Construction, real estate, and energy company Ronesans Holding is in talks with Japanese companies to carry out joint projects of up to USD 3bn in value to increase its growth in foreign markets, according to Erman Ilicak, Founder and President of Ronesans Holding. “Ronesans is also looking to buy a stake in a Japanese engineering...
Tag: Russia
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U.S. says Turkey’s approach to Sweden, Finland NATO bid not a bilateral topic
Turkey’s approach to the NATO accession process of Sweden and Finland is not a bilateral issue between Washington and Ankara, the U.S. State Department said on Friday, but added that Washington was speaking with Ankara and it remained confident that the dispute would be overcome. Finland and Sweden say they have been spurred into joining...
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Turkey is doing a good job in mediation: Borrell
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...
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All eyes are on Russia: OPINION
BY FEHMI KOFTEOGLU Turkey found two solutions to the aircraft presented by the Russia-Ukraine war. One of them is the seat allocation by Turkish Airlines to tour operators and the other is a change in the Civil Aviation regulation. These are solutions that make the best of a bad situation, but they don’t meet expectations....
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Impacts of the sanctions regime on businesses of Turkish origin
BY ASLI KINSIZ, ORCUN TURAN, DENIZ YONTUK Direct implementation of a sanction imposed by the US or another country against Russia and Russian companies will not be imposed directly on Turkish companies under Turkish law. However, it has to be noted that the fact that these sanctions are not legally applied to Turkish companies does...
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Ruble and tourism
BY FEHMI KOFTEOGLU Trade with the national currency has been discussed for a few years globally and in Turkey. Discussions and preparations have accelerated with the sanctions levied by the U.S. and the European Union on Russia due to the Russia-Ukraine war. While central banks of the countries work on the infrastructure, the possible reflections...
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Zeitenwende
BY ZEYNEP GURCANLI 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...
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Ukrainian aftershocks: OPINION
BY ZEYNEP GURCANLI The war has already begun to change international balances, not only in the region close to Ukraine but all over the world. The Middle East, Asia, and Europe are very active these days. Alliances are changing and being renewed. While the “star” of some countries is shining, some of them are now...
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Is the war in Ukraine a window of opportunity for Turkey?
BY PROFESSOR ILTER TURAN Since the beginning of the Russian invasion of Ukraine, countries affected by the Russian military action have tried to evaluate its implications. As the invasion has progressed, the West (the U.S., members of NATO, and the EU) have introduced an escalating series of mainly economic sanctions. These sanctions have increased the...
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Ex-German foreign minister blasts West for denying Turkey air-defense systems
Former German Foreign Minister Sigmar Gabriel criticized the West for not providing air-defense systems to Turkey when the NATO member country needed them. In a speech in Berlin, Gabriel, now the sitting chairman of the Atlantik Brucke (Atlantic Bridge) think tank, said he had worked hard to improve ties between Turkey and the West. Underlining...