Turkey

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Account deficit narrows on revenues in services – July 12th 2012 Turkey’s current account deficit dropped by 25.9 percent year-on-year to $5.8 billion in May, according to the Central Bank’s monthly report. The significant fall in the deficit, which was slightly above market expectations, was supported by an increase in services sector surplus. The main… » read more

Posted by cem

Prologue: Sting wrote in 1987 (great song and great bass): “If we seek solace in the prisons of the distant past Security in human systems we’re told will always always always last Emotions are the sail and blind faith is the mast Without the breath of real freedom we’re getting nowhere fast If God is… » read more

Posted by cem

Bağış: “Why Turkey is still being ostracized?” – July 16th 2012 Very good article. It’s useful to highlight this: the Turks are not “true” Muslims according to the Arabs whereas they are not “true” Europeans according to the Europeans. So who are the Turks? Where do they live? Well I think that I’ve discovered a… » read more

Posted by cem

Turkey on verge of becoming major power, gas market – July 11th 2012 I quote the whole article: “Turkey is likely to overtake Britain as Europe’s third-biggest electricity consumer within a decade and become an energy trading hub, capitalizing on its booming population and economy as well as its proximity to cheap natural gas resources.… » read more

Posted by cem

Gul: “We will not swallow it at all” – June 27th 2012 President Abdullah Gül responded to reporters’ questions after a press conference he held along with Serbian President Tomislav Nikolic as part of the 20th Anniversary Summit of the Organization of the Black Sea Economic Cooperation (BSEC) yesterday. In reply to a question whether… » read more

Posted by cem