Turkish President Recep Tayyip Erdogan’s August 5 meeting with his Russian counterpart Vladimir Putin appears to have turned the page on Ankara’s frosty ties with Ramzan Kadyrov, the leader of Russia’s Muslim-majority Chechen Republic and a Putin loyalist. Turkey’s foreign minister and intelligence chief, who accompanied Erdogan to Sochi, met with Kadyrov on the sidelines […]
Tag: Recep Tayyip Erdogan
HSBC: Turkish lira may hit 21 per dollar by June 2023
The Turkish lira could reach 21 per dollar by June next year, when the country is scheduled to hold presidential and parliamentary elections, British bank HSBC said. HSBC revised its estimate for the end of June 2022 from 18.2 pounds to the dollar, BloombergHT reported, citing the bank’s report. The pound traded down 0.4% at […]
With ‘injections’ from Saudi Arabia, Russia and Arab countries, Erdogan maintains Turkey’s economy
Turkey is reportedly seeking a $20 billion deposit from Saudi Arabia in a bid to shore up its foreign exchange reserves. On Wednesday, Turkish newspaper Dunya reported that Saudi Arabia is expected to initially deposit $10 billion in Turkish government bonds and accounts. A Turkish Finance Ministry source confirmed to Middle East Eye that technical […]
Brussels: The (implicit) irritation with Erdogan
The Turkish drilling rig in the eastern Mediterranean, the geopolitical dispute between Turkey-Greece and Cyprus, but also the powerless position of Brussels vis-à-vis Erdogan in the press. Turkey is again sending a drilling rig to the eastern Mediterranean, thus putting a new dispute with Greece on the agenda, comments a publication in Süddeutsche Zeitung. As […]
Devotees of the ‘Blue Homeland’ against Erdogan for the drilling rig – ‘It traps us in Antalya’
Fifty-five kilometers south of the Turkish coast in the eastern Mediterranean, the drilling vessel “Abdul Hamid Khan” began its work. The drilling rig is located in the Yorukler-1 field, outside the Cypriot EEZ, and will remain in the area until October 7, when a new NAVTEX is expected to be issued. Tayyip Erdoğan, speaking yesterday […]
With an eye on the election, Erdogan is increasing and highlighting his achievements on the world stage
A series of diplomatic victories, culminating in an agreement to resume grain exports from Ukraine, offers Turkish President Tayyip Erdogan some temporary relief amid the country’s economic woes, while offering a blueprint for his campaign strategy for elections that will to be held next year, the Reuters agency notes in its analysis. As Erdogan prepares […]
Putin’s cash brought breaths to Turkey’s economy: The noose of the bear market is loosening
The return of optimism in global markets is lifting one of the most troubled countries, Turkey. The nation notorious for responding to high inflation with low interest rates was among the emerging markets hardest hit after the outbreak of war in Ukraine. Now, as fears of soaring consumer prices ease around the world, the bear […]
Erdogan: The double-headed eagle is a symbol of the Seljuks – The ‘Abdulhamit’ drilling rig is sailing away tomorrow
Turkish President Recep Tayyip Erdogan said that due to Turkey’s geographical position, it cannot turn its back on either the East or the West. Expressing the belief that they should maintain strong relations with the East and the West at the same time, “like the double-headed eagle, which is the symbol of the Great Seljuk […]
Ukrainian ambassador to Turkey: Erdogan’s son-in-law to build Bayraktar drone in Ukraine
“Turkey plays a special role in the Russian-Ukrainian war. On the one hand, it supplies us with the famous Bayraktars. On the other hand, it strengthens its cooperation with the Russian Federation, effectively helping the aggressor country to circumvent sanctions. Latest news is Ankara’s agreement to pay for Russian natural gas in rubles and the […]
Russian analyst: Putin holds the keys to Erdogan’s re-election
Russian President Vladimir Putin’s continued political and financial support is essential for Turkish President Recep Tayyip Erdogan to win next year’s election, a top Russian analyst said on Monday, reflecting on a meeting between them in Sochi, Russia that has raised alarm in capitals of the West. Erdogan is struggling with economic instability in his […]
