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Turkey’s new tourism levy shakes industry
Hotels and travel agencies are suffering as a result of a new 0,75 percent levy which Turkey’s newly founded…
Turkey’s poverty threshold reaches 6760 Lira – report
The Confederation of Turkish Trade Unions’ (TURK-IS) has revealed in its latest data that the country’s hunger…
High alcohol taxation blamed for rising home-brew booze deaths
At least 20 people died from drinking bootleg alcohol in Turkey in the last month as the government introduced…
Turkey’s Central Bank governor sacked for resisting 300 point rate cut…
Turkish Central Bank governor Murat Cetinkaya was fired after allegedly resisting an order by President Tayyip…
Fitch downgrades 14 Turkish banks’ rating
U.S. credit agency Fitch downgraded 14 Turkish banks’ credit score to negative. According to the Fitch statement…
Turkey struggles to keep oil prices stable: new increases in petrol and…
There are new price increases in petrol and diesel as the Turkish market is once more struggling to keep oil prices…
Erdogan says Turkey will make serious interest rate cuts
Turkish President Recep Tayyip Erdogan has insisted the country will apply serious interest rate cuts, a Turkish…
Turkish lira slides after S-400 deliveries start
The Turkish lira weakened as far as to 5.77 to the dollar on Friday after it had emerged that the delivery of the…
300,000 lose jobs in a month as Turkey’s unemployment soars to record high
Turkey’s official unemployment statistics reached a historic high as the number of jobless people soared to 4,417…
Turkish motorists get small reprieve as fuel prices drop
Turkey reduced petrol prices by 11 kurus per liter at midnight only two days after it hiked the price by 27 kurus.