Economy and Finance
168 articles
Economy and Finance
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ANKARA ACTIVATES TAX SHIELD TO CUSHION IMPACT OF OIL SURGE
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.
Economy and Finance
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GOVERNMENT SKIPS PENSIONER BONUS HIKE, EXPLORES ALTERNATIVE MODELS
The government decided not to increase the holiday bonus paid to retirees, despite rising inflation and growing public expectations. Instead, officials began studying alternative support models aimed at low-income pensioners.
Economy and Finance
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TURKEY IN “CLOSE” NUCLEAR TALKS WITH SOUTH KOREA FOR NEW REACTORS
Energy Minister Alparslan Bayraktar said that they are in 'close and intensive' talks with the Korea Electric Power Corporation (KEPCO) for the construction of new nuclear reactors.
Economy and Finance
ANKARA STEPS UP GLOBAL ENERGY PUSH WITH NEW BP PARTNERSHIP
British energy giant BP became the third high-profile petroleum partner of state-run Turkish Petroleum Corporation (TPAO) in the past month, highlighting Ankara’s efforts to increase upstream production while diversifying its alliances.
Economy and Finance
CALL FOR POLICIES TO CURB TURKS’ OVERSEAS SPENDING
President of the Istanbul Chamber of Commerce (ITO) Şekip Avdagiç has triggered a wave of criticism after suggesting the government should introduce policies to limit Turkish citizens’ spending on vacations abroad.
Economy and Finance
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ALARM BELLS RING FOR TURKISH DRAMAS
The television drama industry is facing an unprecedented crisis as soaring inflation and domestic regulatory pressures threaten its global standing, alongside suppressive measures, including the detention of manager Ayşe Barım and the ongoing detentions in a drug and prostitution case that has labeled many figures from the sector.
Economy and Finance
JANUARY INFLATION SURGES, RAISING DOUBTS OVER DISINFLATION EFFORTS
January inflation came in higher than expected, raising concerns that price pressures remain stubbornly high and that progress toward the government’s disinflation targets is faltering.
Economy and Finance
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PRIVATIZATION DEBATE REIGNITES AS ANKARA REPORTEDLY TAPS GLOBAL ADVISORS FOR BRIDGES AND HIGHWAYS
A report regarding the privatization of the bridges on the Bosphorus and public highways has revived a debate in Turkey. The plan reportedly involves the sale of operating rights for the two Bosphorus bridges and at least nine major highways.
Economy and Finance
‘MADE IN EUROPE’ PROPOSAL: BAD NEWS AND GOOD NEWS FOR TURKEY
The EU’s draft “Made in Europe” proposal to support European producers of green technology excludes Turkey from “Europe” but allows the European Commission to determine which non-EU countries can be included in the scheme on a sectoral basis. The Turkish business community is alarmed at the new rules aimed at strengthening European manufacturing against rising competition from China and the U.S., Turkey in Depth learned. Fearing this would create a new hurdle in Turkey’s trade with the EU, business leaders have been lobbying in Brussels, urging officials to consider Turkey as part of Europe. Turkey in Depth has learned that President Recep Tayyip Erdoğan sent a letter to President of the European Commission Ursula von der Leyen regarding the decision.
Economy and Finance
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TÜSİAD ELECTS OZAN DIREN AS NEW CHAIR
Turkey’s top business association, TÜSİAD, elected Ozan Diren as its new chair at its ordinary general assembly in Istanbul. Diren, the sole candidate, will serve for the 2026–2027 term. He succeeds Orhan Turan, who completed two terms in office.
Economy and Finance
U.S. TARIFF MOVE PUTS TURKEY’S IRAN TRADE AT RISK
A new U.S. tariff move targeting countries that do business with Iran is placing billions of dollars of Turkey’s trade at risk, with exports to the United States and energy trade with Iran most exposed.
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PARLIAMENT PLANS SOCIAL MEDIA BAN FOR UNDER 15
Those under 15 may be barred from opening social media accounts under legislation that may be discussed in parliamentary commission at the end of January.