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President Tayyip Erdoğan addressed the ruling Justice and Development Party (AKP) members on November 23, as the currency crisis hit Turkey like a storm. The more Erdogan spoke, the more the Turkish Lira depreciated against the US dollar, Euro, British Pound and Gold. At the minute I wrote this line, 1 US Dollar worth 13
“There is no Economic War of Independence. They are trying to deceive people who are left with dry bread in their hands as if they are defending their homeland,” Ali Babacan, the leader of DEVA Party, posted on the party’s Twitter account on November 23. His words came just after President Tayyip Erdoğan declared “Economic War
Turkey’s economic and foreign policy problems are increasing by the lack of trust in the government of President Tayyip Erdoğan. There are a few examples that immediately come to mind. First, Turkey’s Business and Industrialists Association TÜSİAD President Simone Kaslowski met with economic and political circles in the USA last week and talked about Turkey.
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
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
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
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
Kemal Kılıçdaroğlu, the leader of the Turkish center-left main opposition Republican People’s Party (CHP), posted a home-made video on the evening of 7 November. It was to announce what they will do for women’s rights if they remove President Tayyip Erdoğan from power. In the 6-minutes video, Kılıçdaroğlu listed what the gains of women in
“What will happen to the AKP after Erdoğan? The question has started to be asked by foreign political observers and investors watching Turkey mainly because of two reasons.One of these two reasons is the chronic loss of votes of Erdoğan’s Justice and Development Party (AKP) and its “People Alliance” partner, the Nationalist Movement Party (MHP).