Economic Updates: Turkey

OBG Talks to Brent Scowcroft

Turkey | 27 Sep 2002

The following interview with Brent Scowcroft, the former National Security adviser to President George Bush and current chairman of the American-Turkish Council, will appear in the forthcoming edition of Emerging Turkey 2003, which will be released internationally on October 10th. To order the book call +90 212 677 0580/81 or +44 207 403 7213, or visit our website,

Doubts Linger Over Turkey’s EU Deadline

Turkey | 10 Sep 2002

The Turkish government is downcast by the prospect of missing a self-imposed year-end date for the start of European Union membership talks after it passed a raft of ambitious EU-demanded reforms aimed at eventual membership in the bloc. Notwithstanding Ankara's grumbling over what it sees as a double standard for NATO's only Muslim member, the EU says reforms, although encouraging, do not by themselves warrant the start of talks at a summit in Copenhagen in December.

Leftist Alliance For Polls In Doubt

Turkey | 3 Sep 2002

While Turkey's parliament recently passed a raft of ambitious reforms with disarming determination aimed at European Union membership, the run-up to the November 3rd elections is advancing along some well-tread lines, with the country's secular establishment mindful of divisions among the left and a rising conservative party with suspected Islamist links.

Dervis Finally Throws Hat in Political Ring

Turkey | 29 Aug 2002

Kemal Dervis, Turkey's most sought-after political figure, announced last week that he was joining the People's Republican Party (CHP) after long speculation as to where he might eventually land to launch his previously forsworn political career.

Reforms Progress Amid Political Uncertainty

Turkey | 20 Aug 2002

The World Bank on August 16th released $450m in structural loans to Turkey as the country tries to stick to a huge reform package designed to wrest it from its worst economic crisis since 1945 ahead of early elections scheduled for November.

Dervis Hands in Long-awaited Resignation

Turkey | 13 Aug 2002

Turkey’s Economy Minister Kemal Dervis resigned from the government on August 10th after weeks of speculation about his future in a coalition that had grown increasingly hostile to his presence in the cabinet.

Turkish Parliament Passes Key EU Reforms

Turkey | 7 Aug 2002

In an early morning session on August 3rd Turkey's Parliament passed sweeping reforms aimed at European Union membership.