TURKEY’S GREY LIST RISK FADES
Turkey is unlikely to return to the “grey list” of jurisdictions that don’t do enough to fight money laundering.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
CENTRAL BANK SPENDS $23.5B IN TWO WEEKS TO DEFEND LIRA
The central bank spent approximately $23.5 billion in foreign exchange interventions during the first two weeks of the Iran war to defend the Turkish lira.
NO DISINFLATION IN SIGHT AS ENERGY COSTS AND EXPECTATIONS SURGE
The government’s efforts to cool down the Turkish economy are falling short as rising energy prices and deteriorating market confidence push inflation targets out of reach.
WALKING ON A TIGHTROPE BETWEEN WASHINGTON AND TEHRAN
The war on Iran has once again revealed the confusing complexities of Turkey’s geostrategic positioning as a middle power between Europe, the Middle East, and Asia.
ANKARA DENIES REPORTS OF IRANIAN GAS CUTOFF
Energy Minister Alparslan Bayraktar denied media reports that Iran stopped natural gas exports to Turkey following an Israeli military strike on the South Pars gas field on March 18.
MILITARY HELICOPTER CRASHED IN QATAR WITH QUESTIONS UNANSWERED
A Qatari Air Force helicopter crashed into the sea, killing a Turkish air defense major, two Aselsan technicians, and four Qatari crew members. Questions remain unanswered, including the type of helicopter, the exact time when it crashed and the site of the crash.
TOP OF THE CLASS LIEUTENANT LOSES CASE TO BE REINSTATED
Ebru Eroğlu, one of five lieutenants expelled from the Turkish Armed Forces (TAF) on the grounds of insubordination for raising their swords in the air and chanting the slogan “We are Mustafa Kemal’s soldiers” during the Military Academy’s swearing-in ceremony on August 30, 2024, lost the lawsuit to return to the military she filed against the Defense Ministry.
A SIGNATURE AND A DELAY IN THE EUROFIGHTER PROJECT
Following the signing of an agreement with the U.K. in Oct. 2025 to procure 40 Eurofighter Typhoon fighter jets, the defense ministers of the two countries signed a contract for technical and logistical support regarding the maintenance and operation of these aircraft.
U.S.-MADE USV WASHES ASHORE ON BLACK SEA COAST
An unmanned surface vessel manufactured in the U.S. was found washed ashore in the Ünye district of Ordu, on the Black Sea coast, on March 21. An unmanned surface vessel (USV) of unknown origin struck the Altura, a Sierra Leone flagged tanker which is owned by a Turkish company, Pergamon Maritime, on March 26 in the Black Sea, 15 miles off the coast of the Bosphorus Strait.
FÜZE / MISSILE
Few Turkish words arrive with less subtlety than füze. Borrowed from the French fusée, it sounds clipped, metallic and modern. It is a word that pierces a sentence rather than softly enters it, except when used in slang. In the mid-20th century, füze was slang for breasts that projected upward; the opposite of pide, or flat, breasts. It is a small linguistic reminder of how the male gaze has long blended the language of warfare with that of desire.
CEM ÖZDEMIR, THE PATH TO STATE PREMIER, AND THE QUESTION OF MIGRATION
In the March 8 election in Baden-Württemberg, Green Party candidate Cem Özdemir came first, edging out the CDU, if only narrowly. So far, so unremarkable. The state has, after all, been governed by the Greens since 2011. But the picture changes when the victor, under the Green banner, is Cem Özdemir.
EU SEEKS SHARE OF TURKEY’S PUBLIC PROCUREMENT IN EXCHANGE FOR MADE IN EUROPE STATUS
The European Union has requested full access to Turkey’s public procurement market as a condition for including Turkish goods under the 'Made in Europe' initiative.