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Posted on June 22, 2023

Turkish property prices are soaring

But even a policy U-turn, which kicked off on June 22nd, when Turkey’s central bank increased the benchmark interest rate by 6.5 percentage points, might not be enough to bring the property market …

( read original story …)



Posted on June 22, 2023

Erkan: Former Wall Street star overseeing Turkey’s troubles

Turkey’s powerful leader, Recep Tayyip Erdogan … She is also a graduate of Harvard Business School’s advanced management program, and the Stanford Graduate School of Business Executive Program in …
Posted on June 22, 2023

Live news: Turkey overhauls finance ministry ahead of pivotal central bank meeting

Turkey has named a slate of deputy finance ministers just hours before a pivotal central bank meeting as the country continues to overhaul its economic management team. The four new deputies, who all have previous experience in the Turkish bureaucracy, will report to Mehmet Şimşek, the new finance minister.
Posted on June 22, 2023

Another five years with Turkey’s not-so-strong strongman

Turkey’s freshly re-elected Islamist-nationalist president torments Istanbul’s secular inhabitants. There are ever fewer neighbourhoods where secular people can live as they want. Vast new mosques proliferate,
Posted on June 22, 2023

Time has come for Turkey to ratify Sweden’s NATO bid, Swedish minister says

Turkey’s parliament should begin to ratify Sweden’s bid to join NATO because Stockholm has now met its obligations under an accord with Ankara on joining the Western military alliance, Swedish Foreign Minister Tobias Billstrom said on Wednesday.
Posted on June 21, 2023

It Took an Earthquake for These Syrian Refugees to Feel at Home in Turkey

These refugees had the chance to move freely after the earthquake prompted the Turkish government to give them permission to leave for 60 days
Posted on June 21, 2023

Electrifying time-lapse image captures 100 lightning bolts torching the sky over Turkey

The photographer combined individual images collected over a 50-minute period during an intense thunderstorm in Turkey.
Posted on June 20, 2023

Is Turkey’s economy heading for a monetary policy U-turn?

Following President Recep Tayyip Erdogan’s reelection, analysts are asking whether Turkey will stick to the unorthodox low interest rate policy he has supported. The crisis-ridden market may be headed …
Posted on June 20, 2023

Is Turkey’s economy heading for a monetary policy U-turn?

Following President Recep Tayyip Erdogan’s reelection, analysts are asking whether Turkey will stick to the unorthodox low interest rate policy he has supported. The crisis-ridden market may be headed …
Posted on June 20, 2023

Turkey Raises Wages, Potentially Contributing To Inflationary Pressures

bloomberg turkey raised its minimum wage for a second time this year, potentially adding to inflationary pressures making the job of the coun …

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