Summary of the political and economic news in the Turkish press this morning
CONTENTS
Turkey is taking one more step towards Europe after the Ankara
Agreement 36 years ago and her application for full-membership 12
years ago. Today, 15 EU countries' leaders will announce their
formal decision on the topic at the Helsinki Summit. Turkey's EU
membership is fully expected to be ratified by EU leaders. The
world press, especially that in Europe, express the view that in
the case of a 'no`, a great misfortune would occur. World press
opinions follow:
Germany-the 'Suddeutche Zeitung`: An earthquake occurs which may
have unexpected results.
Britian-'The Times`: Turkey turns her back on Europe. It becomes
a horrible situation.
Greece-'To Vima`: Premier Simitis will make a hard bargain.
Finland-the 'Metro`: Ankara may reject membership if she doesn't
like the provisos attached. /Hurriyet/
The EU Helsinki Summit, commencing today, has a heavy agenda of
its own on which Turkey's candidacy will be one of the major
topics for debate. The other major items expected to be up for
discussion are the addition of a military dimension to the
economic and political identity of the EU with the ratification
of the European Security and Defence Identity (ESDI), the
enlargement process, economic and employment policy coordination
within the Union and the Russian offensive in Chechnya.
/Cumhuriyet/
Intense pressure has been applied to Greek Premier Kostas Simitis
who was invited to Helsinki only 24 hours before the Summit, in
order to prevent any problems which may arise during the Summit.
During his journey to Helsinki, he gave out positive signals to
journalists for Turkey's membership. /Hurriyet/
The intense on-going bargaining to grant Turkey 'candidacy
status', which bears great significance for her integration with
European institutions on the threshold of the 21st century, is
expected to continue until noon today. All the members of the
Union, except Greece, were in favour of granting candidacy with
no pre-conditions attached; Athens, however, expects statements
to be written into the text of the final communique of the
Helsinki Summit to the effect that if a solution is not found to
the Cyprus problem, this would not affect the Greek-Cypriot
Administration's entrance to the EU. /Cumhuriyet/
Kurdish groups in Europe have organized a discussion panel in
Helsinki, where the EU Summit is taking place, on "The Future of
the Kurdish Population in view of Turkey's EU Membership."
Kurdish groups stated that both the EU and Kurds would benefit
from Turkey's membership and requested that the EU grant
candidacy status to Turkey; it was noted by the panel that this
would be greatly to the advantage of the Kurds . /Cumhuriyet/
The Central Bank, taking an historic step before the stand-by
agreement with IMF, has declared the value of Turkish Lira (TL)
day by day up to the end of the year 2000; accordingly, the value
of TL will decrease only 20% over the next year. On Jan. 1st,
2000, one dollar will be equal to 542,182 TL while on Dec. 31st,
2000 it will be 649,661 TL. At his press conference, Gazi Ercel,
the Chairman of the Central Bank, said, "Everbody, leaving
evaluations to the old, should do their calculations bearing the
envisaged inflation rates in mind." Ercel emphasized that the
programme to decrease the inflation rate, concerning money and
exchange rate policies, was 'perhaps the last chance` to be able
to counter inflation. /Hurriyet/
The Prime Minister, Bulent Ecevit, in statements to journalists
after meeting President Suleyman Demirel said, "A comprehensive
Customs Law was implemented after the Social Security Reform and
I believe that the arbitration harmonization laws will be enacted
by the Turkish Grand National Assembly (TGNA) before the end of
this year. An additional tax law was implemented, the Capital
Market Law began to be discussed in the TGNA, and the Banking Law
is at the commission stage. Meanwhile, there is some negativity
being experienced in border trade. Our manufacturers have some
problems within Turkey; we are determined to take the measures
necessary to solve these problems. Another reform that should be
implemented in Turkey concerns agricultural reform. The
government is preparing seriously for this issue." /Turkiye/
The Bill on the Banking Law, which caused a crisis, is being
rearranged by the subcommittee due to the objections of Mesut
Yilmaz. The situation of the private finance establishments which
were known as 'Islamic capital' will be rehandled and the
establishments, if they want, may continue to operate under
certain provisos. /Hurriyet/
The Universal Declaration of Human Rights was issued on Dec.
