Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The NATO summit in Ankara provided an important opportunity for Turkey to showcase the progress of its defense industry. By now, few can have missed the fact that Turkey has become the world's 11th-largest arms exporter.
António Guterres will arrive in Cyprus at the end of July, carrying another possibility of peace to an island familiar with such visits. Cyprus diplomacy sometimes resembles Buñuel’s The Discreet Charm of the Bourgeoisie. The guests assemble, the table is laid, and dinner is indefinitely postponed.
The central bank kept its benchmark policy rate unchanged at 37% during its Monetary Policy Committee meeting on July 23, matching market expectations. However, business leaders are increasingly complaining about high borrowing costs, tight credit restrictions, and falling industrial output.
Turkey is weighing the most radical overhaul of its wage-setting system in decades — and experts say it could unleash chaos.
Turkey spent 5.5 times more on interest payments than on public investment in the first half of the year, as debt servicing became the single largest item in a budget that ran a deficit of nearly 1 trillion liras.
A bill aimed at removing technical trade barriers in the automotive and chemical sectors between Turkey and the United Kingdom has been submitted to the Turkish parliament for approval.
The 'two-camp' character of Turkey's media — a divide that long predated the AKP but sharpened under its rule — is shifting after the 'absolute nullity' ruling that is changing the dynamics of Turkish politics.
Özgür Özel, who in a historic decision was removed by court order from the party leadership to which he had been elected four times, announced his decision to establish a new party.
Unwilling to risk the Republicans losing their representative power, Ankara has accelerated its efforts to push the US to lift its arms embargo.
A series of notable moves targeting companies producing 155 mm ammunition ammunition has taken place in recent days.
Özgür Özel, ousted as CHP chair by a court ruling, is preparing to set up a new party even as legal threats mount against him and his allies. The party is likely to be called Yeni Party (New Party), Özel said. 'We are working on the name and the logo. The name has started to become clear. There is a generally accepted name, while the logo is still being worked on. For now, let's call it 'Yeni Party.' Until there is a new name, let's say Yeni Party,' Özel told SZC TV. 'The statute and the program are being written. The official step will be taken at the end of July or the beginning of August,' Özel told the channel at parliament ahead of a special session marking the 10th anniversary of the failed coup attempt.
Foreign Minister Hakan Fidan carried a pointed message to Kyiv: Turkey does not want the Russia-Ukraine war spilling into the Black Sea.