Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
The Turkish Presidency spent more than 32 million lira per day in 2024, according to financial records shared by the Court of Accounts. The annual total reached 12.57 billion lira, a significant increase over the previous year, BirGün reported.
Turkey cannot “design” Syria when others pay the money. The Turkish government lacks the financial resources to put Syria back on its feet. And time is of the essence because, if the new administration is slow in delivering stability, the already big challenges will become even bigger. “We don’t have the money, but we have the capacity,” said a Turkish diplomat. “We need to work for the right model in Syria and use our state capacity to provide our institutional support,” added the diplomat.
Silkelemek, or its shorthand version silkmek (shake-up, verb), carries energy, vigor, and occasionally a political punch. From its Ottoman roots to its modern interpretations, silkelemek has evolved into a word that shakes not only rugs and wrestlers but also bureaucracies, political rivals, and even dreams. At its core, silkelemek is a practical term. It conjures up vivid images of traditional housewives shaking rugs over balconies to rid them of dust. In Turkish dream interpretations, shaking a rug suggests a tranquil and orderly life, free of disruptions. It can also signify divine favor or answered prayers. Shake a rug off a balcony, and it symbolizes the achievement of long-pursued goals. Shake a dusty rug? Bid farewell to financial troubles. And if someone else shakes it for you? Expect wise decisions and peace of mind.