Moody’s cuts Turkey’s rating to ‘B3’, raises outlook to stable Reuters Aug 12 (Reuters) – Ratings agency Moody’s on Friday lowered Turkey’s sovereign credit rating by one notch to “B3” from “B2”, citing rising balance of payment pressures and risks of further declines in the country’s foreign-currency reserves. Moodys downgraded Turkey again last night to … Read more
So they will not be effectively punished, those who used these young ones will not be investigated. Something sinister… Jewish cemetery in İstanbul vandalized Bianet :: English Unknown perpetrators damaged 36 gravestones in the Hasköy Cemetery, said the Chief Rabbinate of Turkey. In other news: Fitch cuts Turkey’s debt ratings to ‘B’ from ‘B+’ – Reuters … Read more
Turkey’s lira dips again, down 22% so far this year – Reuters Reuters ISTANBUL, June 8 (Reuters) – The Turkish lira slid 0.9% against the dollar on Wednesday, bringing its losses to 22% this year, after worries about Turkey’s inflation hits 24- year high Bianet :: English According to TurkStat, in May 2022, the annual consumer … Read more
Turkish lira hits lowest level since December • Bianet :: English The dollar/lira exchange rate has surpassed 16.70 for the first time since December 20. As the lira continues to tank, ‘It hurts only the poor’: Turkey’s finance minister defends ‘high growth-high inflation’ policies Admitting that the government could have raised the interest rates to … Read more
Turkey’s official inflation rate rises to 70 percent Bianet :: English / The highest annual increase was in transportation and food, according to TurkStat. Turkey’s annual inflation rate over 156 percent, says research group • Bianet :: English The official inflation rate was less than half of what the ENAG has found.
Research groups says Turkey’s consumer inflation was over 142 percent in March Bianet :: English The Inflation Research Group (ENAG) has calculated Turkey’s annual consumer inflation rate as 142.63 percent while the official figure stands at 61.14 percent. MARCH 2022: Turkey’s consumer inflation rate tops 61 percent, according to TurkStat Bianet :: English The Turkish Statistical Institute … Read more
Workers’ struggle for rights in Turkey: 17 thousand workers, 108 strikes in 2 months Bianet :: English “I haven’t gone to the cinema, seen a theater play or attended a concert for two years,” says a worker from the Yemeksepeti online food delivery company, speaking to the Labor Studies Community and daily Evrensel for their report. … Read more
STRIKE ACTION: Police storm Migros warehouse in İstanbul, detain over 150 workers Bianet :: English Halting work for better working conditions, over 150 workers of the Migros Depo, the warehouse of Migros supermarket chain, and three union executives were briefly detained while they were waiting in the warehouse in İstanbul’s Esenyurt. Turkey’s Doctors Are Leaving, the Latest … Read more
Corruption Perceptions Index 2021: Turkey ranks 96th among 180 countries Bianet :: English The country has dropped 43 places in the corruption index since 2013. 2021 REPORT: Turkey ranks first in violations of freedom of expression, show ECtHR statistics Bianet :: English The European Court of Human Rights handed down 78 judgements on Turkey in 2021, ruling … Read more
Turkey’s annual inflation rate is over 82 percent, finds research group Bianet :: English Shortly before TurkStat shared the official inflation rates for December 2021, the Inflation Research Group (ENAG) announced that the annual consumer inflation rate was 82.81 percent and monthly inflation rate was 19.35 percent last month. Turkey’s president cannot defy reality for long … Read more
This is a direct result of overtaxed alcohol. Islamist policies are a menace to society. Death toll from bootleg alcohol climbs to 48 Hurriyet Daily News Fatalities due to bootleg alcohol poisoning in Turkey continue to climb, reaching 48 only in two weeks, as authorities crack down on counterfeit alcohol production across the country ahead of … Read more
Turkey has become a poor country. We are observing the daily collapse of our economy… Turkey raises minimum wage by 50 percent, Erdoğan announces Bianet :: English The government has raised the minimum monthly wage from 2,825 lira to 4,250 lira for the next year. Turkish Lira crashes to new low, USD exchange rate tops … Read more
Turkish lira hits new record low despite Central Bank interventions Bianet :: English The lira plunged to as low as 14.61 to the US dollar and 16.47 to the Euro in the first half of the day. In Turkey, bread lines grow longer as inflation soars AL JAZEERA ENGLISH (IN DEPTH) Growing bread lines in Istanbul bear … Read more
No sign of increased Qatari aid to Turkey after Erdogan visit AL JAZEERA ENGLISH (IN DEPTH) President Erdogan and Emir Sheikh Tamim bin Hamad Al Thani did however sign 15 agreements to boost economic ties. Turkey’s annual inflation rate is almost 60 percent, finds research group Shortly before the state agency TurkStat announced the official consumer … Read more
Turkey replaces finance minister Hurriyet Daily News Turkish President Recep Tayyip Erdoğan replaced the country’s finance minister on Dec. 2. Erdogan says Turkey’s interest rates will continue to fall AL JAZEERA ENGLISH (IN DEPTH) Cheaper cash will boost manufacturing, create jobs and slow inflation, the Turkish president said in a TV interview. Why is Turkey’s lira … Read more