Turkey

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  • Turkish travel issues in the EU and the 500-euro note may meet its demise.

    Turkish Travel Travails and the Potential 500-euro Note Sacking

    It might not be on investors' calendars, but European officials will take steps toward addressing two issues tomorrow.  First, the EC will make a preliminary recommendation of visa-free travel in the Schengen area for Turkish passport holders.  Second, the ECB governing council will hold a non-monetary policy meeting.  It is expected to discuss the future of the 500-euro note. 

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  • Presdient Erdogan's damaged public image has been largely self-inflicted.

    Turkish President Erdoğan Faces Uncertain Future

    Turkish President Recep Tayyip Erdoğan received a rapturous reception in his early days in power, but a series of political errors has sullied his public image and undermined his power.

    Since his Justice and Development Party (AKP) attained power in 2002, Recep Tayyip Erdoğan has dominated Turkish politics. However, discontent about his erratic leadership is intensifying. There is a widespread perception that power has gone to his head and his political decisions are now more about aggrandizing his ego than doing the best for Turkey.

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  • Will Turkey Ever Join The EU?

    Will Turkey Ever Join The EU?

    The EU – whose most powerful members manifestly do not want to extend EU membership to Turkey – is once again going through the ritual of reconsidering the country's application for membership. There are huge pluses and glaring minuses involved in any future Turkish membership; this dance still has a long way to run, it seems.

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  • Why The World Must Learn From Turkey’s Economic Miracle: Jeffrey Sachs

    Why The World Must Learn From Turkey’s Economic Miracle: Jeffrey Sachs

    After a sharp downturn in 1999-2001, Turkey’s economy managed to grow by 5 percent per year on average from 2002 to 2012 – despite global and regional crises. There is however nothing flashy about the country's rise; its success was simply based on getting the fundamentals right, like rebuilding the banking sector, getting the budget under control, and investing heavily where it counts: infrastructure, education, health, and technology.

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  • Turkey: The Big Winner In The Mediterranean Shale Game?

    Turkey: The Big Winner In The Mediterranean Shale Game?

    The Mediterranean has joined the shale game, but as most of Europe's Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria.

    For Israel, it will be a slow road without the majors.

    For Algeria, it's full speed ahead, in theory—but the foreign interest is just dabbling for now due to a lack of shale infrastructure.

    For Turkey, the situation is more promising thanks to a renewed interest by the majors and a near-perfect blend of good governance and attractive fiscals. Here's what the playing field looks like:

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