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Inflation in Turkey: Record After Record

Inflation in Turkey: Record After Record

The Turkish Institute of Statistics (TÜİK) on Wednesday, August 3, 2022 published inflation data (TÜFE – Consumer Price Index), which was recorded in July this year. According to TÜİK, inflation in Turkey last month was a record 79.60 percent year-on-year, 60.65 percentage points higher than in July 2021. The figure is the highest in the […]

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Rent increases in Turkey are now restricted by law

Rent increases in Turkey are now restricted by law

Earlier this week, Turkish Justice Minister Bekir Bozdag issued a statement according to which the authorities decided to introduce a separate clause in the current law regulating rent increases. Already today, June 11, 2022, Turkey’s official government gazette Resmi Gazete came out with temporary changes to the “Debt Law” (6098 sayılı Türk Borçlar Kanunu), which […]

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