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
Turkish unemployment down at end of 2021 Turkey is in the midst of an economic crisis, marked by historically high inflation. The government has misled the public with its unemployment figures in the past. By Al-Monitor Staff
Turkey’s food delivery couriers latest to strike amid economic crisis A spate of industrial action from courier drivers comes as they step into an important gap created by COVID isolation. Turkey
Russian invasion of Ukraine would spell more economic turbulence for Turkey War would bring Turkey under intense pressure from its Western allies to join putative sanctions against Russia, a critical trading partner and supplier of natural gas. Turkey
Israel still hesitant to rehab diplomatic relations with Turkey Jerusalem seems unconvinced that Turkish President Recep Tayyip Erdogan sincerely wants to improve bilateral relations. Israel
Turkish inflation hits two-decade high, inches toward 50% With annual producer inflation reaching 93.5%, further price increases appear in store for Turkish consumers in February and March after consumer inflation sets a two-decade record in January. Turkey
Independent Turkey economists face court action over inflation figures that challenge official data ENAGrup is sued over calculations that put yearly price rises at 83% and told to halt work refuting state agency’s rate. Turkey
Turkey’s central bank continues window dressing with currency swaps Hit by a foreign reserves drain, Turkey’s central bank eyes fresh currency swap deals, including with the central banks of Azerbaijan, Turkmenistan, Uzbekistan and Libya. Turkey
Pro-Erdogan business leaders anxious about Turkey's economy The pro-government business association MUSIAD has stood behind Erdogan’s controversial economic policies but appears concerned that both borrowing costs and foreign exchange prices remain above the desired levels. Turkey
Inflation crisis hits Turkey's retirees hardest of all According to economists and Turkish seniors' personal accounts, the elderly who suffered most during the COVID-19 pandemic are now being hardest hit by the economic slump. Turkey
Turkish women decry high price of sanitary pads Women activists call on the Turkish government for a tax reduction and other measures to lower the prices of menstrual products, which have grown forbiddingly expensive amid the country’s economic turmoil. Turkey
The Takeaway: Iraq takes first steps toward new government: What comes next Updates from our regional correspondents on Turkey, Kazakhstan and Saudi Arabia, Oman, and Egypt; multimedia on Israel and Iran — all in about 1,000 words. Iraq
Kazakhstan crisis challenges Turkey's leadership of Turkic union The unrest rattling Kazakhstan has reflected the irrelevance of Turkey and the Organization of Turkic States chaired by President Recep Tayyip Erdogan. Turkey
