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Turkey Letter: March 6, 2018 

Foreign Policy:

  • Turkey pledges to meet NATO’s 2 percent defense spending guideline by 2024
  • Turkey promising in women’s rights but must lift barriers: UN representative
  • Turkey asks Germany to arrest and extradite former PYD co-chair Salih Muslim
  • Turkish airstrike kills pro-government gunmen in north Syria

Economy and Energy:

  • Uncontrolled growth in malls is killing merchants in Turkey: Confederation
  • Oil sector needs 2020 investment vision to meet demand
  • Turkish Bridge Project Attracts $2.8 Billion From Lenders
  • Turkey’s Richest Man Is Trying to Renegotiate $7 Billion in Debt

Domestic Politics:

  • Turkish top business body’s research finds TV series reinforce gender stereotypes
  • Turkey riot police break up women’s rights march in Ankara
  • Police foil ISIL attack plot on US Embassy in Ankara
  • Turkey presses ahead with crackdown on Gulen network

Foreign Policy:

Turkey pledges to meet NATO’s 2 percent defense spending guideline by 2024 

Turkey is among the 15 NATO members to meet the alliance’s guideline to spend at least 2 percent of its total GDP on defense by 2024. According to a diplomat from one of Turkey’s NATO allies, if Ankara ultimately opts to buy the Russian S-400 anti-missile defense systems then it will easily meet this target, but as the system will not be interoperable with the NATO air defense network it will not help Turkey in terms of capacity.

Hürriyet Daily News, Turkey pledges to meet NATO’s 2 percent defense spending guideline by 2024  , March 5, 2018


Turkey promising in women’s rights but must lift barriers: UN representative 

Turkey was number one in 2017 for the number of companies signing up to the U.N.’s Women Empowerment Principles, according to Alia El-Yassir, who is the UN Women Regional Director for Europe and Central Asia and Representative to Turkey.

Hürriyet Daily News, Turkey promising in women’s rights but must lift barriers: UN representative  , March 5, 2018


Turkey asks Germany to arrest and extradite former PYD co-chair Salih Muslim

Turkey has officially demanded the temporary arrest and extradition of former Syrian Kurdish Democratic Union Party (PYD) co-chair Salih Muslim from Germany, state-run Anadolu Agency reported on March 5.

Hürriyet Daily News, Turkey asks Germany to arrest and extradite former PYD co-chair Salih Muslim, March 5, 2018


Turkish airstrike kills pro-government gunmen in north Syria

Turkey’s air force hit two positions of pro-government Syrian fighters deployed last week in the Kurdish enclave of Afrin, killing and wounding a number of fighters in an escalation of violence in a region where Turkey has been on the offensive for more than a month, Syrian activists said Friday, March 2.

The Washington Post, Turkish airstrike kills pro-government gunmen in north Syria, March 2, 2018


Economy and Energy:

Uncontrolled growth in malls is killing merchants in Turkey: Confederation

The rapid and uncontrolled growth in shopping malls in Turkey over the past few years has severely hit merchants and tradesmen, the head of a leading confederation has said.

Hürriyet Daily News, Uncontrolled growth in malls is killing merchants in Turkey: Confederation, March 5, 2018


Oil sector needs 2020 investment vision to meet demand

The oil industry needs to quickly step up investment to meet rising demand as the booming US shale sector will only be able to quench the global thirst for crude for the next two years, the International Energy Agency said on March 5.

Hürriyet Daily News, Oil sector needs 2020 investment vision to meet demand, March 5, 2018


Turkish Bridge Project Attracts $2.8 Billion From Lenders

A consortium of South Korean and Turkish construction firms are raising 2.3 billion euros ($2.8 billion) from a group of about 20 banks and an export credit agency to build a suspension bridge and toll roads in western Turkey, people familiar with the matter said.

Bloomberg, Turkish Bridge Project Attracts $2.8 Billion From Lenders, March 1, 2018


Turkey’s Richest Man Is Trying to Renegotiate $7 Billion in Debt

Murat Ulker, Turkey’s richest man and owner of Godiva chocolates and McVitie’s biscuits, said he met with five bank bosses to renegotiate as much as $7 billion of debt for his company Yildiz Holding AS.

Bloomberg, Turkey’s Richest Man Is Trying to Renegotiate $7 Billion in Debt, March 1, 2018


Domestic Politics:

Turkish top business body’s research finds TV series reinforce gender stereotypes

Turkey’s top business body has initiated a project that aims to encourage shareholders to promote gender equality in TV series, a tool considered effective in reaching the society, amid a research finding that most television shows reinforce gender stereotypes.

Hürriyet Daily News, Turkish top business body’s research finds TV series reinforce gender stereotypes, March 5, 2018


Turkey riot police break up women’s rights march in Ankara 

Police on March 4 fired tear gas to break up a women’s rights march in the capital Ankara, with some 15 protesters reportedly detained. The protesters, mainly from the Ankara Women’s Platform, an NGO promoting women’s rights, had gathered in the center of the city for the rally, called ahead of International Women’s Day on March 8.

Hürriyet Daily News, Turkey riot police break up women’s rights march in Ankara  , March 5, 2018


Police foil ISIL attack plot on US Embassy in Ankara

Turkish police foiled a planned Islamic State of Iraq and the Levant (ISIL) attack on the U.S. Embassy in Ankara on March 5, detaining suspects in the capital Ankara and the Black Sea province of Samsun.

Hürriyet Daily News, Police foil ISIL attack plot on US Embassy in Ankara, March 5, 2018


Turkey presses ahead with crackdown on Gulen network

Turkey’s state-run news agency says prosecutors have issued warrants for the detention of more than 150 military officers, teachers and trade unionists, as authorities press ahead with a clampdown against a network led by U.S.-based cleric Fethullah Gulen.

The Washington Post, Turkey presses ahead with crackdown on Gulen network, March 2, 2018