Turkey’s banking watchdog, Banking Regulation and Supervision Agency (BRSA) filed a criminal complaint about social media users, including opposition MPs and economists, after Treasury and Finance Minister Nureddin Nebati alleged that the fall of the Turkish Lira was a result of “speculations.” “I would expect the BRSA to act quickly. Lawsuits on the ground of
Following the Protocols signed in 2009 to normalise relations between Turkey and Armenia, Turkey took the initiative as of 2010 to implement a holistic cooperative project, which aimed at supporting regional ties in the South Caucasus through economic-commercial means reacting effects on a regional as well as global scale. This holistic project was designed to
Turkey’s President Tayyip Erdoğan unveiled new fiscal policy tools to be implemented to overcome the recent currency crisis and further boost export-led economic growth, emphasizing that “Turkey will not drift apart from the free-market economy.” “Turkey has neither the intention nor the need to take the slightest step back from the free market economy and
Turkey and Armenia named special envoys to be acted on the efforts to normalization of the mutual relations of the two countries, after Turkey’s Foreign Minister Mevlüt Çavuşoğlu’s call was received positively by Armenia. Armenia’s Foreign Ministry spokesperson announced that the Deputy Speaker of the National Assembly of the Republic of Armenia Ruben Rubinyan was
Foreign Minister Mevlüt Çavuşoğlu announced that Turkey and Armenia will appoint special representatives in a bid to normalize relations. “Soon, we (Armenia and Turkey) will mutually appoint special representatives for the normalization effort,” Çavuşoğlu said during the Foreign Ministry budget debates in the parliament on December 13. Answering the opposition IYI (Good) Party lawmaker Erhan
Istanbul court ruled philanthropist Osman Kavala’s four-year-long pre-trial detention to continue in a trial that has become a subject of diplomatic relations for Turkey. Istanbul 13th Criminal Court ruled for the continuation of the detention of Kavala on Nov. 26 in a case that has been criticized as politically motivated and being under the influence
Retired soldier Metin Gürcan, a member of the founding board of DEVA Party, announced on his social media account that he was detained on charges of “political espionage”. Gürcan shared the following message on his Twitter account in the morning: “I am being detained on charges of political espionage. The cops are in the house…
After the rapid depreciation of the Turkish Lira, the opposition parties held urgent meetings repeated their call for a common economy plan and early elections. There were minor marches in big cities of Turkey like İstanbul, Ankara, İzmir and Kocaeli where people asked government to resign. The marches faced police barriers and intervention as Istanbul’s
The economic conditions and rising living costs creates discomfort in public, opening a debate over snap elections and invigorates the call for a change by opposition parties, who have already started a sort-of election campaign. Meanwhile, the ruling Justice and Development Party (AKP) together with its Nation Alliance partner Nationalist Movement Party (MHP) strive to
Turkish Industry and Business Association (TÜSİAD) President Simone Kaslowski called for dialogue and a sincere and solution-oriented approach to tackle problems that stemmed from “mutual distrust in Turkish-American relations.” “Tackling the problems in Turkish-American relations is extremely important for the national interests of both countries. There is a need to restore relationships by a long-term