Turkish retailers heed gov't appeals to freeze prices amid high inflation

STORY: Turkish retailers heed gov't appeals to freeze prices amid high inflation DATELINE: Jan. 26, 2023 LENGTH: 00:03:40 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets at cashpoints and supermarkets in Türkiye 2. SOUNDBITE 1 (Turkish): SEMRA TOPRAK, Pensioner 3. SOUNDBITE 2 (Turkish): SAHIN DURAK, Self-employed person STORYLINE: Responding to the appeals by the government, major retailers in Türkiye have launched an initiative to freeze prices and even offer discounts on many daily essential goods despite the country's steep inflation rate. A fresh wave of price increases swiped the country after the Turkish government announced a 55-percent increase in the minimum wage for 2023 in December 2022. This prompted Nureddin Nebati, minister of Treasury and Finance, to warn shops against "unfair pricing." Supermarket chains, such as Migros and discount retailers Sok, BIM and A101, announced at the start of the year that they will freeze the price of thousands of daily goods f

Türkiye targets 5 pct growth in 2023: minister

STORY: Türkiye targets 5 pct growth in 2023: minister DATELINE: Nov. 11, 2022 LENGTH: 0:01:25 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people and vehicles on the street 2. various of farming 3. various of industry 4. various of Turkish lira 5. various of ports STORYLINE: Türkiye foresees economic growth of 5 percent in 2022 and targets the same growth rate in 2023 as the government expects to "maintain its balanced outlook" next year, Turkish Treasury and Finance Minister Nureddin Nebati said on Thursday. Preliminary indicators for the second half of 2022 point to moderate growth with the impact of the global slowdown, Nebati said during the budget talks of the parliament. The total employment capacity of the country has risen above the pre-pandemic period and reached historically high levels, Nebati said, adding "total employment reached 31.4 million people as of September, while as of August, the unemployment rate decreased to the lowest level of the last 8 years with 9.9 percen

Türkiye's Aug. unemployment rate hits lowest level since 2014

STORY: Türkiye's Aug. unemployment rate hits lowest level since 2014 DATELINE: Oct. 11, 2022 LENGTH: 00:01:55 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish flag 2. various of people on the streets in Türkiye 3. various of steel factories and employees in Türkiye (courtesy of ihlas news agency) 4. various of railway construction and employees in Türkiye (courtesy of ihlas news agency) 5. various of Turkish Treasury and Finance Minister Nureddin Nebati (courtesy of ihlas news agency) 6. various of some factories and employees in Türkiye (courtesy of ihlas news agency) 7. various of a woodwork factory and employees in Türkiye (courtesy of Ankara metropolitan municipality) 8. various of Turkish President Recep Tayyip Erdogan 9. various of a woodwork factory and employees in Türkiye (courtesy of Ankara metropolitan municipality) STORYLINE: Türkiye's unemployment rate in August dropped to a single digit for the first time in four years and the lowest monthly level since 2014, according to da

Türkiye's inflation to start to ease sharply in December: minister

STORY: Türkiye's inflation to start to ease sharply in December: minister DATELINE: Aug. 24, 2022 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of city views 2. various of people walking on the street 3. various of bank staff counting money 4. various of exchange rate STORYLINE: Türkiye's annual inflation rate will start to ease sharply in December and the fall will continue in 2023, the country's Treasury and Finance Minister Nureddin Nebati said Tuesday. The reason behind the rapid increase in the country's inflation rate in the first seven months was the Turkish lira's loss of value, but the rise has been eased recently, Nebati told the NTV news channel. Türkiye's annual inflation hit 79.6 percent in July, the highest level in 24 years. The country is facing financial woes unseen in decades. The Turkish lira has been plunging since the outbreak of the COVID-19 pandemic in early 2020. The Russia-Ukraine conflict that erupted in late February has worsened the situat

Turkey's economic woes amplified by Fed's rate hikes

STORY: Turkey's economic woes amplified by Fed's rate hikes DATELINE: June 25, 2022 LENGTH: 00:04:31 LOCATION: Ankara CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. STANDUP (English): BURAK AKINCI, Xinhua correspondent 2. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 3. various of Turkish lira 4. various of Turkish President Recep Tayyip Erdogan 5. various of Turkish Finance and Treasury Minister Nureddin Nebati (courtesy of Ihlas News Agency) 6. various of US dollar 7. various of people at shopping in Turkey (courtesy of Ihlas News Agency) 8. SOUNDBITE 1 (Turkish): ENVER ERKAN, Chief economist at Istanbul's Tera Securities 9. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Associate professor of economics at Yalova University STORYLINE: STANDUP (English): BURAK AKINCI, Xinhua correspondent "I'm Burak Akinci with Xinhua News Agency. I'm now in Turkey's capital city Ankara. The U.S. Federal Reserve's consecutive rate hikes to rein in rising inflation are to deal new blows to the struggling Turkish ec

Turks queuing up to buy sunflower oil amid stockpiling, price-hike talk

STORY: Turks queuing up to buy sunflower oil amid stockpiling, price-hike talk DATELINE: March 8, 2022 LENGTH: 00:02:01 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Turkey 2. various of people walking on the street 3. various of people shopping at the supermarket in Istanbul 4. various of people shopping in the cooking oil aisle of the supermarket 5. various of a award ceremony in Istanbul, Turkey 6. SOUNDBITE 1 (Turkish): NUREDDIN NEBATI, Turkish Treasury and Finance Minister 7. various of oil stored in sunflower oil storage 8. various of people shopping at the supermarket 9. various of sunflower oil on sale at the supermarket 10. SOUNDBITE 2 (Turkish): FAZILET DEMIR, Istanbul resident 11. various of sunflower oil on sale at the supermarket 12. SOUNDBITE 3 (Turkish): Istanbul resident 13. various of sunflower oil on sale at the supermarket STORYLINE: Turkish people have been flocking to grocery stores and supermarkets across the country to buy sunflower oil for the