General

Successful ending to Altinkum Writers Festival

Altınkum Writers’ Festival, which was held for the 19th time this year in Didim, has come to an end. Authors met with their readers and signed their books for 15 days at the festival, which was organized with the support of Didim Municipality. The festival, which takes place every year between August 1-15, saw contributions…

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Turkish Airlines to expand with new destinations

Türkiye’s flag carrier plans to expand its international connectivity by launching flights to Detroit, Osaka and Australia, Ahmet Bolat, Turkish Airlines (THY) chairman of the board and executive committee, has said. The carrier ranks first in the world by destination countries, Bolat told a group of journalists at a press gathering where he evaluated the company’s performance and…

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Türkiye to hike corporate, motor vehicle taxes to fund quake rebuilding

Türkiye will increase corporate taxes and issue an additional motor vehicle tax, mainly to fund the recovery from major earthquakes that struck the country in February, according to a draft law presented to Parliament by the ruling Justice and Development Party (AK Party) Wednesday. The earthquakes in southeastern Türkiye killed over 50,000 people, left millions…

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Fuel price hike, fears of new public transport raise

The rise this week in petrol due to an increase in Government tax has sparked fears that it could set a new round of price hikes in taxi and bus fares.   The Special Consumption Tax (SCT), which was 2.52 TL per litre of gasoline, was increased to 7.52 TL. The tax on diesel rose…

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Is the property bubble about to end?

Exaggerated housing prices, a declining lira, and people wondering whether houses in Turkey can be used as an investment tool are all causing the sector to take stock this summer. In real terms, housing prices have decreased in foreign currency terms and could fall further with the ailing lira. While house prices have been above…

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