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Archives Economics - Page 21 of 24 - New Eastern Outlook

The grain deal negotiations in Sochi won’t be successful if Russia’s interests are not honored

The recent trip to Russia by Turkish President Recep Tayyip Erdoğan received a lot of media attention ahead of it. One thing was clear – Vladimir Putin and Recep Tayyip Erdoğan would meet, whether it be in Turkey, Russia, or some other country such as India. What caused the Turkish leader to act in such haste? Of course, the goal of this meeting was not to thank Russia for its assistance during his most recent contentious presidential campaign. It is also hardly the topic of Syrian talks, which have not yet established a meeting place…

Alexandr Svaranc

Iraq’s Budget - A Bridge to a Prosperous Future

After months of political negotiations and four days of voting, Iraq’s parliament has finally approved the largest budget in the country’s history. The draft bill for the 2023 document was initially approved by the cabinet and received the green light from the legislature in June 2023. Experts believe that the planning and swift approval of this financial plan represents a telling achievement of the country’s current administration. The adopted budget amounts to a staggering 198.91 trillion Iraqi dinars, equivalent to US $153 billion. However, it has a deficit of 64.36 trillion dinars. Projected oil revenues are estimated at 117.25 trillion dinars…

Viktor Mikhin

Erdoğan uses ‘US pressure’ as leverage...

On the eve of its 100th anniversary, the Republic of Turkey is experiencing a difficult period due to a severe economic crisis and tense relations with the United States. Inflation has broken new records and has already reached 60%, while the Turkish lira has plummeted to 27.2 per US dollar. Strategic stability has yet to be attained, no matter how much Mehmet Şimşek, Minister of Treasury and Finance, strives to follow international economic rules and bind himself…

Alexandr Svaranc