Saturday, September 30, 2023

Turkey's lira makes a comeback amid economic U-turn: Goldman Sachs - Al-Monitor: Independent, trusted coverage of the Middle East

Turkey's lira makes a comeback amid economic U-turn: Goldman Sachs Foreign investors are beginning to return to the Turkish economy after Erdogan's new government reversed the previous unorthodox policies in June. September 30, 2023 As Turkey's government is working to reverse years of unorthodox economic policy, the country’s embattled currency is now seeing FX carry-trade investors returning, according to global investment bank Goldman Sachs. More:Turkey's lira makes a comeback amid economic U-turn: Goldman Sachs - Al-Monitor: Independent, trusted coverage of the Middle East

Tuesday, September 26, 2023

Turkish lira falls to a new record low amid questionable policy | Al Mayadeen English

Turkish lira falls to a new record low amid questionable policy By Al Mayadeen English Turkey's lira has fallen to an all-time low against the US dollar, hitting 27.5155 per dollar on Tuesday before closing at 27.2176 Turkish liras per US dollar. More:Turkish lira falls to a new record low amid questionable policy | Al Mayadeen English

Erdogan says Menendez resignation from Senate committee boosts Turkey's bid to acquire F-16s

Erdogan says Menendez res­ig­nation from Senate committee boosts Turkey's bid to acquire F-16s BY ASSOCIATED PRESS ISTANBUL PUBLISHED 7:50 AM ET SEP. 26, 2023 ISTANBUL (AP) — Turkey’s chances of acquiring F-16 fighter jets from the U.S. have been boosted by Sen. Bob Menendez stepping down as chairman of the Senate Foreign Relations Committee, Turkish President Recep Tayyip Erdogan said in remarks published Tuesday. More:Erdogan says Menendez resignation from Senate committee boosts Turkey's bid to acquire F-16s

Friday, September 22, 2023

Ataturk's republic turns 100: Turkey's enduring identity crisis - Qantara.de

Ataturk's republic turns 100 Turkey's enduring identity crisis To mark the 100th anniversary of the founding of the Republic of Turkey, German journalist and Qantara.de contributor Cigdem Akyol has written a new history of what she calls "the divided republic". Marian Brehmer read the book More:Ataturk's republic turns 100: Turkey's enduring identity crisis - Qantara.de

bne IntelliNews - Turkey’s economic mess could prove too big even for assembled 'A-Team' to handle, warns veteran analyst

Turkey’s economic mess could prove too big even for assembled 'A-Team' to handle, warns veteran analyst By bne IntelIiNews September 21, 2023 The scale of Turkey’s economic mess might prove too big for the country’s newly assembled “A-team” of policy makers on the economy to overcome, a veteran analyst of Turkish markets warned on September 21. More:bne IntelliNews - Turkey’s economic mess could prove too big even for assembled 'A-Team' to handle, warns veteran analyst

Thursday, September 21, 2023

Turkey pushes interest rates up to highest level since 2003 | Euronews

Turkey pushes interest rates up to highest level since 2003 By James Thomas The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely. More:Turkey pushes interest rates up to highest level since 2003 | Euronews

Saturday, September 16, 2023

Erdogan Says Turkey Could 'Part Ways' With EU if Necessary

Erdogan Says Turkey Could 'Part Ways' With EU if Necessary By Reuters ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Saturday that Ankara could "part ways" with the European Union if necessary when asked about the contents of a European Parliament report on Turkey. More:Erdogan Says Turkey Could 'Part Ways' With EU if Necessary

Thursday, September 14, 2023

Turkey’s Erdogan Continues Revamp as Several Advisers Stand Down

Turkey’s Erdogan Continues Revamp as Several Advisers Stand Down Selcan Hacaoglu and Firat Kozok Thu, September 14, 2023 at 12:08 p.m. GMT+2·1 min read (Bloomberg) -- More than 10 senior advisers to Recep Tayyip Erdogan stepped down this week, according to people familiar with the matter, as Turkey’s president continues to revamp his administration following his re-election in May. More:Turkey’s Erdogan Continues Revamp as Several Advisers Stand Down

US imposes sanctions on Turkish companies trading with Russia

US imposes sanctions on Turkish companies trading with Russia The sanctions come as the White House hopes Turkiye will ratify Sweden's NATO bid in October News Desk SEP 14, 2023 Adewale Adeyemo, deputy U.S. Treasury secretary (Photo credit: Greg Nash/The Hill/Bloomberg via Getty Images) The US government imposed sanctions on five Turkish companies and a Turkish citizen, alleging they are helping Russia bypass US sanctions to obtain dual-use products needed for its war against Ukraine, Reuters reported on 14 September. More:US imposes sanctions on Turkish companies trading with Russia

Tuesday, September 12, 2023

World Bank provides further $18bn to Turkiye, after return to high interest rates – Middle East Monitor

World Bank provides further $18bn to Turkiye, after return to high interest rates September 12, 2023 at 7:59 am The World Bank announced last week its provision of a further $18 billion in a loan package to Turkiye, following the country’s return to economic orthodoxy. More:World Bank provides further $18bn to Turkiye, after return to high interest rates – Middle East Monitor

