Ministry to lease two multi-story buildings in İstanbul , the Sözcü...

Major construction company to exit İstanbul Airport consortium

Kolin Construction has applied to Turkey’s Competition Authority to relinquish its shares in İGA Havalimanı AŞ, the consortium established for İstanbul’s new airport, the...

Gov’t expenditures to please voters will cause economic hardship after election: CHP

The government’s off-budget expenditures aiming to please voters in the first three months of 2019 during an election campaign period will result in serious...

‘Off-mic’ chat with Erdoğan exposes money troubles in major İstanbul construction project

The head of Turkey’s state-run housing authority, TOKİ, inadvertently revealed serious financial problems regarding a headline Istanbul construction project during what was supposed to...

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