Turkey

Drone sales could dampen Turkey’s African venture

Turkey has made major economic and diplomatic strides in Africa since the early 2000s, but growing military sales to African countries raise the specter of a risky shift. Dozens of top African officials, including 12 presidents, two vice presidents, two premiers and 26 foreign ministers, flocked to Istanbul last week …

Read More »

Edward Lucas: Helsingi, mitte Jalta

Ağustos ayında hükümetin 2022 baharında erken seçim hazırlığında olduğunu ifade etmiştim. Okuyuculardan da birçok uzmandan da 2022 Kasım ayından önce seçim olmayacağı tepkisi gelmişti. Bu tepkinin en temel nedeni ise o dönem üzerinde konuşulan Seçim Kanunu’nda değişiklik yapılması meselesiydi. Değişiklik yapıldıktan bir yıl sonrasına kadar yapılan değişiklikler uygulanamayacağı için Kasım …

Read More »

Turkish lira sinks further with Erdogan’s latest rate cut

Ankara’s controversial economic policy coupled with external forces portend a continuing deprecation of the Turkish lira that will only worsen inflation and other economic parameters. Turkey’s Central Bank lowered its policy rate by 100 basis points to 14% Thursday, delivering a fourth cut in as many months in line with …

Read More »

‘Frozen Lake’ of Turkish Politics is Starting to Crack

Under pressure from economic crisis, the rigid political status quo in Turkey is shifting – and the once frustrated opposition scents an opportunity. Turkey’s political landscape used to be likened to a frozen scene from the Ice Age. Across the political spectrum, voting behaviour seemed locked in a status quo …

Read More »

Egypt Calls for Federation in Cyprus, Rejecting Turkish-backed 2-State Solution

Egyptian Foreign Minister Sameh Shoukry on Tuesday said a solution to the dispute in ethnically divided Cyprus must follow the UN-endorsed road map for reunification of the island in a federal framework, and be based on international law rather than promoting “aggressive activities or expansionist tendencies.” His remarks, seen as …

Read More »

Turkish lira tumbles ahead of key decision on rate cuts, wages

As Turkey’s battered lira pushes to new lows against the dollar, all eyes turn to Thursday’s central bank meeting and critical talks on the minimum wage. Turks woke Monday to watch their currency plunge to 14 against the dollar early in the morning, then go past it to 14.62 until …

Read More »

Qatar’s presence in eastern Mediterranean benefits Egypt, Turkey

Qatar is enhancing its presence in the eastern Mediterranean that is rich in oil and gas reserves at a time when tensions are ripping through the region over the maritime borders and excavation rights. Qatar has strengthened its presence in the eastern Mediterranean, which is rich in oil and gas …

Read More »

Poverty, Economic Turmoil Shaking Erdoğan’s Throne

Erdoğan’s biggest political rival ahead of the 2023 presidential elections seems to be — poverty. The first decade of Erdoğan’s rule actually brought relative prosperity to Turks. Per capita GDP rose sharply from $3,688 in 2002 to $11,796 in 2012… Since 2013, however, reckless nepotism, increasing authoritarianism, corruption and economic …

Read More »

Turkey targets PKK-linked Yazidis inside Iraq

A local Yazidi armed group linked to the Kurdistan Workers Party and affiliated with the government-incorporated Popular Mobilization Units has been targeted as part of stepped-up Turkish cross-border operations. Turkey has targeted members of a local Yazidi armed group linked to the Kurdistan Workers Party (PKK) in northern Iraq and …

Read More »

Turkey’s Erdogan Embattled on Economic and Political Fronts

Turkey’s President Recep Tayyip Erdogan is pressed by a collapsing national currency, falling domestic popularity, and regional competition. Erdogan’s fiscal policies have arguably worsened the domestic economic situation Opponents of Erdogan might defeat him in the next election, particularly if Turkey’s economic problems continue to linger and potentially worsen. Turkey’s …

Read More »