2101 L Street, NW Suite 800 Washington, DC

+1 (202) 776-7770 [email protected]

Turkey Letter: 23 November 2015

Foreign Policy

  • EU, Turkey Migrant Deal Still Elusive
  • S., Turkey working to finish shutting northern Syria border: Kerry
  • Turkey’s Role as Migrant Gateway Is Source of New Urgency for E.U.
  • Turkey summons Russian envoy over bombing of Turkmens in Syria: PM
  • Turkey, Northern Cyprus Locked in Dispute on Water Distribution

Economy and Energy

  • Turkish assets ease as government formation anticipated
  • ‘Reform cabinet’ to be established in Turkey: Deputy PM
  • Erdogan Calls for Lower Rates as Fed Lift-Off Expectations Grow
  • Turkey’s state-run energy company plans to invest $2.3 bln abroad in 2016
  • Doğan Holding chair named businesswoman of year

Domestic Politics

  • Turkish business leaders urge robust reform agenda to maintain economic confidence
  • Turkey Steps Up Its Fight Against Islamic State
  • Turkey’s PM hopes to form new government ‘soon’
  • Erdogan ally takes key position in Turkish parliament
  • Turkey’s main opposition leader decries appointment of trustees to big companies
  • Speaker declares Zana’s oath null and void due to ‘Turkish nation’ rewording

Foreign Policy

EU, Turkey Migrant Deal Still Elusive

The European Union and Turkey failed to conclude a deal Thursday on a joint plan to curtail the influx of migrants into Europe, officials said, but the two sides are close enough that a summit between EU and Turkish leaders could still go ahead later this month.

Wall Street Journal, EU, Turkey Migrant Deal Still Elusive, November 19, 2015


U.S., Turkey working to finish shutting northern Syria border: Kerry

U.S. Secretary of State John Kerry said on Tuesday the United States is starting an operation with Turkey to finish securing the northern Syrian border, an area that Islamic State militants have used as a lucrative smuggling route.

Reuters, U.S., Turkey working to finish shutting northern Syria border: Kerry, November 17, 2015


Turkey’s Role as Migrant Gateway Is Source of New Urgency for E.U.

The Turkish border police detained eight Moroccans in Istanbul this week after becoming suspicious that they were Islamic radicals who planned to infiltrate Europe by joining the migrant stream.

New York Times, Turkey’s Role as Migrant Gateway Is Source of New Urgency for E.U., November 18, 2015


Turkey summons Russian envoy over bombing of Turkmens in Syria: PM

Turkey has summoned Russia’s ambassador in protest over the “intensive” bombing of Turkmen villages in northern Syria by Russian warplanes, Prime Minister Ahmet Davutoglu told reporters on Friday.

Reuters, Turkey summons Russian envoy over bombing of Turkmens in Syria: PM, November 20, 2015


Turkey, Northern Cyprus Locked in Dispute on Water Distribution

Turkey is locked in a dispute with the government in northern Cyprus over the distribution of water to the island via the world’s longest undersea pipeline, officials from both sides said on Friday.

Bloomberg, Turkey, Northern Cyprus Locked in Dispute on Water Distribution, November 20, 2015


Economy and Energy

Turkish assets ease as government formation anticipated

Turkish markets dipped on Monday as investor attention focused on the prospect of a new cabinet being announced after an expected meeting between President Tayyip Erdogan and Prime Minister Ahmet Davutoglu later on November 23, 2015.

Reuters, Turkish assets ease as government formation anticipated, November 23, 2015


‘Reform cabinet’ to be established in Turkey: Deputy PM

Turkey’s new government will be a reform government so as to enable the country to attend the high-income club, Deputy Prime Minister Cevdet Yılmaz has said, adding a separate senior official position may be created to oversee the reform agenda.

Hurriyet Daily News, ‘Reform cabinet’ to be established in Turkey: Deputy PM, November 23, 2015


Erdogan Calls for Lower Rates as Fed Lift-Off Expectations Grow

Turkish President Recep Tayyip Erdogan called for even lower borrowing costs in the country, possibly setting monetary policy on a reverse course from the U.S. Federal Reserve.

Bloomberg, Erdogan Calls for Lower Rates as Fed Lift-Off Expectations Grow, November 19, 2015


Turkey’s state-run energy company plans to invest $2.3 bln abroad in 2016

Turkey’s state-run energy company, Turkish Petroleum (TP), has invested over $1 billion abroad so far and plans to invest a further $2.3 billion, said the company’s chief, adding TP’s priority was ongoing investments in the Shahdeniz fields and in Iraq.

Hurriyet Daily News, Turkey’s state-run energy company plans to invest $2.3 bln abroad in 2016, November 23, 2015


Doğan Holding chair named businesswoman of year

Doğan Holding Chairwoman Begümhan Doğan Faralyalı has been named businesswoman of the year at the Bosphorus Business World Awards.

Hurriyet Daily News, Doğan Holding chair named businesswoman of year, November 17, 2015


Domestic Politics

Turkish business leaders urge robust reform agenda to maintain economic confidence

Turkish Industry and Business Association (TÜSİAD) head Cansen Başaran-Symes said Turkey had the capacity to distinguish itself in a positive manner, despite all negative conditions in the world economy, if it makes the required judicial reforms.

Hurriyet Daily News, Turkish business leaders urge robust reform agenda to maintain economic confidence, November 22, 2015


Turkey’s PM hopes to form new government ‘soon’

Turkey’s prime minister has denied reports of a disagreement with President Recep Tayyip Erdogan over a list of Cabinet ministers and said he hopes a new government will be formed soon.

Associated Press, Turkey’s PM hopes to form new government ‘soon’, November 20, 2015


Turkey Steps Up Its Fight Against Islamic State

Turkey captured a high-ranking Islamic State operative from Britain a day before the Paris attacks and intercepted several suspected Moroccan terrorists right after, as it seeks to showcase its role in fighting extremists crisscrossing Europe and the Middle East.

Wall Street Journal, Turkey Steps Up Its Fight Against Islamic State, November 20, 2015


Erdogan ally takes key position in Turkish parliament

A close ally of President Tayyip Erdogan, who will look to parliament for support to expand the powers of the presidency, was elected assembly speaker on Sunday.

Reuters, Erdogan ally takes key position in Turkish parliament, November 22, 2015


Turkey’s main opposition leader decries appointment of trustees to big companies

Main opposition leader of Turkey is concerned about the negative impact of appointing trustees to private companies in terms of democracy and economic development and President Recep Tayyip Erdoğan’s personal hostility towards the movement of U.S.-based Islamic scholar Fethullah Gülen.

Hurriyet Daily News, Turkey’s main opposition leader decries appointment of trustees to big companies, November 20, 2015


Speaker declares Zana’s oath null and void due to ‘Turkish nation’ rewording

Speaker of the Turkish parliament has declared an oath taken by a leading Kurdish politician null and void due to the latter’s rewording of the oath. Leyla Zana, Ağrı, deputy of the Peoples’ Democratic Party (HDP), used the phrase “the great Turkey nation” instead of “the great Turkish nation.”

Hurriyet Daily News, Speaker declares Zana’s oath null and void due to ‘Turkish nation’ rewording, November 17, 2015