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TUSIAD Turkey Letter: 29 June 2015

Foreign Policy

  • Turkey expresses concern over ‘demographic change and terror acts’ in northern Syria
  • Turkish FM confirms talks with Israel
  • Turkey, US have differences, Chuck Hagel says
  • Turkey Likely To Soften Foreign Policy

 Economy and Energy

  • Turkish business circles in-between debt calendar and snap election fears
  • Turkey’s economic confidence index decreases by 5.4 percent
  • Turkey ranks 22nd most popular spot for foreign direct investors: Association
  • Female entrepreneurs need encouragement along with financial support

Domestic Politics

  • Turkey’s Diverse Parliament Seeks to End Political Uncertainty
  • AKP, CHP exchange first warm messages
  • Candidates ready to compete in first round for parliament speaker’s office
  • Turkish police fire pepper spray at gay pride parade

Foreign Policy

Turkey expresses concern over ‘demographic change and terror acts’ in northern Syria

Turkey’s top security board has expressed concern over “demographic changes” in northern Syria to the advantage of Syrian Kurds and “terror acts” committed by jihadists against civilians, while avoiding giving a clear indication of a coming military intervention into its southern neighbor.

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Hurriyet Daily News, June 29, 2015, Turkey expresses concern over ‘demographic change and terror acts’ in northern Syria, http://www.hurriyetdailynews.com/turkey-expresses-concern-over-demographic-change-and-terror-acts-in-northern-syria.aspx?pageID=238&nID=84732&NewsCatID=510

 

Turkish FM confirms talks with Israel

Turkish Foreign Minister Mevlüt Çavuşoğlu has confirmed ongoing talks with Israel aimed at reaching some form of rapprochement, while suggesting that undue emphasis should not be placed on the gatherings.

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Hurriyet Daily News, June 24, 2015, Turkish FM confirms talks with Israel, http://www.hurriyetdailynews.com/turkish-fm-confirms-talks-with-israel.aspx?pageID=238&nID=84470&NewsCatID=510

 

Turkey, US have differences, Chuck Hagel says

Turkey and the U.S. are good allies but they differ on particular issues, former U.S. Secretary of Defense Chuck Hagel has told Hürriyet, while commenting on regional issues.

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Hurriyet Daily News, June 29, 2015, Turkey, US have differences, Chuck Hagel says, http://www.hurriyetdailynews.com/turkey-us-have-differences-chuck-hagel-says.aspx?pageID=238&nID=84678&NewsCatID=359

 

Turkey Likely To Soften Foreign Policy

Turkey’s inconclusive June 7 parliamentary elections have not only deprived the ruling Justice and Development Party (AKP) of its parliamentary majority for the first time since 2002, but have also forced the Islamist party to review its foreign policy and security calculus, officials and analysts agree.

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Defense News, June 28, 2015, Turkey Likely To Soften Foreign Policy, http://www.defensenews.com/story/defense/policy-budget/policy/2015/06/28/turkey-foreign-policy-likely-to-soften-post-election/29288947/

 

 

Economy and Energy

Turkish business circles in-between debt calendar and snap election fears

Turkish business circles want to see the end of post-election uncertainties and express their concerns to politicians. Many of them are under huge debt burdens. Their biggest concern is the possibility of the non-establishment of any coalition government and entering a snap election period, which will both increase political risks.

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Hurriyet Daily News, June 29, 2015, Turkish business circles in-between debt calendar and snap election fears, http://www.hurriyetdailynews.com/turkish-business-circles-in-between-debt-calendar-and-snap-election-fears.aspx?pageID=238&nID=84657&NewsCatID=345

 

Turkey’s economic confidence index decreases by 5.4 percent

Economic confidence index fell by 5.4 percent to 78.66 in June, down from 83.12 in May, with confidence dropping in both the manufacturing and services sectors, according to Economic Confidence Index data released by the Turkish Statistics Institute (TÜİK) on June 29.

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Hurriyet Daily News, June 29, 2015, Turkey’s economic confidence index decreases by 5.4 percent, http://www.hurriyetdailynews.com/turkeys-economic-confidence-index-decreases-by-54-percent.aspx?pageID=238&nID=84702&NewsCatID=344

 

Turkey ranks 22nd most popular spot for foreign direct investors: Association

Foreign direct investment (FDI) into Turkey was $12.1 billion in 2014, making the country the 22nd most popular spot for investors in the world, while the country is expected take in another $12 billion this year, said Ahmet Erdem, head of the International Investors Association (YASED), in a joint meeting with the United Nation’s Conference on Trade and Development (UNCTAD) on June 24.

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Hurriyet Daily News, June 24, 2015, Turkey ranks 22nd most popular spot for foreign direct investors: Association, http://www.hurriyetdailynews.com/turkey-ranks-22nd-most-popular-spot-for-foreign-direct-investors-association.aspx?pageID=238&nID=84484&NewsCatID=345

 

Female entrepreneurs need encouragement along with financial support

Encouragement comes next to flexible credit among the requests of female entrepreneurs, according to a recent survey, which also revealed a number of interesting factors affecting women who start their own businesses in Turkey.

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Hurriyet Daily News, June 25, 2015, Female entrepreneurs need encouragement along with financial support, http://www.hurriyetdailynews.com/female-entrepreneurs-need-encouragement-along-with-financial-support.aspx?pageID=238&nID=84521&NewsCatID=345

 

Domestic Politics

Turkey’s Diverse Parliament Seeks to End Political Uncertainty

The country’s first hung parliament since 2002 convened Tuesday with a daunting challenge ahead: either form a coalition government or risk dragging the nation into early elections.

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Wall Street Journal, June 23, 2015, Turkey’s Diverse Parliament Seeks to End Political Uncertainty, http://www.wsj.com/articles/SB10323975786436414884004581065522429571108

 

AKP, CHP exchange first warm messages

Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu has vowed that his party will “not be revanchist” in the event of a coalition government with the Justice and Development Party (AKP), as hints rise that negotiations for a “grand coalition” will start in Turkey.

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Hurriyet Daily News, June 26, 2015, AKP, CHP exchange first warm messages, http://www.hurriyetdailynews.com/akp-chp-exchange-first-warm-messages.aspx?pageID=238&nID=84609&NewsCatID=338

 

Candidates ready to compete in first round for parliament speaker’s office

Hours before Turkey’s newly elected parliament was scheduled to gather on June 30 to elect a new speaker, candidates resumed visits to party leaders to seek support for their bids, while the legitimacy of one candidate was questioned and two of the four parties in parliament refused to visit each other’s candidate.

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Hurriyet Daily News, June 29, 2015, Candidates ready to compete in first round for parliament speaker’s office, http://www.hurriyetdailynews.com/candidates-ready-to-compete-in-first-round-for-parliament-speakers-office.aspx?pageID=238&nID=84717&NewsCatID=338

 

Turkish police fire pepper spray at gay pride parade

Although the gay pride parade has happened in peace for at least 13 years in Istanbul, on Sunday the parade was interrupted by police who fired pepper spray and rubber pellets at thousands when they arrived to march.

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CNN, June 29, 2015, Turkish police fire pepper spray at gay pride parade, http://www.cnn.com/2015/06/28/world/turkey-pride-parade-lgbt-violence/index.html