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Minister claims Turkey’s inflation on a downward trajectory amid record level

Although Turkey’s inflation climbed to its highest level since 1998 according to official data, hitting an annual 73.5 percent in May, Finance Minister Nureddin...

Turkish inflation hits highest rate since 1998 at 73.5 percent

Turkey's inflation climbed to its highest level since 1998, hitting an annual 73.5 percent in May, official data showed Friday, an issue dogging President...

Turkey’s inflation soars to nearly 70 percent in April

Turkey's official inflation rate rose to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdoğan,...

Turkish gov’t offers funds to agents, companies selling real estate to foreigners

Real estate agents and companies working to sell fixed properties in Turkey to foreigners will be receiving financial support in the amount of millions...

Turkey tops Europe with annual house prices up by 59.8 pct in Q4 of 2021

Turkey experienced the largest increase in housing prices in Europe with a 59.8 percent rise in the fourth quarter of 2021, compared to the...

Independent group to keep announcing inflation rates despite possible sanctions

The Inflation Research Group (ENAG) has vowed to continue releasing alternate inflation rates despite legislation proposed by the ruling Justice and Development Party (AKP)...

Turkey again refuses to raise rates to fight record inflation

Turkey's central bank on Thursday brushed aside an inflation reading that has soared past 60 percent and kept its benchmark interest rate steady for...

Turkey mulls jail terms for publishing unapproved economic data: report

Turkish economic researchers may face up to three years in prison if they publish unofficial data on indicators without first seeking approval of the...

Turkey may oblige exporters to convert 40 percent of revenue to lira

Turkey is planning to increase the rate at which exporters must convert their hard currency revenue into lira to 40 percent, from 25 percent,...

Erdoğan, nationalist ally underplay high cost of living amid rising inflation

Turkish President Recep Tayyip Erdoğan and his far-right ally Devlet Bahçeli, leader of the Nationalist Movement Party (MHP), are raising eyebrows with their attempts...

Turkish inflation hits fresh record at 61.1 percent

Turkey's inflation hit a new record in March, official data showed Monday, driven up by the fallout from Russia's invasion of Ukraine and soaring...

New hikes in food, utility prices further cripple Turks’ purchasing power

A staggeringly high cost of living has become the new normal in Turkey, where recent increases in food and utility prices are raising the...

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