Archives Economic crisis - Page 8 of 11 - New Eastern Outlook

On November 28, David O’Sullivan, EU Special Envoy for Sanctions, visited Kazakhstan. He also spent November 29-30 in Tashkent, as part of a visit to Uzbekistan that took place immediately after his departure from Astana. The publicly announced purpose of the two visits was to “discuss the prospects for trade and economic cooperation with the European Union.” In fact, the envoy had a conversation with the leadership…

The head of the National Elections Authority (NEA), Judge Hazem Badawy, announced that Egyptian President Abdel Fattah El-Sisi was re-elected to a new six-year term with 89.6 percent of the vote in a landslide election victory. He said turnout was 66.8 percent of more than 67.3 million registered voters and President El-Sisi received 39,702,451 valid votes. The runner-up, Hazem Omar, received 1,986,352 votes, representing 4.5 percent of the valid ballots recorded by the authority. Farid Zahran finished third with 1,776,952 or 4 percent of the votes. Abdel-Sanad Yamama came fourth with 822,606 votes, or 1.9 percent, Badawy said…

It is no secret that politics is a concentrated expression of economics. This thesis is most relevant for Turkey’s foreign policy course, which changes its direction mainly depending on rising financial flows. The Turkish economy, which has been in deep recession in recent years, is heavily dependent on foreign currency interventions and various kinds of credits and loans. It should be recalled that President R.T. Erdogan put his own state in a debt hole by adhering to a conservative economic model that envisaged…