Some 300 Turkish local newspapers and printers shut down due to rising paper costs - Sözcü

Around 300 local newspapers and printing houses have shut down in Turkey due to increases in the price of paper as a result the fall in the value of the lira against the dollar this year, Sözcü newspaper reported on Friday.

Turkey has become dependant on imports of paper, as local printing houses do not make enough to meet domestic demand. The lira has fallen some 40 percent this year due to fears of an economic crisis fuelled by high levels of company debt, inflation and unemployment.

İlhami Özcan Aygun, a member of parliament from the leftist main opposition Republican People’s Party (CHP), demanded a parliamentary inquiry to examine the price of paper, Sözcü said.

Last month, Turkey’s 98-year-old Official Gazette, in which new laws and regulations are published, announced it would be available online only.

Rising printing costs also pushed the newspaper Habertürk to go digital only in July, while other nationwide newspapers and magazines reduced their number of pages and laid off staff.