10th, 1948 stating the individual's basic human rights from the
right to live through to the right to education. Dec. 10th,
therefore, is marked across the world as Human Rights Day.
However, the world faces a black picture in the name of peace,
freedom and equality; the new world system has brought together
not only economic and social rights but also restrictions on
individual and political rights. /Cumhuriyet/
The Council of State, approving the decision of the 19 May
University's administration which prevented student Esra Ege to
enter the University wearing a headscarf, has overturned the
local court's verdict. The ruling stated that one could not
defend as a democratic right any activity which was contrary to
the higher education system. /Cumhuriyet/
The first huge step has been taken concerning the 'Digital
Platform' that will be implemented on March, 2000 by two of the
biggest companies in Turkey, Cukurova and Dogan Broadcasting. The
agreement concerning its establishment, the set-top decoder and
encryption for digital brodcasting was signed between Royal
Philips and DigiTurk in Istanbul. Chairman of the Executive Board
of DigiTurk Mehmet Emin Karamehmet and Deputy Chairman of the
Executive Board Mehmet Ali Yalcindag, along with the World
Chairman of Royal Philips, Cor Boonstra, attended the signing
ceremony. /Aksam/
An official from the American Investment Bank, Credit Suisse
First Boston (CSFB), stated to Reuters that Turkcell is planning
to export bonds amounting to 200 million dollars next week. The
bonds will expire in five years' time. The official stated that
CSFB and Deutsche Bank had been appointed equal guarantors of the
loan. The fixed term of the Turkcell bonds will be 1st August,
2005, and the bonds will be priced during the Roadshow next
Monday in London, on Tuesday in New York and on Thursday in
Boston. The bonds will be exported through Cello Finance N.V. in
Holland and will be guaranteed by the main company. /Aksam/
It has been stated that Turkey has become the focus of American
investors' interest, particularly following President Bill
Clinton's visit to Turkey and the signing of documents concerning
petroleum and gas pipelines, and hydro-electric power-station
ventures. Not only that, but Turkey had also received a loan
amounting to 1.4 billion dollars from the New York market during
the previous months. Moreover, it was also stated that the total
amount of loans received from other American institutions stood
at 3.2 billion dollars. Furthermore, representatives of top names
on Wall Street will convene in December as part of a meeting
organized by Turkey's Ambassador to New York, Mehmet N. Ezen.
/Aksam/
Deputy Chairman of the Central Bank Sureyya Serdengecti stated
that the banks, which had earlier recognized the problem of year
2000 compliance (Y2K) had worked hard to ensure they were ready
for the year 2000. At the discussion panel organized by the
Central Bank in order to discuss the problem of Y2K compliance
and the latest developments on the issue, Serdengecti delivered
the opening speech during which he stated that the banks had
completed updating for the year 2000. /Turkiye/
Foreign investors' opinion of the Turkish economy is turning out
to be positive, compared to last August. The Chairman of the
Executive Board of the Association of Foreign Investment (YASED),
Faruk Yoneyman, announced the results of the "YASED Barometer",
stating that there had been a positive swing in foreign
investors' opinion of the Turkish economy. Research undertaken by
YASED revealed that foreign investors' predictions concerning the
economic growth of Turkey were optimistic and the forecast of
growth in the economy has climbed to 58%. Half of the investors
envisaged that inflation will fall further and 69% of them
predicted that interest rates will decrease. /Sabah/
TUSIAD's Ankara tour is giving hope for the Millenium. Those
bosses, who encountered President Suleyman Demirel, Prime
Minister Bulent Ecevit and Deputy Prime Minister Devlet Bahceli
during the Supreme Consultation Board gathering, want the
opportunities that will be presented by the new Millenium to be
used profitably. After this visit, the Chairman of TUSIAD's
Supreme Consultation Board, Bulent Eczacibasi, emphasized the
potential difference due to the important role that Turkey can
play and drew this scenario for the year 2000: "The role that is
expected from Turkey includes setting an example and leading
other countries in the region. The results of the international
position that can be observed today are ensuring Turkey's place
in the G-20, the signing of the Baku-Ceyhan pipeline venture, the
structural reform loans of the World Bank, and the stand-by
agreement to be signed with the IMF. This picture will become
more certain with the approval of Turkey's candidacy to the EU.
