Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies
Turkish tourism businesses, an industry that generated around $34.5 billion in 2019, have already lost hopes for an even better year due to the coronavirus outbreak, with the clerks at tour operators’ offices struggling to respond to calls for cancelations, not new bookings. Tourism Minister Mehmet Nuri Ersoy said at a joint meeting with his
“[…] hell itself breathes out contagion to this world” Hamlet We are withstanding hard times that resemble Shakespeare’s description above. The new coronavirus has finally reached Turkey. The time that it will take to contain the virus will primarily depend on the effectiveness of the health services, accuracy of policy decisions and the prudence of
Now its officially in Turkey, too, after 114 countries in the World. Turkish Health Minister Fahrettin Koca said in early hours of March 11 that the first Turkish patient, a male, had been disinfected during a travel to Europe, not to China. Perhaps it will be too speculative to question a link between the year
Only a mere 21.7 percent of the Turkish population is satisfied with their living standards, according to recent survey by MetroPOLL, which also highlighted a correlation between satisfaction and political choices. Responds to the survey’s key question, “Are you satisfied with your life standard?”, vastly varied among voters of different political parties, with some 41
Murat Yetkin President Tayyip Erdoğan is scheduled to discuss the Syria and Idlib crisis with Russian President Vladimir Putin on 5 March in Moscow. Before this contact, there is more news that the forces affiliated with the Bashar Assad regime were attacking Turkish troops around Idlib, and that a U.S. delegation including the U.N. Permanent
Selva Demiralp Turkish growth figures that were released on Feb. 28 indicate that the fourth quarter growth was 6 percent while the annual growth rate for 2019 as a whole was 0.9 percent. When we take a look at the components of growth, we note that the driving forces were consumption and public spending. The
On Feb. 12 President Tayyip Erdoğan was addressing his Justice and Ddevelopment Party (AKP) group in the Parliament. He was accusing Kemal Kılıçdaroğlu, the leader of the center-left opposition Republican People’s Party (CHP) of having secret links with the U.S.-resident Islamist preacher Fethullah Gülen who has been indicted to mastermind the 2016 military coup attempt.
In the current economic, political and societal climate, we have to consider the possibility that Turkish President Tayyip Erdoğan’s ruling Justice and Development Party (AKP) might enter a period of implosion, without being able to carry its own weight any longer. The Elazığ earthquake, which took place on January 24, had a death toll of
It’s only a coincidence that German Chancellor Angela Merkel’s meeting with Turkish President Tayyip Erdoğan in Istanbul on January 24 is taking place a day after Queen Elizabeth II’s ratification of Brexit, the UK’s exit from the European Union (EU); not a loss that can be ignored. Planning for Merkel’s visit to Turkey has started
The worker rally with the broadest turnout that Turkey witnessed in the last couple of years took place on January 19 in Bursa, the hub of the Turkish automotive sector. During their collective bargaining, the “Türk Metal” Union which comprises some 130 thousand metal workers as a part of the labour unions federation of “Türk-İş”,