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Erdoğanomics
Erdoğanomics ( Turkish: ''Erdoğanomi'') is a term used to refer to the economic policies of Recep Tayyip Erdoğan. History In 2016, when the Turkish economy was performing well, significant changes were begun in the policies of Erdoğan, where the term "Erdoğanomics" was coined. The Turkish economy began declining, although at a slower and stable rate. Following the Turkish economic crisis beginning in 2018, the Turkish economy began plummeting. Erdoğan, through his leadership of the Turkey Wealth Fund, was directly responsible for much of the economic decline, while the rest were consequences of his policies. Erdoğan personally interfered with the Central Bank of Turkey as well. Erdoğan and his supporters made the recurring excuse that foreign powers were the reason for Turkish economic failures, as well as other conspiracy theories. Despite Erdoğan and his government making reforms and promises, there was never any change as the lira continued to collapse. Erdoğan conti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recep Tayyip Erdoğan
Recep Tayyip Erdoğan (born 26 February 1954) is a Turkish politician who is the 12th and current president of Turkey since 2014. He previously served as the 25th prime minister of Turkey, prime minister from 2003 to 2014 as part of the Justice and Development Party (Turkey), Justice and Development Party (AKP), which he co-founded in 2001. He also served as mayor of Istanbul from 1994 to 1998. Coming from an Islamist background and promoting socially conservative policies, Turkey has experienced increasing authoritarianism, democratic backsliding and suppression of dissent under Erdoğan's rule. Erdoğan was born in Beyoğlu, Istanbul, and studied at the Marmara University, Aksaray Academy of Economic and Commercial Sciences, before working as a consultant and senior manager in the private sector. Becoming active in local politics, he was elected Welfare Party's Beyoğlu district chair in 1984 and Istanbul chair in 1985. Following the 1994 Istanbul mayoral election, 1994 lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Language
Turkish ( , , also known as 'Turkish of Turkey') is the most widely spoken of the Turkic languages, a member of Oghuz languages, Oghuz branch with around 90 million speakers. It is the national language of Turkey and one of two official languages of Cyprus. Significant smaller groups of Turkish speakers also exist in Germany, Austria, Bulgaria, North Macedonia, Greece, other parts of Europe, the South Caucasus, and some parts of Central Asia, Iraqi Turkmen, Iraq, and Syrian Turkmen, Syria. Turkish is the List of languages by total number of speakers, 18th-most spoken language in the world. To the west, the influence of Ottoman Turkish language, Ottoman Turkish—the variety of the Turkish language that was used as the administrative and literary language of the Ottoman Empire—spread as the Ottoman Empire expanded. In 1928, as one of Atatürk's reforms in the early years of the Republic of Turkey, the Persian alphabet, Perso-Arabic script-based Ottoman Turkish alphabet was repl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Turkey
The economy of Turkey is an Emerging market, emerging free-market economy. It ranked as the List of countries by GDP (nominal), 16th-largest in the world and List of sovereign states in Europe by GDP (nominal), 7th-largest in Europe by nominal GDP in 2025. It also ranked as the List of countries by GDP (PPP), 12th-largest in the world and 5th-largest in Europe by purchasing power parity, PPP in 2025. Turkey's 2000s Turkish economic boom, rapid economic growth since the 2000s was stranded by the Turkish economic crisis (2018–current), economic crisis in 2018, but it began to recover in 2021. Turkey's United States dollar, USD-based nominal GDP per capita and GDP-PPP per capita have eventually reached their all-time peak values in 2024. Turkey is a founding member of the OECD and G20. Ratified in 1995, the European Union–Turkey Customs Union has established a European Union Customs Union, free trade area between Turkey and the European Union, which has increased bilateral foreig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkish Economic Crisis (2018–current)
The Turkish economic crisis (), also known as Great Turkish Depression, is a Financial crisis, financial and economic crisis in economy of Turkey, Turkey. It is characterized by the Turkish lira (TRY) plunging in value, high inflation, Fisher effect, rising borrowing costs, and correspondingly rising Default (finance), loan defaults. The crisis was caused by the Turkish economy's excessive Current account (balance of payments), current account deficit and large amounts of private foreign-currency denominated debt. Some analysts also stress the leveraging effects of the geopolitical frictions with the United States. Following the detention of American pastor Andrew Brunson, who was arrested on espionage charges after the failed 2016 Turkish coup d'état attempt, the First presidency of Donald Trump, Trump administration exerted pressure towards Turkey by imposing further sanctions. The economic sanctions therefore doubled the tariffs on Turkey, as imported steel rises up to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turkey Wealth Fund
The Türkiye Wealth Fund (TWF; , TVF) is a sovereign wealth fund founded in August 2016 and owned by the Government of Turkey. As of 2023, TWF had over $317 billion in total assets. The fund is operated with a "Strategic Investment Plan", which was approved by the Council of Ministers. Companies and assets formerly owned by state institutions shall be eligible to be transferred to the fund and sub-funds shall be able to be created if viewed appropriately. History TWF was officially founded on 26 August 2016. According to the law published, the chairman, CEO and board members were appointed by the Prime Minister. In November 2016, PM Binali Yıldırım appointed board members and Mehmet Bostan as CEO. On 6 February 2017, it was announced that Ziraat Bank, Turkish Airlines, TÜRKSAT, BOTAŞ, PTT, BİST, TPAO, Türk Telekom (6.68%), Eti Maden, Çaykur had been handed over to TWF. In addition to the companies, the 3 billion liras worth Defense Industry Support Fund (Turkis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of The Republic Of Turkey
The Central Bank of the Republic of Türkiye (CBRT) () is the central bank of Turkey. Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country. The CBRT is tasked by law to achieve and maintain price and financial stability in Turkey, and has a mandate to use, by its own discretion, whichever policy instrument at its disposal to reach these objectives. Therefore, it has instrument but not goal independence. Since 2006, the CBRT follows a full-fledged inflation targeting regime.Central Bank of the Republic of Turkey Factsheet , CBRT Official Website, 2012. History of central banking in Turkey |
Izvestia
''Izvestia'' ( rus, Известия, r=Izvestiya, p=ɪzˈvʲesʲtʲɪjə, "The News") is a daily broadsheet newspaper in Russia. Founded in February 1917, ''Izvestia'', which covered foreign relations, was the organ of the Supreme Soviet of the Soviet Union, disseminating official state propaganda. It is now described as a "national newspaper" of Russia. The word ''wikt:известие#Russian, izvestiya'' in Russian means "bring news" or "tidings", "herald" (an official messenger bringing news), derived from the verb ''izveshchat'' ("to inform", "to notify"). History 1917–1991 During the Soviet period, while ''Pravda'' served as the official mouthpiece of the Communist Party of the Soviet Union, Communist Party, ''Izvestia'' expressed the official views of the Soviet government as published by the Presidium of the Supreme Soviet of the USSR. Its full name was ''Izvestija Sovjetov Narodnyh Djeputatov SSSR'' (in Russian, ''Известия Советов народных ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
