News Column

Turkish Press Review

June 25, 2014



Wednesday's dailies focused on the Turkish prime minister's remarks on naming their presidential candidate next week; reactions to Turkish central bank's cut on interest rates and a new reform package.

Anadolu Agency does not verify these stories and does not vouch for their accuracy.

Today's Turkish newspapers featured the news that Turkey's Prime Minister Recep Tayyip Erdogan made public that his ruling Justice and Development (AK) Party nominee for the presidential election will be revealed on July 1. HABERTURK quoted Erdogan saying, "The elected government and elected president will run the country together."

HURRIYET DAILY NEWS runs with the headline "AKP sets date to name presidential candidate," quoting Erdogan "The presidency will no longer be a ceremonial post. The distance between the state and the people will be removed, they will embrace each other."

The August voting will be the first time in Turkey that a president is elected by direct popular vote.

Some newspapers covered Turkey's central bank's cuts on interest rates.

YENISAFAK reports that the central bank cut the benchmark interest rate from 9.5 percent to 8.75 percent after Erdogan criticized the bank for maintaining high interest rates which could impact economic growth.  

SABAH reports that the central bank's cut is not sufficient. The newspaper reported that the government and the commercial sector reacted to the central bank's decision to raise interest rates to a record high in January, setting the lending rate at 12 percent from 7.75 percent.

The front page of today's HURRIYET reads "Kurdish package (reform) at the last minute." The newspaper reported that the expected seven-item new reform package will be legalized just before Turkish parliament's recession on July 6. The newspaper claimed that the new reform package will give 'statutory guarantee' to the public officials who took part in Turkey's 'solution process' which began early last year with a ceasefire between the Turkish government and the outlawed PKK terrorist organization. The government pledged democratic reforms to empower minorities, particularly the Kurdish people - by far the largest minority representing 18 percent of the population.  

ww.aa.com.tr/en

 


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Anadolu Agency (Turkey)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters