Latest Articles about Turkey

RELIGIOUS HOLIDAY SHIELDS TURKISH MARKETS AGAINST GLOBAL TURMOIL

In a country in which the prevailing, and often paradoxical, interpretation of secularism frequently causes political and economic instability (see EDM, July 31), it is ironic that one of the Turkish state’s unequivocal concessions to religious sentiments has provided the Turkish markets with at least... MORE

TURKEY’S FIRST MILGEM WARSHIP LAUNCHED IN ISTANBUL

On September 27 the Turkish navy launched the corvette TCG Heybeliada, the first modern warship to be designed, built, and equipped primarily from local resources. The TCG Heybeliada is the first in what will eventually be a series of 12 multi-purpose littoral combat warships built... MORE

TURKEY SEEKS TO TIGHTEN LEGISLATION AGAINST MONEY LAUNDERING

On September 16 a directive by the Turkish Ministry of Finance to try to tighten Turkish anti-money-laundering legislation was published in the country’s Official Gazette. “The Directive on the Harmonization Program Regarding Responsibilities Related to the Prevention of the Laundering of Criminal Proceeds and the... MORE

MORE SPEED, LESS HASTE RESULTS IN TURKISH NUCLEAR TENDER FIASCO

Turkey’s latest attempt to acquire nuclear power resulted in humiliating failure on September 24, when only one consortium submitted a bid to build the country’s first nuclear power plant at Akkuyu, near the eastern Mediterranean port of Mersin. In the six months following the announcement... MORE

TURKEY COURTS AFRICA

As American, European, and Asian governments and markets nervously contemplate the economic chaos of the past month, Turkey is quietly pressing forward with plans to increase its presence in the world's most distressed continent—Africa. On September 22 while attending the 63rd session of the UN... MORE

AKP PUSHES AHEAD WITH NUCLEAR POWER TENDER

Despite calls for a delay, Turkey’s ruling Justice and Development Party (AKP) is pushing ahead to award the tender for building the country’s first nuclear power plant. On September 24 the state-owned Turkish Electricity Trading and Contracting, Inc., (TETAS) will open the bids for building... MORE

FACT, FANTASY, AND FARCE AS MORE ARE DETAINED IN ERGENEKON PROBE

On September 18 the Turkish security forces detained 19 more people as part of the continuing judicial investigations into a shadowy ultranationalist group known to the Turkish media as Ergenekon (see Terrorism Focus, January 29). The Ergenekon investigation was launched following the discovery of a... MORE

ERDOGAN LAMBASTS EU OVER SLOW PACE OF TURKISH ACCESSION

On September 16 Turkish Prime Minister Recep Tayyip Erdogan harshly criticized the EU for the slow pace of Turkey’s accession negotiations. Speaking at an iftar—the meal at sunset at which Muslims break their daytime fast during the month of Ramadan—held for foreign ambassadors in Ankara,... MORE

WALL STREET CHAOS AFFECTS TURKEY

The reverberations from the bankruptcy of Lehman Brothers investment bank after its shares dropped more than 80 percent before the September 15 opening bell on the New York Stock Exchange have thrown Wall Street into a volatile situation with worldwide echoes, and the fiscal uncertainties... MORE