Keyword: Turkey
Three political risks that Turkey might be exposed to
Economic indicators in Turkey cannot bear the political risk anymore. The currency rates go up whenever President Recep Tayyip Erdoğan makes a statement. Before the elections I had warned that Erdoğan’s election victory would bring instability, but nobody believed this. There are now three major fields of conflict and uncertainty before Turkey.
Arrested Turkish TV chief writes an open letter from his jail cell
Hidayet Karaca, an executive with a leading Turkish TV network, has been in prison since 14 December last year on charges of leading a terrorist group. Karaca, general manager of the Samanyolu Broadcasting Group, was arrested along with more than two dozen senior journalists and media executives. Most were soon released.
Gülen’s lawyer: Targeting overseas Turkish educators breaks law
Nurullah Albayrak, the legal representative of Turkish Islamic scholar Fethullah Gülen, in a written statement on Wednesday spoke out against a front-page story in the pro-government Star daily that published the photos of 160 educators at Turkish schools overseas that are affiliated with the faith-based Gülen movement, saying the daily is breaking the law and violating those individuals’ human rights by depicting innocent people as criminals.
Terrorism charges against Karaca do not make sense, CHP leader says
The leader of the main opposition party has implied that the recent arrest of Hidayet Karaca, the general manager of the Samanyolu Broadcasting Group (STV), on charges of heading a terrorist organization does not make sense as there is no solid evidence against the suspect.
Why did Turkey seize Bank Asya?
In September 2014, in an address to the Turkish Industry and Business Association, Turkish President Recep Tayyip Erdogan made the following statement: “No effort is underway to cause the bankruptcy of a bank. That bank is already bankrupt. They are carrying water by hand to keep it afloat.”
Illegal raid against Bank Asya spells disaster for Turkey, says TUSKON head
“The raid on Bank Asya is a violation of the right of proprietorship and a murders the entrepreneurial spirit,” noted the president of the Confederation of Businessmen and Industrialists of Turkey (TUSKON), Rızanur Meral, in an interview with Bugün TV.
Erdoğan distorts Gülen’s NYT op-ed, says it is about Bank Asya operation
President Recep Tayyip Erdoğan has presented a distorted interpretation of an op-ed written by Islamic scholar Fethullah Gülen that was published in The New York Times, claiming the op-ed is about the takeover of the board of Islamic lender Bank Asya by Turkey’s banking watchdog.
Bank Asya faithful boost deposits after Turkey seizes lender
Bank Asya has become a battleground in the feud between Turkish President Recep Tayyip Erdogan and self-exiled, U.S.-based cleric Fethullah Gulen, a preacher whom Erdogan blames for instigating a coup attempt against him and whose followers founded the lender. Supporters of each have sought, by turn, to strengthen and weaken the bank.
Another Victim of Erdogan’s Wrath
Erdoğan’s unceasing bid to bury the bank is largely driven by his declared witch-hunt against institutions affiliated with the Gülen movement. In the latest twist to a saga, a banking watchdog ordered the state insurance fund to take over the management of the bank.
Dozens of US Congress members urge Kerry to press Turkey for freer media
A large number of members of the US Congress have voiced concerns on the recent arrest of media members in Turkey and called on Secretary of State John Kerry to press the Turkish government to secure press freedom in the country.
Bank Asya seeks immediate return of ‘hijacked’ management rights
Turkey’s largest Islamic lender, Bank Asya, is demanding that the state-run Savings Deposit Insurance Fund (TMSF) return the bank’s rights to control its management following strong indications that the fund’s decision on Tuesday to take over control of the lender’s board has no legal basis and is politically motivated.
