Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The postponement of the decision in the lawsuit to cancel the CHP's 38th regular congress brought short-term relief to the markets. The BIST 100 index gained 5% following the decision. The banking index also gained over 6%. The risk premium reached 261 basis points, the lowest in about six months.
The Central Bank reduced the calculation margins for credit card cash advances and overdraft account interest rates by 25 basis points.
It is not unusual for a Turkish citizen visiting China to receive a knock on the door in the middle of the night by a police officer. On my third day in China, I received a call from the reception telling me a police officer wanted to come up to my room to ask a few questions. I said that I would come down and while I was trying to get in touch with the German think-tank that had invited me to China, the receptionist and the police officer were at the door of my hotel room.
Turkey’s state-owned Mechanical and Chemical Industry Corporation (MKE) has signed an agreement to supply 20mm ammunition to Poland for use with KAI FA-50GF Block 10 light combat aircraft.
Aselsan has completed modernization work on its Koral Ground-Based Electronic Support and Electronic Attack system, which has been in service with the Turkish Armed Forces since 2016.
A surprising development could break the six-year impasse between Turkey and the United States over Ankara’s purchase of Russian S-400 air defense systems. According to diplomatic and defense sources, Moscow has proposed to take the systems back.
Israeli Prime Minister Benjamin Netanyahu's reference to President Recep Tayyip Erdoğan over Jerusalem has sparked a new controversy between the two leaders.
Soon after Israel launched a major ground offensive in Gaza City, President Recep Tayyip Erdoğan hosted Palestinian President Mahmoud Abbas for an unofficial visit in the Turkish capital.
President Recep Tayyip Erdoğan has appointed Istanbul Mufti Professor Safi Arpaguş as the new head of Turkey’s Religious Affairs Directorate (Diyanet), replacing Ali Erbaş, whose term has ended after the completion of his term, according to a decree published in the Official Gazette.
DEM Party MP Cengiz Çandar said that despite public support for the ongoing peace process in Turkey being at 70 %, the trust rate is lower due to a lack of information.
MHP Chair Devlet Bahçeli called for a probe into whether a new “parallel” structure has infiltrated the bureaucracy, ahead of criticisms of the judiciary. In comments about juvenile offenders, he recalled how the Gülen Terrorist Organization had established parallel networks within the government to cause chaos.
The 11th session of Turkey’s parliamentary commission on the Kurdish peace process saw its first major confrontation, as comments from an Islamist group sparked a dramatic walkout by members of the DEM Party.