Last week, EU members met in Brussels to discuss a host of issues the Union faces in 2021. Sanctions against Turkey were on the table, ostensibly to punish it for what some members claim are its “illegal activities” in the Eastern Mediterranean. But unity in the Union is in short supply these days. The Greek...
The highest monthly CAD in the history of the republic
What matters on Tuesday, March 21
What matters on Monday, March 20
Dollar lost its savings instrument edge
Quake-hit cities to get investment support
15% of earthquake victim voters migrated
What matters on Tuesday, March 14
A law specific to Istanbul is a must: Mayor of Istanbul
Share of compensation of employees in the GVA hits a 25-year low
Hunger limit doesn’t fit in wallets; new banknote is needed
Opposition bloc eyes deal to reunite, elevate popular mayors
Central Bank and SFD ink USD 5bn deposit deal
What matters on Monday, March 6
A big slowdown in the rate of interest reduction!
Economy expands by 5.6% in 2022
Mortality statistics rise by tenfold due to COVID-19
What matters on Tuesday, February 28
Central Bank cuts interest rate by 50 basis points
Will earthquake aids open a diplomatic channel?
Sanctions on the horizon?
In-fighting in NATO
Last week’s meeting of NATO foreign ministers was supposed to address the alliance’s future and ways for it to stay relevant. Instead, it devolved into an acrimonious exchange of grievances, reinforcing the internal cleavages that plague it. Turkey was at the heart of the controversy, with outgoing U.S. Secretary of State Mike Pompeo lashing out...
FIBA Group adds 4-new wind energy plants
Fiba Group has added four new wind energy plants with total 200MW capacity to its renewable energy portfolio. The group will now reach a total of 580MW capacity, 550MW from wind and 30MW from solar.Established by Fina Energy, an affiliate of FIBA Group, the wind power plants are based in Van, Balikesir, Yalova and Istanbul...
Is This Really About Libya?
Last week’s run-in between a Turkey-flagged cargo ship and an EU maritime patrol, part of Operation IRINI set up to enforce the arms embargo on Libya, demonstrated once again that tensions on the Mediterranean Sea, far from easing, are deepening to worrisome levels. The issues are complex and Libya, a conflict that has exposed fault...
Making sense of America
To put it diplomatically, the Trump administration, from the day it took office, has been unusual. No less so the transfer of power, if we can call it that. Since the presidential election was called in Joe Biden’s favor, Trump and his cohorts have acted in ways more akin to a dictatorship, refusing to concede...
Who wins in Nagorno-Karabakh?
The end of hostilities marks a potentially historic moment in the decades-old conflict between Armenia and Azerbaijan. If the peace agreement holds, the major players in the region will all, to one degree or another, have achieved their goals, and what appears to be a loss suffered by the Armenians may translate into a win...
In the U.S., a successful election but little solace
The U.S. elections may be over but the political turmoil that has roiled the world’s most powerful nation are really only beginning. For many observers, regardless of who won, the fact that the results were so close, dragging on for days, was the worst possible outcome. The uncertainty and instability will no doubt be felt...
France, Islam and strategic nuance
The furor over Islam and its place in France is reaching unprecedented levels of acrimony in the aftermath of now two terrorist attacks that have left four dead. The hostilities were sparked after the satirical magazine, Charlie Hebdo, re-published cartoons of the prophet Muhammad at the beginning of September, the same cartoons that led to...
So it is official: The Saudi government is actively attempting to block Turkish exports. The revelation will surprise no one who has followed the rising tensions between the two countries but it nonetheless signals an escalation. Why is Saudi Arabia raising tensions and how should Turkey respond? Adnan R. Khan: Could you briefly outline what...
Turkey, Cyprus, and the geopolitics of the sea
As presidential elections in the Turkish Republic of Northern Cyprus move into a runoff phase, a central question that has emerged is what the future of the island will look like. The question could not be more existential. On the one side, there is Mustafa Akıncı, the incumbent president who believes the future prosperity of...