Peoples' Democratic Party (Turkey) Peoples' Democratic Party (Turkey) The Peoples' Democratic Party (Turkish: "Halkların Demokratik Partisi" (HDP), Kurdish: "Partiya Demokratîk a Gelan"), or Democratic Party of the Peoples, is a pro-minority political party in Turkey. Generally left-wing, the party places a strong emphasis on participatory democracy, radical democracy, feminism, minority rights, youth rights and egalitarianism. It is an associate member of the Party of European Socialists (PES) and consultative member of the Socialist International. Aspiring to fundamentally challenge the existing Turkish-Kurdish divide and other existing parameters in Turkish politics, the HDP was founded in 2012 as the political wing of the Peoples' Democratic Congress,
Turkey annual current account deficit was $47.3 billion at the end of December 2017, compared to the previous year's figure of $33.1 billion. In the early decades of the Turkish Republic, the government (or banks established and owned by the government, such as Türkiye İş Bankası (1924), Sanayi ve Maadin Bankası (1925), Emlak ve Eytam Bankası (1926), Central Bank of Turkey (1930), Sümerbank (1933), İller Bankası (1933), Etibank (1935), Denizbank (1937), Halk Bankası (1938), etc.) had to subsidise most of the industrial projects, due to the lack of a strong private sector. However, in the period between the 1920s and 1950s,