Tugrul Çam

Sweeping reforms to capital markets institutions will hinge on a State Audit Council (DDK) report on the multi-billion-dollar investment fund scandal, with President Recep Tayyip Erdoğan awaiting its findings before taking action.

Turkey’s automotive sector is fighting a rearguard battle in Brussels after France and Germany agreed on Oct. 16 to a “Made in Europe” definition that includes the UK and Norway but leaves Turkey out.

For decades, Turkish foreign policy in the Caucasus rested on a single, unshakeable motto set by former Azerbaijani President Heydar Aliyev: 'One nation, two states.'

For nearly half a million retail investors caught in Turkey’s worst financial storm in years, compensation has finally begun to flow. But the first cash distributions came as the fallout spread beyond Turkey’s borders: global index provider MSCI froze index changes for Turkish equities on Oct. 15 and warned of a possible downgrade, while prosecutors broadened their probes and lawmakers scrambled to pass emergency legislation.

In one of the country’s largest financial scandals, payments to victimized fund investors began and priority will be given to small investors, according to statements from officials.

The central bank and other regulator bodies stepped in to stabilize financial markets after alleged market manipulation, fraud and fund mismanagement sparked a major equity sell-off and corporate defaults.

The government revealed its new Medium-Term Program (OVP) covering 2027–2029, outlining macroeconomic targets that analysts view as unusually realistic while hinting at election preparations for 2027.

Annual consumer inflation in Turkey remained above 30% for the 57th consecutive month in August. Official figures from TurkStat put August inflation at 31.5%, slightly slower than 31.75% in July.

The central bank has resumed one-week repo auctions after a nearly six-month pause, an operational shift that effectively lowers market funding costs and paves the way for official policy rate cuts.

Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.