Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Journalists will take to the streets on Oct. 24 to urge the government to end the detentions, arrests, blockages, access bans and all kinds of pressure on media members as the crackdown escalated after the liquidation of investment funds.
The pro-Kurdish DEM Party has called for the peace process law to be freed from the “tutelage” of the National Security Council (MGK), as a delayed council decision holds up implementation.
Electronics and home appliances exporter Vestel Elektronik faces growing financial pressure as Moody’s cut its long-term rating and warned of a very high risk of default.
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.
Unwilling to risk the Republicans losing their representative power, Ankara has accelerated its efforts to push the US to lift its arms embargo.
The DEM Party is intensifying pressure on the AKP/MHP ruling alliance to pass the framework law underpinning Turkey's Kurdish peace process before parliament enters for its summer recess — even as the party struggles to extract details of the draft from the AKP. The push has produced a flurry of contacts. İmralı Delegation members Pervin Buldan and Mithat Sancar, together with Faik Özgür Erol, met AKP Deputy Chair Efkan Ala and AKP Group Chair Abdullah Güler on July 15, and MHP Chair Devlet Bahçeli at his office in parliament the following day. Asked about the talks, Buldan declined to elaborate: 'We will not give information on the content.'
Most market participants expect the central bank to keep the policy rate unchanged at 37% when it meets on July 23, but pressure is building for a cut and some experts are calling for a wholesale shift in monetary policy.
Foreign investors' confidence in Turkish equities is under mounting pressure as two of the world's leading index providers signaled Istanbul's stock market could face a downgrade. Morgan Stanley Capital International (MSCI) issued another warning regarding investment accessibility and shareholder transparency, announcing it may re-evaluate free-float structures on a company-by-company basis and reclassify certain shareholders as 'non-free float' to address distorted calculations driven by coordinated fund actions.
Turkey's political agenda is expected to pivot sharply from diplomacy to domestic maneuvering as post-NATO scenarios dominate the discussion from July 9 onward. The conclusion of the NATO Ankara Summit, widely seen as an international success for Turkey and President Recep Tayyip Erdoğan personally, has triggered intense political speculation amid increasing pressure on dissidents.
Engineers at Turkey's first nuclear power plant have finished a critical test as part of preparations for the launch planned by the end of 2026, the Energy Ministry said. Technicians successfully loaded 163 simulated fuel assemblies into the reactor pressure vessel of the first unit at the Akkuyu Nuclear Power Plant. The operation is a major milestone in the launch of the country’s first nuclear power facility.
Questions about the future of Turkey-Armenia normalization have grown after Turkish Foreign Ministry removed key wording from its statement on Armenian elections, putting pressure on Armenia rather than also pushing Azerbaijan and it took President Recep Tayyip Erdoğan four days to congratulate the Armenian prime minister on his election win.
As Armenia heads toward the pivotal June 7 elections — widely seen as critical for the continuity of Prime Minister Nikol Pashinyan’s peace agenda — Turkey has accelerated the normalization process, while Russia has intensified pressure on Yerevan through sanctions.