Turkey’s populist-driven foreign policies are coming back to bite us and Erdoğan’s government is unable to formulate solutions for the impasse they themselves created. This reality is especially urgent in Syria. Elections are coming up and one of the bigger determinants for voters is the economic and sociological costs of hosting 3.5 million Syrian refugees.
The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) convened on August 18 and lowered the policy rate by 100 basis points from 14 percent to 13 percent. This interest rate cut was a big surprise even for us who are skeptical of various ongoing incredible things in our beautiful country.
The Central Bank of the Turkish Republic (CBRT) lowered the policy rate from 14 percent to 13 percent amid surging inflation and currency crisis. The CBRT decided to lower the long been steady 14 percent policy interest rate to 13 percent after the Monetary Policy Board meeting on Aug. 18. “The Board evaluated that the
Wasn’t it the the economic crisis that forced President Tayyip Erdogan to make peace with Crown Prince Mohammed bin Salman, whom he had declared the murderer of Saudi journalist Jamal Khashoggi, who was killed in Istanbul? Wasn’t it the economic crisis that forced President Erdogan to make peace with the President of the United Arab
Turkey has not signed a new document concerning for the purchase of new S-400 missile system, a Turkish official told Reuters, after Russian official’s statement that Turkey and Russia have signed a contract for the delivery of a second regiment of the S-400s prompted rumors about a new contract. “A corresponding agreement has already been
While President Tayyip Erdoğan and Russian President Vladimir Putin were in their 4-hour meeting in Sochi, the Razoni ship carrying corn from the Ukrainian port of Odessa to the Lebanese port of Tripoli was sailing between Marmaris and Rhodes. Türkiye’s Minister of National Defense Hulusi Akar, who is the part of the coordination committee for
Turkish inflation keeps soaring as the latest data announced by the Turkish Statistical Institute (TÜİK) indicate a 79,6 percent annual rise in the Consumer Price Index and 144,6 percent rise in the Producer Price Index. The number is the highest inflation recorded in Türkiye in 24 years since 1998. According to TÜİK a change in
Türkiye has become dependent on Russia for energy with natural gas and President Tayyip Erdoğan has surrendered in every field, main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu said after Russia’s Rosatom announced that they terminate the agreement with Turkish company İçtaş Energy for the construction of Akkuyu Nuclear Power Plant in Mediterranean coast
The cargo ship carrying 26 thousand tonnes of corn left Ukraine’s port of Odesa on Aug. 1 as the first shipment within the framework of the grain export deal signed under UN auspices and Türkiye’s guarantorship. Sierra Leone-flagged Razoni left the Black Sea Port at 9:48 AM local time, Ukraine’s ministry of infrastructure announced on