Archives Economics - Page 10 of 24 - New Eastern Outlook

The Scottish aristocrat and British Prime Minister (1963-1964) Sir Alec Douglas-Hume once said: “There are two problems in my life. The political problems are insoluble and the economic problems are incomprehensible.” His words also reflect very closely the economic realities of modern Turkey. Recep Erdoğan and his Justice and Development Party (AKP) came to power in 2002 amid an economic crisis and widespread criticism of the economic policies of the previous government, led by Bülent Ejavit, which had seen the country’s GDP fall by 10 percent…

Against the backdrop of the secondary sanctions adopted by the United States against countries that violate the embargo regime imposed on Russia, since the beginning of 2024 Turkey has started to take actions that are inconsistent with the course of the strategic partnership (at least in the sphere of trade and economic relations), willingly or unwillingly. In particular, we have witnessed the refusal of Turkish banks to accept payments from Russian legal entities and now from Turkish exporters of goods to the Russian market (except for agricultural products). Finally, some Turkish terminals have been refusing to accept…

On 22-23 January 2024, Turkmen Foreign Minister R. Meredow visited Japan. During this trip, meetings were held with the Japanese Foreign Minister, the Ministers of Digital Transformation; Land, Infrastructure, Transport and Tourism; Economy, Trade and Industry; representatives of Japanese business, the Director of the Foreign Trade Organisation of Japan and the Head of the Export Credit Organisation of Japan. The leitmotif of the talks was the cooperation…