Turkey is currently grappling with a series of destabilizing events, ranging from ongoing protests and economic challenges to intriguing archaeological endeavors. Citizens are taking to the streets, expressing dissent a month after the Istanbul mayor’s detention, resulting in over 1,000 arrests, including nine journalists.
Economic Challenges
Economically, the nation faces headwinds as business activity contracts. Recent data indicates a surge in house prices over the last eight months, even as fewer firms are launching and more are shutting down. In response to mounting political turmoil and global tariffs, the Turkish Central Bank has aggressively hiked its key interest rate to 46%.
International Relations
On the international stage, Turkish Foreign Minister Fidan is set to visit Algeria for strategic talks. Meanwhile, Turkey remains vigilant, monitoring a Syrian government deal with a Kurdish armed group and maintaining its stance on blocking military vessels in the Black Sea until a peaceful resolution is reached in the Russia-Ukraine conflict.
Other News
In other news, Istanbul Airport has celebrated the launch of simultaneous operations on three runways, marking a historic moment for the airport. Adding a layer of historical intrigue, excavations have commenced near Mount Ağrı in search of Noah’s Ark, capturing the imagination of both locals and the international community.
Conclusion
The confluence of political unrest, economic strain, and international involvement paints a complex picture for Turkey. As the nation navigates these challenges, the world watches to see how these factors will shape Turkey’s future.