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The Turkish central bank maintained Thursday for the sixth consecutive month its main rate at 14%, refusing to raise the latter despite inflation which accelerated to nearly 75% over one year. “The process of disinflation will begin with the restoration of an environment of peace in the world and the disappearance of the base effects…
Utku Ozbay has been a dentist for 21 years in Turkey, but she is considering changing jobs because of the inflation. “I’m going to do something else, just to pay my bills. I’m a single mother. I have a 9-year-old son. I can’t pay his school fees anymore. It’s getting really, really difficult,” he explains.…
For the past month, relations between the two neighbors (Greece and Turkey) have again been poisoned by the Turkish doctrine of the “Blue Fatherland”, the maritime zone claimed by Ankara. The Turks are particularly interested in its gas potential. The relief will not last. After a short period of rapprochement between Turkey and Greece –…
The various Israelis tourism companies confirm that there are quite a few cancellations on flights to Turkey. In addition, the Gulliver site reports a sharp drop in flight bookings and holiday packages to Turkey. Yesterday we reported on phone calls received by Israelis who were in Turkey in which they were warned by Israeli security…
The European Parliament warned on Tuesday June 7 against the deterioration of human rights in Turkey, calling for real efforts from Ankara without which no prospect of resuming EU accession negotiations is possible. By 448 votes (67 votes against, 107 abstentions), MEPs adopted a non-binding report which deplores “the decline in fundamental freedoms, democracy and…
Welcome to “Türkiye” ! In a letter to the UN, Ankara asks to no longer be called “Turquie” in French, and especially “Turkey” in English. The country prefers its Turkish name “Türkiye”. Stop calling it “Turkey” or “Turkey” at the United Nations. The Asian country closest to Europe is now officially called in all languages…
How is rental price in Turkey ? In recent months, rising rents have been a major concern among tenants in Turkey. The fear of seeing his rent increase is on everyone’s lips… This Wednesday, June 8, the Minister of Justice, Bekir Bozdağ, announced that the increase in the price of rents for residential rentals would…
Russia and Turkey are in full negotiation. Russian Foreign Minister Sergei Lavrov is in Turkey to negotiate the opening of a maritime humanitarian corridor proposed by Ankara. The relationship between Vladimir Putin and Recep Tayyip Erdogan seems to be one of the keys to the conflict and could unlock Ukrainian foodstuffs subject to the Russian…
Turkey plays a mediating role in the war in Ukraine. The head of Russian diplomacy, Sergei Lavrov, is expected by his Turkish counterpart, Mevlüt Cavusoglu in Ankara on Wednesday, for discussions on the resumption of Ukrainian grain exports. An ally of Ukraine, to which it provides combat drones, Turkey is nevertheless careful to preserve its…
Despite inflation, President Recep Tayyip Erdogan still wants to lower interest rates. INFLATION Inflation in Turkey hit 73.5% YoY in May Turkish President Recep Tayyip Erdogan announced on Monday that he wants to lower interest rates again as inflation in Turkey hit 73.5% year on year in May. “Let no one expect that from us.…
