Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
Following lengthy negotiations, an agreement for Turkey to procure 20 Eurofighter Typhoon Tranche 4 fighter jets from the UK was signed in Ankara on Oct. 27. Turkey will increase the number of aircraft in its Eurofighter fleet to 44 by procuring 12 second-hand Typhoons each from Qatar and Oman. The $10.7 billion (£8 billion) payment to the U.K. under the agreement has become a subject of debate in Turkish domestic politics, as the details of the package were not announced.
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.
Veteran Kurdish politician Ahmet Türk of the DEM Party has been acquitted of charges of promoting terrorist propaganda over a 2011 speech in Siirt, which had formed the legal basis for his replacement by a trustee as mayor of Mardin.
The State Theaters have recently come under the spotlight due to a protest. The incident took place during the traditional Afife Jale Awards ceremony. Who was Afife Jale? In the early 20th century, when Istanbul was still under occupation, she became the first Turkish woman to appear on stage. The awards are presented every year in her memory.
When the AKP came to power it had to prove to the outside world that it was not an Islamist party. The way to convince Western capitals went through luring in Israel and the Jewish lobby. By 2008, the party had consolidated power internally and received a high degree of acceptance from the Western capitals, which led to overconfidence. When the Arab Spring began, the AKP did not have to hide its true ideological leaning. Convinced that the moment for political Islam had finally come, the AKPs ruling elites did not hide their ambition to lead Muslim Brotherhood to power in Middle Eastern countries.
The setbacks and delays encountered in the Altay tank project, launched in 2007, have become a subject of political debate, while uncertainty remains over whether it will go into mass production.
Serdar Öktem, a lawyer affiliated with the MHP and a defendant in the 2022 assassination case of former Grey Wolves leader Sinan Ateş, died after being shot outside his office by masked assailants on Oct. 6. The attackers opened fire while Öktem was inside his car in front of his office on Büyükdere Avenue in Istanbul’s Zincirlikuyu district. Surveillance video showed six bullet holes in the window of his car. Despite emergency medical intervention, Öktem succumbed to his injuries at the hospital.
Turkey froze the assets of 18 institutions and 20 individuals linked to Iran, including the Atomic Energy Organization of Iran, a day before hosting Iranian Defense Minister Brig. Gen. Aziz Nasirzade in Ankara.
Trumpeting that Turkey is on the way to making its fighter jet Kaan, Turkey faced the reality that it was impossible to produce them by 2028, the expected election year, as promised to the public. Foreign Minister Hakan Fidan acknowledged that the future of the project depends on the U.S. Congress and U.S. CAATSA sanctions imposed on Turkey. Fidan’s goals and President Recep Tayyip Erdoğan’s knowledge of the situation topped the agenda.
Talent manager Ayşe Barım, on trial for allegedly attempting to overthrow the government in connection with the 2013 Gezi Park protests, was briefly granted conditional release under judicial supervision—until an upper court overturned the ruling and issued a new arrest warrant just as she was about to undergo a medical procedure.