International Relations

Number of Syrians under Temporary Protection Decreased to 2 Million 935 Thousand 742

Minister of the Interior Ali Yerlikaya announced that as a result of the address investigation studies of foreigners with legal right to stay that they started in September 2023, the number of Syrians under temporary protection decreased to 2 million 935 thousand 742.Yerlikaya stated that a 90-day period was given for Syrians in Turkey to update their addresses, and emphasized that SMS notifications were made in Turkish and Arabic during this period. In addition, information meetings were held in coordination with governorships and NGOs in 81 provinces. During this process, 580 thousand 819 Syrians updated their addresses or made appointments.Minister Yerlikaya said that the foreign identity numbers of Syrians who did not update their addresses were deactivated and these people could only benefit from emergency health services. He also stated that these people could not benefit from public services.With the studies that started in September, 150 thousand 327 Syrians who did not benefit from public services and who had not been in Turkey for at least one year were identified as of October 1, 2024. These people were assessed as having crossed into Europe and were deducted from the places they were registered in the system.The Minister of Interior stated that the total number of foreigners in Turkey has reached 4,174,706, of which 1,032,379 are residence permit holders and 206,585 are persons under international protection.Source: Ministry of Interior, 2024.

Compiled by ChatGPT. 24 November, 2024

Economics & Finance

Turmoil in Hong Kong’s Commercial Real Estate Market: High Interest Rates and Declining Rental Incomes Drive Distressed Sales

Hong Kong’s commercial real estate market is experiencing significant turbulence due to a combination of high interest rates, shifting consumer habits, and broader economic challenges. One notable case is the Cubus building in Causeway Bay, a mixed-use tower that has been put up for sale due to financial difficulties. The building’s owners, including Phoenix Property Investors and a business entity linked to Sa Sa chairman Simon Kwok, are struggling with debt repayments after a sharp decline in rental income. With over a third of the building’s floors vacant, the property was recently listed for sale at HK$1.4 billion (US$180 million), a significant drop from its peak valuation of HK$2 billion. The situation with Cubus reflects the broader challenges faced by Hong Kong’s commercial real estate sector. High vacancy rates, falling rental income, and dwindling demand from global firms and mainland Chinese visitors have driven down property values across the board. Grade A office rents have fallen by 38% since their pre-pandemic high, while the retail sector has been hit even harder, with property valuations down by about 40%. This market-wide slump has forced many property owners into distressed sales, with nearly 75% of commercial real estate transactions this year falling into this category. Banks, long a key source of financing for the heavily-leveraged sector, are now grappling with rising defaults. For example, HSBC reported US$3.2 billion in commercial real estate loan defaults in the first half of 2024, a six-fold increase compared to the previous year. Despite some relief from a recent U.S. Federal Reserve rate cut, the underlying economic fundamentals remain weak, and experts do not anticipate a market recovery anytime soon. Analysts suggest that it could take until 2025 for the market to stabilize, with demand still tepid, supply abundant, and investor confidence shaky.   While larger, more established developers may be better equipped to weather the downturn, smaller firms and highly-leveraged companies are struggling under the weight of their debt. The overall outlook for Hong Kong’s commercial property market remains bleak, with few signs of immediate recovery.

