Economy
Turkey is looking at ways to protect trade ties from the coronavirus fallout and cooperation is key, President Recep Tayyip Erdoğan told Turkic Council Summit on April 10. "Turkey is at war with an unseen enemy, and the Turkic Council Summit will help strengthen our hand in the fight with COVID-19. We are facing a global socioeconomic crisis along with the pandemic," he said.
Turkish clothing retailer Koton promoted a parking garage employee to chairman of the board. The financially struggling company had closed down five Istanbul stores in February.
A legislation prepared by the ruling AKP bans layoffs but also gives employers the right to put their employees on unpaid leave during the coronavirus pandemic. Employees on unpaid leave are paid 39.24 liras ($5.79) per day by the Unemployment Insurance Fund.
While some 63 percent of Turkey's internet users also shop online, that may have become a risky choice during the COVID-19 outbreak, experts warn. Users should prefer the 3D payment method that requests a second form of confirmation in addition to payment methods, experts recommend.
Coronavirus concerns have pushed Turkish customers to make the switch to using contactless payment. The data show that the number of contactless payments made through credit and debit cards tripled in March, compared to the same month of last year. Contactless payments do not require purchasers to insert their cards into payment machines; instead they hold their cards over the terminal.
Lemon exports will require government approval until August 31, 2020, Turkey’s Official Gazette said April 7. The citrus fruit has become highly in-demand during the COVID-19 outbreak as consumers have hoarded the traditional Turkish alcohol-based lemon-scented cologne.
Turkey's Treasury on April 6 borrowed 12.6 billion Turkish liras (approximately $1.86 billion) from domestic markets, by selling 14-month government bonds and eight-year CPI indexed government bonds at two separate auctions.
Douglas Winslow from Fitch said that Turkey's economy will catch up with its sustainable trend of growth next year. "In the first quarter of this year economic growth had accelerated to above 6%. We now anticipate a very sharp contraction in the second quarter, flatter growth in the third quarter and then recovery in the fourth quarter, as activities begin to normalize after the partial lockdown," he said.
According to a report prepared by the CHP, over 5 million people were left either temporarily or permanently unemployed amid the coronavirus (COVID-19) pandemic .Some 144,690 workplaces were temporarily closed as part of the measures to curb the spread of the pandemic, resulting in a significant increase in the number of people unemployed, the main opposition said.
Turkey's Central Bank has become the largest gold purchaser in the world in January and February of this year, with 41 tons of gold. Turkey was followed by Russia (19 tons), the United Arab Emirates (5.9 tons), Kazakhstan (2.8 tons) and Mongolia (1 ton).
CHP Ankara deputy Tekin Bingöl has accused the AKP of wasting 495 billion Turkish Liras collected from several resources. “This money belongs to the public,” Bingöl told daily Sözcü on April 2. According to the deputy, some 28 billion liras collected in the Unemployment Fund was not given to those unemployed, but was transferred elsewhere instead.
Turkey's exports are expected to drop around 17% in March, as the coronavirus (COVID-19) pandemic leads to a decline in trade with some of its biggest partners, Trade Minister Ruhsar Pekcan said on April 1. Pekcan also said that exports to Iran declined by 82%, those to Iraq by 48%, to France by 32.5% and to Germany by 14%.
Turkish Trade Ministry has made a number of changes in the customs processes, making bringing gold from abroad easier. The move aimed to prevent the loss of time and money that stemmed from the gold being analyzed in a laboratory.
Turkey's economy will face a “sharp” contraction in the second quarter of 2020 amid coronavirus outbreak, according to Douglas Winslow, primary analyst on Turkey and director of the Sovereign Group at Fitch Ratings, in London.
Turkey's Central Bank provided more stimulus for the financial sector and economy on March 31, saying it would ramp up government debt buying and offer new pools of cheap funding to stem the fallout from a growing coronavirus outbreak. The Central Bank also extended 60 billion lira ($9 billion) worth of rediscount credits and added more lending options well below its 9.75% policy rate. It said the moves would provide much needed credit to companies and liquidity to government debt markets.
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Musa Özuğurlu writes: Russia, by any means, wishes to see al-Assad in power at least for another term. It is trying quite unattainable formulas to make it possible for Muslim Brotherhood to return to Damascus after so many years. Let us see whether or not these attempts will bring the political transition and thus relief to Syria?
duvar englis podcasts
In this edition of Turkey: The Long View, Duvar English columnist Luke Frostick is joined by the president of P.E.N. Turkey, an international organization dedicated to protecting the rights of writers around the world.
