Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
A check allegation pits Medya A.Ş. executives against each other, while Istanbul Mayor Ekrem İmamoğlu is expected to deliver his main defense next week, by the end of the second session of the Istanbul municipality corruption trial.
Operations targeting opposition municipalities continued at full speed as six more operations were launched in eight municipalities, ending with the arrest of five mayors.
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.
At the beginning, he was not so sure whether having a co-chairmanship for COP31 would work well, confessed Fatih Birol, the executive director of the International Energy Agency (IEA).
Electronics and home appliances exporter Vestel Elektronik faces growing financial pressure as Moody’s cut its long-term rating and warned of a very high risk of default.
The government is seeking to create the impression that it is cutting ties with those involved in the stock market scandal and has launched an investigation, announcing that up to a million liras of losses will be repaid to investors soon. But the opposition calls it the 'corruption of the century' and is seeking a parliamentary inquiry.
Expectations that the Framework Law on the Terror-Free Turkey process would take effect in October have shifted to December.
The court released four defendants, while informants who testified under effective remorse provisions refused to answer most questions from defense lawyers during cross-examination, claiming their previous testimonies were based on hearsay.
A judicial investigation has spread to top-tier football referees, leading to the detention of Central Referee Committee (MHK) Chair Ferhat Gündoğdu and six other officials.
In December of last year, the Chinese carmaker SWM Motors began production in Eskişehir, with ambitious plans. Annual production of 20,000 to 25,000 vehicles was to grow substantially and the factory was eventually to serve as a base for exports to the Balkans and neighboring markets.
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.