English

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 →

Family silver next in line in Turkey’s debt crunch (Al-Monitor, Aug. 24, 2020

• 3 Eylül 2020
• English, Makale

The fresh currency turbulence in Turkey saw the price of the US dollar rise about 11% in two weeks earlier this month. But rather than hiking interest rates against the…Read more →

Economic policy reversal fraught with political risks for Erdogan (August 14 ,2020)

• 16 Ağustos 2020
• English, Makale

Unrelenting inflation and the uncontrollable slump of the Turkish lira have forced Ankara to start cooling the economy, only two months after it spurred a loan bonanza to revive consumer…Read more →

Currency tumult hits Turkey’s credit-driven revival (Al Monitor, August 10, 2020)

• 16 Ağustos 2020
• English, Makale

Pumped with cheap and abundant credit since early June, Turkey’s economy has warmed up after a pandemic-ravaged second quarter in which it is estimated to have shrunk more than 10%.…Read more →

Can Erdogan push for his ‘crazy project’ amid economic crisis?(Al Monitor, July 22, 2020)

• 23 Temmuz 2020
• English, Makale

Even though no tender date has been set for the construction of Turkey’s controversial Canal Istanbul, a project touted as "crazy" by Turkish President Recep Tayyip Erdogan in 2011, the…Read more →

Is it 12% or 52%? Turks disagree on jobless rate (Al Monitor, July 16, 2020)

• 19 Temmuz 2020
• English, Makale

The coronavirus pandemic has fueled unemployment across the world and Turkey, whose economy was already ailing, is not an exception. But when it comes to measurement, the figures vary, though…Read more →

Turkey’s ‘peg-legged’ foreign currency reserves (Al Monitor, July 10, 2020)

• 10 Temmuz 2020
• English, Makale

The US dollar stockpiles of countries have taken on a new importance amid the global economic turmoil caused by the COVID-19 pandemic. The turmoil has forced countries to review how…Read more →

Is Turkey’s wealth fund becoming a crisis shelter? (Al Monitor, June 22, 2020)

• 23 Haziran 2020
• English, Makale

Turkey’s sovereign wealth fund has gained control of the country’s biggest mobile phone operator, Turkcell, in its largest acquisition since its controversial creation in 2016, raising anticipation of more takeovers…Read more →

Turkey’s economic turmoil imposing early polls on Erdogan (Al-Monitor, June 15 2020)

• 18 Haziran 2020
• English, Makale

Turkey’s economic woes, compounded by the coronavirus pandemic, are increasingly forcing President Recep Tayyip Erdogan to consider early elections, leaving him stuck between pressure to reassert his leadership and fear…Read more →

Turkish soccer gears up for return, haunted by financial woes (Al Monitor, June 10 2020)

• 13 Haziran 2020
• English, Makale

Top-tier clubs in soccer-crazy Turkey are set to return to action June 12 after a three-month pause over COVID-19, but the country’s soccer industry is facing a bleak future as…Read more →

Turkey’s megaprojects threaten ‘mega’ financial havoc (Al Monitor, June 1, 2020)

• 2 Haziran 2020
• English, Makale

Turkey’s “megaprojects” — a slew of multibillion-dollar infrastructure investments that Ankara has showcased as a hallmark of its economic success — are increasingly turning into a financial quagmire under the combined impact…Read more →

COVID-19 ravages Turkey’s vital clothing, textile industry (Al Monitor, May 20, 2020)

• 22 Mayıs 2020
• English, Makale

Turkey’s clothing and textile industry — the most crucial branch of the country’s economy in terms of production, exports and employment — has emerged as the worst-hit industrial sector in the coronavirus pandemic,…Read more →

Why is Turkey prioritizing shopping malls in reopening plan? (Al Monitor, May 8, 2020)

• 17 Mayıs 2020
• English, Makale

The Turkish government’s plan for a May-June transition to a “new normal” in the COVID-19 pandemic has come under fire for prioritizing the reopening of shopping malls amid concerns over…Read more →

Low projections dim Ankara’s high hopes for tourism recovery (Al Monitor, 1 Mayıs 2020)

• 4 Mayıs 2020
• English, Makale

Turkey’s government is drawing up plans to reopen the pandemic-hit tourism sector, a vital source of hard-currency revenues for the ailing economy, but “new normal” formulas for travel and accommodation could…Read more →