Tag Archives: Turkey

The collapse of the lira has put 18 million people in poverty in Turkey

The collapse of the lira has put 18 million people in poverty in Turkey

More and more Turks are suffering from the collapse of the pound. Anyone who can save something is looking to turn it into gold or hard currency. Gasoline, food, travel – everything is getting more expensive. What are people afraid of, says Deutsche Welle.

Essential goods are becoming more expensive and this is felt by everyone. Officially, annual food inflation in May was 17.5% – about one percent higher than headline inflation in Turkey, according to a report by Istanbul’s Neue Zurcher Zeitung. Author Volker Pabst explains that at the beginning of last year a dollar was exchanged for less than 6 Turkish lira, and now – for 8.70 lira.

“Gasoline and fertilizers always go up when the dollar rises. That’s why farmers sell their produce more expensively,” said a fruit and vegetable vendor at a market in Istanbul’s central Fatih district.

Meat has become a luxury

A butcher’s salesman adds that meat has become a luxury for many people and says that last year he received deliveries of meat 3 times a week from the slaughterhouse, and now only one delivery is enough because he sells significantly less.

When there was a similar jump in prices in Turkey two years ago, President Recep Tayyip Erdogan accused traders of pumping up inflation. Especially people from the poorer social strata in Turkish society feel the increase is very severe and are forced to take into account every pound. They give about 1/3 of their income only for food.

Why does the Turkish lira not stop falling?

Earlier this year, the minimum wage in Turkey was raised by 21.6% and currently stands at 2,826 pounds. In big cities, however, this money is not enough for anything. The Türk-Is union sets the poverty line for a family of four at £ 8,197. If international criteria are taken as a basis, it turns out that almost 18 million Turks live in poverty, Neue Zurcher Zeitung commented, recalling that even before the pandemic, the country had experienced great economic difficulties.

The publication quotes Meryem Meric, who has a small fabric workshop. “If I have some money left, I buy one gram of gold. I prefer it to buying dollars,” she said. At present, one gram of Turkish gold costs about 500 pounds. However, many people also invest in hard currency. In June, the total savings of Turkish citizens in foreign currency exceeded those in Turkish lira. And even at the high interest rate of 18%, with which interest rates are deposited, they are completely “eaten” by inflation.

The risk factor is Erdogan’s policy

President Erdogan’s current economic problems and inconsistent policies pose a huge risk to Turkish citizens, who fear a new devaluation of their money. In this regard, ARD reminds on its website that the Turkish president has long been opposed to high interest rates as a means of combating inflation. In the last two years, he has replaced three central bank governors. But each time it led to a new depreciation of the pound and a new jump in inflation.

In early June, inflation reached levels of nearly 15%, which was its highest value since the end of 2019 so far, according to Business Insider. For comparison: in the euro area inflation at the beginning of this year was 1%. The depreciation of income and savings mainly affects food prices, with vegetables, fruits, eggs, oil and milk rising the most.

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This post originally posted here The European Times News

One of Norwegian’s aircraft on its way to Turkey had to turn back and return to Oslo

One of Norwegian’s aircraft on its way to Turkey had to turn back and return to Oslo

One of Norwegian’s planes full of tourists did not have the necessary paperwork for landing and had to turn around and return to Oslo.

The plane was on its way to Antalya in Turkey and had arrived in Bulgaria when it became clear that the papers were not in order, newspaper VG writes.

Press contact Eline Skari in Norwegian confirms that the plane had to return to Oslo.

“The reason is that the Turkish authorities did not accept the changed flight registration as the aircraft has been transferred to the Norwegian register. 

“This has been corrected immediately in the papers of the Turkish authorities. A new aircraft and crew are in place at Oslo Airport Gardermoen, and the passengers have a new departure scheduled at 2:00 PM,” Skari wrote in an email to VG around 11 AM.

Norwegian says that they will take care of the passengers and their needs and that everyone will be served a meal on board.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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This post originally posted here Norway News

Turkey administers over 58.2 million COVID-19 vaccine doses

Turkey administers over 58.2 million COVID-19 vaccine doses

Turkey has so far administered more than 58.2 million doses of COVID-19 vaccine, according to the data released on Monday by the Health Ministry, Trend reports citing Xinhua.

More than 17 million citizens have got two doses of vaccine, while over 2.8 million have taken their third shots in the country of 83 million, said the ministry.

Meanwhile, authorities warned the daily COVID-19 cases are on the rise in the provinces with low vaccination rate.

12 killed, 20 injured as bus carrying migrants crashes in Turkey

12 killed, 20 injured as bus carrying migrants crashes in Turkey

At least 12 people were killed and 20 others were injured after a minibus carrying illegal migrants crashed in eastern Turkey’s Van province on Sunday, Trend reports citing Daily Sabah.

According to the authorities, the crash occurred in Van’s Muradiye district, where the vehicle caught fire after tumbling into a ditch.

Medical teams, firefighters, security forces as well as emergency personnel from Turkey’s Disaster and Emergency Management Authority (AFAD) were dispatched to the scene.

Turkey has been a key transit point for illegal migrants aiming to cross into Europe to start new lives, especially those fleeing war and persecution. However, journeys often turn lethal, be it a short journey to Greece by sea aboard unsafe boats or in overcrowded minibuses and trucks.

Migrants – mostly from Iran, Afghanistan and Pakistan – regularly cross the Iranian border into Turkey on foot before being ferried west to cities such as Istanbul and Ankara.

Will Turkey go on the Amber list? ‘Their time is about to come’ in new travel announcement

Will Turkey go on the Amber list? 'Their time is about to come' in new travel announcement

Turkey has the third-highest number of total COVID-19 cases in Europe, since the start of the pandemic.

Almost five and a half million people have tested positive for coronavirus in Turkey, compared with the UK’s five million.

However, while the UK has recorded 130,000 Covid-related deaths, Turkey has only reported 50,000.

In the past 24 hours, Turkey reported fewer than 5,000 new Covid cases, compared with the UK’s 27,100.

Author: Matt Atherton
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