Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
To get off the streets in the winter time and have access to food, a homeless man in the Mediterranean resort Alanya insulted President Recep Tayyip Erdoğan since he had nowhere to live. The court sent him to prison as he wanted, reportedly not for the first time, while thousands of people try to escape from similar legal cases.
Journalists will take to the streets on Oct. 24 to urge the government to end the detentions, arrests, blockages, access bans and all kinds of pressure on media members as the crackdown escalated after the liquidation of investment funds.
The Central Bank cut its benchmark policy rate by 100 basis points to 36% on Oct. 22, its first monetary easing since January, in line with market expectations.
More than a month after the fund collapse occurred, the shockwaves continue to rock the stock market. The crisis wiped out trillions of liras in corporate market capitalization and drove key valuation metrics to multi-year lows in Borsa Istanbul.
Turkey’s automotive sector is fighting a rearguard battle in Brussels after France and Germany agreed on Oct. 16 to a “Made in Europe” definition that includes the UK and Norway but leaves Turkey out.
Next month Antalya hosts COP31, Nov. 9-20. Ankara has sent two invitations to Cyprus: one, through the conference organizers, to the president of the Republic of Cyprus, and one, from President Recep Tayyip Erdoğan, to the president of the Turkish Republic of Northern Cyprus.
I was in Belgrade at the beginning of the month. I started to talk about the political situation in Serbia with the relatively young-looking driver.
President Recep Tayyip Erdoğan held a telephone call with Azerbaijani President Ilham Aliyev in an effort to defuse a sharpening diplomatic rift between the historic allies, even as Baku escalated its stance by barring dozens of Turkish figures and initiating criminal proceedings against online critics.
Eight ministers will take up four regional files at their first joint meeting. Their host, Turkey, plans to raise nearly every other problem on the international agenda, all in a single day.
The first bilateral visit by a Canadian prime minister yields deals on defense, energy and air transport as Ottawa seeks to reduce its reliance on the US and makes a sharp U-turn toward finding alternative partners.
Bursa lawmaker Cemalettin Kani Torun, who left the Yeni Yol Party group of conservative opposition lawmakers in August soon after the Gelecek Party dissolved itself, joined the AKP and will be an adviser to President Recep Tayyip Erdoğan on the Terror-Free Turkey process and on Africa policy.