TAX AUDIT FOR TEN THOUSAND BIG BUSINESSES
Tax inspections generated an additional 15 billion lira ($360 million) by targeting high earners who had not filed income tax returns.
Analysis
In-Depth Analysis
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TURKEY AND ITALY AGREE LANDING GEAR MAINTENANCE DEAL
Turkey and Italy signed a joint venture agreement for landing-gear maintenance, starting with T129 attack helicopters produced by Turkish Aerospace Industries, and aiming to expand capacity for military and civilian aircraft.The Military Factory and Shipyard Management Corporation of Turkey and Italy’s Magnaghi Aerospace will establish a joint maintenance center in Turkey. The Turkish side plans to extend services to civilian platforms, aiming to make Turkey a regional hub for landing gear maintenance and exports. The deal was signed during the technology and defense festival Teknofest Istanbul, on Sept. 19.
DISMISSAL SPREE IN ERDOĞAN’S AKP AS EIGHT PROVINCIAL CHAIRS REMOVED
In just three days, eight provincial heads from Turkey’s ruling AKP have been dismissed by party leadership — a sweeping move that underscores ongoing internal restructuring efforts.
MABEL MATIZ'S SONG BLOCKED BY COURT DECISION
Access to Turkish pop singer Mabel Matiz’s song Perperişan has been blocked following a court order issued by the Ankara Criminal Court of Peace. The move came at the request of the Family and Social Services Ministry, which claimed the song violated public order and general health regulations.
CENTRAL BANK CUTS CREDIT CARD INTEREST RATES
The Central Bank reduced the calculation margins for credit card cash advances and overdraft account interest rates by 25 basis points.
ANKARA–BEIJING TIES TESTED FROM HOTEL DOORS TO TRADE FLOORS
It is not unusual for a Turkish citizen visiting China to receive a knock on the door in the middle of the night by a police officer. On my third day in China, I received a call from the reception telling me a police officer wanted to come up to my room to ask a few questions. I said that I would come down and while I was trying to get in touch with the German think-tank that had invited me to China, the receptionist and the police officer were at the door of my hotel room.
TURKISH DEFENSE INDUSTRY DEBUTS AT TEKNOFEST
The 13th Teknofest, Turkey’s Aviation, Space, and Technology Festival, is taking place at Istanbul Atatürk Airport from Sept. 17 to 21. The event is organized by the T3 Foundation (Turkey Technology Team) and the Ministry of Industry and Technology.
DEM STAGE WALKOUT AS PEACE TALKS ROCKED BY CONTROVERSIAL SPEECH
The 11th session of Turkey’s parliamentary commission on the Kurdish peace process saw its first major confrontation, as comments from an Islamist group sparked a dramatic walkout by members of the DEM Party.
PEACE TALKS ROCKED BY CONTROVERSIAL SPEECH
The 11th session of Turkey’s parliamentary commission on the Kurdish peace process saw its first major confrontation, as comments made by a representative of the İslami Tebliğ Tedris İlim Hareketi Adamları Association (İTTİHAD) prompted a dramatic walkout by members of the DEM Party. The controversy began when Mehmet Beşir Şimşek, a senior figure in İTTİHAD, addressed the commission on Sept. 18. The group is widely known for its ideological ties to Turkish Hizbullah, which was linked to a series of extrajudicial killings in the 1990s, many involving victims bound and executed using the notorious “pig-tie” method.
ACCESS TO GROK BLOCKED IN TURKEY
Access to Grok, the artificial intelligence bot on the X platform owned by Elon Musk, has been blocked.
THREE-YEAR ECONOMIC ROAD MAP UNVEILED; 2025 INFLATION TARGET RAISED 11 POINTS
Vice President Cevdet Yılmaz unveiled the Medium-Term Program for 2026–28, raising the end-2025 inflation target by 11 points from the previous plan. Yılmaz said real GDP growth targets are 3.8% in 2026, 4.3% in 202, and 5.0% in 2028. The inflation path is 28.5% for end-2025, 16% for end-2026, 9% for 2027, and 8% for 2028.
HÜRJET PASSES CRITICAL TEST
Turkish Aerospace Industries’ (TAI) jet trainer aircraft Hürjet has passed another milestone in the certification process by obtaining the Design Organization Approval (DOA) and Production Organization Approval (POA) certificates, Haluk Görgün, head of Defense Industries, announced on Sept. 10.