Compiled by ChatGPT. 28 September, 2024
Tourism

Istanbul Airport Selected as the Best in Europe According to Google

Istanbul Airport has been named the best airport in Europe, according to a recent study by a prominent holiday rental booking portal. The study, which evaluated Google Review ratings, assessed airports across Europe to highlight both top and underperforming hubs.   Top of the Rankings with a 4.4 Rating With an impressive average rating of 4.4, Istanbul Airport surpassed major competitors, including Francisco de Sá Carneiro Airport in Porto, Portugal, and Athens International Airport in Greece, which ranked second and third. Holidu emphasised the importance of airports in improving the overall travel experience. “Although the end of summer is marked by a massive influx of travellers returning from their holidays, the airport experience remains an essential part of any trip,” the company noted. To help travellers plan more effectively, the study analysed data from Google Maps to create a comprehensive list of the best and worst European airports for 2024.   Istanbul Airport: Excellence in Service and Infrastructure This marks the second consecutive year that Istanbul Airport has taken the top spot. “With a remarkable score of 4.4 from over 101,956 reviews, Istanbul Airport continues to earn the admiration of travellers worldwide,” Holidu stated. The airport was particularly praised for its efficiency, comfort, and top-tier services, further cementing Türkiye’s reputation for world-class infrastructure.   Europe’s Busiest Airport Since its full operation began in April 2019, Istanbul Airport has grown into the busiest airport in Europe. It regularly handles between 1,400 and 1,500 flights per day, according to Eurocontrol. During the week of 26th August to 1st September 2023, it managed an average of 1,494 daily flights. In August 2023 alone, the airport welcomed 7.7 million passengers and oversaw 46,933 flights, highlighting its critical role in international air travel. While Istanbul Airport tops the rankings, Heraklion International Airport in Greece ranked as the worst, with an average rating of 2.6. Bordeaux-Mérignac Airport in France and Manchester Airport in the U.K. followed closely behind.   A Global Hub for Excellence Istanbul Airport's continued rise in international rankings emphasises its importance as a global aviation hub. Its commitment to quality, service, and efficiency ensures that it remains a top choice for millions of travellers worldwide.

Compiled by ChatGPT. 27 September, 2024

Economics & Finance

Overseas Contracting Services Awards Ceremony: Turkey's International Success

The "Overseas Contracting Services Awards Ceremony", organized by the Turkish Contractors Association (TMB) with the participation of President Recep Tayyip Erdoğan, was held at an important hotel in Ankara. This event was organized to reward the companies included in the "World's Top 250 International Contractors" list published annually by ENR magazine, which is known in the international construction industry. In his speech at the ceremony, Minister Bolat emphasized that contracting and technical consultancy services abroad reveal Turkey's strategic position and economic potential. He pointed out that the technology and knowledge transfer provided by the sector increases the country's infrastructure and construction competence and brings foreign currency to the local economy. Bolat stated that the achievements of Turkish companies in international projects have contributed to Turkey's economic growth and diplomatic relations. Stating that Turkey ranks second after China in the number of contracting companies in the 2024 list of ENR Magazine, Bolat said that it ranks eighth according to international revenues. He emphasized that as of September, the project size of the overseas contracting sector reached 515 billion dollars. The information that 12,277 Turkish contracting projects are carried out in 137 countries offers an exciting opportunity for investors. Bolat stated that Turkish consultants have won projects worth $3.3 billion in 138 different countries and have an average annual income of $200 million. He highlighted the opportunities offered to the sector by the projects within the framework of Saudi Arabia's Vision 2030. Erdal Eren, President of the Turkish Contractors Association (TMB), also spoke at the ceremony. Eren explained that despite the difficult conditions of the past year, Turkey mobilized its domestic power for the reconstruction of the earthquake zones. "We are ready for any task for urban transformation," Eren said, underlining Turkey's goal of becoming a brand in the international arena. For investors, it is important to note that Turkish companies are not only contractors abroad, but also investors and operators. Eren emphasized that the export of construction materials has increased with the contribution of technical consultancy firms in international projects. The ceremony ended with the presentation of awards to the representatives of the companies included in the "World's Top 250 International Contractors" and "World's Top 225 International Technical Consultants" lists. These awards reinforce Turkey's influence and success in the global construction market.Compiled by ChatGPT. 19 September, 2024

Real Estate & Life

Revolutionary Regulations in the Real Estate Industry

The Ministry of Commerce announced a series of revolutionary regulations to prevent irregularities in the real estate sector and to protect consumers. These new regulations include harsh measures against fake advertisements, price manipulation and unlicensed activities that are frequently encountered on real estate buying and selling platforms.   The Ministry has introduced a regulation stating that the immovables included in the real estate advertisements placed on the online trading platforms must belong to the real owners or authorized persons. An administrative fine of up to 100 thousand liras will be imposed for each violation of advertisement sites that do not comply with this verification process. Thus, the safety of consumers will be ensured by preventing fake advertisements and fraud attempts.   In addition, it was announced that the professional experience requirement for real estate businesses to obtain a certificate of authorization will not be sought until the end of 2024. This exceptional regulation aims to facilitate entry into the sector while providing an immediate solution to real estate businesses that are already operating without authorization certificates.   Drastic measures are also being taken to prevent price manipulations. The Ministry imposes serious fines on sites that publish advertisements without verifying that the real owners or authorized persons of the immovable properties advertised on various platforms belong. In this way, speculative price increases and consumer grievances will be prevented.   While sector representatives welcome the regulations, they draw attention to the necessity of effective implementation and supervision of the regulations. With these new regulations, it is aimed to increase confidence in the real estate sector and better protect consumers, while maintaining competition in the sector in a healthy way.Eurasian Projects 10 June, 2024

