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Turkey increases brand new car prices as tax cut fails
The Turkish government has taken a decision not to extend the 15 percent Special Consumption Tax (OTV) cut on small…
Price hikes send petrol prices soaring to over seven lira a liter in…
Petrol prices continue to burn a hole in Turkish citizens’ wallets, with a 25 kurus hike set to go into effect…
Turkey increases electricity price by 15 percent, a second one after…
The price of electricity has been increased by 15 percent in Turkey by the Energy Market Supervisory Board (EMRA),…
Turkey raises tea prices by 15 percent after Istanbul election
A massive 15 percent price increase of fresh tea in Turkey was inevitable as labour costs are also increasing.
Diesel price increases by 23 Kurus in Turkey
Turkey’s Employers Union of Energy Petroleum Gas Supply Stations (EPGİS) has announced that from today the diesel…
Company bankruptcies in recession- hit Turkey up by 49 percent
The number of companies that went bust in recession-hit Turkey increased 49 percent year-on-year and 20.94 percent…
Turkey posts 66.5 billion lira budget deficit in first five months of 2019
Turkey's central government posted 66.5 billion lira ($11.9 billion) budget deficit in the first five months of the…
Turkish Finance Minister’s single digit inflation forecast failed: CPI…
Turkish Treasury and Finance Minister Berat Albayrak recently forecast that the inflation rate would drop to a…
Turkish lira weakens as Ankara insists on Russian S-400 missile deal
The Turkish lira weakened to 5.90 against the US dollar nine days before Istanbul’s rerun election. Yesterday, the…
Qatari investors withdraw 4.6 billion lira from Turkey’s stock market
Investors from Qatar pulled their 4.6 billion Lira investment from the Borsa Istanbul in the first five months of…