Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies
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”,
The sanctions signed by U.S. President Donald Trump on October 14 concerns Turkish Minister of National Defense Hulusi Akar, Minister of Interior Süleyman Soylu, Minister of Energy Fatih Dönmez, as well as the ministries of Defense and Energy. Furthermore, he has raised the customs tariff on the purchase of steel from Turkey to 50 per
Turkish and American soldiers have finally begun their joint patrol on the Syrian side of the border as of September 8, 2019, but according to President Tayyip Erdoğan, this was far from being sufficient. On the same day in the eastern city of Malatya, where a major U.S./NATO radar is based, he stated that “Our
Turkish President Recep Tayyip Erdoğan’s biggest problem ahead of the key March 31 local elections is economic difficulties which occupied the first two ranks of a survey revealed on Jan 30 in Istanbul, hurting people more than terrorism after a number of years. According to the annual “social-political tendencies research” of the Center for Turkish