Politics
Germany will keep reviewing travel advice for Turkey, Foreign Minister Heiko Maas told his Turkish counterpart Mevlüt Çavuşoğlu on July 2, saying any decisions were coordinated with the EU and based on reliable data on infections and the health situation. Earlier, Turkey said that it is disappointed by the European Union's decision to exclude it from the list of countries recommended for non-essential travel.
Turkey's flagship carrier is planning to cut pilots' wages in half, lowering other paychecks and possibly restructure their payment scheme, a union representative told Bloomberg. Turkish Airlines paused commercial flights for about three months during the pandemic.
Turkey is remembering victims of the Sivas Massacre, which took place when a large group of radical Islamists set the Madımak Hotel in the Central Anatolian province of Sivas on fire on July 2, 1993, killing 33 intellectuals and two hotel personnel, on 27th anniversary. Also on July 2, a parliamentary inquiry to reveal the perpetrators of the Sivas Massacre was rejected by lawmakers of the AKP, MHP and the İYİ Party.
A Turkish court on July 2 heard a case about converting Istanbul's sixth century Hagia Sophia back into a mosque and will announce its verdict within 15 days, a lawyer said, on an issue which has drawn international expressions of concern. Greece said Turkey risked opening up "a huge emotional chasm" with Christian countries if it pressed ahead with the proposal to convert Hagia Sophia into a mosque.
Turkey has carried out the largest anti-narcotics operation in its history, Interior Minister Süleyman Soylu said on June 30, adding that it was conducted in cooperation with nine countries. "Traffic worth 500 million liras was prevented. It was the biggest operation in Turkey's history in terms of preventing income from drugs and crime," Soylu said.
Austria pledged on June 29 to find out who was behind clashes between Kurdish and Turkish protesters in the Austrian capital last week. "Austria's ambassador to Ankara will be invited to our ministry and informed of our concern," the Turkish Foreign Ministry said, accusing Austrian security forces of meting out "harsh" treatment to the Turkish protesters.
Turkey shut down a total of 119 media outlets following the July 15, 2016 failed coup attempt, Vice President Fuat Oktay said in response to a parliamentary question submitted by Peoples' Democratic Party (HDP) deputy Muazzez Orhan. A total of 53 newspapers, 20 magazines, 16 TV channels, 24 radio stations and six news agencies were shut down with state of emergency decrees.
A lawyer from Van Bar Association Migration and Asylum Commission said that the death toll in the migrant boat accident in Lake Van is unknown. "Unfortunately we don't have enough information about the boat that sank in Van Lake over the weekend. The Van Bar Association hasn't received a public defender request for the boat yet."
Turkish authorities arrested one person and detained 11 others for insulting Treasury and Finance Minister Berat Albayrak's family through their social media posts, state-run Anadolu Agency said on July 1. The suspects face charges of "insulting a public official," the agency said.
The Dutch Minister of Infrastructure Cora van Nieuwenhuizen has called on citizens of Turkish descent not to visit Turkey unless it is "mandatory," saying holidays or family visits are not essential. "Going to a country on the orange list is irresponsible and is an anti-social behavior," Nieuwenhuizen said. Netherlands’ coronavirus travel advice for Turkey currently stands at ‘orange’: travel only if absolutely essential.
The Turkish Competition Authority has launched a probe into German automotive giants Audi, Porsche, Volkswagen, Mercedes-Benz and BMW. The authority's announcement on July 1 came as Volkswagen AG canceled plans to build a car factory in Turkey after the coronavirus pandemic jolted auto markets.
Russian President Vladimir Putin told his counterparts from Turkey and Iran on July 1 that there was a need for peaceful dialogue between the opposing forces in Syrian war. "An inclusive inter-Syrian dialogue should be actively promoted within the framework of the constitutional committee in Geneva. I propose to support this process, to help the participants to meet and start a direct dialogue," Putin said.
Turkey's media watchdog issued a five-day blackout to two news broadcasters that are critical of the government. Both broadcasters will lose their licenses if they receive another broadcast interruption fine.
Turkish Deputy Parliament Speaker and main opposition Republican People's Party (CHP) deputy Levent Gök broke a world record on running the longest uninterrupted session in a national parliament with eight hours and 13 minutes.
