Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

After the collapse of the lira .. Turkey raises electricity prices 14% DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

After the collapse of the lira .. Turkey raises electricity prices 14%

Post new topic   Reply to topic

Go down

After the collapse of the lira .. Turkey raises electricity prices 14% Empty After the collapse of the lira .. Turkey raises electricity prices 14%

Post by RamblerNash Sun Sep 02, 2018 1:06 pm

After the collapse of the lira .. Turkey raises electricity prices 14%

After the collapse of the lira .. Turkey raises electricity prices 14% Image

01-09-2018 08:44 PM

The Euphrates -

According to figures published in the Official Gazette in Turkey, electricity services will raise prices by 14% for industrial use and 9% for domestic use as of September 1st, Reuters reported.

The price increase will exacerbate inflation, which has already hit the double digits, highlighting other dimensions of the ongoing Turkish currency crisis.

The Turkish lira has fallen about 42 percent this year, hurting energy companies. Turkey relies almost entirely on imports to meet its energy needs.

Turkey has lowered the level of the levy on bank deposits in local currency, which is more than one year in excess of zero, while raising the level of the tax on foreign currency deposits with a maturity of one year.

According to the Official Gazette, # the one-year holding tax on deposits has been reduced to 3% from 12% and the 6-month deposit tax has been reduced to 5% from 15%.

The tax on foreign-currency deposits, which are up to one year, has been raised to 16 percent instead of 15 percent. The newspaper said the change would be valid for three months.

http://www.alforat.info/index.php?page=article&id=60307
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24021
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You can reply to topics in this forum