Monthly Archives: September 2018

Turkey is entering into a delusional honeymoon with Europe

“The Netherlands is going to pay for this,” roared Turkish President Recep Tayyip Erdoğan on March 2017. He was reacting to the Dutch government’s refusal to let Turkish ministers campaign in Rotterdam ahead of the April referendum. Turkey started to apply sanctions … Continue reading

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Over 600,000 Syrian children schooled in Turkey: Ministry data

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More than 600,000 Syrian children have been enrolled in the education system for the 2018-2019 school year, according to Turkish Education Ministry data, state-run Anadolu Agency said on Sept. 26. There are 1,047,999 Syrian school-aged refugee children in Turkey, the agency said, citing the data figures as of September provided … Continue reading

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Life expectancy at birth reaches 78 years in Turkey

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Average life expectancy at birth for Turkish citizen reached 78 years in the 2015-2017 period, the statistics office TÜİK reported on Sept. 26. Women live longer than men by 5.5 years on an average. The institute said life expectancy at birth was … Continue reading

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Visits to Turkish museums rise 21.3 percent in 2017

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Some 30.7 million people visited museums and ruins across Turkey in 2017, a 21.3-percent rise from the previous year, said the Turkish Statistical Institute (TÜİK) on Sept. 26. The number of museums in Turkey also increased by 21 to reach 438 in 2017, up 5 … Continue reading

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EU lawmakers agree to cancel pre-accession funds for Turkey

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Members of the European Parliament’s Budget Committee on Sept. 25 agreed to cancel 70 million euros in pre-accession funds earmarked for Turkey on grounds the conditions to improve the rule of law were not met. The committee said the money would be spent on migration … Continue reading

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Social policies must be upgraded to address rising inequality in Turkey: World Bank

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Labor, taxation and social welfare policies in countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers face increased uncertainty, a new World Bank study has said. Towards a New Social Contract report calls for a fundamental … Continue reading

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Turkey’s banks get some breathing space

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Turkey’s banks are finally catching a break as the country’s tumultuous currency crisis ebbs. But the peace may not last for long. The additional yield, or spread, investors demand to own debt issued by Turkish lenders instead of the comparable … Continue reading

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Main opposition CHP lawmaker Berberoğlu speaks after release from prison

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Turkey’s Court of Cassation has approved the conviction of main opposition Republican People’s Party (CHP) lawmaker Enis Berberoğlu, while postponing the execution of the five-year jail sentence due to his status as a member of parliament. Berberoğlu was released from Istanbul’s Maltepe Prison … Continue reading

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Fitch forecasts slower growth, higher inflation in Turkey

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Fitch has reduced its economic growth forecasts for Turkey and increased its inflation forecast for the country in the wake of a significant loss in the Turkish Lira’s value against the greenback in its latest global economic outlook. In the outlook, which was … Continue reading

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Over 1,200 irregular migrants held in Turkey in past week

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The Turkish Interior Ministry on Sept. 22 said 1,210 irregular migrants were held this past week, from Sept. 14 to 21. In the western İzmir province and northern Aegean provinces, a total of 426 migrants were held in 11 different incidents, according … Continue reading

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Turkish Constitutional Court received 200,000 individual applications in last six years

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The Constitutional Court received 191,371 individual applications between 2012 and June 30 of this year. The court broke down the figures according to the number of applications made per year. In 2012, it received 1,342 individual applications, while it received a whopping … Continue reading

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Germany is ‘ideal partner for new Turkish business model’

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The business models in Turkey and Germany create many different types of cooperation opportunities, making Germany an ideal trade partner for Turkey, the chair of a prominent business organization has said. “Given Turkey’s and Germany’s respective business models and economic positions, so many different types … Continue reading

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Prostitution is against human dignity: Turkey’s top court

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Turkey’s Constitutional Court has ruled that legal protections on privacy rights do not cover prostitutes because “accepting prostitution as a profession would be against human dignity.” Turkish news website Habertürk reported on Sept. 19 that the Constitutional Court recently ended a legal … Continue reading

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Ankara sharply cuts investment levels for Turkish citizenship

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Turkey has significantly eased the required limits for foreigners to acquire Turkish citizenship to encourage investment, according to new regulations published in the country’s Official Gazette on Sept. 19. The lower limit of fixed capital investments to acquire Turkish citizenship for foreigners has been reduced to $500,000 … Continue reading

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Turkey’s Wealth Fund to become international brand: Fund chief

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Turkey’s Wealth Fund will become an international brand just like Singapore’s Temasek, Malaysia’s Khazanah Nasional and Russia’s RDIF, the general manager of the fund said on Sept. 19. Speaking at the 9th Istanbul Finance Summit (IFS18), Zafer Sönmez said wealth funds around the world … Continue reading

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Analysis: Is Istanbul economically too strong?

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By all means, Istanbul is an economically important city. The city’s GDP is higher than that of countries like Greece, Portugal Iraq, and Kuwait. According to 2017 GDP estimates as shown in the below table, almost a third of all Turkish economic activity takes … Continue reading

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Turkey’s medium-term economic program revises inflation, growth targets

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Treasury and Finance Minister Berat Albayrak has announced Turkey’s Medium-Term Economic Program (OVP), which was renamed as New Economy Program (YEP), revising targets for inflation and growth. The main theme of the three-year program for the 2019-2021 period is “balancing, discipline and change.” Albayrak’s speech at the … Continue reading

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Turkey’s Court of Cassation releases CHP MP Berberoğlu while upholding jail sentence

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Turkey’s Court of Cassation has ruled for the release of main opposition Republican People’s Party (CHP) deputy Enis Berberoğlu, while upholding his jail sentence. Berberoğlu was initially sentenced to 25 years in prison in 2017 for espionage over charges of providing daily Cumhuriyet … Continue reading

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Turkish consumer confidence sharply declines in September

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Turkish consumers’ confidence in the country’s economy sharply fell in September, down 13.2 percent on a monthly basis, data from the Turkish Statistics Institute (TÜİK) has shown. The consumer confidence index stands at 59.3 this month, while the index was 68.3 in August, TÜİK said on Sept. 20. Last month, … Continue reading

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Cyberattacks in Turkey rises 3% in first half of 2018

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Cyberattacks in Turkey rose 24.9 percent in the first half of 2018, up from 21.9 percent in the same period last year, according to Moscow-based cybersecurity firm Kaspersky Lab. “If we compare the number of people affected by web-borne threats in Turkey in the … Continue reading

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