The Turkish Statistical Institute (TurkStat) announced on Sept. 11 that Turkey’s economy grew over 5 five per cent in the second quarter of this year, just as it did in the first quarter.
The inflation data in August clearly proved that inflation is not solely caused by food, as we reached the highest core inflation rate in the last 12 years at 10.2 percent. Indeed, this core inflation rate has occurred in a year when the official inflation target is 8 percent.
Deputy Prime Minister Mehmet Şimşek’s recent tweet on the size of Turkey’s economy blatantly “trolls” those who are closest to him. Following his tweet, which referred to the country’s purchasing power parity (PPP), Prime Minister Binali Yıldırım joined the chorus of those proclaiming that “we have attained our 2023 goals.”
It is obvious that the housing industry is facing problems. The unmeasured increases in estate taxes in some places have already added to these problems
A peculiar picture has again appeared in Turkey’s gold trade. The export and import of gold bars with the United Arab Emirates (UAE) is at the center of this peculiarity.
In the fiscal discipline that Ankara is quite proud of, there has been a remarkable erosion that was especially prominent in March. As we approach the referendum, public expenditures are peaking.
One of the six members of the Central Bank board, Ahmet Faruk Aysan, has quit just before the annual general assembly of the Central Bank.
Russian President Vladimir Putin, during President Recep Tayyip Erdoğan’s Moscow visit, brought a proposal that Turkey should build the infrastructure of the “Mir” payment system of Russia. Is this possible?
Wealth funds are set up in countries that are rich in natural resources, such as oil, with the aim of carrying the public wealth accumulated today and in the near future to the future, in other words, to the grandchildren. The aim is to carry today’s wealth to the future, to next generations.
