Prime Minister Recep Tayyip Erdoğan has laid the stakes against credit rating institution Standard&Poor's (S&P). While in Pakistan, Prime Minister Erdoğan delivered the message to S&P that Turkey may be willing to cancel their contract with the institution which has drawn in significant criticism following Turkey's note downgrade. Calling S&P's decision ideologically-based, Prime Minister Erdoğan also delivered the excellent news of Turkey's efforts to establish its own credit rating institution.
Stating that for Turkey to take this step would be a great advantage, Erdoğan said the following: "Not only would it become the leading institution for applications by our own establishments, but it would also be able to compete in the international markets."
Erdoğan also mentioned the S&P decision to downgrade Turkey's credit rating from positive to stable, by stating, "I consider it to be a political approach. It would be impossible to think that credit rating institutions are not at all politically influenced. S&P's announcement had absolutely no affect on our market. However, our remarks against the institution have rattled its reputation throughout the world. We sign a contract with S&P every year. If necessary we may reconsider and instead cancel the agreement one-sidedly. There is nothing stopping us."
ON THE AGENDA AT THE G20
Stating that credit rating institutions are now losing their reputations, Erdoğan expressed that they will be bringing the issue of credit rating institutions up for debate at this year's G20 meeting.
When S&P downgraded Turkey's rating at the start of May, Erdoğan snapped back harshly, calling the decision ideologically based and exclaiming that he no longer acknowledges the credit rating institution. IMF Chief Christine Lagarde had also recommended that S&P backtrack from their error and apologize.
According to Erdoğan, Turkey's most esteemed aspect for investors is the fact that it does not consist of virtual budgets. "Our budgets, in terms of trustworthiness, have been very well reflected throughout the world. "Whereas there have been many that have followed these rating institutions only to sink later."
English investors have not paid heed to the coverage in the international media painting a negative portrait of Turkey during the Gezi Park protests and continue to keep the country on its radar for investments. 
Turkey has become the fastest growing nation for luxurious automobile brands. While luxurious brands experienced seven percent growth globally in the first five months of the year, in Turkey the rate of growth has reached the 100 percentile level. 
While the English press continues to cover the Gezi Park protests to Turkey’s detriment, the British Prime Minister has praised Turkey’s ‘stability.’ David Cameron says “we admire your economy.”
With the Central Bank’s deferred interest rate cut resulting in revitalizing domestic demand, Turkey’s economy experienced three percent growth in the first quarter of the year, sealing 14 quarters of continuous growth. 
The Capital Markets Board has initiated an investigation into exits from the stock exchange by speculators, in a move which followed Erdoğan’s acknowledgement of attempts by the interest rate lobby to instigate a drop in the stock exchange. Should the Capitals Market Board establish a connection between financial exists and speculators sanctions may be enforced.
Çalık Holding has released a statement refuting claims made in reports by CNBC attempting to associate the group with redevelopment plans for Taksim’s Gezi Park.
Saudi Arabian businessman Ehsaan Fareed Abduljawad has purchased two towers in the Ağaoğlu Maslak 1453 project for 200 million dollars. “We trust in Turkey’s economy,” said the billionaire. 
The speculative attack on the markets came to a halt following Prime Minister Erdoğan’s statement directed at the interest-rates lobby, “We will not let you consume the great efforts of our nation.” The dollar has since dropped and the stock exchange is back on a rising trend. 
During the past five days there has been a polemic concerning the boycott of the Moroccan Business Confederation (CGEM) of a meeting between Turkish and Moroccan businessmen which took place during Erdoğan’s trip to Morocco on June 3rd. While the decision had nothing to do with the on-going protests in Istanbul and other cities, the real reason is proving to be an internal conflict between the CGEM and the Moroccan government.
The ‘economic’ demands set forth by the Taksim Platform, which spoke on behalf of the Gezi Park protesters in a meeting with Deputy Prime Minister Arınç on Wednesday, have resulted in a number of question marks. The main question being, why are they opposed to projects worth 120 billion such as the third bridge and airport, hydroelectric power plants and Canal Istanbul?
Tosyalı Holding opened a 750 million dollar steel-iron factory in Algeria in a ceremony attended by Prime Minister Recep Tayyip Erdoğan. Expected to rake in an annual one billion dollar revenue, the facility will also provide one thousand jobs.
The Occupy Wall Street movement did not pose a significant financial burden in the United States, whereas the financial burden brought on in Turkey from the Gezi Park protests is exponential. 
It will now be required to place health warnings on the glass portions of water pipes, regularly referred to as ‘nargile’ in Turkey.
The government will be implementing a number of incentives to promote women giving birth. New legislation to include maternity leave increased to six months and graduated retirement based on number of children. In addition, the state will be subsidizing maternity leaves for female employees. 