International Relations

China and Taiwan: Pieces of a Puzzle

The relationship between China and Taiwan is based on a deep connection that has lasted for centuries and has been shaped under the influence of a number of complex factors. This connection is determined by the interaction of various elements based on the historical, political and cultural heritage of both sides. The relationship between China and Taiwan began during the Ming Dynasty. In the 17th century, the Chinese who fled the Ming Dynasty colonized Taiwan, which led to the island developing a distinct language and cultural identity. After the First Sino-Japanese War in 1895, Taiwan came under the control of Japan, and this was the first step in Taiwan's independence from China. After World War II, Taiwan was occupied by the Allied Forces, and nationalist forces led by the Kuomintang (KMT), which lost the Chinese Civil War in 1949, fled mainland China and took refuge in Taiwan. This has led to a situation in which Taiwan continues to exist under two different administrations, the People's Republic of China (PRC) and the Republic of China (ROC). While the PRC considers Taiwan to be a breakaway province of its territory and uses military threats to force unification, the ROC seeks to maintain its own sovereignty as an independent country. Despite political tensions, there is intense economic interaction between China and Taiwan. Taiwan is one of China's largest trading partners, and the two economies are tightly integrated. Taiwan's high-tech sector and China's manufacturing capacity link the economic interests of both sides. However, the escalation of political tensions could affect economic cooperation and put pressure on trade. The relationship between China and Taiwan is shaped not only by political and economic dimensions, but also by cultural and social interactions. There is a common language and historical heritage between the two communities. Tourism, academic exchanges, and cultural events play an important role in preserving this common heritage and fostering relations. In the field of security, the PRC has increased its military power in recent years and pursued deterrence policies against Taiwan. Taiwan, on the other hand, is focused on strengthening its own defense capacity and is trying to ensure its security by seeking international alliances. This could affect security balances in the region and increase the risk of conflict. The future of the relationship between China and Taiwan is uncertain. Political and ideological differences between the two sides are among the main factors that determine the course of relations. However, under pressure from the international community, steps can be taken towards finding a peaceful solution. Dialogue and diplomacy are critical to achieving reconciliation and stability. The relationship between China and Taiwan is shaped by a complex interplay of historical, political, economic and cultural factors. In the future, strengthening the dialogue between the parties and expanding the areas of cooperation can contribute to ensuring stability and peace in the region.Compiled by ChatGPT. 06 June, 2024

Information Technologies

The Mind Behind the Headlines: ChatGPT and Artificial Intelligence

The rapid advancement in the field of artificial intelligence and natural language processing in recent years has led to the emergence of systems like ChatGPT. Developed by OpenAI, ChatGPT is a language model that utilizes deep learning techniques. GPT, which stands for 'Generative Pre-trained Transformer,' is designed to perform natural language processing tasks by being trained on large datasets. ChatGPT is an application of this technology and can generate human-like responses in real-time conversations. The working principle of ChatGPT is quite complex but fundamentally straightforward. During the training phase, the model learns from a vast corpus of text data, including millions of web pages, books, articles, and other sources. By analyzing this dataset, the model learns the structure and patterns of language. When provided with an input text, ChatGPT uses the patterns it has learned to generate a suitable response. For example, if a user asks, "How's the weather today?" ChatGPT, having been trained on similar inputs, can produce a response like, "Today's weather is sunny and warm." The model considers factors such as word choice, sentence structure, and grammar rules when generating a response. The applications of ChatGPT are extensive and continuously expanding. In particular, it can be used in the customer service industry as an automated response system. It can answer frequently asked questions and resolve basic issues. In education, it can assist students with their homework or provide support to teachers. Additionally, it can help users with language learning and practice. Users can utilize ChatGPT to understand texts written in a foreign language or to enhance their own language skills. However, there are also concerns regarding the use of artificial intelligence systems like ChatGPT. In particular, the potential for the model to generate incorrect or misleading information is worrying for some users. Moreover, the ethical use of systems like ChatGPT and the preservation of individuals' privacy are significant considerations. Transparency regarding how such systems process and store personal data is crucial. In conclusion, artificial intelligence technologies like ChatGPT have significant potential in applications involving human interaction. However, it is essential for these technologies to be used ethically and safely. In the future, as artificial intelligence systems are further developed, it is likely that more complex and sophisticated models will be used in applications involving interactions with humans.Dr. Caglar TURKOGLU 05 June, 2024

Featured content


International Relations

What will happen if the Rafah border crossing is opened?

