Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies
Turkey’s ties with the United States and European Union have been deteriorating in recent years, but there’s one major Western power with whom its relations have been deepening: the United Kingdom – such that many interpret the close bilateral ties as a new strategic partnership.[1] Perhaps that’s why, in the wake of last month’s Cyprus
President Recep Tayyip Erdoğan announced May 17 financial support to small enterprises and tradesmen ahead of the “normalization” process that will start from June 1Erdoğan said following a cabinet meeting that 235 thousand enterprises, which he defined as the first group, will be given 5 thousand Turkish Liras (roughly $600) of grant for one time.In
As we are approaching the second half of 2021, two main themes are standing out to shape the global economy going forward: The speed of vaccinations/path to herd immunity and inflation concerns. Countries, such as the United States, U.K. and Israel will have vaccinated 75% of their populations during the summer months and will probably
In the last days of April, two important developments took place in the Turkish defense industry. First, on April 22, Akıncı drone, which is being developed by Baykar Savunma fired precision-guided munitions for the first time. The prototype aircraft, designated PT-3, achieved accurate hits by three different types of guided bombs, MAM-C, MAM-L and MAM-T,
As the pandemic hits with the third wave, the scientists exploit the year-long data to dig deeper into the pandemic and learn its dynamics. While Turkey displayed a relatively succesful performance at the early stages of the pandemic, it is one of the countries with the largest number of daily infections at the moment. Daily
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) chair Rifat Hisarcıklıoğlu posted a Twitter message on April 15 in a rare opposition to a government decision despite his support for the government.“Problems of our companies have increased due to the pandemic. First of all, Shorter Employment Allowance needs to be restored,” said the
The debate that was launched after 104 retired admirals made a statement for the stay of the 1936 Montereux Convention on sovereign rights of the straits, has faded with the release of 10 detained former military men. Had Russian President Vladimir Putin’s warning to President Tayyip Erdoğan “not to violate Montreux” any part in this?
Ankara was happy with a good meeting with Libyan Prime Minister Abdul Hamid Mohammed Dbeibeh but the bad news came from Russia. The first thing that Libya would remind Turkish citizens nowadays might be President Tayyip Erdoğan’s 150,000 doses of vaccine to the North African country at a time when the daily new Covid-19 cases
The Turkish economy management is looking for ways to end big losses of the lira against the USD as the Istanbul stock exchange management halted operations for two times. The losses came after Presidenü Recep Tayyip Erdoğan replaced Central Bank governor Naci Ağbal with Şahap Kavcıoğlu in theearly hours of March 20. With the opening
The rumors that Turkey would withdraw from the Istanbul Convention against violence against women intensified late on March 19. Journalists worked until midnight but could get no answers to their questions, a sign that something bad was going on.The presidential decree on the Offical Gazette after midnight confirmed the rumors.But the leaked information did not