Turkey's ambassador to France İsmail Hakkı Musa said on July 1 that Paris had informed NATO it was suspending its involvement in a naval operation in the Mediterranean after a probe into an incident between French and Turkish warships did not back Paris' claims. "I had the information yesterday, it seems that the Courbet is withdrawing from this NATO exercise," he said.
The wife of an inmate diagnosed with cancer and coronavirus has urged the ruling Justice and Development Party (AKP) to release her husband. "This means he has been abandoned to die. I am calling upon the public, the Presidency, and the Ministry of Health: Release my husband right away. There are thousands of [coronavirus] patients in jail, their voices must be heard. People are coming face to face with death at the moment,” she said.
A new testing center in Istanbul Airport will offer all passengers COVID-19 tests for 110 Turkish Liras each (about $16). The center's capacity is an hourly 2,000.
Professor Haluk Savaş who was known for his resistance against Ankara's state of emergency decrees died on June 30. Savaş had been removed from his post at a university with a state of emergency decree and was refused a passport to travel abroad for cancer treatment.
Germany's Federal Constitutional Court has ruled that it was unconstitutional for police to remove posters of the Syrian Kurdish People's Protection Units (YPG) that Left Party deputy Michel Brandt hung in his office prior to a visit to the Bundestag by President Recep Tayyip Erdoğan in 2018.
Turkish President Recep Tayyip Erdoğan signed off on a new university because of a mistake in an executive order, which then got published in the official gazette. The gazette published a correction the next day, saying the correct word was "faculty" and not "university."
The United States will continue working with Turkish companies producing some parts of F-35 fighter jets until 2022, Turkey's state-owned Anadolu agency quoted a Pentagon spokeswoman as saying on July 1. "Our industry partners will carry out the continuing contracts," she said, adding the Pentagon was still looking for alternatives to Turkey.
Economy
Positive developments in COVID-19 vaccine studies have stopped the steady increase in gold prices. Pharmaceutical giant Pfizer said on July 1 that their vaccines were effective in increasing recipients' antibodies.
New regulation concerning online and digital banking services will ban bank representatives from asking about users' ID information to confirm their identities. Representatives will instead be asking about digital ID informations and PIN numbers.
Turkey's Trade Ministry legalized 18 installments for touristic spending to incentivize consumers. The new legal installment limit will be applicable to travel agencies, airlines and hotels.
Broadly defined unemployment in Turkey has reached 39 percent according to the Confederation of Progressive Trade Unions of Turkey (DİSK). The union disputed recently revealed official unemployment rate of 13.2 percent. DİSK claimed that only those looking for a job for a period of four weeks as unemployed were reflected in the official numbers.
Turkish Treasury and Finance Minister Berat Albayrak has announced that the Central Bank will provide a credit of up to 400 million Turkish liras ($59 million) with a maximum maturity of 10 years to companies which support exports and reduce imports.
Urban Beat
The United States' National Aeronautics and Space Administration (NASA) likened railroads and highways in Turkey's capital Ankara to arteries in an eagle-eye shot of the city at night, dubbed "photo of the day" on June 28.
Istanbul Mayor Ekrem İmamoğlu on June 25 announced that the municipality purchased a portrait of Ottoman Sultan Mehmet II at a London auction. According to the London-based world-famous Christie's auction house, the municipality's winning bid amounted to £770,000 ($955,000) for the oil painting, which is believed to be the work of Italian painter Gentile Bellini in 1480.
Turkey's Culture and Tourism Ministry will be turning the iconic Galata Tower into a museum. The ministry will also launch a "culture route" that spans from the tower, along Istiklal Avenue and to Taksim Square. Minister Ersoy also said that the construction of the AKM would be completed within a month, ongoing since February 2019.
Turkey's first mass event after the COVID-19 pandemic brought together 50 ambassadors and their families, press and businessmen together in Mediterranean Antalya's Aspendos Theater. The concert was performed by Turkey's seven tenors, accompanied by the Antalya Opera and Ballet's orchestra.
Istanbul's 28th LGBTI+ Pride week started on June 22 with a week-long schedule, entirely planned online. After having been banned for the past five years, the Pride march will also be carried out digitally this year. The theme of the Pride week is "Where am I?" focusing on safe spaces for queers during the COVID-19 pandemic and immigration.