Showing 13 to 20 of 20 results
Turkey's Plan to Combat Inflation and Mitigate US Tariff Impact
Turkish Treasury and Finance Minister Mehmet Şimşek announced a plan to lower inflation to single digits by 2027, aiming for 24% this year and 12% in 2025, while stating that the impact of US tariffs will be limited due to Turkey's focus on domestic demand. He also defended the government's use of r...
Turkey's Plan to Combat Inflation and Mitigate US Tariff Impact
Turkish Treasury and Finance Minister Mehmet Şimşek announced a plan to lower inflation to single digits by 2027, aiming for 24% this year and 12% in 2025, while stating that the impact of US tariffs will be limited due to Turkey's focus on domestic demand. He also defended the government's use of r...
Progress
40% Bias Score
Turkey's 2024 Tax Campaign Boosts Rental Income Declarations
Turkey's tax authority launched a 2024 tax compliance campaign targeting rental income, analyzing 1.5 million properties, resulting in 376,000 new taxpayers declaring rental income and a significant increase in tax revenue; the campaign used on-site inspections and data analysis to increase complian...
Turkey's 2024 Tax Campaign Boosts Rental Income Declarations
Turkey's tax authority launched a 2024 tax compliance campaign targeting rental income, analyzing 1.5 million properties, resulting in 376,000 new taxpayers declaring rental income and a significant increase in tax revenue; the campaign used on-site inspections and data analysis to increase complian...
Progress
48% Bias Score
Turkey's Inflation Rate Reduced to 44 Percent; 21 Percent Target Set for 2024
Turkey's Treasury and Finance Minister Mehmet Şimşek announced that the country's inflation rate has decreased from 65 percent in 2023 to 44 percent and aims to reach 21 percent in 2024 via implemented policies focusing on reducing the current account deficit and increasing foreign reserves.
Turkey's Inflation Rate Reduced to 44 Percent; 21 Percent Target Set for 2024
Turkey's Treasury and Finance Minister Mehmet Şimşek announced that the country's inflation rate has decreased from 65 percent in 2023 to 44 percent and aims to reach 21 percent in 2024 via implemented policies focusing on reducing the current account deficit and increasing foreign reserves.
Progress
52% Bias Score
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Progress
40% Bias Score
Turkey's Finance Minister Reassures Investors Amidst Post-Court Ruling Currency Volatility
Following a Turkish court ruling that sparked increased currency demand—60% from foreign investors, 30% from domestic companies, and 10% from individuals—Turkey's Treasury and Finance Minister Mehmet Simsek assured investors that this won't permanently harm inflation, while the Central Bank emphasiz...
Turkey's Finance Minister Reassures Investors Amidst Post-Court Ruling Currency Volatility
Following a Turkish court ruling that sparked increased currency demand—60% from foreign investors, 30% from domestic companies, and 10% from individuals—Turkey's Treasury and Finance Minister Mehmet Simsek assured investors that this won't permanently harm inflation, while the Central Bank emphasiz...
Progress
44% Bias Score
Turkey's 2024 Economic Growth: Disparity Amidst Nominal Gains
Turkey's economy grew by 3.2% in 2024, reaching a GDP of \$1.32 trillion, but 48.9% of the population earns near or below minimum wage (\$605), highlighting a significant income disparity despite the growth. Household consumption drove growth, while inflation reached 44%, exceeding projections.
Turkey's 2024 Economic Growth: Disparity Amidst Nominal Gains
Turkey's economy grew by 3.2% in 2024, reaching a GDP of \$1.32 trillion, but 48.9% of the population earns near or below minimum wage (\$605), highlighting a significant income disparity despite the growth. Household consumption drove growth, while inflation reached 44%, exceeding projections.
Progress
52% Bias Score
Turkey Extends Force Majeure for Earthquake-Hit SMEs
Turkey extended force majeure for 80% of SMEs in Kahramanmaraş earthquake-affected cities until May 31, 2024, impacting 73,087 businesses with 2022 turnover under 2.5 million lira (approx. 6 million lira by 2024), per a statement by Treasury and Finance Minister Mehmet Şimşek.
Turkey Extends Force Majeure for Earthquake-Hit SMEs
Turkey extended force majeure for 80% of SMEs in Kahramanmaraş earthquake-affected cities until May 31, 2024, impacting 73,087 businesses with 2022 turnover under 2.5 million lira (approx. 6 million lira by 2024), per a statement by Treasury and Finance Minister Mehmet Şimşek.
Progress
36% Bias Score
Turkey's Food Inflation Soars to 50%, Exposing Decades-High Costs
Food inflation in Turkey skyrocketed to nearly 50% in November 2024 compared to 2020, impacting the cost of everyday meals; a detailed analysis of recipe costs from 2009 to 2024 reveals price increases ranging from 276% for Menemen to 2500% for Beğendili Kebap.
Turkey's Food Inflation Soars to 50%, Exposing Decades-High Costs
Food inflation in Turkey skyrocketed to nearly 50% in November 2024 compared to 2020, impacting the cost of everyday meals; a detailed analysis of recipe costs from 2009 to 2024 reveals price increases ranging from 276% for Menemen to 2500% for Beğendili Kebap.
Progress
44% Bias Score
Showing 13 to 20 of 20 results