Turkish Industry and Business Association TUSIAD were known for its political-social messages to governments in the past. It was not possible to separate the economy from the law, politics, and foreign policy. However, President Tayyip Erdoğan began to perceive these messages as a threat to his power even when he was the prime minister. After
At first glance, it seems that the row over bureaucracy started with a Twitter video message by Kemal Kılıçdaroğlu, the leader of the Turkish main opposition Republican People’s Party (CHP). He called on bureaucrats on October 16, with a slightly threatening tone that from October 18, Monday on they should not sign the “illegal requests”
As of the early morning of October 14, the dollar rate has exceeded 9.10 liras following recent dismissals and new appointments at the Turkish Central Bank (CBRT). There have been ongoing exciting discussions on the exchange rate, such as the argument that the CBRT’s one-point interest rate cut on September 23 has not affected the
The attention Pandora Papers received since early October demonstrates the rising international sensibility towards corruption. Biden’s speech at the NATO summit in June where he called member states to act against corruption, thereby moving the issue from the realm of law to the realm of politics and international security, had also marked the beginning of
The postures and looks in the photograph taken during President Tayyip Erdoğan’s meeting with the Turkish Central Bank (CBRT) Governor Şahap Kavcıoğlu on the evening of October 13, actually sum up the situation. Following that meeting Erdoğan dismissed three policymakers of the CBRT which was followed by a further depreciation of the Turkish lira; 1
President Recep Tayyip Erdoğan dismissed two deputies of the Governor of the Turkish Central Bank (CBRT) and a member of the Monetary Policy Committee (PPK) on October 14. It was made public with a Presidential Decree published in the Official Gazette after Erdoğan met with Central Bank Governor Şahap Kavcıoğlu in the evening hours, October
Turkey is becoming a country targeted by politicians who have domestic concerns like winning an election. For Western leaders who do not want to mess with China or Russia, President Tayyip Erdoğan’s Turkey is portrayed as “the other”, or the “enemy of choice”. Erdoğan and his narrow circle may regard this as proof of their
Due to climate change, Springs are getting shorter while summers and winters are extending. It seems that Turkish-Greek relations are also affected by global warming. The warm climate which came after a painful year will not last long. Following the end of summer, as a result of NAVTEXES issued by both parties, the harsh rhetoric
Different inflation values are flying around in Turkey. If you look at the consumer price index of the Turkish Statistical Institute (Turkstat), which should be of interest to the average citizen, annual inflation is 19.6 percent. Yet, a growing number of citizens think that inflation is much higher, mainly because of increasing prices. There is