Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
After the seizure of Can Holding Media Group, one of Turkey’s largest conventional media conglomerates, Kenan Tekdağ, chair of the Board of Directors, was detained in hospital, then placed under house arrest and banned from leaving the country.
Changes have been made in the upper management of Bengü Türk TV, associated with the MHP.
Access to Turkish pop singer Mabel Matiz’s song Perperişan has been blocked following a court order issued by the Ankara Criminal Court of Peace. The move came at the request of the Family and Social Services Ministry, which claimed the song violated public order and general health regulations.
Turkey is set to become one of the world’s top 10 defense exporters this year, according to Treasury and Finance Minister Mehmet Şimşek.
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.
Turkish authorities have launched a probe into Investco Holding for allegedly laundering illicit gains obtained in violation of the Capital Markets Law through the stock exchange.
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.
The 13th Teknofest, Turkey’s Aviation, Space, and Technology Festival, is taking place at Istanbul Atatürk Airport from Sept. 17 to 21. The event is organized by the T3 Foundation (Turkey Technology Team) and the Ministry of Industry and Technology.
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.
The firing tests of the armed unmanned surface vehicle Sancar, developed in collaboration between Havelsan and Yonca Technical Shipyard, have been completed in the Sea of Marmara.