May 9 was Europe Day. And the European Union (EU) celebrated it in what must be the most scattered, shaken circumstances since its foundation. With the formalization of Brexit, the Union had begun 2020 with heavy blows both politically and economically. The EU had frozen all political dialogue with Turkey due to the military operations
The restrictions implemented to fight with Covid-19 and its virus are slowly being eased. There will be many changes we will need to adopt to in this new world waiting for us. I want to discuss here the return of foreign investment to Turkey, because I believe some of the economic policy decisions taken to
Although not all have been announced to the public yet, the normalization schedule for June on (and late May) the coronavirus measures are more or less clear. That is, of course, if no extraordinary developments follow.Health Minister Fahrettin Koca had said that before May 28 that the coronavirus Covid-19 pandemic would still be at high
In Turkey and elsewhere we hear it often these days ‘native and national’. (*) In primary school, I remember we had ‘national products week.’ We still do. There is always a tendency to think we can resolve global issues by local means. Turkey has become a more integral part of global markets, especially since the
In statements they issued on May 9 and 10, representatives of non-Muslim communities in Turkey expressed their worries about potential racist attacks, asking the Turkish government to take the necessary measures to protect them. The common denominator between the statements that the Turkish Jewish Community, the Greek Orthodox Patriarchate and the Armenian Patriarchate was a
Emerging markets’ currencies depreciate rapidly during times of crisis. This is because the risk appetite declines during crisis and emerging markets experience capital outflows. Those with macroeconomic imbalances are affected the most.Because Turkey was far from achieving price stability when COVID-19 crisis hit, it is experiencing more problems on the currency front. The rate cuts
Climate change due to global warming causes different effects in many areas of life. Climate change causes not only microbe-generated outbreaks that threaten human health. They also cause other negative processes that affect the fitness of species that are components of biodiversity. These observations do not need to be spread over many years anymore. Negative
When I started compiling information to write this article, 1 US dollar was 7.24 Turkish lira level. As I was writing these lines, the dollar had increased to the level of 7.25 liras. When Treasury and Finance Minister Berat Albayrak was brought to office by President Tayyip Erdogan, who is also his father-in-law, on June
President Tayyip Erdogan gets angry and fuming whenever someone criticizes his unique “Presidential Government System”, of being a one-man rule.But let’s take a look at a news pieces from May 6.Here is one of them: Protective mask selling prices will be submitted to Erdoğan for approval. Until a few days ago, Erdoğan had been stressing
From the cabinet meeting on May 4, President Tayyip Erdoğan made statements that could be considered as a turning point in the fight against the Covid-19 outbreak. Firstly, he said that the “Normalization Plan” will be spread out to the months of May, June, and July; not all at once. He expressed that if the