Until a few months ago, President Tayyip Erdoğan’s administration has been holding the powerful name of the United Arab Emirates (UAE), Abu Dhabi Crown Prince Mohammed bin Zayed al Nahyan, responsible for every move taken against Turkey. The feelings were mutual. The Prince, known as MBZ with his initials in international politics, also saw Erdogan
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
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
“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
President Recep Tayyip Erdoğan’s announcement that he has withdrawn 17 insult and defamation lawsuits against opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has started a new debate in politics. Claiming that the cases that were withdrawn are those that will end in his favor, Kılıçdaroğlu accused Erdoğan of carrying out a “propaganda operation” and
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.
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
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
Opposition alliance Republican People’s Party (CHP) and İYİ Party (İYİ Parti) leaders criticized the current economic state of Turkey, called out President Recep Tayyip Erdoğan to go for a snap election. “You cannot rule the country. Do not put burden on this nation. People of this country cannot handle more burden. Turkey needs to go