In recent days, uncertainty over whether Egypt will open the Rafah crossing has become alarming for the more than 20,000 sick and wounded Palestinians waiting at the border. These people are in a desperate wait due to restrictions in access to treatment and health services. In the event that the gate is opened, the direction of a possible wave of migration of Palestinians and the consequences of this migration are not yet clear. However, this situation emerges as an important issue that needs to be addressed not only as a migration event, but also with its humanitarian and conscientious dimensions. If Egypt opens the Rafah Border Gate, it is predicted that Palestinian refugees will head to Egypt first. However, this situation brings with it the fact that the basic needs of refugees must be met. The Egyptian government and the international community must provide support to meet their basic needs, such as housing, access to healthcare, and education. However, in addition to humanitarian aid, long-term social and economic projects will also have to be implemented. Countries such as the European Union and the United States are expected to play an important role in meeting the humanitarian needs of refugees and relocating them. If these countries cooperate with Egypt and other countries in the region to support refugees, the solution process can be more effective and sustainable. However, it should not be ruled out that refugees may not want to live permanently in Egypt in the long term and may turn to more developed countries such as Europe. Europe's harsh migration policies and increasing resistance to refugees make it difficult for these people to reach Europe. Therefore, the desire of refugees to go to Europe and the problems in Europe's reception policies may cause many Palestinians to wait in transit countries such as Turkey. Turkey already hosts 20% of the world's refugees, putting a serious strain on the country's economic and social resources. Turkey may need to increase its capacity to meet this new wave of refugees. However, Turkey's sustainability capacity in this regard and the necessity of acting together with international support should also be taken into consideration. The opening of the Rafah crossing requires taking into account not only the transit of migrants, but also the humanitarian needs of people staying on the Palestinian side of the border. As those living on the other side of the border, they may also need humanitarian assistance if the crossing is opened. In this context, the international community needs to support not only the migrants crossing the border, but also the Palestinians living on both sides of the border. Meeting basic needs, access to health services, educational opportunities and economic support are vital for these people to survive in humane conditions. At this point, the international community should take the Palestinian people's demands for humanitarian aid seriously and provide the necessary support. Photo: Anadolu Agency Taken from the news of Gülşen Topçu dated 12.10.2020. 

Compiled by ChatGPT. 03 June, 2024
Politics

Memorial Day: The Origins and Meaning of a Tradition in the United States

Memorial Day in the United States: Historical Process and Analysis Memorial Day is a national holiday in the United States that is celebrated annually on the last Sunday in May. This day is held to honor the country's military personnel and their sacrifices, to keep alive the memory of the fallen soldiers, and to promote patriotism. Memorial Day has undergone many changes throughout history and has gained a deep meaning in American society. Historical Origins Memorial Day has its origins in the American Civil War. In the early 1860s, various ceremonies began to be held by local communities to decorate the graves of soldiers who lost their lives during the war and to commemorate them. However, these commemorative events were celebrated on different dates and in different regions. First, commemorative events known as "Decoration Day" began to be held in the Southern states at the end of May. These events were held to decorate war graves in the Southern states and to commemorate soldiers who lost their lives in battle. Later, similar events began to be held in the Northern states. The modern form of Memorial Day originated in 1868 with an order signed by General John A. Logan, then president of the United States. This order designated May 30 as "Decoration Day" and officially encouraged the commemoration of all American Civil War veterans. Development and Expansion Over time, Memorial Day has expanded to commemorate all the soldiers who lost their lives in wars in the United States and other parts of the world. Soldiers who lost their lives in World War II, the Korean War, the Vietnam War, and subsequent conflicts were also honored in memory of this day. In 1971, when the United States Congress officially recognized "Memorial Day" as the last Monday, the date of the holiday was changed and it became a three-day weekend holiday. This allowed Americans to make more sense of Memorial Day and celebrate it more widely as a federal holiday. Memorial Day is now recognized as a day of remembrance that honors not only military personnel, but also all service providers, firefighters, police, and other emergency workers. American society sees Memorial Day as an opportunity to remember the losses caused by war, to promote patriotism, and to strengthen solidarity. The Meaning and Significance of Memorial Day Memorial Day is a tradition that has a deep meaning in the United States. This day is an opportunity to honor and remember the sacrifices of the country's military personnel and other service providers. At the same time, Memorial Day is a day of remembrance and unification that strengthens American patriotism and solidarity. Celebrated annually on the last Sunday in May, Memorial Day occupies an important place in American society and represents a deep commitment to the country's history and values. This day is seen as a way to pay tribute to the service of the American people, past and present, as well as to remind future generations of those sacrifices.

