India wages economic war on Turkey for supporting Pakistan in Kashmir Turkish business interests are taking a hit as India retaliates against Ankara’s backing of Pakistan on Kashmir. Turkey
New German government to decide on Eurofighter sale to Turkey: Officials Germany’s outgoing government will leave the Eurofighter sale decision to incoming Chancellor Friedrich Merz, official German sources suggested to Al-Monitor. Turkey
Turkey’s Simsek tours US for IMF, WB summits, Treasury Secretary meeting Turkey’s finance czar is starting his trip in New York before heading to Washington for talks on economic cooperation and global financial issues. Turkey
Turkey hikes interest rate to 46% amid turmoil over Imamoglu’s arrest The rate hike marks the first since March 2024, amid growing economic turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu. Turkey
Turkey’s potential xenophobia goes beyond Syrian refugees Growing popular resentment of refugees and migrants is on course to become the second hot-button election topic in Turkey after the economic crisis, but the government is not in a position to force the return of Syrians, the main component of the problem. Turkey
Can Ankara-Riyadh rapprochement help improve Turkey-Egypt ties? Although Ankara has secured several diplomatic strides by normalizing its relations with Saudi Arabia and the United Arab Emirates, rapprochement with Egypt still seems a challenging prospect. Turkey
Turkish soccer in dire straits due to economic crisis, power struggles Turkey’s soccer sector has hit rock bottom as power struggles as well as financial and structural difficulties set in. Turkey
Turkish inflation jumps from 20% to 70% in just six months Even if monthly price increases ease to an average of 5% in the coming months, Turkey would face an annual consumer inflation of over 100% in the fall and finish the year with a rate of some 90%. Turkey
Turkish opposition leader loses electricity as he protests high prices Turkey’s main opposition leader Kemal Kilicdaroglu’s one-family resistance to protest exorbitant electricity price hikes has garnered large support from the public. Turkey
Ankara’s interest liabilities balloon to dizzying heights The ratio of the Turkish government’s interest liabilities to its principal domestic debt has hit a staggering 117%, up from 60% last year. Turkey
Russian invasion of Ukraine slams Turkey’s transportation industry Traffic at the Turkish border crossings have come to a grinding halt after trucks en route to Russia, Belarus and Central Asia diverted routes to Turkey and Georgia following Russia’s invasion of Ukraine. Turkey
Analysis The Takeaway: Ukraine war worsens Middle East oil gap Sudan’s Burhan accuses UN envoy; Egypt increases support for Sudan; Libya cracks down on human rights activists; Turkey’s farmers face economic pinch; Islamic State uses dust as cover in Iraq … all in less than 1,200 words! By Andrew Parasiliti , Elizabeth Hagedorn
Inflation storm worsens Turkey’s income distribution gap Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses. Turkey
Online shopping in Turkey took off in 2021 The jump coincides with growth in Turkey’s fintech sector, but e-commerce faces some challenges. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Ramadan becomes political battleground in Turkey Lavish Ramadan gatherings by Turkey's ruling party have fueled public outrage amid staggering inflation and skyrocketing prices. Turkey
Turkey’s farmers call for urgent support as food alarm grows Turkey’s agricultural producers are grappling with exorbitant cost increases that threaten further blows to the country’s food production amid an already galloping inflation. Turkey
