The Central Bank’s interest decision

The Central Bank Monetary Policy Committee announced its interest decision yesterday. The Central Bank increased the Late Liquidity Window Interest Rate, which it has been using recently, from 12.75 percent to 13.50 percent.The motivation behind this... more

The world’s fastest growing country is Turkey

Today is an important day when the growth rates of Turkey are announced. As I was writing these lines, Turkey’s growth rate for the fourth quarter of 2017 and its annual growth rates were not yet announced.Even though it is difficult to make estimati... more

The future is in energy

I will discuss the “Turkey Development Summit” organized yesterday by the International Development Association and Ankara Yıldırım Bayazıt University. Such summits would be organized in the past by public institutes and organizations. Now they ar... more

The new story in economy passes through the Silk Road

The economic power balance in the world economy is changing. The direction of this change is from west to east. In fact, the beginning of the change was 2008. The 2008 global economic crisis became the turning point of this change. Since that year... more

Will D-8 countries boost trade in local currencies?

It is clear that trade in local currencies will give new momentum to boosting trade among developing countries. Trade in local currencies has also been frequently expressed in Turkey in recent years. In particular, the use of local currencies in our ... more

AK Party’s excitement for change and transformation toward 2019

The Justice and Development (AK) Party has been in power since Nov. 3, 2002. The economic position that Turkey has achieved in this 15 year-period is the result of the AK Party’s struggle with deep-rooted habits. The Turkish economy has not faced an ... more

TurkStream project: An important step toward becoming a central country in energy trade

Another step has been taken toward the actualization of TurkStream, which is one of the most important natural gas pipeline projects in the process of Turkey becoming an energy trade center. The Environmental Impact Assessment (EIA) report has been ... more

KRG referendum, German elections and the markets

Turkey is going through tough times both politically and economically. In fact, it is not a new situation for us, as Turkey is in a challenging region that has a strong potential and that is, at the same time, being used as a stage for many scenarios... more

Why is the world bigger than five?

President Recep Tayyip Erdoğan, who came forward with the message of ““Focusing on people: Striving for peace and a decent life for all on a sustainable planet,” became the leader of the UN General Assembly. The speech delivered by President Erdoğan ... more

When humanitarian aid is mentioned Turkey comes to mind

With every humanitarian crisis, Turkey proves once more that it is a leading country in humanitarian aid. Recently, once again, Turkey was the first country to reach out in the Myanmar humanitarian crisis. While developed countries remain silent, as ... more

The way to solve inflation is through solving structural problems

There are several factors that determine the inflation rate in Turkey. Energy prices, the fluctuation in exchange rates and food prices are elements that directly determine the inflation rate. Of course, there are other elements besides these. One o... more

Will US sanctions affect the TurkStream project?

As energy battles in the world are escalate, the struggle of the countries party to this battle to have a share in the market will also increase. One of these countries is the U.S., which has been an energy importer for years. Having made a serious m... more

Will Erdoğan’s Gulf visit change the energy equation?

President Recep Tayyip Erdoğan's visit to Saudi Arabia, Kuwait and Qatar, which commenced yesterday, is important in reducing the tension among the Gulf states which emerged as a result of the Qatar crisis. Turkey has acted responsibly and taken init... more