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Syria and the regional sectarian war
The more active stance taken by Hezbollah and Iran in the Syrian civil war made the Turkish government angry and triggered a series of reckless sect-oriented statements.…
Consumption on the rise, investments stagnant
In the light of the information available, 4 percent growth in 2013 is still achievable. Lately I have addressed the vulnerabilities facing Turkey’s economy and…
Forty-two percent of the population do not have bank accounts
Middle class implies stability. Not in the sense of creating it, but registering it. I think there are two types of persons: those who have bank accounts and those who…
Get your Turkish visa online immediately
Every year, more than 30 million tourists visit Turkey, making it the sixth largest tourist destination in the world (excluding the United States and China) and the…
It’s not too late
Despite all the praise and credit, no country is immune to crises. This is a critical lesson to learn. Do you remember the well-known economic crisis in Mexico, also…
Problems of change and security in Turkey’s Syria policy
Before his visit to the U.S., Prime Minister Recep Tayyip Erdoğan stated that Syrian President Bashar al-Assad was using chemical weapons against the opposition. He…
Let’s hope for the best
Turkey will be transferring abroad some portion of its savings, which are already remarkably low. Let’s hope for the best! A storyline we frequently hear nowadays: “In…
You only die once, but...
You only die once. The danger of this policy is that it might temporarily erode Turkey’s competitiveness. Low interest rate policy and generous liquidity injections of…
Our elephant now has company!
Today, the common problem of people rolling in dough is where to invest their money. Turkey paid off its debt to the IMF. Good news? It depends on your perspective. From…
Nous l’avons tant aimée, la révolution égyptienne
Moody’s upgraded Turkey to investment status this week. The same institution downgraded Egypt in March of this year for the sixth time since January 2011, the start of…
Does the CB need an alternative policy?
A second rating agency upgrading Turkey’s rating is a positive development concerning both the cost and volume of borrowing. Two positive developments we heard this…
How is Manhattan able to preserve Central Park?
Turkey completed the first stage of the capital accumulation process two centuries after the US. Currently I am reading Helene Wecker’s one and only novel, The Golem and…