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Turks develop cheaper versions of common foods to cope with rising prices

A snack bar in Turkey has been seen selling gözleme, similar to crepes, with no filling, the latest attempt to provide cheap alternatives to...

Erdoğan warns of heavy sanctions for stores that increase prices despite VAT cut

Turkish President Recep Tayyip Erdoğan has warned that his government will impose heavy penalties on stores that increase food prices despite a recent cut...

Turkey’s finance minister courts investors in London, promises stable lira: report

Turkey expects the lira to remain around its current level after suffering a 44 percent slump against the dollar last year, Finance Minister Nureddin...

High energy prices put more pressure on Turks

When temperatures plunged well below freezing in Ankara and energy prices soared, Döndü İşler had to make a tough choice to both stay warm...

Turkish annual inflation stands at 115 pct, independent research group says

An independent group of academics and economists working on key data that map economic performance has said it calculated Turkey’s rate of inflation in...

Turkey’s inflation surges to 48.7 percent, highest since 2002

Turkey's annual inflation jumped more than expected to 48.69 percent in January, nearly a two decade high according to data on Thursday, fueled by...

Turkey halts four-month streak of interest rate cuts

Turkey's central bank on Thursday bowed to market pressure and halted a four-month streak of interest rate cuts that saw inflation soar and the...

BBC journalists in İstanbul office go on strike for higher wages amid lira crisis

Journalists working for the İstanbul bureau of the BBC went on strike on Friday after their demands for a pay raise due to the...

[OPINION] Empty pots and soaring inflation disrupt Erdoğan’s rule

Türkmen Terzi Millions of Turks are facing growing uncertainty as the Turkish lira lost almost 50 percent of its value against the US dollar in...

Turkish inflation hits 19-year high in December

Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed Monday, after a currency crisis sparked by President...

Erdoğan vows Turkey’s inflation rate will fall

President Recep Tayyip Erdoğan vowed Sunday to rein in inflation decimating Turks' purchasing power and doubled down on his opposition to high interest rates,...

Opposition parties, labor unions dissatisfied with Turkey’s minimum wage hike

Turkey’s opposition parties and representatives from labor unions have expressed dissatisfaction with a 50 percent increase in the country’s minimum wage for 2022, saying...

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