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Is the worst behind in Turkey’s economic turmoil? (Al Monitor, Jan.4, 2021)

• 5 Ocak 2021
• English, Makale

The embattled Turkish lira has relatively recovered and some foreign short-term investors have returned to Turkey since early November, when Ankara replaced two key economy officials — the central bank governor…Read more →

Mountain of debt growing under the rug in Turkey(al Monitor, Dec. 26, 2020)

• 5 Ocak 2021
• English, Makale

The Turkish government’s monetary expansion policies, used as a quick fix to prevent major economic contractions, have resulted in an extraordinary consumer and corporate debt that poses further dilemmas for…Read more →

Critics say Turkey’s unfinished nuclear plant already redundant(Al Monitor, Dec. 15, 2020)

• 26 Aralık 2020
• English, Makale

Turkey’s ruling Justice and Development Party (AKP), in power for 18 years, is under increasing fire for poorly planned, prodigal investments whose long-term financial fallout is coming into sharper relief…Read more →

Cash-strapped Turkey relies on Qatari investments (Al Monitor, Dec. 2 2020)

• 7 Aralık 2020
• English, Makale

crambling to draw foreign investors to ease Turkey’s hard currency crunch, President Recep Tayyip Erdogan’s government has once again turned to its closest ally, Qatar. The two sides announced a…Read more →

Turkey’s landmark rate hike augurs economic contraction (Al Monitor, Nov.20, 2020)

• 25 Kasım 2020
• English, Makale

Turkey’s Central Bank announced the biggest hike in interest rates in more than two years Thursday. President Recep Tayyip Erdogan, who has bitterly opposed raising rates, is scrambling to restore foreign investor confidence…Read more →

Erdogan’s change of economy team signals snap election plan (Al Monitor, Nov.13, 2020)

• 14 Kasım 2020
• English, Makale

The stunning replacements of Turkey’s central bank governor and the treasury and finance minister send a strong signal that President Recep Tayyip Erdogan, alarmed over snowballing economic woes, could risk…Read more →

Turkey’s business leaders keep quiet as economic crisis deepens (Al Monitor, Nov.5, 2020)

• 13 Kasım 2020
• English, Makale

Turkey’s economic turmoil is worsening amid a fresh bout of currency depreciation, but a deafening silence reigns over the country’s leading business groups as few seem to have the courage…Read more →

Erdogan’s boycott call against France more grandstanding than economic threat(Al Monitor, October 29, 2020)

• 1 Kasım 2020
• English, Makale

Amid a simmering row with his French counterpart, Turkish President Recep Tayyip Erdogan has urged the nation to boycott French goods, but few are likely to heed his appeal as…Read more →

Turkey’s gold rush whets appetite of gold-mining companies (Al Monitor, October 26, 2020)

• 1 Kasım 2020
• English, Makale

The economic uncertainties sparked by the COVID-19 pandemic have led to the global rise of gold as a financial safe haven. In Turkey, where the demand for gold has been…Read more →

Turkish boozers resist alcohol restrictions — sometimes at deadly risk (Al Monitor, October 19, 2020)

• 20 Ekim 2020
• English, Makale

A fresh wave of deaths from spirits has swept through Turkey amid skyrocketing liquor prices, courtesy of exorbitant taxes levied by the government, coupled with new restrictions to curb the…Read more →

Turkey eyes economic gains in backing Azerbaijan against Armenia (Al Monitor,Oct.8, 2020)

• 9 Ekim 2020
• English, Makale

Turkey has openly thrown its weight behind Azerbaijan in the Azeri-Armenian flare-up over the long-disputed enclave of Nagorno-Karabakh, in what is widely believed to be an attempt to extract concessions…Read more →

How much damage can Arab states do to Turkish economy?(Al Monitor, Oct. 2, 2020)

• 3 Ekim 2020
• English, Makale

Turkey’s ailing economy, hit by the COVID-19 pandemic atop severe currency woes since 2018, is now facing economic reprisals by Arab countries incensed with Ankara’s policies in the Middle East.…Read more →

How Turkey’s ‘zombie’ companies keep afloat ( Al Monitor, Sept. 26, 2020)

• 3 Ekim 2020
• English, Makale

Poor gradings from international credit rating agencies such as Moody’s and Fitch have relegated the Turkish economy to the underdeveloped league as Ankara grapples with long-running economic woes, exacerbated by…Read more →

Turkey pumps brakes on car imports (Al Monitor, Sept. 8, 2020)

• 20 Eylül 2020
• English, Makale

The Turkish government has enacted drastic tax measures to curb car imports as it scrambles to ease a foreign exchange crunch. The move aims to encourage the sale of locally…Read more →

Turkey’s ‘city hospitals’ threaten a financial black hole (Al Monitor, Aug..31, 2020

• 3 Eylül 2020
• English, Makale

Turkey’s so-called city hospitals — sprawling medical complexes that President Recep Tayyip Erdogan has touted as a “dream” project — have come to produce such colossal bills for taxpayers that…Read more →