Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
CHP Chair Özgür Özel sparked a political storm by accusing a senior AKP figure of bribing a businessperson to testify against Istanbul Mayor Ekrem İmamoğlu. The CHP leader also suggested that the AKP had used dirty tricks to push CHP Aydın Mayor Özlem Çerçioğlu to transfer to the AKP on the 24th anniversary of the ruling party. Just two hours before the AKP’s celebrations, Özel said that former AKP Central Decision and Executive Board member and lawyer Mücahit Birinci asked imprisoned businessperson Murat Kapki to pay $2 million and promised his release in return for signing a false statement.