During a nine-day public holiday for Eid al-Adha (Feast of Sacrifice) in Turkey, many locals flocked to Aegean and Mediterranean resorts. Turkish Airlines carried over 2.4 million people to their destinations during this period, while many others used other means of travel, including their own cars.
Ahead of an election cycle in Turkey, eyes are once again on the economy with a key nuance.
Turkey has suddenly entered an election period this week. With just two months to the country’s early elections, many analysts have underlined economic concerns behind this sudden decision.
Being a woman is not easy in any part of the world. Playing fields in almost all walks of life - from schools to businesses – are almost always titled in favor of males. Even in the world’s most developed countries men are paid more than women. However, in some countries the situation for women is only getting worse.
The total wealth held by people living in Turkey has been decreasing, according to various recent reports. Although these reports use different criteria to define wealth, the basic picture is clear: Both private and public wealth is in decline. Some details of the reports have signaled a number of alarming trends for Turkey.
Turkey’s tourism sector has been enjoying a strong rebound after a couple of tough years. Hotel occupancy rates across the country are rising, and bookings, especially from European markets and Russia, are booming. The sector’s revenues have, however, remained to be quite lower than its European counterparts.
Once again, high inflation has definitely become one of the biggest challenges the Turkish economy is facing.
The new academic year began full of problems and unknowns in Turkey, from suddenly changing exam systems to controversy over a major curriculum change.
Significant tax rises have definitely left their marks on the Turkish government’s new economic program, which was unveiled on Sept. 27, becoming the “black swan” of it.
