FUND CRISIS HITS MARKETS
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
Analysis
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The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
The government is preparing comprehensive reforms across its financial regulatory bodies following the massive investment fund crisis that shook domestic markets.
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.
The government has officially ended its sliding scale tax mechanism on fuel, triggering an immediate price hike at the pump.
Access to T24, one of Turkey's oldest and biggest independent news websites, was blocked along with thousands of critical X accounts, including that of Turkey in Depth.
Fatma Betül Sayan Kaya is a politician who has figured prominently in the latest investment fund scandal. She and her husband made staggering sums from funds in a very short time.
The Turkish Air Force has received its first Hürkuş new-generation basic trainer aircraft, a milestone in a project initiated 20 years ago.
The Constitutional Court will consider on Sept. 29 a request to annul the name of Yeni Party and remove it from the registry of political parties.
The main Istanbul Municipality corruption trial completed its 87th day on Sept. 24. The court heard nine more defendants, leaving 63 of 325 still to testify, as the presiding judge aims to complete the second session by the end of September.
With the start of the new legislative year on Oct. 1, the main agenda will be the ongoing peace process concerning the Kurdish issue, which faces gridlock about the timing of demands over disarmament, legal guarantees, and the official status of jailed PKK leader Abdullah Öcalan.
After the summer break, the parliament opens its new legislative year on Oct. 1 and the General Assembly will convene on Oct. 6 to discuss a nine-article bill on the Turkish Red Crescent.
Speculation is growing that the long-delayed crackdown on the fund crisis is tied to a power struggle in the AKP that includes Justice Minister Akın Gürlek and Foreign Minister Hakan Fidan.