Analysis

In-Depth Analysis

Smart, independent reporting on Turkey's politics, economy and foreign affairs.

CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37 PERCENT
Economy and Finance Jun 12, 2026

CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37 PERCENT

The central bank kept its benchmark policy rate unchanged at 37% for the third consecutive meeting on June 11, matching the consensus forecast of economists. The Monetary Policy Committee also held its overnight lending rate at 40% and its borrowing rate at 35.5%. The central bank last altered its policy rate in January with a 100-basis-point cut.

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NEED FOR RULE OF LAW BECOMES MORE EVIDENT WITH THE START OF İMAMOĞLU TRIAL
Deep Dive May 29, 2026

NEED FOR RULE OF LAW BECOMES MORE EVIDENT WITH THE START OF İMAMOĞLU TRIAL

The trial of Istanbul Mayor Ekrem İmamoğlu on corruption charges began on March 9, with the main defendant’s plans to challenge the legitimacy of the trial muzzled by the court and the media. After waiting nearly a year, İmamoğlu and 402 co-defendants — 107 of whom are under pre-trial detention — finally got their day in court. The hearings began with a confrontation between the court and İmamoğlu over his desire to make his case. He was allowed to deliver only a short statement on the second day and may have to wait at least until mid-April — in the best-case scenario — to present his full defense.

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TOWARDS HYPER WAR CAPABILITY
Security and Defense May 29, 2026

TOWARDS HYPER WAR CAPABILITY

The Turkish Armed Forces has been testing joint operations capabilities after a rapid increase in the number of national defense industry products in its inventory, primarily electronic warfare and air defense systems, warships, and unmanned aerial vehicles. Baykar's AI-powered mini cruise missile Kemankeş-1 continues to undergo firing tests from the strategic-class Bayraktar Akıncı UCAV. “The Kemankeş smart munitions integration and testing activities carried out with the Akıncı strategic UAV platform, capable of flying at an altitude of 40,000 feet, provide serious indications of Turkey's hyper warfare capacity development,” Dr. Can Kasapoğlu, senior researcher at the Hudson Institute, said.

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EUROFIGHTERS: A STOPGAP WITH STRINGS
Deciphering Turkish Diplomacy May 29, 2026

EUROFIGHTERS: A STOPGAP WITH STRINGS

The German government has dropped its veto on the sale of 40 Eurofighter Typhoon jets to Turkey, thanks to the requests of the Turkish opposition, claimed Özgür Özel, the head of the CHP. While Berlin has been dragging its feet on talks for the warplanes, which are built by a consortium of Germany, Britain, Italy, and Spain, a news report suggested in April that the German government had decided to keep blocking the sale due to the arrest of Istanbul Mayor Ekrem İmamoğlu on March 19. While such a decision was never officially confirmed, İmamoğlu tweeted from his prison cell, objecting to the veto and Özel kept the issue on the agenda during talks with his German counterparts.

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DEFENDANTS CONTINUE CHALLENGING CORRUPTION INDICTMENT ON İMAMOĞLU CASE
Inside Turkey Apr 17, 2026

DEFENDANTS CONTINUE CHALLENGING CORRUPTION INDICTMENT ON İMAMOĞLU CASE

The sixth week of the mass corruption trial of Istanbul Mayor Ekrem İmamoğlu and more than 400 co-defendants produced some of its most dramatic courtroom exchanges. İmamoğlu and the presiding judge continued sharp exchanges while the municipality’s housing company, KİPTAŞ, chair Ali Kurt implicated senior government figures in a land scheme, and the European Court of Human Rights formally demanded answers from Ankara.

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SIGNALS OF A MARRIAGE RENEWAL WITH NATO
Security and Defense Apr 3, 2026

SIGNALS OF A MARRIAGE RENEWAL WITH NATO

Turkey shows signs of renewing its ties with its NATO alliance partners amid the ongoing Iran crisis. The renewal of vows follows a tempestuous period in its relations not only with the U.S. but also with NATO following the acquisition of the S-400 air defense system from Russia. Particularly over the past 20 years, facing U.S. CAATSA sanctions and Europe’s covert arms embargoes in the fight against the PKK, Turkey’s government and opposition have both questioned the value of NATO membership.

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A SIGNATURE AND A DELAY IN THE EUROFIGHTER PROJECT
Security and Defense Mar 26, 2026

A SIGNATURE AND A DELAY IN THE EUROFIGHTER PROJECT

Following the signing of an agreement with the U.K. in Oct. 2025 to procure 40 Eurofighter Typhoon fighter jets, the defense ministers of the two countries signed a contract for technical and logistical support regarding the maintenance and operation of these aircraft.

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