Now it is our duty to put this positive atmosphere into good use
as best we can. We have to implement a series of political and
economic transformations in order to succeed in this." /Sabah/
Superonline has signed an agreement amounting to 20 million
dollars in order to increase the speed and the quality of its
service to its subscribers. General Director of Superonline Savas
Unsal during a press conference at Ceylan Intercontinental Hotel
stated that they had drawn up a satellite connection agreement
with the world-famous communications company, AT and T. Unsal
further added, "We will double our capacity by plugging directly
into the Internet network in America thanks to this agreement.
Satellite connections and work to set up communications masts in
Turkey will be undertaken by Verinet. The agreement will be
implemented at the end of January." /Milliyet/
The Istanbul Stock Exchange (IMKB) International 100 Index
increased 487 points yesterday and completed the day on 10,336
points. The belief that Turkey will obtain a the positive result
from the EU's Helsinki Summit increased yesterday. Yesterday, the
Stock Exchange regained its previous losses due to the
expectation that Greece will not veto Turkey's candidacy. The
daily average profit on shares was 4.95. /Turkiye/
Berdri Baykam's painting exhibition, entitled 'My 20th Century`
was opened yesterday at the Cultural Gallery in Istanbul's
Ataturk Cultural Centre. The Former Chairman of the
Constitutional Court and the Chairman of the Kemalist Idealism
Association, Yekta Gungor Ozden, attended the opening ceremony.
/Cumhuriyet/
Galatasaray, representing Turkey in the UEFA Cup, defeated the
Italian Bologna team in a tough match played at the Ali Sami Yen
stadium with a score of 2-1. The Turkish goals were scored by
Hasan and Umit in the 4th and 29th minutes respectively. The only
Italian goal was scored by Ventola in the 8th minute. This
victory has carried the Turkish team forward to the Fourth Round.
/All papers/
Columnist Tufan Turenc writes on the possible consequences of the
Helsinki Summit. A summary of his column is as follows:
"The decision taken at the Helsinki Summit will determine the
route Turkey will follow from now on. She will either increase
speed, filling her sails with more wind to reach her goal, or
steer towards other seas. No-one can guess the adventures Turkey
will have to face on unknown seas if a decision opposed to
Turkey's nomination is taken at the Helsinki Summit. A Europe
without Turkey, whose borders will stop at Edirne, will be left
without a bridge connecting it to the Middle East and Eurasia. In
fact, we cannot think of any reason why European countries should
dare to do this.
Three possible decisions may be taken at the Helsinki Summit; the
first one being, not to declare Turkey's candidacy. Secondly,
pre-conditions may be attached to Turkey's nomination. That is to
say, they may postpone her candidacy to a later date. Thirdly,
there is the announcement of Turkey as a candidate country with
equal rights to those of other countries without imposing any
proviso on her. We are hopeful of this third possibility.
Such a decision will prevent Turkey's distancing herself away
from the West and provide an opportunity for her to work harder
to integrate with Europe. During this process, Turkey will
quickly Westernize herself as a moderate Islamic country. This
would be both to the benefit of Europe and Turkey.
It seems there is only one country which may prevent such a
decision: Greece. Can Athens take such a risk, does she have the
power to meet the drawbacks and the heavy toll which may be
incurred? In fact, following such a policy would not be wise for
Athens. Europe will expect Greece to account for every difficulty
it encounters if it is without Turkey. In an atmosphere when the
earthquake disaster has brought two peoples closer together,
Greek politicians would not dare to make such an illogical
decision.
If Turkey is granted 'candidate status', she has the power and
belief to evaluate the horizon of membership in no time. Turkey
is able to solve the most complicated questions very quickly. She
has a dynamic population and well-trained, creative manpower.
That is why she has been able to continue to advance
notwithstanding the negativity and obstacles thrown in her way
and to climb the steps towards industrialization.
