WITH VOTES SLIPPING, ERDOĞAN TURNS TO PENSIONERS EARLY
Losing votes over the fund scandal and shaken almost daily as new figures with party links are exposed, the AKP government launched its election campaign early.
Analysis
In-Depth Analysis
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ALIYEV DOUBLES DOWN AS ANKARA REMAINS OVERLY CONCILIATORY
Azerbaijan’s President Ilham Aliyev, declined President Recep Tayyip Erdoğan’s invitation to attend the summit of the Organization of Turkic States, scheduled for the day after Turkey’s Republic Day, marking one of the biggest crises in the two countries' close relationship. Despite Ankara’s visible steps to defuse the recent tension, his refusal to come on a date carrying symbolic importance for Turkey attests to the changing dynamics in the relationship since the military victory over Nagorno-Karabakh in 2020.
FUND SCANDAL STALLS OVER SECRET LIST OF WINNERS
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
BRIBED IN, SQUEEZED OUT: AN IPO TALE FROM BURSA
With the investment fund scandal still unfolding, a new allegation has come to light: companies were asked for bribes to secure approval from the Capital Markets Board (SPK) to go public.
İMAMOĞLU: “IF YOUR RIVALS ARE IN PRISON, YOU CANNOT BE LEGITIMATE”
Istanbul Mayor Ekrem İmamoğlu completed his four-day defense in the second session of his trial, directly targeting President Recep Tayyip Erdoğan in testimony after more than 600 days behind bars.
PEACE PROCESS STALLS AGAIN
The parliament has not established a commission to monitor progress on the surrender of weapons and personnel by the Kurdistan Workers’ Party or PKK, and Kurdish groups are complaining the process is stalled.
CHESSBOARD IN THE EASTERN MEDITERRANEAN
Developments in recent weeks underscores just how increasingly complex the picture in the Eastern Mediterranean has become.
A MONTH ON, NO ONE HELD TO ACCOUNT FOR FUND SCANDAL
Several weeks have passed since the fund scandal broke, but no official responsible has been arrested or fired. One investigation permit has been granted for a former official, while the government is in a hurry to complete the legal steps that would put an end to the scandal.
FOUR PKK CAMPS VACATED, ALL EYES ON YEAR’S LAST SECURITY COUNCIL
Ankara confirmed the evacuation of four Kurdistan Workers Party (PKK) camps, possibly clearing the way for the second phase of the “Terror-Free Turkey” process.
CENTRAL BANK FX SWAP DEPENDENCY FALLS SHARPLY
The central bank’s reliance on foreign exchange swaps has dropped sharply, marking a structural improvement in the quality of the bank’s international reserves.
CONTROVERSY SURROUNDS CENTRAL BANK FX STRATEGY
Statements attributed to Central Bank Governor Fatih Karahan during IMF and World Bank meetings in Bangkok sparked debate over foreign exchange policy, prompting a direct denial from a top market economist who attended the session.
FUND SCANDAL PAYOUTS BEGIN AS MSCI FREEZE DEEPENS MARKET TURMOIL
For nearly half a million retail investors caught in Turkey’s worst financial storm in years, compensation has finally begun to flow. But the first cash distributions came as the fallout spread beyond Turkey’s borders: global index provider MSCI froze index changes for Turkish equities on Oct. 15 and warned of a possible downgrade, while prosecutors broadened their probes and lawmakers scrambled to pass emergency legislation.