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Could Turkish gov’t cure poverty with 1 percent of national income?
Mustafa SÖNMEZ/ Hürriyet Daily News August/10/2013 Need for social service and aids are continuing as poverty rates in Turkey are still over European Union average. The rate of social aid…Read more →
Foreign investors make money off interest revenues
Interest rate revenues are at the forefront of foreigners’ earnings, as 52 percent, or $63 billion of Turkey’s investment income has been transferred as interest revenue for the last…Read more →
What left to sell after $54 billion of privatization
MUSTAFA SÖNMEZ/Hürriyet Daily News, July/27/2013 The wave of privatization has accelerated during the AKP era. Many state economic enterprises had already been sold and new privatizations are on the agenda…Read more →
End of ‘la dolce vita’ period with foreign capital for Turkey soon
Mustafa SÖNMEZ/Hürriyet DailyNews,June/ 20/ 2013 Turkey had attracted around $400 billion of foreign money for the last decade, but foreigners have now stepped back after the FED’s decision to end…Read more →
Istanbul and surroundings lure almost three fourth of migration
MUSTAFA SÖNMEZ - Hürriyet Daily News While Istanbul has seen the lion’s share of migration over the past five years with 35 percent, this proportion rises to 72 percent…Read more →
Construction surges after public lands opened during ruling AKP rule
Mustafa SÖNMEZ Hürriyet Daily News Construction became a rising sector during the AKP’s rule and after the 2001 economic crisis. As the government paved the way for using public…Read more →
Urban population objects to ‘sale’ of Istanbul by rent seeker actors
MUSTAFA SÖNMEZ Hürriyet Daily News 30 June 2013 The governments’ rent-seeking approach to Istanbul as a commodity has triggered the anger of city residents, who think another path of transformation…Read more →