Economy of Northern Cyprus
Turkish and Austrian passports in 2017. Photo: EPA/LISI NIESNER
The Bar Association said in a statement that citizenship "expresses a legal and political bond and commitment to the state", and that putting a financial value upon it "has made the concept of citizenship abstract and alienated it from its essence".
Buildings in Istanbul. Photo: Pixabay/btastinkaya
According to the new regulation, rent price hikes will be limited to 25 per cent until July 2023.
"Rents can only be increased by 25 per cent. We tried to protect the rights of both tenants and landlords," Turkish Justice Minister Bekir Bozdag told reporters before the parliamentary vote on Wednesday.
The combined profit of Turkey's banks increased from 16.4 billion Turkish Liras in January-March 2021 to 63.2 billion liras in the first quarter of this year, the Banking Regulation and Supervision Agency (BDDK) has said.
That corresponded to a whooping 295 percent increase in the industry's profit on an annual basis.