BAHÇELİ BROKERS HANDSHAKE BETWEEN RIVAL TRABZON MOBSTERS
MHP Chair Devlet Bahçeli brought together Sedat Şahin and Burhanettin Saral at the party's Ankara headquarters on Sept. 26, ending a feud of more than 20 years.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
STEPS ON DISARMAMENT AND ÖCALAN’S STATUS ARE EXPECTED
With the start of the new legislative year on Oct. 1, the main agenda will be the ongoing peace process concerning the Kurdish issue, which faces gridlock about the timing of demands over disarmament, legal guarantees, and the official status of jailed PKK leader Abdullah Öcalan.
THE MAN INSIDE THE COAT
Nasreddin Hoca, the wise and witty Turkish folk hero, once arrived at a dinner in his ordinary clothes and discovered that nobody thought him worth much attention. He went home, put on his finest fur coat and returned. This time he was welcomed warmly, seated at the table and offered the best food. So Hoca began dipping the sleeve of his coat into the dishes.
A SLOW-MOTION FINANCIAL CRASH AND WARNINGS TURKEY IGNORED FUELS SPECULATIONS ABOUT ŞİMŞEK
For over a week, a single issue was on Turkey’s agenda: What happened to the money in the funds? Finance Minister Mehmet Şimşek, who had stayed silent on the crisis since it began and faced growing speculation that he would be fired, broke his silence on Sept. 24 to deny that he was leaving.
GARANTI BBVA FINED 1.55 BILLION LIRA
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
APPAREL MAKERS TURN TO SYRIA AND UZBEKISTAN
Rising labor and production costs are forcing Turkish apparel manufacturers to seek new low-cost hubs, turning to Syria and Uzbekistan after previously expanding into Egypt.
LIMITED SUPPORT TO SAUDI ARABIA AS HOUTHI ATTACKS INTENSIFY
As Houthi attacks against Saudi Arabia intensify, Turkey is preparing to provide technical military support to its ally in the Mecca Pact.
VIDEO REVEALS LEGAL FEUD BETWEEN FORMER PRIME MINISTERS
Former Prime Minister Binali Yıldırım won a defamation lawsuit against his predecessor Ahmet Davutoğlu, pro-government columnist Abdülkadir Selvi revealed.
FUND CRISIS HAMMERS MARKETS, SPARKS INTERVENTION
The central bank and other regulator bodies stepped in to stabilize financial markets after alleged market manipulation, fraud and fund mismanagement sparked a major equity sell-off and corporate defaults.
PROSECUTORS LAUNCH CRACKDOWN ON PRODUCE WHOLESALERS
Authorities have launched a judicial operation against major produce distributors, detaining scores of executive-level figures for artificially inflating wholesale fruit and vegetable prices amid high food inflation.
CHINESE TRAVEL PLATFORM PREPARES TURKEY ENTRY
Fliggy, Chinese tech giant Alibaba’s travel platform, is preparing to enter the Turkish market as parliament considers new legislation to regulate foreign digital booking platforms.
THE MECCA TRAP: WHY TURKEY'S NEW PACT BETRAYS ITS OWN INTERESTS
The Mecca Joint defense Agreement signed by Turkey, Saudi Arabia, and Pakistan at the beginning of last month came as a surprise to many, although Turkey was interested in joining the defense agreement signed by the latter two a year ago. The new agreement goes further than defense cooperation due to a collective security pledge modelled on NATO’s famous Article 5.