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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...

Turks grapple with poverty as inflation bites

Gülay Avşar is a regular at a market in Ankara's old town, where prices are more reasonable than most other places around the Turkish...

Turkey’s meat consumption falls by 30 percent while pasta is up 25 percent

A family of four in 2020 has consumed 30 percent less meat than four years ago, while there has been a 25 percent increase...

Turkey to import potatoes from Syria in attempt to push down prices

Turkey is allowing potato imports in limited quantities from Syria in an attempt to offset skyrocketing domestic prices, Economy Minister Nihat Zeybekci announced on...

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