Editorial Team

In just three days, seven provincial heads from Turkey’s ruling AKP have announced their resignations, each expressing loyalty to the party and its leader, President Recep Tayyip Erdoğan.

U.S. President Donald Trump will host Turkish President Recep Tayyip Erdoğan at the White House on Sept. 25, shortly after both leaders attend the UN General Assembly in New York. Their talks are expected to focus on defense and trade, including Boeing aircraft sales, a major F-16 package, and the potential revival of discussions on the suspended F-35 program.

Merve Göntem, screenwriter of the popular TV series Kızılcık Şerbeti (Cranberry Sorbet), was detained at her home in Istanbul’s Cihangir district over comments made during a YouTube interview four years ago.

After the seizure of Can Holding Media Group, one of Turkey’s largest conventional media conglomerates, Kenan Tekdağ, chair of the Board of Directors, was detained in hospital, then placed under house arrest and banned from leaving the country.

Changes have been made in the upper management of Bengü Türk TV, associated with the MHP.

Access to Turkish pop singer Mabel Matiz’s song Perperişan has been blocked following a court order issued by the Ankara Criminal Court of Peace. The move came at the request of the Family and Social Services Ministry, which claimed the song violated public order and general health regulations.

Turkey is set to become one of the world’s top 10 defense exporters this year, according to Treasury and Finance Minister Mehmet Şimşek.

The postponement of the decision in the lawsuit to cancel the CHP's 38th regular congress brought short-term relief to the markets. The BIST 100 index gained 5% following the decision. The banking index also gained over 6%. The risk premium reached 261 basis points, the lowest in about six months.

Turkish authorities have launched a probe into Investco Holding for allegedly laundering illicit gains obtained in violation of the Capital Markets Law through the stock exchange.

The Central Bank reduced the calculation margins for credit card cash advances and overdraft account interest rates by 25 basis points.