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New Eastern Outlook

Turkey

Turkey is heading for changes in its financial system, and replacing the head of the Central Bank

The financial crisis in Turkey calls for a tight monetary policy and a tough banking regulator. But Turkey’s Central Bank is being headed by one US business school graduate after another. But how will Fatih Karahan be more successful than Hafize Gaye Erkan? In terms of its financial situation, Turkey is going through difficult times. In real terms, annual inflation in 2023 has reached 65% (and some independent sources claim it is as high as 128%), and, unfortunately, is still largely the same in February 2024. Wages are not growing in line with inflation, and the poverty rate is growing…

Alexandr Svaranc

Egypt-Turkey: a very positive visit by President Erdoğan

The visit made by Turkish President Recep Tayyip Erdoğan to Egypt in mid-February lived up to expectations and produced positive results. The visit was aimed at restoring relations between Cairo and Ankara. The aim was to bring them back to the level they were at ten years ago. After the talks, the two parties signed a joint declaration that included provisions for restructuring the high level Strategic Cooperation Council and strengthening trade and security cooperation. During the meeting, the sides also discussed cooperation in the fields of energy, tourism, culture and education…

Viktor Mikhin

Erdoğan is preparing for the future

Ahead of Turkey’s local elections, incumbent President Recep Tayyip Erdoğan and his Justice and Development Party (AKP) team are stepping up their efforts against their opponents in the upcoming campaign. The Central Election Commission of the Republic of Turkey has set the election date for the last Sunday in March 2024, which falls on 31 March. The CEC document states that “the decision was made unanimously” after a meeting of the commission’s presidium, the government publication Rasmi gazete reported…

Бахтиар Урусов

Fate of F-35s in Turkish-US relations

Alexandr Svaranc

Turkey’s search for a “historic” alternative to the EU

Alexandr Svaranc

Turkey is counting on the Zangezur Corridor

Alexandr Svaranc

Turkey — Sweden: “Political negotiations” were held...

Alexandr Svaranc

Development of Russian-Turkish economic cooperation against the backdrop of US counteraction

Nazar Kurbanov

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