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.
The number of electric vehicle charging sockets across Turkey exceeded 45,000 in June, according to data released by the Energy Market Regulatory Authority (EPDK).
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.
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.
Turkey is shaken by the misdoings of an Anatolian rock singer Haluk Levent, who once topped the list of Turkey's 'most trusted celebrities' due to his leadership of the respected charity organization Ahbap.
Roketsan has acquired Assan's assets, which had been seized by the government, from the TMSF, which was appointed trustee.
Foreign investors' confidence in Turkish equities is under mounting pressure as two of the world's leading index providers signaled Istanbul's stock market could face a downgrade. Morgan Stanley Capital International (MSCI) issued another warning regarding investment accessibility and shareholder transparency, announcing it may re-evaluate free-float structures on a company-by-company basis and reclassify certain shareholders as 'non-free float' to address distorted calculations driven by coordinated fund actions.
In a July 2 joint statement with the European Union following the High-Level Economic Dialogue, Turkey agreed that EU-Turkey relations “should continue to be guided by values, such as respect for the rule of law, fundamental rights, democracy and media freedom.”
The presiding judge insisted on concluding the first hearing of the Istanbul corruption trial on July 9, thereby restricting the right to defense in the Istanbul corruption trial for the first time in the four months since it began.
International financial giant Freedom Holding Corp., founded by Kazakh billionaire Timur Turlov, has completed the regulatory approvals to acquire a majority stake in Turkish Bank A.Ş.
For a country surrounded by seas, Turkey has made remarkably turbulent use of the name Deniz. It means “sea,” of course. Calm, blue, generous, occasionally treacherous.
The ruling AKP submitted the omnibus bill known as the 12th Judicial Package to parliament. The draft law aims to increase judicial efficiency. However, the AKP group stripped the document of numerous highly debated articles originally proposed by the Justice Ministry.