Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
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).
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
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.
Ten years after the failed coup, the crackdown on Gülenist-owned businesses has become a revenue stream: the state has collected $1.5 billion from selling off seized firms — and the state fund managing them has grown into one of the country's largest conglomerates, its reach now extending far beyond the Gülenists.
NATO Allies announced on July 7 that over $40 billion will be invested in counter-drone capabilities over the next five years.
Companies showcased $70 billion in products to state leaders at the defense industry forum that took place alongside the NATO Summit in Ankara.
International financial giant Freedom Holding Corp., founded by Kazakh billionaire Timur Turlov, has completed the regulatory approvals to acquire a majority stake in Turkish Bank A.Ş.
Pope Leo XIV, spiritual leader of 1.5 billion Catholics, is making his first overseas trip to Turkey since his May inauguration. The visit, which began Nov. 27 in Ankara, will continue through Nov. 30. The Pope’s trip aims to commemorate a key Christian anniversary and send a message of peace amid efforts to end the war in Ukraine and ease tensions in the Middle East.
The Revenue Administration has announced the top income taxpayers in 2024, with most names once again kept confidential. For the fourth year in a row, Baykar Chair of the Board Selçuk Bayraktar, who is also President Recep Tayyip Erdoğan’s son-in-law, ranked first, paying 2.77 billion lira in income tax.
I had every intention of writing about düğün/wedding this week. Who could resist, after all, the cinematic absurdity of Jeff Bezos’s Venetian wedding extravaganza? It was the sort of wedding you'd rage over for its sheer insouciance over war, poverty, and environmental concerns: a three-day floating carnival of tuxedoed billionaires, Brazilian butts and a $2,000 bottle of tequila airlifted across continents because, apparently, Venice no longer has liquor stores. The bride wore archival Dolce & Gabbana; Ivanka looked pretty in pink and a German-Turkish Bezos lookalike desperately wanted to meet the couple and present a wedding gift. I was far too ready to bitch about arrogant extravagance and muse on Turkish weddings, those long, loud, gold-pinned affairs where uncles compete in folkloric footwork and everyone pretends the damat's family is not agonizing over the costs…