Project Syndicate: "The parliamentary elections in Turkey will change the political background in the region as a whole"

By Vestnik Kavkaza

Analytical business magazine FORBES wrote today that the "Russian bear turns into a bull." According to the World Bank the economic situation in Russia is improving, which puts its country in fourth place among the most rapidly developing countries. According to the forecast for 2015-2016, with an average oil price of $58-63 per barrel, the Russian Federation takes the leading position in the sale of oil, which will make the region more attractive to investors. An easing of monetary policy is also expected, which in its turn will lead to lower of borrowing costs and an increase in lending to businesses and private individuals.

Earlier, the World Bank made the assumption that the growth of the Russian economy would surprise everyone by mid-year, and it really happened.

The country's leadership managed to stop a serious crisis and stabilize the exchange rate. In addition, the emergence of new serious partners can improve the rating of Russia among the countries of the world and make it a serious competitor to the leading economies. Investment activity is increasing and a further rise in financial sphere will contribute to this.

It is still too early to make long-term forecasts, but even today it is obvious that Russia has managed to reorient its market, thereby strengthening its position in the world economic arena.

European independent media resource Project Syndicate writes that Turkey will have a critical choice. According to analysts, only one percent of votes can decide the fate of Turkey in the parliamentary elections to be held on June 7. This in turn can lead to the formation of a coalition government for the first 13 years of one-party rule. The outcome of the parliamentary elections will not only determine the political future of Turkish President Erdogan, but also the capacity to resolve the Kurdish conflict.

The uncertainty of the future political situation in the country is due to the participation in the elections of the Kurdistan Democratic Party, which missed the previous elections, but hopes to get an advantage after the next parliamentary elections. Kurdish politicians were reunited under the banner of their party, and will be able to gain representation in the government. If they manage to get a place, the ruling party of Erdogan will have to reckon with the opinion of the Kurds, and then the chances to a solution of the Kurdish problem are very high.

If the AKP win a majority, there is a high likelihood that Turkey will become a presidential-parliamentary republic, and all power will be concentrated in the hands of Erdogan. In any event, the upcoming elections will change, both in the political background of the country and in the region as a whole.

 

 USA NEWS reported that recent events show that the US is likely to lead to the abandonment of the nuclear talks. According to a new report by the International Atomic Energy Agency, many nuclear facilities are still working, and besides, Tehran is working closely with nuclear experts from North Korea, which does not contribute to the negotiating process.

The main obstacle to the signing of the agreement is still the question of whether the Iranian nuclear program is for peaceful purposes or military? Analysts agree that the countries' negotiators fail to reach an agreement, because Iran does not abandon its  Strategic Research, and the US in turn does not convince its closest allies that in fact partnership with Iran is more favorable than confrontation. Only a month remains before the end of the talks, but, most likely, the planned progress is not expected to be realized.