Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
Turkey’s main opposition party, the CHP, is set to hold an extraordinary congress on Sept. 21, after more than 900 delegates submitted signatures to Ankara’s Çankaya District Election Board on September 5. The move comes amid a growing legal standoff that has rocked the party’s Istanbul branch. Among the signatories, the 196 Istanbul delegates suspended by court order were not included.
Turkey’s main opposition CHP suffered a fresh blow as a court dissolved its largest provincial board in Istanbul over cash payment claims. The party now awaits either a Sept. 5 ruling by the Supreme Election Board (YSK) or a Sept.15 court hearing that could unseat Chair Özgür Özel’s administration. The CHP, which came to power at a November 2023 congress with the slogan “Change,” now risks being replaced by the team of former chair Kemal Kılıçdaroğlu. The 45th Civil Court of First Instance ruled that irregularities in the October 2023 Istanbul provincial congress were “approximately proven.” The court suspended provincial chair Özgür Çelik, the executive and disciplinary boards, and 196 delegates. Attention has now turned to another court set to review the CHP’s 2023 congress in Ankara. “The Istanbul decision is null and void. We do not recognize it,” said Özel, vowing not to hand over CHP’s Istanbul building to the appointed administration. The Istanbul administration also started a stage-in protest in front of the building for 24 hours.
Following the cancellation on Sept. 2 of the CHP Istanbul Provincial Congress, losses on the Istanbul Stock Exchange exceeded 5% within the day. The banking index dropped by more than 8% before rebounding.
Following last year's oath-taking crisis at the Army War College graduation ceremony, this year's ceremonies were held under very strict security measures.
The DEM Party delegation will visit Abdullah Öcalan, the jailed PKK founder, on İmralı Island on Aug. 28, following weeks of criticism over limited access.
ASSAN, one of Turkey’s top private-sector ammunition producers and an exporter to more than 60 countries, is under scrutiny following allegations of illegal staffing, supply delays, fraud, and improper transfer of state-developed defense technologies, according to Cumhuriyet daily.
Turkey’s Constitutional Court has ruled that former HDP MP Hüda Kaya was unlawfully arrested and that her rights were violated after she was denied access to her file following her detention over the 2014 Kobani protests.
With checks and balances eroded and power increasingly centralized, Turkey is facing what may be one of the biggest digital scandals in its history. The online signatures of high-level bureaucrats have been compromised, allowing a criminal network to appoint public servants via the e-State (e-Devlet) system, issue fake diplomas and licenses, forge English proficiency test results and sell properties— raising serious concerns about fraudulent graduates.
CHP Chair Özgür Özel said he has evidence that some prosecutors and lawyers pressured defendants in the Istanbul Municipality cases to falsely confess to paying bribes in exchange for release. The following day, lawyer Mehmet Yıldırım was detained on the orders of the Istanbul Chief Public Prosecutor’s Office.
The debate kicked off following an article by journalist Zeynep Gürcanlı, who asked why Turkey did not join the statement issued by the Hague Group during their meeting in Bogota on July 16. Turkey was among 30 countries at the Bogota conference, yet opted not to sign the statement, which included measures against Israel. Among these measures are the denial of arms to Israel, a ban on ships transporting such arms, and a review of public contracts for possible links to companies that benefit from the Israeli occupation.
The Turkish Parliament Speaker has moved forward to form a long-anticipated commission as part of the government’s “Terror-Free Turkey” initiative, setting the number of members at 51 and requesting party nominations by July 31, following days of delay and political back-and-forth.