Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkey’s Banking Regulation and Supervision Agency (BDDK) released new data covering the first nine months of 2025, revealing the country’s debt landscape by province. The capital, Ankara, recorded the highest total credit debt, while the central Anatolian province of Karaman had the largest share of citizens unable to repay their loans and facing collection proceedings.
The financial crisis facing companies in Turkey is deepening as the amount of non-performing loans from banks exceeded 519 billion lira as of the week of Oct. 24. In the January-October period of 2025, the number of companies granted a temporary moratorium on debt repayment rose to 2,326, a 72% increase year on year.
As the countdown continues for the NATO Summit to be hosted by Ankara on July 7-8, 2026, preparations are accelerating in the capital. Activity focuses on sites along the approximately 17.5-km route from the Presidential Palace, where the leaders' summit will take place, to the military airfield in Etimesgut.
President of the Turkish Football Federation (TFF) İbrahim Hacıosmanoğlu revealed that 371 of the 571 referees officiating in professional matches had betting accounts, and 152 of them were actively placing bets.
Turkey’s once-mighty dams are losing their power — literally. Electricity generation from the country’s largest hydro plants has fallen by a quarter in the past three decades, a drop experts link to worsening drought and years of poor planning.
Funding for space research was increased from 5 billion lira to 8.7 billion lira, but Turkey's first lunar landing project was postponed for another year, according to the 2026 budget bill submitted to Parliament.
The money laundering investigation into Can Holding has now expanded to the Ciner Group. The probe, which includes charges of fraud, money laundering, smuggling, and forming a criminal organization, now focuses on the $350 million sale of media outlets — including Habertürk, Show TV, and Bloomberg HT — from the Ciner Group to Can Holding. According to Sabah daily, the funds were allegedly transported in suitcases and deposited in banks as cash. Turgay Ciner, once among Turkey’s top taxpayers and currently residing abroad, is now the subject of an arrest warrant.
President Recep Tayyip Erdoğan announced plans to build 500,000 social housing units in all 81 provinces. Erdoğan said the properties would be available for rent from the state for the first time.
At least 27 Turkish nationals were detained when Israeli naval forces intercepted the Global Sumud Flotilla late Oct. 1 as it neared Gaza. The flotilla, composed of over 40 vessels and around 500 passengers, aimed to deliver humanitarian aid.
The CAATSA sanctions imposed by the U.S. for the past six years have also negatively impacted Turkey's aircraft carrier projects.Originally designed to deploy F-35Bs, the first ship named TCG Anadolu was converted into an unmanned aerial vehicle carrier when aircraft could not be procured from the U.S.
The Turkish Presidency spent more than 32 million lira per day in 2024, according to financial records shared by the Court of Accounts. The annual total reached 12.57 billion lira, a significant increase over the previous year, BirGün reported.
Tax inspections generated an additional 15 billion lira ($360 million) by targeting high earners who had not filed income tax returns.