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Proxy war and the PKK
Nowadays, everyone is asking the reasons for the increase in outlawed Kurdistan Workers’ Party (PKK) attacks. However, if there are about 5,000 to 6,000 militants in…
Initial signs for the third quarter
Though it is soon to judge, first signals for the third quarter imply that growth rate will not be substantially different from the first half. Yesterday came another…
North Korea: 5 Turkey: 0
Turkey is the only country among the top-twenty economies that has not won a medal at the 2012 Olympic Games. Around 10,000 athletes from 205 countries are competing in…
Stagnant growth in the second quarter?
Even though the episode of slow growth that started in the first quarter of 2011 has ended by Q1 2012, the recovery has not started yet. Last week foreign trade…
Nissin foods comes to Turkey
Nissin Food’s entry into the Turkish market is a good sign for the female labor force participation rate. Turkey’s biggest growth challenge is increasing women’s…
Are we sure that inflation will be 6.5 percent?
Even if the 6.5 percent year-end target is achieved, Turkey’s CPI will be relatively higher than those in Turkey’s rivals in international markets. Inflation figures for…
Turkey is like an adolescent
In order to be transformative, you first have to be aware that you are different. Recently in Tunisia, a businessman said, “It gives me goose bumps when your ministers…
Between realities and dreams: the future of Syria
The fire in Syria will extinguish with its own domestic dynamics, which will cause numerous civilian deaths. At the beginning of the week, Foreign Minister Ahmet…
Is the worst part over? (2)
For long, Germany has been opposing to ECB’s monetization for purchasing securities of troubled countries. Following the positive reaction of the market’s to European…
Is the worst part over?
With the high budget deficit and public debt, the perception that the existing fiscal policies were not sustainable became prevalent. ECB President Draghi declared on…
Will Turkey entrust cities to its villagers?
Yesterday, the core problem was the central government’s tutelage over the local. I’m afraid tomorrow’s problem will be tutelage of the rural over the urban. The agenda…
Switching from national currency to Euro
Will sound Nordic countries switch back to their national currencies letting the others stew in their juice? They were quite angry at us and they reacted “kindly”…