Kategori arşivi: English

Turkish Central Bank suffers big credibility loss (Al Monitor, Nov. 13, 2019)

Mustafa Sönmez tarafından 14 Kasım 2019 tarihinde gönderildi

Turkey’s Central Bank has seen its credibility wane both at home and abroad after coming under full government control as a result of a series of moves by President Recep Tayyip Erdogan in the past two years. The bank could … Okumaya devam et →

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Mystery surrounds Turkey’s $40 billion refugee bill (Al Monitor, November 2, 2019)

Mustafa Sönmez tarafından 05 Kasım 2019 tarihinde gönderildi

When Turkey launched Operation Peace Spring into northeastern Syria on Oct. 9, one of the objectives cited was the creation of a safe zone to accommodate a good part of the nearly 3.7 million Syrian refugees the country hosts. President Recep Tayyip Erdogan has repeatedly asserted … Okumaya devam et →

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Why Trump’s sanctions failed to shock Turkey’s economy (al Monitor, Octobre 22, 2019)

Mustafa Sönmez tarafından 22 Ekim 2019 tarihinde gönderildi

The sanctions Washington slapped on Ankara last week over its military operation in northeastern Syria failed to produce the currency shock that President Donald Trump had hoped for, drawing on last year’s precedent. In the summer of 2018, amid a … Okumaya devam et →

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Turkish economy faces fresh turmoil over Syrian operation (Al Monitor, October 14, 2019)

Mustafa Sönmez tarafından 16 Ekim 2019 tarihinde gönderildi

Ankara’s launch of a long-expected military move into Kurdish-held areas in northeastern Syria has worsened the prospects of the already ailing Turkish economy, drawing threats of sanctions by the United States and the European Union (EU), atop the country’s currency woes and … Okumaya devam et →

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Volkswagen’s investment plan for Turkey fuels controversy (Al Monitor, October 8, 2019)

Mustafa Sönmez tarafından 09 Ekim 2019 tarihinde gönderildi

German automotive giant Volkswagen — still reeling from an emissions fraud scandal that has earned it hefty penalties and a mammoth class action lawsuit — is gearing up for a major investment in Turkey, eager to continue profiting from technology that it can no longer easily use in … Okumaya devam et →

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Turkey’s wealth fund borrows to rescue companies (Al Monitor, October 1, 2019)

Mustafa Sönmez tarafından 02 Ekim 2019 tarihinde gönderildi

ARTICLE SUMMARYHaving borrowed 1 billion euros from foreign lenders, Turkey’s controversial sovereign wealth fund has turned to rescuing troubled construction companies. REUTERS/Murad Sezer/File PhotoSarphan Finans Park (L), a project as part of the Istanbul Finance Center in the city’s new business … Okumaya devam et →

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Uptick in Turkish exports, tourism comes at a price( Al Monitor, September 25, 2019)

Mustafa Sönmez tarafından 27 Eylül 2019 tarihinde gönderildi

A notable aspect of the crisis-hit Turkish economy in recent months is the improvement in exports and tourism, which, along with increased public spending, has helped limit the second-quarter contraction to 1.5%. The uptick, however, has come at a price, with exporters and … Okumaya devam et →

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Crisis-hit Turkey suffers erosion in investments (Al-Monitor, September 8, 2019)

Mustafa Sönmez tarafından 08 Eylül 2019 tarihinde gönderildi

Turkey’s gross domestic product shrank 1.5% year-on-year in the second quarter, according to official figures released this week, with a dramatic decrease in investments standing out as a major driver of the contraction. The decline in investments — both in the private … Okumaya devam et →

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Ankara’s economic measures risk scaring off foreign banks (Al Monitor, August 27, 2019)

Mustafa Sönmez tarafından 27 Ağustos 2019 tarihinde gönderildi

Keeping the Turkish economy afloat is becoming increasingly difficult. To stop the downturn and stimulate a return to growth, Ankara has pushed the central bank to make a massive rate cut despite the still-unripe domestic and external conditions and sought to control … Okumaya devam et →

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Turkey’s social security agency withholds data as financial crisis deepens (Al Monitor, August 17,2019)

Mustafa Sönmez tarafından 17 Ağustos 2019 tarihinde gönderildi

ARTICLE SUMMARYTurkey’s social security agency has stopped releasing data on the labor force and its own financial situation, fueling suspicions that Ankara is trying to smokescreen the true impact of the country’s economic crisis. Big social security deficits have long … Okumaya devam et →

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