Greece has always endeavored to bring its bilateral issues with Turkey to the agenda of the EU from day one. The fact that Greece has been successful in its efforts to a great extent, especially recently, should come as no surprise. In any international Organization, if one of its members insists on drafting suggestions on
“Interest day: Will the Central Bank make a new mistake?” This was the title of my article (in Turkish), which was published just before the decision of the Monetary Policy Committee (MPC) meeting on October 21. “I hope the policy rate will not be lowered. In that case, it will not be favorable for the
While all parties involved expect the Turkish Armed Forces to carry out another military operation in Syria, the cost of the deepening crisis in Syria is increasing every single day. With no end in sight, a UN estimate that it would take at least 30 years for per capita income to reach pre-war levels if
At least 36 civilians were killed and 200 people were injured following a suicide attack on a Shiite Mosque during Friday prayers on Oct. 15 in Kandahar, Afghanistan’s second-largest city and the Taliban’s birthplace. The day before, a high-level Taliban delegation had arrived in Turkey via a commercial Qatar Airways flight and had already spoken
People who are not Iran watchers often get confused when Iranian soldiers are mentioned. In Iran, there are two armies. The first one is the “conventional” one, the Artesh. There is also Sepah Pasdaran, or the Revolutionary Guards (IRGC). It was established by Ayatollah Ruhollah Khomeini, who did not trust the army from the time
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