An attempted coup on July 15-16 and crackdown after that which has so far led to more than 60,000 government workers, military personnel, teachers, and journalists being either jailed, detained, or suspended is likely to take a heavy toll on the country’s tourism. Country’s incumbent President and the leader of AKP Party Tayyip Erdogan has imposed emergency rule in Turkey. Western world and many within the Turkey accused that Erdogan is trying the coup as an excuse to cleanse the country of any opposition.
Since a Turkey’s plane has shot down a Russian plane which Russia claims was in Syria, Russia has imposed a tourism ban over Turkey. It has proved very dear so far as Russia sends the biggest number of tourists to the country. The drop in Russian Rouble also played a key role.
According to latest data available from the tourism ministry, in June 2016, the number of tourists arriving in Turkey declined by 41 percent to 2.4 million. The number of Russian tourists has declined by 88 percent. Now with the coup and crackdown, that number is likely to face a free fall as other European countries will keep warning its citizen against visiting the country.


FxWirePro: Daily Commodity Tracker - 21st March, 2022
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 



