RAHMİ KOÇ: THE KURDISH WOMAN JOKE THAT BROKE KOÇ'S CENTURY-LONG SPELL
Everything was going smoothly, as it had for a hundred years. Koç Holding, Turkey's largest industrial conglomerate, was marking its centennial.
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Everything was going smoothly, as it had for a hundred years. Koç Holding, Turkey's largest industrial conglomerate, was marking its centennial.
The Turkish economy grew by 2.5% in the first quarter of 2026 compared to the same period last year, lower than the 2.7% growth expected by economists. TurkStat data showed that quarter-on-quarter GDP growth remained at 0.1%. Household consumption made the largest contribution to growth with 3.4 percentage points. However, industrial production contracted. Also, the negative contribution of net foreign trade expanded.
As Armenia heads toward the pivotal June 7 elections — widely seen as critical for the continuity of Prime Minister Nikol Pashinyan’s peace agenda — Turkey has accelerated the normalization process, while Russia has intensified pressure on Yerevan through sanctions.
The Istanbul corruption trial completed its 12th week as plaintiffs continued to withdraw their previous statements and jailed Istanbul mayor Ekrem İmamoğlu celebrated his 55th birthday at the courtroom.
Reha Muhtar, who died June 3 at the age of 66, was a television phenomenon of the 1990s — he swept through that decade like a force of nature.
The Japanese side is taking an interest in the UAVs developed by Turkey, while Turkey is eyeing the technology behind the mine countermeasures ships built by Japan.
Turkey's oldest and main opposition party, the CHP, is now effectively divided in two after a court annulled the party's November 2023 congress and reinstated former chair Kemal Kılıçdaroğlu in place of Özgür Özel. The split became more visible when both camps held rallies simultaneously at 2 p.m. on May 30. Kılıçdaroğlu returned to party headquarters to chants of 'Kılıçdaroğlu, the people's hope' — a stark reversal from just days earlier, when another crowd had branded him a 'traitor' and 'the AKP's hope' on May 24, reacting to the court-ordered change in the party leadership carried out with police support. The first head-to-head show of strength between the two camps laid bare a simple reality: Özel commands greater grassroots support, but Kılıçdaroğlu holds the formal authority to run the party.
Selling pressure intensified on Istanbul’s stock exchange today following a court ruling of "absolute nullity" regarding the main opposition CHP congress. The benchmark BIST 100 index plunged over 6%, triggering a market-wide circuit breaker. The banking index took an even heavier hit, dropping more than 8% to close at 13,163 points.
Three retired Turkish diplomats have publicly voiced their support for Armenian Prime Minister Nikol Pashinyan ahead of the country's parliamentary elections scheduled for early June, following a joint visit to Yerevan.
MHP Chair Devlet Bahçeli’s call to grant the PKK leader Abdullah Öcalan a title involving the word “peace” drew support from the DEM Party and sharp criticism from the right-wing opposition, as all eyes turned to President Recep Tayyip Erdoğan.
Justice Minister Akın Gürlek has staked his reputation on a sweeping review of Turkey's unsolved murders — a calculated move that appears designed as much to rehabilitate the judiciary's battered image as to deliver justice.
The Istanbul Municipality corruption trial reached its 19th hearing session this week, bringing some of the most dramatic courtroom scenes since proceedings began. Ekrem İmamoğlu, the CHP's presidential candidate and Istanbul's jailed mayor, set the tone for the week. Describing the indictment as "not just garbage but rotten garbage rotting inside garbage," he told the court the case had already collapsed at its foundations: "If the alleged leader of the organization does not even know the alleged members, the whole thing collapses from the start."