ANKARA ACTIVATES TAX SHIELD TO CUSHION IMPACT OF OIL SURGE
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.
The government decided not to increase the holiday bonus paid to retirees, despite rising inflation and growing public expectations. Instead, officials began studying alternative support models aimed at low-income pensioners.
Tanıl Bora, who quietly reads, translates, and writes books, suddenly became a target last week after Özgür Özel and Ekrem İmamoğlu announced that they were reading his book “Cereyanlar” (Currents of Thought).
The U.S. and Israel have started a war against Iran, although Trump does not want to call it as such. I saw no way out of the impasse between the two parties, although the Iranian side was optimistic after the third round of nuclear talks.
Turkish defense and software company HAVELSAN said its Flight Training Device Level 2 simulator for Boeing 737 Next Generation aircraft has received FNPT II MCC and FTD Level 2 certification, making it the first platform produced and certified at this level in Turkey.
Turkish armored vehicle manufacturer Nurol Makina is shifting its role in Europe from supplier to co-producer through a new agreement to manufacture 800 Gidrán 4x4 armored vehicles for Hungary.
NATO promptly reacted by condemning Iran after a missile targeted the Turkish border, saying: “We condemn Iran’s targeting of Türkiye. NATO stands firmly with all Allies, including Türkiye.'
In a rare diplomatic spat in the local language, the Russian and French diplomatic missions in Ankara traded barbs on social media over the ongoing war in Ukraine amid the war’s anniversary. The dispute, which drew attention from Turkish users, shifted from geopolitical accusations to historical insults and the use of emojis.
On Feb. 23, four separate courts in Istanbul and Ankara heard cases involving the CHP congress, corruption claims by businessperson and confessor Aziz İhsan Aktaş, accusations about its provincial chair, and the trial of a party bus driver.
Energy Minister Alparslan Bayraktar said that they are in 'close and intensive' talks with the Korea Electric Power Corporation (KEPCO) for the construction of new nuclear reactors.
The secularism-versus-religion debate continues in full force, with the ruling alliance fueling tensions after a father who objected to the use of a religious hymn as a school bell at his child’s school in Kocaeli’s Derince district was detained.
Turkey and Armenia appear closer to normalization, with the launch of direct flights by Turkish Airlines and plans to open border gates. Armenian Prime Minister Nikol Pashinyan said he expects tangible progress “within a short period” on reopening long-closed land borders and increasing flights between Istanbul and Yerevan.