President Recep Tayyip Erdoğan reiterated his long stance against interest rates on Nov. 17. The following day, Central Bank Monetary Policy Board lowered the interest rate 100 basis points to 15. Turkish Lira further depreciated against foreign currencies like US Dollar and Euro, as 1 Dollar is worth 11,5 TL, while 1 Euro is 12,5
Opposition alliance Republican People’s Party (CHP) and İYİ Party (İYİ Parti) leaders criticized the current economic state of Turkey, called out President Recep Tayyip Erdoğan to go for a snap election. “You cannot rule the country. Do not put burden on this nation. People of this country cannot handle more burden. Turkey needs to go
The other day I visited my old father, who had had a surgical operation on a bone fracture a while ago and stopped listening to the news bulletins since then. He says his indifference towards the news reports is temporary when asked. Out of the blue, “What is the value of the dollar recently?” asked.
It is possible to say that main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu aimed to kill three birds with one stone, not two, with his visit to The Union of Chambers and Commodity Exchanges of Turkey (TOBB) President Rifat Hisarcıklıoğlu on November 15. First of all, it is an effort to express that
Frayed relations between United Arab Emirates (UAE) and Turkey are on a way to be rebuilt after years of rivalry, as Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, plans to visit Turkey for the first time in years. There is no official statement yet, but known for his hostile attitude against Turkey, El
Turkish Aerospace (TA) General Manager Temel Kotil made critical statements about the company and its projects on the CNN Turk channel on November 10, 2021. Kotil gave important information about many projects conducted by TA, “National Combat Aircraft (Milli Muharip Uçak – MMU)”. MMU is an ambitious project that has come to the public agenda
The presidential candidate of the government block in the upcoming Turkish elections is the incumbent Tayyip Erdoğan. The opposition candidate is still unknown. It is not a burning issue for now but may become more worrying as the elections scheduled for June 2023 gets closer. The leaders of the Nation Alliance, Kemal Kılıçdaroğlu of the
Political parties in Turkey will appeal to GenZ using social media tools as the young population who will vote for the first time in upcoming elections are expected to have a say in results. In latest, the main opposition Republican People’s Party (CHP) party leader Kemal Kılıçdaroğlu answered questions of the followers of young social
Turkish lira depreciated at a record low level against the USD on November 11: hitting 9.91 liras against 1 dollar. After the Labor Department announced that US inflation rates hit 30 years high with 6.2, the currencies of emerging economies with high foreign debt depreciated against the USD.“The US inflation data boosted the dollar as
November 10 marks the 83rd year of the passing of Mustafa Kemal Atatürk, the founder of the Turkish Republic. Probably nobody could have anticipated that Atatürk and the fundamental principles of the republic that he founded would be rediscovered by the majority of the Turkish people as the country is heading towards its centennial in