Turkey Municipal Elections
Synopsis:
Turkey’s municipal elections are attracting attention due to significant political implications, with over 61 million voters across 81 provinces choosing among 34 parties.
In Ankara, the opposition Republic People’s Party (CHP) mayor is expected to win, while Kurdish candidates are anticipated to succeed in key southeastern cities.
The Istanbul mayoral race is crucial, with current mayor Ekrem Imamoglu seen as a challenger to President Erdogan and the AKP. A win for Imamoglu could elevate him to head the main opposition party.
Local issues such as public services, traffic, and urban development projects like the proposed USD 15 billion canal project are prominent in the election discourse.
Economic concerns, including high inflation, interest rates, and deficits, alongside efforts to attract external financing, are pivotal factors influencing investor sentiment in Turkey.
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When Covid-19 hit the world in early 2020, a pall of gloom hung over the global economy and uncertainty ruled the day. The future was pretty much unchartered and countries and companies around the globe started swinging in the dark. The current chip shortage is the result of the unexpected ways in which the global industries’ demand has played out for the chips.
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