Erdogan’s new economic plan no remedy for lost purchasing power

Even as Ankara rolls out a new scheme to contain the country’s currency crisis, the severe losses of millions of low-and middle-income Turks appears irreversible.

Turkey

Why have AKP elites lost touch with reality?

The presidential system’s negligence of Turkey’s realities has turned what would be a difficult economic and political era anyway into one that is also dark and dangerous. 

Turkey

Lira rallies as Erdogan unveils new financial scheme, but jitters prevail

Turkish President Recep Tayyip Erdogan revealed a scheme using Turkey’s treasury to prop up the lira, but critics point out that the move amounts to a backdoor hike in interest rates.

Turkey

Drone sales could dampen Turkey’s African venture

Turkey has made major economic and diplomatic strides in Africa since the early 2000s, but growing military sales to African countries raise the specter of a risky shift.

Turkey

Turkey rules suicide in death of Kurdish prisoner who alleged torture, rape

A female Kurdish inmate who spoke up about rape, sexual harassment and torture in prison has died in solitary confinement in what the state has ruled suicide.

Turkey

Turkey accused of blocking Kurdish film at Iraqi film festival

Turkey is accused of pressuring film festival organizers in Iraqi Kurdistan to cancel an award-winning movie depicting PKK forces.

Turkey

Egypt, Turkey compete for military foothold in Kenya

Egypt and Turkey are vying for presence in Kenya, with both countries seeking to consolidate their relations at all economic, technological and industrial levels with the African country.

Egypt

Elon Musk talks space travel with Turkey’s Erdogan

The tech mogul reportedly said it was an "honor" to talk to the Turkish president about cooperation on space technology.

Turkey

Many hurdles remain for Turkey-Armenia reconciliation

As normalization with Armenia remains crucial for Turkey’s broader regional aspirations, there are still major political and psychological stumbling blocks before the process. 

Turkey

Can Turkey's outreach to Armenia save US-Turkish ties?

Although Turkey-Armenia normalization is not guaranteed, mutual moves by Ankara and Yerevan are hopeful steps in the right direction.

Turkey

Tumbling lira favors foreigners seeking real estate in Turkey

The freefall of Turkey's currency has provided new opportunities for foreigners looking to get into the country's real estate market.

Turkey

Turkish lira sinks further with Erdogan’s latest rate cut

Ankara’s controversial economic policy coupled with external forces portend a continuing deprecation of the Turkish lira that will only worsen inflation and other economic parameters.

Turkey