Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Who is back? Ümit Kocasakal. He won the election for president of the Istanbul Bar Association on Oct. 25, returning to the post he held from 2010 to 2016. And which slogan did he bring back with him? “We are the soldiers of Mustafa Kemal.” He and his supporters chanted it together after his victory.
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
The Central Bank cut its benchmark policy rate by 100 basis points to 36% on Oct. 22, its first monetary easing since January, in line with market expectations.
Foreign direct investment (FDI) inflows fell 35% year-over-year in the first eight months of 2026 to $6.8 billion from $10.5 billion recorded during the same period in 2025, according to data released by the International Investors Association (YASED).
A Turkish-owned commercial cargo ship sank in the Black Sea following an Unmanned Aerial Vehicle (UAV) attack, killing all 10 crew members on board, BBC Turkish reported.
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
The last hearing in the second session of the Istanbul Municipality case regarding corruption accusations closed before 6 p.m. for the first time on Sept. 17, after weeks of hearings that had stretched late into the night.
Turkey's central bank held its benchmark interest rate steady on Sept. 10, matching market expectations as energy cost pressures continue to pose risks to the inflation outlook.
The Finance Ministry has finalized preliminary work to redirect short-term capital inflows toward long-term, productive investments, according to a report by Bloomberg HT.
Turkish business leaders aim to grow trade with Syria to $10 billion a year and take part in the country's reconstruction after years of conflict.
On Aug. 10, Turkey’s parliament passed what many will call an amnesty for PKK members, on the strict condition that no one call it that. The word appears nowhere in the law, which is titled, in Turkish, the Law on Strengthening National Solidarity and Social Integration.
The acquisition of French grocery chain Carrefour's Turkish subsidiary, CarrefourSA, by A101's parent company Yeni Mağazacılık, owned by a religious conservative family, has sparked intense online debate over potential restrictions on alcohol sales.