TURKEY EXPLORES NEW MINIMUM WAGE MODEL AMID WARNINGS OF CHAOS
Turkey is weighing the most radical overhaul of its wage-setting system in decades — and experts say it could unleash chaos.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
TURKEY'S EV CHARGER COUNT TOPS 45,000 IN JUNE
The number of electric vehicle charging sockets across Turkey exceeded 45,000 in June, according to data released by the Energy Market Regulatory Authority (EPDK).
TAYT/TIGHTS
The word of the week is tayt, one of those treacherous little linguistic friendships the French call faux amis. It sounds almost like the English tights, though Turkish politely drops the final hiss.
DEM PUSHES RULING ALLIANCE TO PASS PEACE PROCESS FRAMEWORK LAW BEFORE RECESS
The DEM Party is intensifying pressure on the AKP/MHP ruling alliance to pass the framework law underpinning Turkey's Kurdish peace process before parliament enters for its summer recess — even as the party struggles to extract details of the draft from the AKP. The push has produced a flurry of contacts. İmralı Delegation members Pervin Buldan and Mithat Sancar, together with Faik Özgür Erol, met AKP Deputy Chair Efkan Ala and AKP Group Chair Abdullah Güler on July 15, and MHP Chair Devlet Bahçeli at his office in parliament the following day. Asked about the talks, Buldan declined to elaborate: 'We will not give information on the content.'
TURKISH CYPRIOT LEADERS CAUTIOUS ON NEW PEACE EFFORTS
“Turkish President Recep Tayyip Erdoğan will have several bilateral meetings in the margins of the NATO summit; yet all of them will be very short. His longest meeting will be with Antonio Costa and Ursula Von Der Leyen,” a Turkish diplomat told a European expert at a side event that took place in Ankara.
NEW TAX INCENTIVES FOR NUCLEAR POWER INVESTMENTS
The parliament’s Planning and Budget Committee has approved an omnibus bill introducing significant tax incentives to boost nuclear energy investments.
APPAREL EXPORTERS DEMAND SPECIAL RECOVERY PACKAGE
Suffering from a loss of competitiveness due to the weak lira and high inflation, the head of the Istanbul Apparel Exporters Association (IHKIB) has requested a three-year support program to save the ready-to-wear sector.
CONFISCATION ECONOMY: THE PURGE THAT PAYS
Ten years after the failed coup, the crackdown on Gülenist-owned businesses has become a revenue stream: the state has collected $1.5 billion from selling off seized firms — and the state fund managing them has grown into one of the country's largest conglomerates, its reach now extending far beyond the Gülenists.
ECONOMISTS DEBATE INTEREST RATE AS CENTRAL BANK PREPARES FOR JULY DECISION
Most market participants expect the central bank to keep the policy rate unchanged at 37% when it meets on July 23, but pressure is building for a cut and some experts are calling for a wholesale shift in monetary policy.
ANTI-DRONE CENTER OF EXCELLENCE TO BE ESTABLISHED IN KONYA
NATO Allies announced on July 7 that over $40 billion will be invested in counter-drone capabilities over the next five years.
GLOBAL INDEX PROVIDERS PUT TURKISH MARKET ON NOTICE, STOKING DOWNGRADE FEARS
Foreign investors' confidence in Turkish equities is under mounting pressure as two of the world's leading index providers signaled Istanbul's stock market could face a downgrade. Morgan Stanley Capital International (MSCI) issued another warning regarding investment accessibility and shareholder transparency, announcing it may re-evaluate free-float structures on a company-by-company basis and reclassify certain shareholders as 'non-free float' to address distorted calculations driven by coordinated fund actions.
ANKARA AWAITS POST-NATO POLITICAL STORM
Turkey's political agenda is expected to pivot sharply from diplomacy to domestic maneuvering as post-NATO scenarios dominate the discussion from July 9 onward. The conclusion of the NATO Ankara Summit, widely seen as an international success for Turkey and President Recep Tayyip Erdoğan personally, has triggered intense political speculation amid increasing pressure on dissidents.