Editorial Staff

Turkey wants the modernization of its Customs Union with the European Union — off the agenda for years — to be part of the equation as diplomatic traffic on the Cyprus issue accelerates, more than three European diplomats confirmed to Turkey in Depth.

The central bank kept its benchmark policy rate unchanged at 37% during its Monetary Policy Committee meeting on July 23, matching market expectations. However, business leaders are increasingly complaining about high borrowing costs, tight credit restrictions, and falling industrial output.

Turkey is weighing the most radical overhaul of its wage-setting system in decades — and experts say it could unleash chaos.

The number of electric vehicle charging sockets across Turkey exceeded 45,000 in June, according to data released by the Energy Market Regulatory Authority (EPDK).

Turkey spent 5.5 times more on interest payments than on public investment in the first half of the year, as debt servicing became the single largest item in a budget that ran a deficit of nearly 1 trillion liras.

A bill aimed at removing technical trade barriers in the automotive and chemical sectors between Turkey and the United Kingdom has been submitted to the Turkish parliament for approval.

The 'two-camp' character of Turkey's media — a divide that long predated the AKP but sharpened under its rule — is shifting after the 'absolute nullity' ruling that is changing the dynamics of Turkish politics.

Özgür Özel, who in a historic decision was removed by court order from the party leadership to which he had been elected four times, announced his decision to establish a new party.

Özgür Özel, ousted as CHP chair by a court ruling, is preparing to set up a new party even as legal threats mount against him and his allies. The party is likely to be called Yeni Party (New Party), Özel said. 'We are working on the name and the logo. The name has started to become clear. There is a generally accepted name, while the logo is still being worked on. For now, let's call it 'Yeni Party.' Until there is a new name, let's say Yeni Party,' Özel told SZC TV. 'The statute and the program are being written. The official step will be taken at the end of July or the beginning of August,' Özel told the channel at parliament ahead of a special session marking the 10th anniversary of the failed coup attempt.

Foreign Minister Hakan Fidan carried a pointed message to Kyiv: Turkey does not want the Russia-Ukraine war spilling into the Black Sea.