Analysis

In-Depth Analysis

Smart, independent reporting on Turkey's politics, economy and foreign affairs.

REALIGNING CORRIDORS: U.S. ENERGY DIPLOMACY AND TURKEY’S STRATEGIC CROSSROADS
Guest Voices Nov 13, 2025

REALIGNING CORRIDORS: U.S. ENERGY DIPLOMACY AND TURKEY’S STRATEGIC CROSSROADS

In early November 2025, two gatherings revealed the evolving architecture of Eurasian energy and resource corridors: the “3+1” Energy Ministerial in Athens, bringing together Greece, Cyprus, Israel, and the United States, and the C5+1 Summit in Washington between the United States and the five Central Asian republics—Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan, and Tajikistan.

Guest Voices
ANKARA LEADS IN CREDIT DEBT, KARAMAN TOPS IN UNPAID LOANS
Economy and Finance Nov 7, 2025

ANKARA LEADS IN CREDIT DEBT, KARAMAN TOPS IN UNPAID LOANS

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.

Editorial Team
NUMBER OF COMPANIES FILING FOR CONCORDAT RISES BY 72%
Economy and Finance Nov 7, 2025

NUMBER OF COMPANIES FILING FOR CONCORDAT RISES BY 72%

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.

Editorial Team
DEFENSE HUB, AIRFIELD RENOVATIONS SHAPE ANKARA’S NATO PREP
Security and Defense Nov 7, 2025

DEFENSE HUB, AIRFIELD RENOVATIONS SHAPE ANKARA’S NATO PREP

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.

Editorial Team
THREE DECADES IN THE MAKING: ALTAY TANK FINALLY ROLLS OUT
Security and Defense Oct 31, 2025

THREE DECADES IN THE MAKING: ALTAY TANK FINALLY ROLLS OUT

The first Altay tank was delivered to the army on Oct. 28, crowning a three-decade push to develop and produce a domestic main battle tank. The project, launched by a 1996 decision of the Defense Industry Executive Committee, aimed to build an indigenous tank using locally developed technologies. However, the finalized model relies on South Korean-made engines and transmission systems.

Editorial Team
$10.7 BILLION FIGHTER DEAL WITHOUT CONCRETE DETAILS
Security and Defense Oct 31, 2025

$10.7 BILLION FIGHTER DEAL WITHOUT CONCRETE DETAILS

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.

Editorial Team
REPUBLIC DAY MARKED BY NEW POLITICAL ALIGNMENTS AND ABSENTEES
Inside Turkey Oct 31, 2025

REPUBLIC DAY MARKED BY NEW POLITICAL ALIGNMENTS AND ABSENTEES

Turkey marked the 102nd anniversary of the Republic with fresh signs of political realignment — reminiscent of the symbolic gestures seen during Parliament’s opening earlier this month. While the chairs of Gelecek Party and DEVA Party, both breakaway movements from the AKP, attended the Presidential Palace reception for the first time, the MHP opted to stay away. Talks on a possible merger among conservative parties are also ongoing.

Editorial Team
CHP’S WAR FOR POWER: NEW FRONTS ON EVERY SIDE
Capital Currents Oct 24, 2025

CHP’S WAR FOR POWER: NEW FRONTS ON EVERY SIDE

With the “change” endorsement from Istanbul Mayor Ekrem İmamoğlu, Özgür Özel became CHP chair and will mark his second year in office in just ten days. Many see this as the “most difficult two years” in the party’s 102-year history, as policies were revised and key positions changed. While also battling lawsuits to annul its congress and ongoing operations against municipalities, the CHP seems poised to fight on new fronts—starting with the possible lifting of parliamentary immunities—as the election calendar nears.

Nergis Demirkaya