German Foreign Minister Heiko Maas discussed the escalating tension in Cyprus and the Eastern Mediterranean first with his Greek counterpart, Nikos Dendios, in Athens, and then with Turkish Foreign Minister Mevlüt Çavuşoğlu in Ankara on 25 August. Maas will share his impression from these meetings at the European Union (EU) Foreign Ministers Meeting in Berlin
Columnist Uğur Gürses discusses Fitch Ratings’ recent move to revise Turkey’s outlook to negative, within the framework of responses by Nurettin Canikli, the ruling Justice and Development Party lawmaker. “It was known that Fitch would be lowering Turkey’s outlook to negative on August 19 when President Erdoğan said he would be giving good news on August
While watching President Tayyip Erdoğan announcing at a ceremony the natural gas discovery in the Black Sea, I also had the impression that we are witnessing the ceremony for the announcement of a successor to him. Of course, neither Erdoğan is the sultan nor his son-in-law and Treasury and Finance Berat Albayrak is the crown
Summer is usually a time of rest and recreation. It is also a period which diplomats dread the most. When you look back in history, most wars and conflicts have started in August. Thus, the spat in the Eastern Mediterranean with Turkish and Greek warships sailing close to each other in disputed areas has caused
Turkish President Tayyip Erdoğan announced on Aug. 21 the country’s largest-ever natural gas reserve discovery. Drilling ship Fatih found a natural gas reserve of 320 billion cubic meters in the “Tuna-1” field, close to the exclusive economic zone borders of Romania and Bulgaria, about 175 km northwest off the Turkish coastal town of Karadeniz Ereğli.
Journalists asked Joe Biden, the Democratic presidential candidate to challenge Donald Trump on Nov. 3, about Turkey. Below is briefly what he said:– We must support the leaders of the opposition against Erdoğan. We can embolden them to be able to take on and defeat Erdoğan. Not by a coup, but by the electoral process.–
Turkey is the principal actor in the Eastern Mediterranean as it holds the longest coastline in the whole Mediterranean Sea and therefore the gateway to the Black Sea, Russia and the north. Its counterpart is not Greece, but Egypt, which holds the gateway to the Red Sea and the Indian Ocean.Failing to overcome Italy, its
The photo above published yesterday by the Turkish Defense Ministry shows Oruç Reis, the Turkish oil and gas search vehicle, sailing at waters off the southwest of the Cyprus Island, an area declared as an Exclusive Economic Zone (EEZ), both Turkey and Greece.It is accompanied by five Turkish warships.The ships from Turkey’s Med Sea port
Following the exchange rate crisis in August 2018, Turkey is shaken by yet another exchange rate shock. How did we get here, and why? Economists have been discussing these questions for a long while. As we look at the big picture, we could see the widening gap between what should be done and what was