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Tag Archives: Erdogan

Law Change Could End Military Involvement in Politics

In its latest move to remove the military from Turkish politics the Turkish Parliament on Saturday amended an army regulation that had often been used as a precursor for the military to get involved in politics and even to overthrow previous governments on several occasions. This regulation, or one article...

Posted on 17 July 2013

Istanbul Construction Boom Shows Growing Prowess of the City

The city of Istanbul is booming, as construction sites are springing up all over the place. One such project is the Zorlu Centre, a $2.5 billion site that includes luxury boutiques and a Raffles Hotel. Almost half of the 1.5 million Dollar-a-piece apartments have already been snapped up by wealthy...

Posted on 02 November 2012

Turkey to Clear IMF Debt by April 2013

Turkey is to clear its remaining debt to the IMF by April 2013 according to Prime Minister Erdogan in a statement made last week. “At the present we owe a total of $1.3 billion to the IMF and we will cut it to zero by next April,” Prime Minister Recep...

Posted on 04 October 2012

Erdogan Set to Make Good on New City Promise

The Turkish Prime Minister, Recep Tayyip Erdogan promised as part of his Parliamentary campaign last year, to create a new city. The city is being planned for the northern coast of Istanbul, and is expected to help boost Istanbul's economy. Apparently the government has already begun work on the plan...

Posted on 09 June 2012

Newly Empowered AK Party Could Get EU Accession Back on Track

Now nearly one week past the Turkish election and not a peep of controversy or complaint at the result, we can safely say that the election was a success, especially given that 87% of the voting public turned out and cast their vote. Prime Minister Erdogan of the Justice and...

Posted on 17 June 2011

Inflation Hits 41 Year Low as Economy Grows 6.4%

Turkish inflation fell to 6.4% in 2010, a 41 year low. While the fact that 2010 total GDP growth matched that figure is brilliant, it is most likely that history will reflect on the inflation as the most important achievement in Turkey's economic development. History will remember the 2001 financial...

Posted on 04 January 2011

Turkey Embraced by West – Revered by East… Best of Both Worlds?

Turkey is proudly taking its place as one of the key markets in the world we are all rebuilding after the catastrophic crash of the last 18 months. Today it officially launched its bid to host Euro 2016, where it will compete with the likes of France and Italy to...

Posted on 24 December 2009