Turkey's significance is being felt all over the Middle East,
Eurasia and the Balkans. Everyone should know that, with the
acceptance of Turkey into the EU, the borders of Europe will
extend to the Chinese Wall. Turkey should be able to use this
trump card she is holding, wisely."
Columnist Yalcin Dogan comments on the courtesy visits paid by
the People's Democracy Party (HADEP) to coalition party leaders.
A summary of his column is as follows:
"The People's Democracy Party (HADEP) is visiting the coalition
party leaders to erase former prejudices in the mind of
politicians and the public alike. ANAP leader Mesut Yilmaz
answered the HADEP request for an appointment immediately, and
they met at the beginning of the week. There is no word from
Devlet Bahceli as yet, but there is reason why he should object
to such a visit. HADEP is going to ask for an audience with the
Prime Minister after meeting with Bahceli.
The main question here is to protect the rights of one's own.
HADEP is acting in line with protocol, showing its respect to the
coalition partners starting from the smallest partner and working
up to the Prime Minister.
Even if there are court cases underway for the closure of HADEP,
the party has Mayors in 38 provinces, towns and counties; among
them we can cite Diyarbakir, Siirt, Bingol, Van, Hakkari, Batman
and Agri. First of all, the practical problems have to be solved
in these areas beginning with supplying funds to those
municipalities governed by HADEP; the Government has to solve
their financial problems.
More important than that is the view of the people living there
towards the latest developments. For example, the representatives
of HADEP state to Mesut Yilmaz that they ardently desire Turkey's
EU membership; they added that they were ready to fulfil their
duty in carrying Turkey towards a future with the EU. The EU
gives hope democratization and human rights issues; all our
citizens are sharing this view.
The most vital evaluation is that the guns have been silenced and
new expectations are being experienced in an atmosphere of peace.
Feridun Celik from HADEP stated that they had lived through
difficult times, however, all that was now in the past. He added
that they would like to see the process which began with the
capture of Ocalan to continue, but HADEP also said that they were
opposed to the death penalty.The representatives of HADEP
expressed their view that every inch of land was sacred for them
and Turkey was an undivided whole and, as there was no tension at
the moment, they asked for the lifting of the State of Emergency
in the region.
ANAP leader Mesut Yilmaz agreed with this and declared that they
would give priority to the economic development of the area.
It is the duty of the Turkish Goverment to share both the
happiness and grief of her citizens. With this initiative, it
defines itself anew. The Government will not ignore this effort;
HADEP will receive the same interest from both Bahceli and
Ecevit."
FROM THE COLUMNS... FROM THE COLUMNS... FROM THE COLUMNS
ONE STEP LEFT
HEAVY AGENDA FOR EU
POSITIVE SIGNAL FROM SIMITIS ON PLANE
CYPRUS QUESTION AT HELSINKI
SUPPORT FROM KURDISH GROUPS
HISTORIC MONETARY DECISION
ECEVIT'S WORDS ON ARBITRATION HARMONIZATION LAWS
CONDITIONAL PERMISSION FOR SOME BANKS
51ST ANNIVERSARY OF UNIVERSAL DECLARATION OF HUMAN RIGHTS
COUNCIL OF STATE: HEADSCARF IS FORBIDDEN AT UNIVERSITIES
MASSIVE COOPERATION IN DIGITAL BROADCASTING
200 MILLION DOLLARS IN BOND EXPORT BY TURKCELL
AMERICAN INVESTORS HOLD TURKEY IN FAVOUR
BANKS ARE READY FOR THE YEAR 2000
FOREIGN INVESTORS ARE NOT PESSIMISTIC ANY MORE
TURKISH INDUSTRIALISTS AND BUSINESSMAN'S (TUSIAD) ANKARA TOUR
SUPERONLINE: HUGE INVESTMENT
STOCK EXCHANGE IS HOPEFUL
BEDRI BAYKAM'S EXHIBITION
GALATASARAY DEFEATS BOLOGNA
FROM THE COLUMNS... FROM THE COLUMNS... FROM THE COLUMNS
EUROPE WILL EXTEND BORDERS BY TUFAN TURENC ( HURRIYET)
WHEN THE GUNS ARE SILENT: HADEP BY YALCIN DOGAN (MILLIYET)