The EU Foreign Policy Chief Josep Borrell hailed Turkey’s efforts to reach a cease-fire between Russia and Ukraine. Borrell told German daily Frankfurter Allgemeine Zeitung that the EU is unlikely to become a mediator in resolving the Russia-Ukraine conflict. “The Russians would not accept that, just as we Europeans would not accept Russia as a...
Tag: EU
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The first step towards the new international order: OPINION
BY ZEYNEP GURCANLI We feared it would happen in Ukraine. After the extraordinary military buildup on the Ukrainian border, Russian leader Vladimir Putin took the expected step of officially recognizing Luhansk and Donetsk, two Russian-dominated regions that declared their independence from Ukraine. Not only did he recognize them, but by signing cooperation and assistance agreements...
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The West in a quandary amid conflict on Ukraine: OPINION
BY DR. SIBEL ZENGIN The possibility of a new Russian offensive on Ukraine’s borders has been a matter of heightened tension among former Cold War rivals and has inflamed NATO -Russia geopolitical rivalry for the last two months. But in fact, the conflict has been far from over since the annexation of Crimea in 2014....
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A highly credible program should be implemented for inflation: ASO
Turkey should immediately implement a highly credible program to fight against inflation, says Nurettin Ozdebir, Chairman of the Ankara Chamber of Industry (ASO). Speaking at the ASO January Assembly meeting, Ozdebir said inflation will continue to be a problem until the impacts of the pandemic disappear. It has now become a structural problem, he said....
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Prices will not weaken competitive power in machinery exports
Turkey’s machinery sector exports surged by 23.3% to USD 23bn in 2021, compared to the previous year, according to the Machinery Exporters’ Association (MAIB). The sector’s exports also rose by 18.3% versus the pre-pandemic year of 2019. “The volume of orders shows that the Turkish machinery sector’s market share in the European Union and the...
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What will Turkey’s January foreign policy hold: OPINION
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...
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Exports in 2021 reaches USD 225.4bn
Turkey’s exports rose by 32.9% to USD 225.4bn in 2021, compared to the previous year, according to President Recep Tayyip Erdogan. The country’s foreign trade deficit, meanwhile, dropped by 7.8% to USD 45.9bn in the same period. The export/import coverage ratio hit 83.1%. “We’ve achieved our foreign trade volume, which stood at USD 87.6bn in...
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Frequent management changes destroy TurkStat’s credibility
BY ELIF KARACA Frequent changes of the president of the Turkish Statistical Institute (TurkStat) and other management positions significantly undermine the institution’s credibility, said the European Statistical Office (Eurostat) officials citing the European Commission’s 2021 Turkey report. Officials said Turkey was the first candidate that passed the ‘peer review’ assessment in 2015. “Other candidates and...
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EBRD to provide USD 25m to Garanti BBVA Leasing to be used by SMEs
The European Bank for Reconstruction and Development will provide a USD 25m loan to Garanti BBVA Leasing, the financial leasing arm of Garanti BBVA, to be used by eligible SMEs for investments in sustainability, according to a statement from the EBRD. This new loan has been distributed under the third phase of the Turkey Sustainable...