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George Soros’s Open Society Foundations to pull out of Turkey

Decision comes after Turkish president accuses billionaire philanthropist of trying to destroy nations

The Open Society Foundation said “baseless claims” about its work made it impossible to continue.
Open Society Foundations plans to close its office in Istanbul. It claims that the Turkish government has falsely accused it of playing a role in uprisings

Moody’s Expects Contraction, Fitch Recession in Turkey’s Economy in 2019

International credit rating agency Moody’s has announced that while the economy of Turkey will grow by 1.5 percent in 2018, it will contract by 2 percent in the following year. Fitch has also warned that the country could go into recession in 2019.
Turkey’s unemployment rose to 11.1 percent in the July-September period, official data showed on Nov. 15, hitting its highest level since early last year and up from a revised 10.6 percent in the June-August period.

Turkey as the Country with Highest Inflation Rate in Europe

Turkish Statistical Institute has announced the annual consumer inflation in October as 25.24 percent. This figure shows that Turkey is the country with the highest inflation rate in Europe. What about the inflation rates of other European countries?

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