MÜSİAD: EXPORTERS NEED DOLLAR AT MINIMUM 45 LIRA BY YEAR-END
Independent Industrialists' and Businessmen's Association (MÜSİAD) President Burhan Özdemir said exporters want the lira to weaken by more than 10% against the dollar.
Analysis
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Independent Industrialists' and Businessmen's Association (MÜSİAD) President Burhan Özdemir said exporters want the lira to weaken by more than 10% against the dollar.
After the Middle East, Russia is losing its standing in the Caucasus, reads the headline of the article penned by a prominent Turkish journalist who is an expert on Russian issues. The article is referring to press reports that Armenia and Azerbaijan are close to an agreement on the Zangezur corridor which will also facilitate the signing of a permanent peace agreement between the two neighbors.
The United States has imposed sanctions on 22 entities linked to a shadow banking network accused of facilitating illicit oil trade on behalf of the Iranian regime. The network operates through front companies based in Turkey, the United Arab Emirates, and Hong Kong, funneling revenue to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), the U.S. State Department announced on July 9.
The possibility the trial of imprisoned Istanbul Mayor Ekrem İmamoğlu could be televised by state broadcaster TRT has sparked rare agreement among political rivals. President Recep Tayyip Erdoğan endorsed MHP Chair Devlet Bahçeli’s call for the hearings to be aired live. Justice Minister Yılmaz Tunç also weighed in, saying that Parliament can act on the matter if there is consensus.
Turkey’s media regulator has imposed 10-day broadcast blackouts on opposition channels Halk TV and Sözcü TV, accusing them of “inciting hatred and hostility.” The decision has sparked widespread criticism and renewed concerns over press freedom in the country.
The process dubbed “Terror-Free Turkey” by the ruling alliance has reached a critical point. The PKK is expected to release its first disarmament footage in the coming days. With such symbolic images looming, both sides are warning of possible provocations, stressing the need to remain vigilant against attempts to derail the process.
The PKK is expected to lay down arms this week in a symbol that will be one of the most significant steps of the peace process dubbed “Terror-free Turkey.” Iraqi Kurdish media outlet Rudaw reported on June 30 that the group would hand over weapons as a 'gesture of goodwill.”
Presidential advisor Mehmet Uçum has weighed in on the possibility of President Recep Tayyip Erdoğan running for office again. In a post on X, Uçum said no constitutional change is required for Erdoğan to seek another term.
After the arrest of journalist and YouTuber Fatih Altaylı, one of Turkey’s most-watched commentators, millions continued to view his channel as Turkey’s media watchdog RTÜK warned him to apply for a license.
The ruling AKP and MHP chairs continued calling for a strong “domestic front,” urging the opposition not to voice objections as the Kurdish process continues.
As the dust settles from the economic shocks of the pandemic, the Ukraine war, and the breakdown of traditional supply chains, a new global order is taking shape—one where economic policy is no longer just about growth and trade but about power, resilience, and survival. Amid this transformation, Turkey stands at a crossroads: a country historically anchored to the West but increasingly drawn to non-Western alignments, and now forced to choose a direction in a fractured world.
Naci Bostancı is an academic—political scientist, sociologist, and communications scholar. He currently serves as the rector of Ankara Hacı Bayram Veli University. But that’s not the whole story. For many years, he was a member of parliament, holding senior roles within the ruling AKP. At one point, he even occupied the position of second-in-command after President Erdoğan within the party hierarchy. In the 2023 elections, he chose not to run again and returned to academia.