CENTRAL BANK FX SWAP DEPENDENCY FALLS SHARPLY
The central bank’s reliance on foreign exchange swaps has dropped sharply, marking a structural improvement in the quality of the bank’s international reserves.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
FUND SCANDAL PAYOUTS BEGIN AS MSCI FREEZE DEEPENS MARKET TURMOIL
For nearly half a million retail investors caught in Turkey’s worst financial storm in years, compensation has finally begun to flow. But the first cash distributions came as the fallout spread beyond Turkey’s borders: global index provider MSCI froze index changes for Turkish equities on Oct. 15 and warned of a possible downgrade, while prosecutors broadened their probes and lawmakers scrambled to pass emergency legislation.
ANKARA’S TURN TO REMIND EU OF COMMITMENT TO THE RULE OF LAW
Trade Minister Ömer Bolat has taken ownership for managing the EU’s “Made in Europe” initiative, which threatens Turkey with being shut out from the bloc’s new rules on supply chains and public procurement schemes.
ROUND UP THE USUAL PARTNERS
“Casablanca” ends on a fogbound airfield. The plane to Lisbon has gone, and the idealists with it. What remains is a cynic and a prefect of police, each of whom has just discovered how useful the other might be. “Louis,” says Rick, “I think this is the beginning of a beautiful friendship.”
HALK TV’S FATE, ITS EMPLOYEES AND ITS OWNER
Halk TV has been seized. Its broadcasts have been suspended. In effect, this means shutting the channel down. You might ask: “Why seize a television channel like this? We no longer live in the era of a single broadcaster. People can watch whichever channel they want. If they don’t like it, they can switch it off.” But is it really that simple? No.
MORFOZ ON STAGE
Turkish defense industry companies continued testing its newly developed products, such as Morfoz and Gökalp.
DEFENSE SECTOR TIGHTENS SECRECY AS ITS ARSENAL GROWS
SSB warned media not to create open-source intelligence, defense companies banned imported electric vehicles entering the campuses.
RULING AKP RACES TO CONTAIN FUND SCANDAL AS IT REACHES THE CABINET MEMBERS
The ruling party has rapidly rolled out compensation for some victims of the stock market scandal that is rocking the government, and cut ties with one former minister, while the main opposition Yeni Party links two sitting ministers to the affair.
AS SECOND SESSION NEARS TO END, CRACKS SEEN IN ISTANBUL PROBE
A check allegation pits Medya A.Ş. executives against each other, while Istanbul Mayor Ekrem İmamoğlu is expected to deliver his main defense next week, by the end of the second session of the Istanbul municipality corruption trial.
KURDISH GROUPS INTENSIFY PRESSURE ON GOVERNMENT TO START THE RETURN PROCESS
The pro-Kurdish DEM Party has called for the peace process law to be freed from the “tutelage” of the National Security Council (MGK), as a delayed council decision holds up implementation.
CRACKDOWN CONTINUES AGAINST OPPOSITION MAYORS
Operations targeting opposition municipalities continued at full speed as six more operations were launched in eight municipalities, ending with the arrest of five mayors.
MINISTER PLEDGES RESPONSE TO WAVE OF SCHOOL VIOLENCE
The education minister described a wave of lethal violence in schools as a “sickness” and suggested social media is to blame.