Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkish authorities have launched a probe into Investco Holding for allegedly laundering illicit gains obtained in violation of the Capital Markets Law through the stock exchange.
Following the cancellation on Sept. 2 of the CHP Istanbul Provincial Congress, losses on the Istanbul Stock Exchange exceeded 5% within the day. The banking index dropped by more than 8% before rebounding.
Now that the summer season is on, Turkey loves to market itself with the usual package: sun, sea, sand and the occasional sex. But for over a decade now, the country’s most reliable tourism magnet has been a silent fifth S: saç/hair. Or more precisely, saç ektirme/hair transplant.
Turkey has risen to become one of the world’s top tourism destinations, welcoming over 56 million international visitors in 2023. Its appeal lies in a rare combination of sun-soaked beaches, rich cultural heritage, world-class cuisine, and warm hospitality—all easily accessible from Europe, Asia, the Middle East, and Africa. But as prices surge and market dynamics shift, industry insiders warn the sector may be heading toward a critical inflection point.
Donald Trump’s “Liberation Day” tariffs continue to shake the global economy and wreak havoc. Although President Trump announced a 90-day pause for most countries on April 9, letting markets soar after days of economic turmoil, he decided to hit China with further tariffs of an unprecedented 125%. There is no question that this will deepen the trade war with China. Regardless of the tariff pause, all major countries are still reflecting on worst-case scenarios. It is highly disputable whether President Trump will achieve his declared goal of striking fair and balanced trade deals with America’s partners. Let us hope that common sense will prevail and tariffs will be mutually lowered to reasonable levels through negotiations. However, given President Trump’s dithering, there is nothing but turmoil and chaos to be expected on the horizon.