Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
“Flowers bloom on the mountains of Izmir / The golden sun scatters gold thread there / The routed enemies all flee like the wind / Long live Mustafa Kemal Pasha, long live! Your name will be inscribed on a jeweled stone.”
The Mecca Joint defense Agreement signed by Turkey, Saudi Arabia, and Pakistan at the beginning of last month came as a surprise to many, although Turkey was interested in joining the defense agreement signed by the latter two a year ago. The new agreement goes further than defense cooperation due to a collective security pledge modelled on NATO’s famous Article 5.
Özgür Özel, ousted as CHP chair by a court ruling, is preparing to set up a new party even as legal threats mount against him and his allies. The party is likely to be called Yeni Party (New Party), Özel said. 'We are working on the name and the logo. The name has started to become clear. There is a generally accepted name, while the logo is still being worked on. For now, let's call it 'Yeni Party.' Until there is a new name, let's say Yeni Party,' Özel told SZC TV. 'The statute and the program are being written. The official step will be taken at the end of July or the beginning of August,' Özel told the channel at parliament ahead of a special session marking the 10th anniversary of the failed coup attempt.
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.
Some countries remember politics through monuments, trials, flags and anniversaries. Turkey, more emotional and dramatic, rather like its world-famous TV series, also remembers it through songs.
President Recep Tayyip Erdoğan has fueled hope for progress in the Kurdish process but his stance doesn’t amount to real movement, according to the DEM Party. Soon after dismissing claims of a deadlock in the "Terror-Free Turkey" process as "noise" at the April 23 reception, Erdoğan reiterated that the process is advancing as intended and urged all actors to act responsibly during a turbulent regional period.
The pressure is mounting on Istanbul Mayor Ekrem İmamoğlu and his party CHP, with investigations about the corruption allegations now extending to his immediate family and allied journalists, as CHP Chair Özgür Özel tries to challenge the government by divulging the misdoings of Istanbul Chief Prosecutor Akın Gürlek.
The CHP is facing an unprecedented convergence of crises one after the other. Afyonkarahisar Mayor Burcu Köksal has defected to the AKP. Jailed Uşak Mayor Özkan Yalım and Antalya Mayor Muhittin Böcek have applied for the effective remorse law, alleging they paid CHP Chair Özgür Özel and his close ally MP Veli Ağbaba in exchange for nomination in the municipal elections. The allegations have raised the spectre of closure proceedings against the party — with Özel increasingly in the crosshairs.
A series of legal operations targeting CHP-run municipalities intensified on April 9 as CHP Chair Özgür Özel repeated calls for a by-election.
Gendarmes arrested CHP’s Bolu Mayor Tanju Özcan March 2, just as the party was bracing for the trial on corruption allegations concerning the Istanbul Municipality.
Havelsan, a company affiliated with the Turkish Armed Forces Foundation, signed a memorandum of understanding (MoU) with VN Maritime and Piloda Defence to become a partner in the production of hybrid and unmanned marine vehicles in Italy.
This week, a century-old star of the stage passed away. He was 98. He had spent 70 of those years performing. The theater has bid farewell to one of its last great masters, Haldun Dormen. Despite this being a death, I chose a title that contains no word of mourning: “Goodbye, my sweet.” It may not appeal to everyone, but it suits Dormen.