GOVERNMENT CONSIDERS 10% TAX ON CORPORATE MONEY MARKET FUNDS
The Finance Ministry has finalized preliminary work to redirect short-term capital inflows toward long-term, productive investments, according to a report by Bloomberg HT.
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CENTRAL BANK RESUMES REPO AUCTIONS, DE FACTO RATE CUT
The central bank has resumed one-week repo auctions after a nearly six-month pause, an operational shift that effectively lowers market funding costs and paves the way for official policy rate cuts.
POLITICAL DICTIONARY OF LAW
On Aug. 10, Turkey’s parliament passed what many will call an amnesty for PKK members, on the strict condition that no one call it that. The word appears nowhere in the law, which is titled, in Turkish, the Law on Strengthening National Solidarity and Social Integration.
GOVERNMENT CUTS DIESEL TAXES TO LOWER FUEL PRICES AND COMBAT INFLATION
The Turkish government has temporarily eliminated the special consumption tax on diesel fuel for the remainder of August in an effort to curb inflation. Pump prices fell by more than 13 percent a day after the government’s decision on Aug. 12.
YRP AND SAADET PARTY TALKS GAIN MOMENTUM
Two parties that once stood as rivals, both claiming the legacy of Necmettin Erbakan — the founding leader of political Islam in Turkey under the name of National View— are continuing merger talks.
İMAMOĞLU FINALLY RESIGNS FROM CHP
Ekrem İmamoğlu, Istanbul’s jailed mayor, announced his resignation from the CHP and his decision to support the Yeni Party three weeks after its founding.
OPERATION TARGETS SÜLEYMANCI GROUP
A financial crimes operation targeting the Süleymancı religious sect, led by Alihan Kuriş, whose given name is Ali Erhan Kuriş, 46, was carried out across 17 provinces. Detention orders were issued for 49 people, including Kuriş.
A NEW SUNNI AXIS?
On Friday — a day of particular symbolic weight for the Islamic world — President Recep Tayyip Erdoğan, Crown Prince Mohammed bin Salman and Prime Minister Shehbaz Sharif put their signatures to a trilateral defense agreement in Mecca, Islam’s holiest city.
İYİ PARTY’S NEW COURSE UNDER MÜSAVAT DERVİŞOĞLU
The İYİ Party was the only party to vote as a bloc against the framework law on the Kurdish peace process. Its instincts on the nationalist right are already well known. But before turning to the party, it is worth dwelling for a moment on its chair. Let us begin with his name: Müsavat.
SYRIA, TURKEY PUSH FOR KURDISH INTEGRATION IN HIGH-LEVEL ANKARA TALKS
Syrian Foreign Minister Asaad Hassan Sheibani held separate talks in Ankara with Turkish Foreign Minister Hakan Fidan and National Intelligence Organization (MİT) Chief İbrahim Kalın, focusing heavily on regional security and the integration of Kurdish armed groups into Damascus’ central authority.
NOT A FILM, ALL TOO REAL: ERDAL BEŞİKÇİOĞLU ARRESTED TOO
Erdal Beşikçioğlu, mayor of Etimesgut, a satellite town of the capital, has been arrested. The charge against him is much the same as those leveled at other CHP mayors: 'Forming a criminal organization for the purpose of corruption.'
TWO YEARS IN THE MAKING, PEACE BILL FINALLY REACHES PARLIAMENT
The long-awaited and kept-under-wraps framework bill that will start the return and release of PKK members was finally submitted to parliament, two years after the process was announced.