WITH INFLATION AT 5-YEAR LOW, MARKETS EYE MODEST RATE CUT
For the first time in nearly five years, Turkey’s annual inflation rate slipped below 30%, giving the central bank room to consider easing monetary policy at its meeting on Oct. 22.
Analysis
In-Depth Analysis
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ELECTRONICS GIANT VESTEL IN SEVERE FINANCIAL DISTRESS
Electronics and home appliances exporter Vestel Elektronik faces growing financial pressure as Moody’s cut its long-term rating and warned of a very high risk of default.
CALLS FOR CONSTITUTIONAL COURT TO OVERTURN INTERNET BLOCKS
Scores of journalists, activists, and politicians gathered outside the Constitutional Court Oct. 7 to protest censorship of social media accounts.
AKP GAINS UPPER HAND AS IZMIR MAYOR SWITCHES SIDES
“Flowers bloom on the mountains of Izmir / The golden sun scatters gold thread there / The routed enemies all flee like the wind / Long live Mustafa Kemal Pasha, long live! Your name will be inscribed on a jeweled stone.”
FUND SCANDAL EXPOSES TWO-TIER JUSTICE, AS GOVERNMENT FAST TRACKS MEASURES
The government is seeking to create the impression that it is cutting ties with those involved in the stock market scandal and has launched an investigation, announcing that up to a million liras of losses will be repaid to investors soon. But the opposition calls it the 'corruption of the century' and is seeking a parliamentary inquiry.
OCTOBER HOPES FADE AS MGK STAYS SILENT ON PKK DISARMAMENT
Expectations that the Framework Law on the Terror-Free Turkey process would take effect in October have shifted to December.
JAILED ATALAY STARTS HUNGER STRIKE AS OPPOSITION PROTESTS ERDOĞAN AT PARLIAMENT'S OPENING
Can Atalay, stripped of his parliamentary seat and held in prison since 2022, began a hunger strike as parliament reconvened on Oct. 1, while the main opposition Yeni Party walked out when President Recep Tayyip Erdoğan took the floor during the opening speech.
ISTANBUL MUNICIPALITY TRIAL: INFORMANT TESTIMONY RUNS ON HEARSAY, ONLY FOUR RELEASED
The court released four defendants, while informants who testified under effective remorse provisions refused to answer most questions from defense lawyers during cross-examination, claiming their previous testimonies were based on hearsay.
NEW PROBE TARGETS FOOTBALL REFEREES
A judicial investigation has spread to top-tier football referees, leading to the detention of Central Referee Committee (MHK) Chair Ferhat Gündoğdu and six other officials.
EUROPE, RUSSIA AND CHINA: TURKEY’S NARROWING ROOM FOR MANEUVER
“The European Union will open its vast economy to countries waiting to join its ranks, provided they agree to stand with the bloc against hostile states and industrial rivals, according to a draft European Commission proposal obtained by POLITICO.”
MADE IN TÜRKİYE
In December of last year, the Chinese carmaker SWM Motors began production in Eskişehir, with ambitious plans. Annual production of 20,000 to 25,000 vehicles was to grow substantially and the factory was eventually to serve as a base for exports to the Balkans and neighboring markets.
GOVERNMENT PREPARES REGULATORY OVERHAUL
The government is preparing comprehensive reforms across its financial regulatory bodies following the massive investment fund crisis that shook domestic markets.