Category: Economy
Turkey’s central bank hikes interest rates again as it tries to tame eye-watering inflation
23rd November 2023
(AP) — Turkey’s central bank delivered another huge interest rate hike on Thursday as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods. The bank pushed its policy ...
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Foreign residents leave Antalya due to rising cost of living
10th November 2023
Foreigners who have obtained residency permits in Turkey’s Mediterranean province of Antalya are leaving the toursim hub due to the rising cost of living in the city. In 2023, sixteen percent of those with residency ...
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Turkish Finance Minister Şimşek unveils large-scale privatization of infrastructure facilities
2nd November 2023
Turkey’s Finance and Treasury Minister Mehmet Şimşek announced that some hydroelectric power plants, ports, highways, bridges, and lands belonging to the Electricity Generation Corporation (EÜAŞ) would be privatized while answering the questions of the lawmakers ...
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