Analysis

In-Depth Analysis

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

GREEN SPONSORS, COAL PORTFOLIOS
Economy and Finance Oct 30, 2026

GREEN SPONSORS, COAL PORTFOLIOS

Authorities launched a tax audit targeting Cengiz Holding, a prominent pro-government conglomerate, but the decision to move the case from Istanbul to Ankara has raised questions. The group is also facing fierce environmental backlash over its partnership in the COP31 climate summit.

Editorial Staff 2 min
FUND SCANDAL EXPOSES TWO-TIER JUSTICE, AS GOVERNMENT FAST TRACKS MEASURES
Deep Dive Oct 1, 2026

FUND SCANDAL EXPOSES TWO-TIER JUSTICE, AS GOVERNMENT FAST TRACKS MEASURES

The government is seeking to create the impression that it is cutting ties with those involved in the stock market scandal and has launched an investigation, announcing that up to a million liras of losses will be repaid to investors soon. But the opposition calls it the 'corruption of the century' and is seeking a parliamentary inquiry.

Editorial Staff 21 min
INTEREST SWALLOWS TURKEY'S BUDGET
Economy and Finance Jul 23, 2026

INTEREST SWALLOWS TURKEY'S BUDGET

Turkey spent 5.5 times more on interest payments than on public investment in the first half of the year, as debt servicing became the single largest item in a budget that ran a deficit of nearly 1 trillion liras.

Editorial Staff 1 min
GLOBAL INDEX PROVIDERS PUT TURKISH MARKET ON NOTICE, STOKING DOWNGRADE FEARS
Economy and Finance Jul 9, 2026

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.

Tugrul Çam 3 min