The real portrait of Turkey’s economy

Turkey’s financial troubles have increased since the country was hit by the COVID-19 pandemic. Contrary to government declarations, a sudden...

Turkey’s Energy Ministry has overseas companies in tax havens: report

The Directorate for Strategy Development of Turkey’s Ministry of Energy and Natural Resources has revealed in a written answer to...

Turkey sees surge in current account deficit, fall in employment levels: report

Turkey’s current account deficit leapt to $4.06 billion in November, central bank data showed on Monday, exceeding a poll forecast...

Erdoğan’s earns 31 times more than a minimum wage worker

Turkish President and Justice and Development Party (AKP) leader Recep Tayyip Erdoğan has an annual salary 31 times higher than...

Turkish inflation higher than expected at 14.6 percent in December: report

Turkish annual inflation rose more than expected to 14.6 percent in December as food costs jumped, official data showed on...

Turkey sets lowest minimum wage in 11 years for its workers in 2021

Turkey's labor minister on Monday announced the net minimum wage for 2021 at TL 2,826 ($377), the lowest figure in...

Report reveals Turkey’s minimum wage workers unable to meet basic needs

A report by the Research Center of the United Metal Workers’ Union (BISAM) has revealed that a minimum wage worker...

Turkey posts yet another current account deficit in October

Turkey’s current account remained in deficit for the 11th month in a row amid a deteriorating trade balance, Bloomberg reported. The...

Turkey sees wholesale exit of private assets overseas, says opposition MP

An opposition lawmaker has announced that Turkey saw the biggest decline in private wealth in the world, with a total...

Thousands of businesses in İstanbul, Ankara halt operations amid COVID-19

A total of 20,000 businesses in İstanbul and 15,000 in the Turkish capital city of Ankara have had to halt...

Turkey’s unemployment slightly down in September, standing at 12.7 percent

Turkey's unemployment rate fell by 1.1 percentage points year-on-year to 12.7 percent in September, the Turkish Statistical Institute (TurkStat) announced...

Foreign airlines halting flights to İstanbul due to high airport charges

Already challenged by the serious financial problems caused by the coronavirus pandemic, some foreign airlines are halting their flights to...

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