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Turkey’s external debt drops $25 billion at a stroke(Al Monitor, August 26, 2021)

• 31 Ağustos 2021
• English, Makale

Turkey’s central bank has revised some of its data compilation methods and definitions, as a result of which the country’s short-term external debt — foreign liabilities with a maturity of…Read more →

Erdogan plays with fire to spur economic growth(Al Monitor, August 11, 2021)

• 31 Ağustos 2021
• English, Makale

President Recep Tayyip Erdogan’s assertions that interest rates would be decreased and stop Turkey’s nearly 19% inflation from rising further have sparked fresh jitters in financial markets as the Turkish…Read more →

Ill-conceived borrowing scheme costs Turkey double(Al Monitor, August 10, 2021)

• 31 Ağustos 2021
• English, Makale

A borrowing scheme that Ankara hoped would help rein in the slump of the Turkish lira and keep interest rates in check has produced a hefty bill for Turkish taxpayers.…Read more →

Wealthy Turks drive consumption despite soaring inflation (Al Monitor, July 20,2021)

• 31 Temmuz 2021
• English, Makale

Home and car sales have perked up and shopping malls and entertainment venues appear quite lively in Turkey, even as an unyielding inflation and rife unemployment continue to haunt the…Read more →

Turkey’s inflation spirals out of control(Al Monitor, July8, 2021)

• 31 Temmuz 2021
• English, Makale

Turkey’s annual consumer inflation threatens to soar to more than 20% as official data showed a two-year high of 17.5% in June amid growing popular frustration with President Recep Tayyip Erdogan’s government. While Ankara’s…Read more →

Turkish-Danish hospital deal might be more than meets the eye (Al Monitor, June 30, 2021)

• 31 Temmuz 2021
• English, Makale

Turkey’s Ronesans Holding — a company close to President Recep Tayyip Erdogan and the builder of his sumptuous palace — has moved to sell its lucrative hospital operation business to a Danish…Read more →

Official data lays bare deepening poverty in Turkey Al Monitor, June 18,2021

• 20 Haziran 2021
• English, Makale

At least 700,000 more people plunged into poverty and the income gap widened in Turkey last year as the coronavirus pandemic aggravated the economic turmoil plaguing the country since 2018, official…Read more →

Rise in Turkish food prices sparks fears of shortages Al Monitor, June 11, 2021

• 20 Haziran 2021
• English, Makale

With its food inflation already above 17%, crisis-hit Turkey is bracing for further increases in food prices amid looming declines in key crops due to drought, coming atop already serious…Read more →

Foreign companies reinforce control over Turkey’s tobacco sector , Al Monitor, June 1 2021

• 20 Haziran 2021
• English, Makale

The tobacco market remains an important source of profit for manufacturers, tax revenues for governments and livelihood for farmers, despite the global rise of efforts to combat smoking and a relative…Read more →

Further depreciation of Turkish lira appears inevitable (Al Monitor May 17, 2021)

• 21 Mayıs 2021
• English, Makale

Turkey’s embattled currency appears on course to tumble further in the coming months, as external headwinds threaten to aggravate the country’s entangled economic woes. The Turkish lira — in a fresh…Read more →

Turkey’s religious agency grows even richer, more powerful (Al Monitor, May 13, 2021)

• 21 Mayıs 2021
• English, Makale

The Turkish government’s meddling with secular lifestyles has gone as far as to ban alcohol sales during a 17-day lockdown against the COVID-19 pandemic until May 17, stoking fears that…Read more →

Turkey’s tourism sector fears another disastrous year (Al Monitor, April 21, 2021)

• 23 Nisan 2021
• English, Makale

An alarming surge in COVID-19 infections in Turkey, coupled with an ongoing gloom in the global travel industry, threatens to wreck hopes of recovery in the tourism sector, a vital…Read more →

Crisis-hit Turkey risks disastrous foreign investor flight (Al-Monitor, March 31 2021)

• 1 Nisan 2021
• English, Makale

The turbulence rattling Turkey’s financial markets since the shocking removal of the central bank governor March 20 has caused significant losses for foreign investors, threatening to further scare them away…Read more →

Did Erdogan commit economic suicide by sacking central bank chief? (Al-Monitor, March 25, 2021)

• 1 Nisan 2021
• English, Makale

President Recep Tayyip Erdogan’s shocking decision to appoint a new central bank governor — the fourth in 20 months — has plunged Turkey’s ailing economy into deeper turmoil, marked simultaneously by high…Read more →

Turkey lifts veil on unemployment data, revealing bigger army of jobless (Al Monitor, March 19, 2021)

• 20 Mart 2021
• English, Makale

The Turkish Statistical Institute, a government-run agency, has finally broadened the scope of its unemployment data, admitting by implication that the official rates camouflage as much as 60% of the…Read more →