Dr. Caglar TURKOGLU 26 May, 2024
Politics

Iran: Its Changing Face from Past to Present

Iran stands out as one of the countries with the most complex and rich history in the Middle East. The Persian Empire's enormous civilizational heritage, its rich cultural structure shaped by the influence of Islam, and its geopolitical position make Iran historically and strategically important. The ancient capitals of the Persian Empire are filled with works of art, architecture, and literature that still fascinate visitors today. Persian culture has made great contributions to world history and shaped Iran's identity. However, with the spread of Islam, elements of Islam were added to Persian culture, and this determined the cultural structure of modern Iran. Geopolitically, Iran occupies a strategic position in the heart of the Middle East. With its access to the Persian Gulf, the Caspian Sea and Central Asia, it has become an actor that determines its relations with other powers in the region. In addition, Iran's relations with its neighbors have a direct impact on regional stability and security. Its relations with its neighbors such as Iraq, Afghanistan, Turkey and Pakistan shape the regional balance of power, while its international relations play an effective role in global politics. Economically, Iran has an economy that relies heavily on energy resources. While oil and gas revenues form the country's economic mainstay, it also faces factors such as international sanctions and domestic political uncertainties. Economic problems such as high inflation, unemployment, and income inequality affect the living standards of the Iranian people, causing social unrest. These challenges reveal the need for change in Iran's economic and social structures. Politically, Iran is governed as an Islamic state under the name of the Islamic Republic. There is a complex political system balanced by religious leadership and political authority. Political freedoms and human rights issues are important topics of discussion in Iran. Issues such as press censorship, freedom of expression, and the restriction of political dissent have an impact on the country's political stability and democratic development. However, Iran's efforts in the democratization process and political reforms are promising for the country's future. Culturally, Iran has a rich historical and cultural heritage. The ancient ruins of the Persian Empire, combined with Islamic architecture and art, have contributed to the creation of a unique cultural identity in modern Iran. Although Iran belongs to the Shia sect of Islam, it is home to a variety of religious and ethnic groups. This increases the cultural diversity and richness of the country. Finally, Iran's present and future are shaped by promising opportunities along with internal and external challenges. Iran has survived and adapted to the changes it has experienced throughout history. Today, the country is facing economic and political reforms, and these reforms are critical to Iran's future development and stability. The future depends on Iran strengthening its role in the regional and global arena by preserving its cultural heritage and improving its international relations. Iran, with its changing face from the past to the present, looks to the future with hope. Finally, Iran's present and future are shaped by promising opportunities along with internal and external challenges. Iran has survived and adapted to the changes it has experienced throughout history. Today, the country is facing economic and political reforms, and these reforms are critical to Iran's future development and stability. The future depends on Iran strengthening its role in the regional and global arena by preserving its cultural heritage and improving its international relations. Iran, with its changing face from the past to the present, looks to the future with hope. The migration of Iranians to Europe emerges as a reflection of this changing face. In recent years, the wave of migration from Iran to Europe has increased. The reasons for migrations include economic hardship, political pressures, and flight from conflict zones. European countries accept many Iranian refugees. Iranian immigrants may face a variety of challenges in their new country. Language barriers, cultural differences, and difficulties in finding jobs can complicate the integration process of Iranian immigrants. However, many Iranian immigrants successfully settle in their new country and contribute to society. The presence of Iranians in Europe shapes the social, economic and cultural fabric of societies, while also contributing to economic growth and diversity.


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