Tue, 21-Oct-2025

Turkey raises electricity tariffs

Turkey Covid-19

Turkey added to inflation pressure on Saturday by raising household electricity and natural gas tariffs substantially, citing the surge in global energy prices, Bloomberg reported. The cost of electricity will soar as much as 130 per cent for some households, the Haberturk newspaper estimated, as the country switches to a graduated tariff system. The moves could … Read more

Turkish lira slumps to record low after Erdogan orders expulsions

ANKARA: The Turkish lira dropped to record lows on Monday after Turkish President Recep Tayyip Erdogan at the weekend ordered the expulsion of the ambassadors of 10 countries, including Germany and the United States. The envoys had angered the president in calling for the release of Parisian-born philanthropist and activist Osman Kavala, who has been in … Read more