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TUSIAD Turkey Letter: 28 June 2014

This week:

Foreign Policy

  • Turkey intensifies efforts for lasting truce supplying aid to Gaza
  • TÜSİAD boss Dincer backs PM Erdogan Criticism of UN
  • Egypt Warns Turkey of worsening ties

Domestic Politics

  • 67 Police officers detained in parallel state probe in Turkey
  • Erdoğan to be ‘active’ Turkish president: Deputy PM

Economy & Energy

  • Turkey approves environmental report for south stream pipeline
  • Turkish trade gap narrows less than expected on Iraqi tumult
  • Turkish central bank signals more rate cuts upbeat on economy

Foreign Policy

Turkey intensifies efforts for lasting truce supplying aid to Gaza

Turkey has intensified its efforts to produce a lasting cease-fire between Hamas and Israel and to open transportation channels to supply humanitarian aid to Gaza.

Ankara will send 17 tons of medication to Gaza, in a fresh development that followed rare dialogue between Turkey and Israel.
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Hurriyet Daily News, 28 July 2014, Turkey intensifies efforts for lasting truce supplying aid to Gaza

TÜSİAD boss Dincer backs PM Erdogan Criticism of UN

Turkish Industry and Business Association (TÜSİAD) Chairman Haluk Dinçer has submitted a letter to the prime minister, expressing support for Erdogan’s criticism of the United Nations for its “inaction” in preventing atrocities committed across the world.
~~~
Hurriyet Daily News, 23 July 2014, TÜSİAD boss Dinçer backs PM Erdogan Criticism of UN

Egypt Warns Turkey of worsening ties

Egypt’s Foreign Ministry on July 26 condemned Turkey’s prime minister for calling Egyptian President Abdel-Fattah al-Sisi a “tyrant,” warning already sour relations between the two countries could worsen.
~~~
Hurriyet Daily News, 26 July 2014, Egypt Warns Turkey of worsening ties

Domestic Politics

67 Police officers detained in parallel state probe in Turkey

Dozens of high-ranking police officials were detained in simultaneous operations conducted in 22 provinces Turkey early July 22, as part of an investigation into accusations against the “parallel state.”
~~~
Hurriyet Daily News, 22 July 2014, 67 Police officers detained in parallel state probe in Turkey

Erdoğan to be ‘active’ Turkish president: Deputy PM

Prime Minister Recep Tayyip Erdoğan will be an “active” head of state if he wins the presidential election in August and will play a particularly strong role in foreign policy, stated Deputy Prime Minister Bülent Arınç.
~~~
Hurriyet Daily News, 25 July 2014, Erdoğan to be active Turkish president: deputy pm

Economy & Energy

Turkey approves environmental report for south stream pipeline

The Turkish Environment and Urbanization Ministry has given the green light to the Environmental Impact Assessment report for the section of the South Stream Offshore Pipeline that will cross the country.

The report concluded that the project, which will carry natural gas from Russia to Europe, is not expected to have any significant impact on the marine environment or fisheries in its Turkish section.
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Hurriyet Daily News, 24 July 2014, Turkey approves environmental report for south stream pipeline

Turkish trade gap narrows less than expected on Iraqi tumult

Turkey’s foreign trade deficit continued to contract in June, albeit at a slower-than-expected pace, due to a massive blow to Iraqi exports after an Islamic militant offensive.

The country’s trade deficit narrowed by 8.8 percent to $7.85 billion, but failed to meet market expectations that were hovering around $7.1 billion.
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Hurriyet Daily News, 25 July 2014, Turkish trade gap narrows less than expected on Iraqi tumult

Turkish central bank signals more rate cuts upbeat on economy

Turkey’s Central Bank has signaled that it will continue “measured” reductions in interest rates, while preserving its year-end inflation forecast at 7.6 percent, pumping an optimism boost to markets and raising the demand for stocks.
~~~
Hurriyet Daily News, 24 July 2014, Turkish central bank signals more rate cuts upbeat on economy