TURKEY EYES SPOT AMONG WORLD’S LEADING DEFENSE EXPORTERS
Turkey is set to become one of the world’s top 10 defense exporters this year, according to Treasury and Finance Minister Mehmet Şimşek.
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MARKETS RECOVER AFTER CHP DECISION
The postponement of the decision in the lawsuit to cancel the CHP's 38th regular congress brought short-term relief to the markets. The BIST 100 index gained 5% following the decision. The banking index also gained over 6%. The risk premium reached 261 basis points, the lowest in about six months.
TURKISH DEFENSE INDUSTRY DEBUTS AT TEKNOFEST
The 13th Teknofest, Turkey’s Aviation, Space, and Technology Festival, is taking place at Istanbul Atatürk Airport from Sept. 17 to 21. The event is organized by the T3 Foundation (Turkey Technology Team) and the Ministry of Industry and Technology.
MKE TO EXPORT 20MM AMMUNITION TO POLAND
Turkey’s state-owned Mechanical and Chemical Industry Corporation (MKE) has signed an agreement to supply 20mm ammunition to Poland for use with KAI FA-50GF Block 10 light combat aircraft.
ASELSAN MODERNIZES KORAL ELECTRONIC ATTACK SYSTEM
Aselsan has completed modernization work on its Koral Ground-Based Electronic Support and Electronic Attack system, which has been in service with the Turkish Armed Forces since 2016.
DEM STAGE WALKOUT AS PEACE TALKS ROCKED BY CONTROVERSIAL SPEECH
The 11th session of Turkey’s parliamentary commission on the Kurdish peace process saw its first major confrontation, as comments from an Islamist group sparked a dramatic walkout by members of the DEM Party.
PEACE TALKS ROCKED BY CONTROVERSIAL SPEECH
The 11th session of Turkey’s parliamentary commission on the Kurdish peace process saw its first major confrontation, as comments made by a representative of the İslami Tebliğ Tedris İlim Hareketi Adamları Association (İTTİHAD) prompted a dramatic walkout by members of the DEM Party. The controversy began when Mehmet Beşir Şimşek, a senior figure in İTTİHAD, addressed the commission on Sept. 18. The group is widely known for its ideological ties to Turkish Hizbullah, which was linked to a series of extrajudicial killings in the 1990s, many involving victims bound and executed using the notorious “pig-tie” method.
GÜRSEL TEKİN, WHERE TO?
Gürsel Tekin is the child of a family that migrated to Istanbul immediately after the 1980 military coup that turned Turkey upside down. The family’s roots lie in the province that was then called Kars, now Ardahan—a region where leftist and socialist movements were strong before the coup.
THREE-YEAR ECONOMIC ROAD MAP UNVEILED; 2025 INFLATION TARGET RAISED 11 POINTS
Vice President Cevdet Yılmaz unveiled the Medium-Term Program for 2026–28, raising the end-2025 inflation target by 11 points from the previous plan. Yılmaz said real GDP growth targets are 3.8% in 2026, 4.3% in 202, and 5.0% in 2028. The inflation path is 28.5% for end-2025, 16% for end-2026, 9% for 2027, and 8% for 2028.
HÜRJET PASSES CRITICAL TEST
Turkish Aerospace Industries’ (TAI) jet trainer aircraft Hürjet has passed another milestone in the certification process by obtaining the Design Organization Approval (DOA) and Production Organization Approval (POA) certificates, Haluk Görgün, head of Defense Industries, announced on Sept. 10.
İYİ PARTY TO CHALLENGE 2017 REFERENDUM OVER UNSTAMPED BALLOTS
İYİ Party Deputy Chair Hakan Şeref Olgun said he is preparing to file a lawsuit contesting the 2017 constitutional referendum, in which the Supreme Election Board accepted unstamped ballots.
HABERTÜRK AND SHOW TV SEIZED IN FRAUD PROBE
Authorities seized Habertürk, Show TV and Bloomberg HT, along with 121 other companies tied to Can Holding, after the Küçükçekmece Chief Prosecutor’s Office issued arrest warrants for eight people, including owners Mehmet Şakir Can, Kemal Can, and Chairman of the Board Kenan Tekdağ. The suspects face charges of forming a criminal organization, smuggling, fraud, and money laundering.