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Appearance of Turkey’s economy ‘really frightening,’ independent research group says

An independent inflation research group has said in an analysis that the appearance of Turkey’s economy is “really frightening,” mainly due to the government’s...

Turkey’s discount retailers face backlash after being targeted by Erdoğan ally for price increases

Turkey’s discount retailers have faced a backlash from customers after Turkish President Recep Tayyip Erdoğan's far-right ally, Nationalist Movement Party (MHP) leader Devlet Bahçeli,...

Turkey’s inflation slows for first time since 2021: official data

Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a boost to President Recep Tayyip...

Turks welcome autumn with 20 pct hike in utility prices amid economic crisis

Turks have started autumn with news of yet another increase in natural gas and electricity prices, fueled by a currency crisis amid the highest...

Turkish inflation hits highest rate since 1998 at 73.5 percent

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday, an issue dogging President...

Turkey investigates 45 Twitter accounts due to ‘provocative’ posts about cooking oil prices

Turkish authorities have launched investigations into 45 Twitter users who posted “provocative posts or spread disinformation” about cooking oil prices in Turkey, the country's...

Turkey cuts VAT on electricity to 8 pct amid protests over high energy bills

Turkey has reduced the sales tax on electricity used in residences and agricultural irrigation from 18 percent to 8 percent, President Recep Tayyip Erdoğan...

Erdoğan warns of heavy sanctions for stores that increase prices despite VAT cut

Turkish President Recep Tayyip Erdoğan has warned that his government will impose heavy penalties on stores that increase food prices despite a recent cut...

Turkish lira collapse piles misery on northern Syria

Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighboring Turkey has slashed the value of his salary by...

Erdoğan says shelves in US, Europe empty while Turkey enjoys abundance

Despite the rising cost of living and increasing prices in Turkey, President Recep Tayyip Erdoğan has said Turkey has been enjoying an abundance of...

Turkish inflation hits 2-year high with surprise jump to 17.5 percent: report

Turkish annual inflation jumped to a two-year high of 17.53 percent in June, exceeding a forecast of 17 percent and continuing an extended rise...

Turkey’s income distribution gap largest in 11 years: TurkStat

The Turkish Statistical Institute (TurkStat) revealed in a report issued on Tuesday that the indicator for inequality of income distribution in Turkey is the worst...

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