The Ukraine war is permanently changing global security infrastructure. The most obvious change is the awakening of the “sleeping giant,” Germany. After the Second World War, Germany transferred defense spending to industry and therefore turned into an economic giant. Now it is moving to a new security-oriented policy. The Germans use the expression “zeitenwende” to...
The CAD is big and its financing is bad!
To what extent does the misery index influence voters’ choices?
AI and beyond
Budget deficit risk of around 7% of GDP
Tourism revenues rise higher than the number of tourists
Need for anchor
Patents with technological advances in the automotive ecosystem
Let’s estimate FX rates…
Inflation soared while the policy rate was lowered
Famous banks’ election expectations
Energy and gold don’t explain the CAD
Levent Kafkasli becomes GM of GAP Insaat
Global tension: Is it decision time for Turkey?
When you don’t learn from a mistake from 30 years ago
UNDP sends containers to the quake-hit region
Annualized foreign trade deficit tripled in 1.5 years
KKM, liraization: Fiddlesticks!
Capacity usage down contrary to real sector confidence
Developments that please Ankara in the Eastern Mediterranean
This didn’t make the Turkish headlines, but at the beginning of the week there was a development of critical importance for Turkey. The US administration, in a diplomatic note sent to Greece, stated that it does not support the Eastern Mediterranean oil/ natural gas pipeline project (the East-Med Pipeline Project) pioneered by Israel, Greece, and...
What will Turkey’s January foreign policy hold
Turkey’s 2022 foreign policy agenda kicked off more quickly than expected… A phone call between Moscow and Ankara gave the first signal that January would be a difficult month for Turkish foreign policy. On Sunday, Russian President Vladimir Putin called President Erdogan by phone. In statements made following the phone call officials indicated the two...
A new era in Germany: How will Turkey be affected?
After 16 years of Angela Merkel, a new coalition government has been formed in Germany. In the new government, referred to as the “traffic light coalition” given the colors of the constituent parties, the prime ministership was given to the Social Democrats (red), the Ministry of Finance seat to the neo-liberal FDP (yellow), and the...
Economists are trying to predict the possible effects of the unavoidable – and certainly undesirable – increase in the exchange rate on citizens. However, the cost of the current economic crisis to citizens is not solely financial, or as a result of inflation. There is also the foreign policy dimension. The Political Price of the...
A crisis-hit multipolar world
The world has experienced severe security concerns in the post-9/11 era. States have become unprecedentedly prone to imminent existential challenges. The proliferation of global crises, including terrorism, migration, the worldwide financial crisis, climate change, cyber conflicts and the rapidly expanding role of non-state actors, has accelerated the global transition to a multipolar world. The outbreak...
In the Democracy Summit, is the goal democracy or strategy?
The U.S. President Joe Biden will hold the “World Democracy Summit” he promised in his election campaign on the 9-10 of December. Invitations have begun to be sent out, and information leaked to the American press indicates that Turkey is not on the “guest list.” Turkey is experiencing a very difficult era in terms of...
Two key countries in confrontation; Russia and India
The U.S. and alliances are turning to a new ally to counter the rise of China – India. Just as the AK party government in Turkey was the rising star for moderate Islam in the Greater Middle East during former U.S. President Obama’s term, so now is India a rising star in Washington. U.S. President...
The crisis isn’t over
The 10 western ambassadors who called for the release philanthropist Osman Kavala managed to implement a temporary solution, at the last minute, to avoid being declared “persona non grata” by President Erdogan. Western powers confirmed their commitment to Article 41 of the Vienna Convention, which states that NATO powers should not interfere with the sovereignty...
The management system burden in foreign policy
The effects of the Presidential system implemented in 2018 on the economy are wellknown. Now this system has begun to deeply affect Turkey’s foreign policy. These effects were made clear with this year’s European Union report on Turkey, released last week. The report clearly states that Erdogan’s system of government has caused Turkey to suffer...