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Independent research group faces tax audit for failing to declare 33 cents

Turkey’s Finance Ministry has ordered a tax audit of an independent inflation research group whose findings anger the government for being much higher than...

Turkey’s economy expanded 7.5 percent in Q2, seen slowing in H2: report

Turkey's economy expanded 7.5 percent annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast...

Turkey’s finance minister the least successful in cabinet, survey reveals

Turkish Finance Minister Nureddin Nebati, who has been at the helm of the country’s economy since December 2021, is the least successful minister among...

Erdoğan tells Turks to show more patience amid soaring prices

Turkish President Recep Tayyip Erdoğan has said he is aware of the difficulties caused by the high cost of living in the country but...

‘Sacred duty’: Inflation eats into Turkey’s Muslim feast

With inflation in Turkey galloping, the sheep Gül Er buys every year for the Muslim festival of sacrifice in Istanbul looks agonizingly out of...

Erdoğan, TurkStat under fire after release of data on record level of inflation

Turkey’s opposition party leaders have expressed outrage over the record level of inflation, which soared to 78.6 percent in June, according to official data,...

Turkey’s inflation hits two-decade high of 78.6 percent

Inflation in Turkey in June soared to an annual rate of 78.6 percent -- the highest in 24 years, according to official data released...

Turks see high cost of living as country’s biggest problem: survey

An overwhelming majority of Turks see the high cost of living as the country’s most serious problem, according to the results of a recent...

Inflation-ravaged Turkey refuses to raise rates

Turkey's central bank on Thursday bucked global trends once again and kept its benchmark interest rate stable despite one of the highest levels of...

Turkey’s minimum wage workers earn $26 less a month than they did in 2021

Although the Turkish minimum monthly wage was increased by 50 percent for this year to help offset an increased cost of living, it has...

Erdoğan says Turkey won’t raise rates in face of soaring inflation

Turkish President Recep Tayyip Erdoğan insisted on Monday that his government was opposed to higher interest rates even as inflation in the country soars...

Finance minister says low-income families are the losers of the gov’t’s economic model

Turkey’s Finance Minister Nureddin Nebati has said a controversial economic model implemented by the Turkish government based on low interest rates benefits manufacturers and...

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