Presidency of Barack Obama

Fiscal discipline will be key for Turkey's 2017 growth-oriented state budget, Finance Minister Naci Ağbal said on Dec. 5, speaking at the start of marathon budget talks in parliament. 

Tax exemption cuts amounting to 180 million euros per year are expected to be confirmed by the government and the creditors in a conference call to take place on Sunday. However, social benefits are not expected to be affected.

U.S. lawmakers passed bills on Nov. 15 renewing sanctions on Iran for 10 years and imposing new sanctions on Syria, underscoring their determination to play a strong role in Middle East policy no matter who occupies the White House. 

The visit by outgoing American President Barack Obama next week to Athens was planned on the certainty that it was going to take place after the victory of Hillary Clinton. And that his keynote speech was to be delivered on one of world's best known locations for the practice of democracy. 

Incoming U.S. President Donald Trump will listen more to Middle East countries like Turkey than either the outgoing Obama administration or the person he defeated in the election, Hillary Clinton, according to the chair of the Turkey-US Business Council, Ekin Alptekin.

According daily newspaper “Kathimerini”, the sweeping tax measures imposed on Greek businesses and citizens, as part of the fiscal adjustment policies adopted from 2010 to 2016 to raise state revenue have failed.

The European Commissioner for Trade Cecilia Malmstrom said she expected a suspension of talks between the US and the EU on the Transatlantic Trade and Investment Partnership (TTIP), Friday, following the election of Donald Trump as US President. “Now there is a newly elected President. We do not know what exactly will happen.

BELGRADE - The White House is considering launching a clandestine cyber operation against the Russian government to counter Moscow's alleged interference in the US presidential election, media reported citing intelligence officials.

Signaling a low-point in Washington-Moscow relations perhaps not seen since the Cold War, the Obama administration on Friday ended months of speculation and blamed Russia for deploying its hackers to meddle with the U.S. election.

Donald Trump has gone on the offensive after his underwhelming debate performance by criticizing debate moderator Lester Holt as biased and accusing Google of a conspiracy to rig search results in favor of Hillary Clinton.