In fact, the ruling party in Ankara stands against the independence of the central bank’s decisions, and always seeks to reduce the interest rates on loans. On the one hand, the ruling party believes that lowering the interest rate on loans will attract more investment. On the other hand, in contrast, the central bank keeps its interest high to ensure the permanence of its profits and the profits of the banking sector. This difference of views turned into a clear hostility between the two sides.
The statement added that Hamas has been designated a terrorist organisation by the US and European Union (EU), and that both officials hosted by President Erdoğan are Specially Designated Global Terrorists (SDGTs).
The announcement came eight months after Babacan resigned from Erdogan’s ruling Justice and Development Party (JDP), where he said last July that he had left due to “deep disagreements” over its direction, and revealed his intentions to establish a new party.
The General Command of the Syrian Army announced that its forces took control of Morek and other nearby towns including Kafr Zita and strategic points in Hama and Idleb, after inflicting heavy losses upon militants, according to Syrian Arab News Agency.
Turkish President Recep Tayyip Erdogan heads to Germany for a controversial state visit. Despite his authoritarian style, many German-Turks continue to cheer him on. Cabaret artist Fatih Çevikkollu tells DW why.DW: You like to introduce yourself to audiences as a German-Turkish artist from the Cologne district of Nippes. Why? Fatih Çevikkollu: Well, because that pretty …
Turkish President Recep Tayyip Erdogan has warned his country would boycott electronic goods from the United States in retaliation for recent sanctions imposed by Washington over the detention of an American pastor.The Turkish president has repeatedly been photographed while using Apple products such as iPhones and iPads. And he made his now famous speech on …
The Turkish lira crash is threatening to turn into a debt and liquidity crisis with no end in sight. Instead of acting, the Turkish leadership has warned of an “economic war.”Turkey is in the throes of a full-blown currency crisis, with little sign that the government has a plan to deal with one of the …
The start of the Akkuyu nuclear power plant is another sign of cozy relations between Turkey and Russia. Turkish, Russia and Iranian leaders are to hold a summit on Syria.Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan on Tuesday took part in a symbolic ceremony marking the construction of Turkey’s first nuclear power …
Politics’ incestuous relationship with soccer came full circle this week with the mass resignation of executives from the Turkish football federation and the firing of scores of officials, including referees, as part of the government’s witch-hunt against followers of controversial Islamic preacher Fethullah Gulen and other government critics. Intended to facilitate the weeding out of …
Meeting of the Turkish and Russian leaders put an end to tension between the two countries. Both Erdogan and Putin are eyeing rapprochement. However, energy expert Necdet Pamir is skeptical of the promises made.
Presidents Erdogan and Putin will be drafting a new joint road map in St. Petersburg. In return for Erdogan’s call for more trade, Putin may ask Ankara to jump start ties with Syria, Aram Duran reports from Istanbul.
The presidents of Russia and Turkey are expected to repair relations and revive a gas pipeline project at a meeting in St. Petersburg on Tuesday. There is, however, one key issue on the table, DW’s Andrey Gurkov writes.
The Turkish president has called on participants to bring the national flag to show support for a “single motherland.” The rally is expected to cap nightly pro-democracy demonstrations in the wake of a failed coup.
Behind Turkey’s failed July coup lies a power struggle between Erdogan and the shadowy network of his former ally. The intra-Islamic and nationalist power struggle is shaping the future of the country.
The failed coup in Turkey has revealed an imbalance in the way of thinking between Islamist elites, the political Islamic current, and the military state in Egypt. If you take one look at the logic by which these “teams” analyse and react to recent events through traditional media platforms and social media networks, you will …