Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
For nearly half a million retail investors caught in Turkey’s worst financial storm in years, compensation has finally begun to flow. But the first cash distributions came as the fallout spread beyond Turkey’s borders: global index provider MSCI froze index changes for Turkish equities on Oct. 15 and warned of a possible downgrade, while prosecutors broadened their probes and lawmakers scrambled to pass emergency legislation.
Trade Minister Ömer Bolat has taken ownership for managing the EU’s “Made in Europe” initiative, which threatens Turkey with being shut out from the bloc’s new rules on supply chains and public procurement schemes.
Halk TV has been seized. Its broadcasts have been suspended. In effect, this means shutting the channel down. You might ask: “Why seize a television channel like this? We no longer live in the era of a single broadcaster. People can watch whichever channel they want. If they don’t like it, they can switch it off.” But is it really that simple? No.
Ankara may nominate Feridun Sinirlioğlu for UN secretary-general, a Turkish official told Turkey in Depth, but the move hinges on a tentatively expected color-coded straw poll expected next week: if a permanent member signals a veto against frontrunner Rebeca Grynspan, Turkey is likely to propose its candidate.
For the first time in nearly five years, Turkey’s annual inflation rate slipped below 30%, giving the central bank room to consider easing monetary policy at its meeting on Oct. 22.
Expectations that the Framework Law on the Terror-Free Turkey process would take effect in October have shifted to December.
An Istanbul court ordered the continued detention of Istanbul Mayor Ekrem İmamoğlu, campaign director Necati Özkan, journalist Merdan Yanardağ, and businessperson Hüseyin Gün during the latest hearing in their political espionage trial.
The Parliamentary Assembly of the Council of Europe (PACE) adopted a resolution on Oct. 1 condemning what it called a coordinated campaign against LGBTQ+ people and rights defenders in Turkey.
“The European Union will open its vast economy to countries waiting to join its ranks, provided they agree to stand with the bloc against hostile states and industrial rivals, according to a draft European Commission proposal obtained by POLITICO.”
Access to T24, one of Turkey's oldest and biggest independent news websites, was blocked along with thousands of critical X accounts, including that of Turkey in Depth.
Fatma Betül Sayan Kaya is a politician who has figured prominently in the latest investment fund scandal. She and her husband made staggering sums from funds in a very short time.
More than one and a half years into US President Donald Trump’s second term, despite repeated positive messages from both sides regarding lifting the arms embargo on Turkey, neither Ankara nor Washington has taken steps to meet their commitments.