Animal breeders in Turkey are struggling with increased production costs amid the pandemic, worried about the lasting effects of forex-indexed prices. While increased food, electricity and gas prices threaten business beyond the traditional Eid al-Adha feast, some breeders have already gone out of business.
Turkey's Trade Ministry legalized 18 installments for touristic spending to incentivize consumers. The new legal installment limit will be applicable to travel agencies, airlines and hotels.
A recent poll has revealed that a whopping majority of 82 percent of Turkey's companies have revised their fiscal projections for 2020 because of the COVID-19 pandemic. Meanwhile, 81 percent of companies reported having developed a corporate communications strategy about the outbreak.
The Ankara Governor's Office said that businesses were only allowed to play music "to be listened to," and not "to be danced to." Meanwhile, the governor's office extended the closure of entertainment venues.
A recent study revealed June to be a premature date to start normalization efforts after Turkey returned to regular operations on June 1. The study also noted that the only way to avoid a second wave of COVID-19 infections was if the population developed immunity.
A document titled "COVID-19 normalization plan" with the presidential seal raised question marks in terms of its authenticity on social media, as the file can't be found on any official website. A number of Turkish media outlets reported that the PDF wasn't authentic and that no "normalization plan" was officially announced.
A recent report by a non-governmental fraud authority revealed Turkey to have the second highest amount of fraudulent business in Eastern Europe. With some 13 cases of fraud in the past year, Turkey lost first place to Serbia, where some 14 cases were recorded.
Turkish clothing retailer Koton promoted a parking garage employee to chairman of the board. The financially struggling company had closed down five Istanbul stores in February.
In the case in which too many rats are trapped in a confined space, their tails get tangled together after a while. The more they try and use their strength to save themselves, the knot tying them all together becomes tighter. They are unable to sacrifice even one tail to open up just a little bit of comfort space. At the end, they turn into a single creature, the “rat king.” It becomes uncertain which tail belongs to whom.
Azeri-Turkish billionaire Mübariz Mansimov Gurbanoğlu is under investigation over suspected links to the Gülen network. Gurbanoğlu is known to have struck various deals with companies owned by the family of President Erdoğan.