Turkey and China Wednesday announced a goal to boost bilateral trade from the current $24 billion to $100 billion over the next eight years as senior government officials from two of the world's fastest growing economies met in İstanbul to discuss measures to facilitate trade.
If a project has no deadline, is it really a project? What do you call a negotiation process in which the partners can't talk about key issues? These are existential times for Turkey's campaign to join the European -- an ambitious vision that has become increasingly ambiguous.
Cyprus has accused Turkey of using "bullying behaviour" in some of its harshest criticism yet of its old foe, locked in a decades-old standoff over the division of the island and recent natural gas finds.
Turkcell, the leading communications and technology company, has initiated an education campaign in the Van region, which continues to struggle with the unfolding and devastating effects of its recent earthquake, with a donation of TRY5 million.
Turkey has no plans to cut its imports of Iranian oil, remaining a rare loyal customer of Tehran despite rising pressure from international sanctions and initial signals it may buy more Saudi oil, Turkish and Saudi sources told Reuters.
Turkey’s current-account gap narrowed for the second-straight month on an annual basis in December, bolstering the government’s argument that the worst is over for a deficit that weakened the lira the most among global currencies last year.
Goldman Sach Group Inc. is no longer predicting a possible recession in Turkey, instead estimating “a more muted slowdown” in the first half before growth picks up.
Turkish banks may struggle to renew their syndicated loans this year as European banks reduce their exposure and increase capital, according to Ahmet Erelcin, managing director for HSBC Investment Services in Turkey.
A Greek sigh of relief should have been heard to the end of the world after Eurogroup’s approval of the country’s bailout program on Monday, which prevented a direct risk...
If Greece’s international creditors, the so-called troika, ultimately succeed in persuading our politicians to shrink the public sector, they will have addressed the core of the country’s problem. For the...
Many in Europe –particularly in Germany- wonder why they should continue providing financial support to a country that has failed to honor its commitments with partners and is an international...
The reduction in incomes which Greece’s new economic program brings would make sense only if we could hope that the problems of recession and the country’s excessive debt could be...
It’s a curious thing that even at this crucial moment, when the future of the country hangs in the balance, its political class cannot clearly “read” our creditors’ stance and...
We are all watching breathless the endless unpopular serial of Greece’s negotiations with the troika, wondering whether our political leaders will finally utter “Yes” or raise the flag of the...
The negotiations with Greece’s international creditors –the so-called troika- on the final details of the economic program that will accompany a second, €130 billion bailout loan seem to have developed...
If I come across the expression, “crucial next 48 hours,” again I think I am going to have a nervous breakdown. Our political leaders are bent on rattling our nerves...
Greek political leaders on Sunday put on their brave faces, in the best of patriotic traditions. They would have us believe that they were resisting the demands of Greece’s international...
The demand of Greece’s international creditors, the so-called troika, for a lowering of Greek salaries and wages is not just devoid of substance but also dangerous.
There is no doubt that the German proposal for the appointment of an economic overseer, whose main task would have been to ensure the repayment of the country’s debt, was...
Europe is regarded as the world’s ‘ethical force’. Today, however it is in danger of losing this important title because of its immoral choices in tackling the debt crisis.
Because so much has been heard and written about the PSI which not only affects us psychologically but our investment decisions as well, i.e. the equity markets, it seems important...
Whilst we all appreciate that the economic recovery is the only way to solve the problems of Greece’s deficit and debt, the Greek government is not in a position to...
As to whether it is perceived or not, certain individuals, in cooperation with the media, are attempting to destroy Papademos as ‘evil’, ‘merciless’ or even as a ‘failure’.
Αsides from negotiations concerning the private sector’s ‘voluntary’ participation in cutting Greek debt, the essence of Greece’s actual economy has been condensed into one phrase by the Troika.
The discovery that almost all the national television channel’s journalists who had been on strike for weeks, were paid in full, either because they took sick leave or because they...
After a respite of relative calm, which many associate with Papademos’ premiership and as a result, the Greek public’s raised expectations, unfortunately jeering and violence have emerged once again.
The debate on the Greek economy’s restoration came to the fore once again as it now seems inevitable that labour costs will be reduced through eliminating the 14th salary in...
Recently, the whole issueof lending – or indeed the refusal to lend funds to Greek media companies, has come to the fore – all based on the political business dealings...
If the statements hold any political value – and are in fact reliable, yesterday, Merkel, Sarkozy and Schauble (in the background) made two points clear: They want Greece to remain...
Under the pressure of the present circumstances and that of our partners and lenders and from the parties who are supposedly supporting him, the Prime Minister, Mr. Lucas Papademos has...
Sooner or later, George Papandreou, former Greek Prime Minister and President of the Socialist Party (PASOK), a man whose actions were incompetent and erratic, who probably would never have held...
In its report on the threats and dangers that our planet faces (2011 Global Risks Report), the World Economic Forum confirmed a paradox: The problems that transcend national borders and...