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Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies

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Mehmet Öğütçü
30 March 2023, Thursday / Published in Economy, Politics

A “new mechanism” for Kurdish oil that also burned Ankara’s hands

The final verdict by the International Court of Arbitration in Paris against Türkiye has further complicated the de facto controversial situation regarding the Kurdish oil exports since the creation in 1992 of the Kurdistan Regional Government (KRG), both in Erbil, Ankara and Baghdad. as well as for foreign oil companies operating in the region. Now,
Ankarabağdatceyhancrude oilErbilexportInternational Court of Arbitrationkurdish oiloilPipelineUSA
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Murat Yetkin
29 March 2023, Wednesday / Published in Economy, Politics

Iraqi oil case against Türkiye, pipelines and Kurdish question

First, let us try to explain why Türkiye lost an arbitration case brought by the Iraqi government in 2014, which resulted in Türkiye being ordered to pay 1.4 billion US dollars in compensation. We should add that he International Chamber of Commerce’s International court of Arbitration in Paris also found the Iraqi government guilty of
Albayrakarbitration casebağdatcrude oilenergyErdoğaniraqIraqi Kurdistan Regional GovernmentisisKRGoilpipelinesPowerTransTurkeyTürkiye
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Fatih Özatay
22 February 2023, Wednesday / Published in Economy

Economic effects of the earthquake: Devastation, reconstruction, and additional tax

  The earthquake caused great suffering. Massive loss of life, numerous injuries, destroyed homes, broken families… It is hard to comprehend that pain unless you have experienced. There was also significant economic destruction due to the earthquake. Many homes and businesses collapsed, and many more became unusable. Schools, hospitals, and other public buildings should be
earthquakeeconomyFatih ÖzataytaxTurkeyTurkish economy
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Fatih Özatay
03 February 2023, Friday / Published in Economy

Turkish opposition’s economic policy proposal: Realistic

Türkiye’s opposition alliance that is called Nation Alliance (The Table of Six) announced the Common Policies’ Consensus Text on Monday, January 30, 2023. The 244-page text composed on 9 different sections detailing the opposition alliance’s future program if they would win the upcoming election. This article will focus on the Economy, Finance, and Employment section.
economyinflationoppositionproposalTurkish economy
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Fatih Özatay
11 January 2023, Wednesday / Published in Economy

2023 scenarios for the Turkish economy: Pre-election, post-election

How will Turkey’s economy perform in 2023? It is a relatively complex question since we have been in an inexplicable period regarding economic conditions, and a critical election is to approach. Hence, it would be more appropriate to try to answer this question by dividing 2023 into two periods: before and after the election. First,
economynew economy modelpost-electionpre-electionscenariosTurkish Economy Model
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YetkinReport
27 December 2022, Tuesday / Published in Economy

Erdoğan: “Türkiye discovered new natural gas reserves”

Turkish President Recep Tayyip Erdoğan announced on December 26 that one of Türkiye’s 3 drilling ships working in Black Sea has discovered new natural gas reserve of 58 billion cubic meters worth 1 trillion dollars. “Thus, our gas reserve in the Black Sea has increased by 170 billion cubic meters and reached 710 billion cubic
natural gasPutinreservesRussiaTürkiye
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YetkinReport
04 December 2022, Sunday / Published in Economy

Türkiye’s CHP forms technocratic committee to advise the govt

Türkiye’s main opposition Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu promised to bring a technocratic supra-political committee to advise the country’s policy-making efforts, as the party introduced its economy programme in a grand event dubbed “the call for the second century.” “Türkiye needs a radical change. It needs a system that works for everyone. Such
CHPdaron acemoğlueconomyJeremy RifkinoppositionRepublican People's PartyTurkish oppositionTurkish politics
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Fatih Özatay
02 December 2022, Friday / Published in Economy

Türkiye’s New Economy Model: Please do not try it on us

In October, the foreign trade deficit of the last twelve months was $103 billion. The September 2011-February 2012 period witnessed a slightly higher deficit; the highest was $106.7 billion. In short, the record is about to come. However, there is a difference, as there was no “New Economy Model” then. Moreover, there was no argument,
Nebatinew economy modelTurkish economy
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Fatih Özatay
01 December 2022, Thursday / Published in Economy

The reason behind the calmness in the foreign exchange

The dollar exchange rate has been relatively calm for about four months (Figure 1). It comes to mind to question the reasons for the calmness and how long it will last. Calmness is, of course, a relative concept. Since the beginning of August, the currency basket (basket exchange rate), which consists of half a dollar
CBRTdebtforeign exchangepolicy rateTurkish economy
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YetkinReport
17 November 2022, Thursday / Published in Economy

Black Sea Grain Initiative to be extended 120 days

Turkish President Tayyip Erdoğan announced that the Black Sea Grain Initiative, signed by Russia and Ukraine under the auspices of the United Nations and with the facilitation of Türkiye, would be extended for 120 days as of November 19. After Ukraine’s President, Vladimir Zelenski, said that his country had come to an agreement with the
Black Seagrain deal
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  • Top election authority undermines itself and Turkish Democracy31 March 2023
  • A “new mechanism” for Kurdish oil that also burned Ankara’s hands30 March 2023
  • Anti-Semitism in Turkish Schools and Its History in Türkiye30 March 2023
  • Can the first Muslim Prime Minister of the EU be a Scottish?29 March 2023
  • Iraqi oil case against Türkiye, pipelines and Kurdish question29 March 2023
  • Kılıçdaroğlu’s “broad-front policy”; ideology and politics27 March 2023
  • Are the popular mayors precluded from being vice presidents?27 March 2023
  • Turkish elections: Presidential runners settled, MPs next24 March 2023
  • Opposition’s presidential candidate met Germany’s SPD leader in Türkiye21 March 2023
  • Erdoğan was rejected twice while opposition catches the tide21 March 2023
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