Saturday, September 09, 2023

Brussels, my love? Is Turkey the best mediator in the Ukraine war? | Euronews

Brussels, my love? Is Turkey the best mediator in the Ukraine war? By Méabh Mc Mahon Published on 09/09/2023 - 07:00 In this edition of Brussels, my love? we discuss the unsuccessful Sochi summit between Turkish and Russian leaders and a new plan to clean up corruption in the EU institutions. More:Brussels, my love? Is Turkey the best mediator in the Ukraine war? | Euronews

Friday, September 08, 2023

We should never have let Cyprus join the EU – POLITICO

We should never have let Cyprus join the EU The bloc should have put accession on ice and made it clear to both sides that only a united island would be allowed to join. More:We should never have let Cyprus join the EU – POLITICO

Turkish Citizenship Is a Hot Commodity - WSJ

Turkish Citizenship Is a Hot Commodity Only microstates used to offer passports to wealthy individuals in exchange for an investment, but then Turkey got into the game. More:Turkish Citizenship Is a Hot Commodity - WSJ

Thursday, September 07, 2023

Erdogan, Putin Deepen Cooperation, Putting Ankara on Collision Course With Western Allies

Erdogan, Putin Deepen Cooperation, Putting Ankara on Collision Course With Western Allies September 07, 2023 3:30 PM Dorian Jones Turkish President Recep Tayyip Erdogan and his Russian counterpart, Vladimir Putin, are pledging deeper economic cooperation as the list of international sanctions on Russia grows. Dorian Jones reports from Istanbul. More:Erdogan, Putin Deepen Cooperation, Putting Ankara on Collision Course With Western Allies

Wednesday, September 06, 2023

Will Turkey turn westward once again? | The Hill

Will Turkey turn westward once again? BY ERIC MANDEL, OPINION CONTRIBUTOR - 09/06/23 11:00 AM ET Over the 20 years since President Recep Tayyip Erdoğan took the mantle of Turkish leadership, the U.S.-Turkey relationship has been challenging. Erdoğan took his nation in a more sectarian Islamist direction, leaving behind Americans’ idealized vision of Turkey as a secular, democratic Muslim nation. More:Will Turkey turn westward once again? | The Hill

2 Killed, 12 Injured in Istanbul Torrential Rains - Other Media news - Tasnim News Agency

2 Killed, 12 Injured in Istanbul Torrential Rains September, 06, 2023 - 16:30 Other Media news TEHRAN (Tasnim) – Fierce rainstorms have lashed Turkey's largest city Istanbul, leaving at least two dead and 12 injured, the governor's office said on Wednesday. More:2 Killed, 12 Injured in Istanbul Torrential Rains - Other Media news - Tasnim News Agency

Tuesday, September 05, 2023

The Turkish state is becoming more religious – will Turks be OK with that?

The Turkish state is becoming more religious – will Turks be OK with that? Ataturk’s republic, which marks its centennial next month, has changed profoundly DAVID LEPESKA Down two games to one to Balkan rival Serbia on Sunday evening, the Turkish women’s national team surged back to win the last two games and dramatically clinch its first-ever European volleyball championship. One western news outlet called it “a rare source of national pride that holds appeal across the country’s social divides”. More:The Turkish state is becoming more religious – will Turks be OK with that?

JPMorgan ups Turkey inflation, interest rate forecasts | Reuters

JPMorgan ups Turkey inflation, interest rate forecasts Reuters September 4, 20234:12 PM GMT+2Updated a day ago LONDON, Sept 4 (Reuters) - Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the annual rate now expected to peak at 73% in May 2024, according to the Wall Street bank. More:JPMorgan ups Turkey inflation, interest rate forecasts | Reuters

Erdogan’s Putin Meeting Was More About Damage Control Than Grain - The Washington Post

Erdogan’s Putin Meeting Was More About Damage Control Than Grain Analysis by Marc Champion | Bloomberg September 5, 2023 at 12:15 a.m. EDT It’s hard to think of President Recep Tayyip Erdogan, a strongman whose bizarre ideas on economics have brought his country close to catastrophe, as a pragmatist. But that’s how to understand his foreign policy swings, and why he’s stuck in a loveless triangle with Russia and NATO.On Monday, Erdogan went to see Russia’s President Vladimir Putin in the Black Sea resort of Sochi, with much of his government in tow. He stated the obvious on his way in: “Everyone,” he said, was watching whether they could revive the grain deal that allowed Ukraine to export 33 million tons of wheat and other More:Erdogan’s Putin Meeting Was More About Damage Control Than Grain - The Washington Post

Sunday, September 03, 2023

ANF | 29 women murdered in Turkey in August

29 women murdered in Turkey in August Of the 29 women murdered in Turkey during the month of August, 21 died under suspicious circumstances. More:ANF | 29 women murdered in Turkey in August

Friday, September 01, 2023

Turkey's 2024 local elections: How to win against Erdogan's AKP? - Qantara.de

Turkey's 2024 local elections How to win against Erdogan's AKP? While Turkey's opposition has been in deadlock since losing the elections, many of its supporters are suffering from post-election stress. As Recep Tayyip Erdogan and the ruling AKP turn their attentions to the 2024 local elections, their rivals remain preoccupied with infighting. Ayse Karabat reports from Istanbul More:Turkey's 2024 local elections: How to win against Erdogan's AKP? - Qantara.de