Former president Abdullah Gül said that Turkey urgently needs to get out of the atmosphere that supports the logic of a party-state, adding that Turkish economy is "still standing" thanks to the structural transformation in the first five years of the AKP. He noted that policies that overlap with the people's wills and that generate solutions, happiness and welfare need to be put forward.
Opposition İYİ Party leader Meral Akşener has slammed President Recep Tayyip Erdoğan's financial policies, accusing him of personally being responsible for the worst decade of Turkish unemployment in the country's history. The opposition leader also criticized the Turkish Statistical Institute (TÜİK) for narrowly defining unemployment, only to count individuals who made job applications in the last four weeks.
Turkey's central bank said on June 19 it had used a funding facility for Chinese yuan for the first time under a prior swap agreement with the People's Bank of China. It added that the move would strengthen cooperation between Turkey and China, and that commercial banks would be able to add products related to trade and financial activities with a strategy based on the swap agreement.
The Swedish telecommunications company Telia has announced that it is engaging in negotiations to sell its 47 percent stake in Turkey's major mobile operator Turkcell to the Turkey Wealth Fund (TVF). The stake is planned to be sold for $530 million. Turkcell Holding is owned by Telia and two other companies, and the holding controls 51 percent of Turkcell's shares.
Islamist Felicity Party leader shares video about Turkish economy featuring title song from ‘Titanic’
Islamist Felicity Party (Saadet) leader Temel Karamollaoğlu shared a video with key economic statistics about Turkey, featuring a badly played version of "My Heart Will Go On." The leader said that it wasn't "the music that's annoying, it was the numbers!" The leader's tweet is most likely a reference to Turkey's latest official labor data, which displayed huge inconsistencies.
Davutoğlu stresses need for new Public Procurement Law due to favoritism in contract award processes
Future Party leader Ahmet Davutoğlu has said that during his term as prime minister, he attempted to have the Public Procurement Law changed to promote transparency and to halt cronyism and favoritism, but his efforts turned futile. "In the absence of democracy, oligarchies form. In Turkey, public resources are channeled to only certain fractions of society,” Davutoğlu said.
Turkey must restore its economic credibility if it hopes to secure needed foreign funding and return to growth, said President Recep Tayyip Erdoğan’s former economy czar who recently broke away and founded his own party. “Turkey must find that forex soon” but it needs to “reinstate the reputation and confidence in its economy management first,” Ali Babacan said.
Consumer prices in Turkey rose in May compared to the same month last year, the country's statistical authority said on June 3. According to the TÜİK data, the lowest annual increase in inflation was 2.98 percent in communication. Larger rises were seen in alcoholic beverages and tobacco with 21.41 percent.
Turkish Treasury and Finance Minister Berat Albayrak has said that Turkey is waging a struggle for political and economic independence, as he commented on the economic situation of the country amid the coronavirus (COVID-19) pandemic. According to the minister, Turkey is one of the countries that were the least affected by the pandemic in terms of employment and growth.
Finance Minister Berat Albayrak said that it will not be easy to import goods apart from those considered essential during the coronavirus pandemic, which has battered the economy of Turkey and its trading partners. He added that the amount of support credit funds that have been distributed in Turkey due to the pandemic has reached the 252 billion TL mark.
42 percent of Turkish people believe the economy will be stronger next year. What is more, those who couldn’t even pay the minimum amount of their credit card bills last month, 58 percent believed that the economic situation would improve next year. Unfortunately, there is a misguided feeling of optimism around.
Felicity Party leader Temel Karamollaoğlu has accused the ruling Justice and Development Party (AKP) of planning to rig the next elections. "I'm saying that they will rig the elections. Understand it as you please. They'll intervene in the number of votes, because they did so in the past. They killed people near ballot boxes," he said, referring to the killing of two Felicity Party members during March 31, 2019 local elections.
One third of the young opposition voters in Turkey support the pro-Kurdish Peoples' Democratic Party (HDP), according to a poll conducted by the Eurasia Public Opinion Research Center (AKAM). While the total votes of the HDP rally around 11 percent, some 35 percent of the youth said that they would vote for it. AKAM chair Kemal Özkiraz said that three fourth of the youth who recently became voters prefer opposition parties, adding that they are not affected by the "slanders" aimed at the said parties.
The swap deal limit between the central banks of Turkey and Qatar has been amended to $15 billion equivalent of Turkish lira and Qatari riyal. According to a statement from the Turkish Central Bank on May 20, the move aims to facilitate bilateral trade in respective local currencies and to support financial stability of the two countries.
Turkey's swap negotiations with many countries are continuing and reports of deals reached with Japan and the United Kingdom are not true, state-run Anadolu Agency cited Treasury and Finance Ministry officials as saying on May 19. Turkey has been in talks to establish swap lines with members of G20, with more than one swap line possible, the country's Treasury and Finance Minister Berat Albayrak said early May.