ONE NATION, TWO STATES, GROWING DISTANCE
For decades, Turkish foreign policy in the Caucasus rested on a single, unshakeable motto set by former Azerbaijani President Heydar Aliyev: 'One nation, two states.'
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
For decades, Turkish foreign policy in the Caucasus rested on a single, unshakeable motto set by former Azerbaijani President Heydar Aliyev: 'One nation, two states.'
Foreign Minister Hakan Fidan hosted Justice Minister Akın Gürlek in Ankara on Oct. 13. The Foreign Ministry announced the meeting.
Foreign direct investment (FDI) inflows fell 35% year-over-year in the first eight months of 2026 to $6.8 billion from $10.5 billion recorded during the same period in 2025, according to data released by the International Investors Association (YASED).
The central bank’s reliance on foreign exchange swaps has dropped sharply, marking a structural improvement in the quality of the bank’s international reserves.
Statements attributed to Central Bank Governor Fatih Karahan during IMF and World Bank meetings in Bangkok sparked debate over foreign exchange policy, prompting a direct denial from a top market economist who attended the session.
Speculation is growing that the long-delayed crackdown on the fund crisis is tied to a power struggle in the AKP that includes Justice Minister Akın Gürlek and Foreign Minister Hakan Fidan.
Foreign and domestic infrastructure companies are showing interest in the upcoming highway and Bosphorus bridge privatizations. French operator Egis is reportedly emerging as a leading contender for the 30-year operating rights.
Foreign Minister Hakan Fidan completed a two-day visit to Syria, where he discussed preparations for a visit by President Recep Tayyip Erdoğan to Damascus.
“In an age when artificial intelligence does data analysis,” Foreign Minister Hakan Fidan asked assembled ambassadors at the 2025 Ambassadors Conference in December, “is there still such a need for the classical diplomat and for classical diplomacy?”
Fliggy, Chinese tech giant Alibaba’s travel platform, is preparing to enter the Turkish market as parliament considers new legislation to regulate foreign digital booking platforms.
Joel Lion, an ultra-Orthodox rabbi and close associate of Foreign Minister Gideon Sa'ar, presented his credentials in Ankara on Sept. 9 and left the same day after attending a US Independence Day reception.
Foreign Minister Hakan Fidan welcomed the dissolution of the Syrian Democratic Forces (SDF), expressing satisfaction while emphasizing the need to verify implementation on the ground.