NINE MORE DEFENDANTS RELEASED IN ISTANBUL’S CORRUPTION PROBE
Nine defendants were released at the 53rd hearing of the Istanbul Municipality’s corruption trial, bringing the total number of releases in the case to 51.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
FINAL STEPS UNDERWAY TO DROP US CHARGES AGAINST HALKBANK
Halkbank, the state lender and fourth-largest bank in Turkey by assets, announced that a nine-year-old US criminal case against the bank is getting closer to a complete end. The bank and the US Attorney’s Office for the Southern District of New York submitted a joint plea to the court on June 10, 2026, requesting the dismissal of all charges.
CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37 PERCENT
The central bank kept its benchmark policy rate unchanged at 37% for the third consecutive meeting on June 11, matching the consensus forecast of economists. The Monetary Policy Committee also held its overnight lending rate at 40% and its borrowing rate at 35.5%. The central bank last altered its policy rate in January with a 100-basis-point cut.
MILLIONS OF RETIREES WATCH INFLATION DATA AS PENSION TALKS NEAR
Millions of retirees in Turkey are waiting for official inflation data due on July 3 to learn how much their pensions could increase in the second half of the year. TurkStat will announce June inflation figures on July 3, revealing the inflation rate for the first six months of 2026. The data will determine the basis for pension adjustments. The parliament previously set the minimum pension for workers and self-employed retirees at 20,000 Turkish lira ($434) as of Jan. 1, 2026. Any increase to that minimum pension level will require a new legal regulation.
AKKUYU NUCLEAR PLANT CLOSER TO LAUNCH AFTER CRITICAL TEST
Engineers at Turkey's first nuclear power plant have finished a critical test as part of preparations for the launch planned by the end of 2026, the Energy Ministry said. Technicians successfully loaded 163 simulated fuel assemblies into the reactor pressure vessel of the first unit at the Akkuyu Nuclear Power Plant. The operation is a major milestone in the launch of the country’s first nuclear power facility.
ÖZEL AT A CROSSROADS: THE CHALLENGES AHEAD FOR A NEW PARTY
No sooner had Kemal Kılıçdaroğlu settled into the party leadership — declaring 'first purification, then a congress' in the immediate wake of the absolute nullity ruling — than he did exactly what everyone expected: signed off on expulsions.
ARMENIAN ELECTIONS AND TURKEY’S EXPECTED STEPS FOR PEACE
Nikol Pashinyan’s election victory on June 7, his third in a row since 2018, confirmed the strong desire of the Armenian people to live in peace and prosperity in a functioning democracy as part of the Western World.
ISTANBUL SANG BEFORE ANKARA SPOKE
A few weeks before NATO leaders gather in Ankara, Istanbul hosted a more strange kind of summit. It unfolded not in conference halls, but across ferry terminals, concert queues and crowded streets.
UN ENVOY RETURNS TO CYPRUS WITH FIVE-PLUS-ONE MEETING IN SIGHT
Cyprus is preparing for a summer of diplomatic activity unseen for a long time, as UN Secretary-General Antonio Gueterres makes a last push to solve the decades-old problem before the end of his tenure in December.
TURKEY BECOMES THE FOURTH FOREIGN VISIT FOR VENEZUELAN INTERIM PRESIDENT
After the toppling of Nicolás Maduro by the United States, Delcy Rodríguez, who was installed as Venezuela’s interim president, paid her fourth abroad visit to Turkey on June 8.
ANKARA SENDS MIXED SIGNALS AFTER PASHINYAN ELECTION WIN
Questions about the future of Turkey-Armenia normalization have grown after Turkish Foreign Ministry removed key wording from its statement on Armenian elections, putting pressure on Armenia rather than also pushing Azerbaijan and it took President Recep Tayyip Erdoğan four days to congratulate the Armenian prime minister on his election win.
ERDOĞAN TO OPEN NEW VIP ANKARA AIRPORT, BUT CAN TRUMP'S PLANE TAKE OFF?
President Recep Tayyip Erdoğan is set to inaugurate Ankara's newly overhauled Etimesgut airfield on June 15, just weeks before the NATO Leaders Summit. But whether Air Force One can use it — particularly for takeoff — may depend on which way US President Donald Trump is headed.