Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
Conglomerates Vestel Elektronik and Anadolu Group are in advanced negotiations to sell their stakes in Turkey’s first domestic electric vehicle manufacturer TOGG.
Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.
Ten years after the failed coup, the crackdown on Gülenist-owned businesses has become a revenue stream: the state has collected $1.5 billion from selling off seized firms — and the state fund managing them has grown into one of the country's largest conglomerates, its reach now extending far beyond the Gülenists.
Everything was going smoothly, as it had for a hundred years. Koç Holding, Turkey's largest industrial conglomerate, was marking its centennial.
Feti Yıldız is not a “latecomer” but a nationalist raised in the movement — a core MHP figure. With the Kurdish peace process, he became the party’s most visible face after Devlet Bahçeli. At 71, he carries the aura of a character who stepped out of the classic Yeşilçam cinema of the 1970s, and onto the political stage — as if he came from there, yet without acting. He simply is who he is. Of course, he is not the lead role; that belongs to Bahçeli. But even if Yıldız looks like a character actor, his strength lies in being exactly what he appears to be. He is not one of those shapeshifting politicians. He steers clear of the MHP’s trademark overblown patriotic rhetoric. He avoids slogans. He usually answers journalists’ questions by staying within the framework of his profession — the law.
After the seizure of Can Holding Media Group, one of Turkey’s largest conventional media conglomerates, Kenan Tekdağ, chair of the Board of Directors, was detained in hospital, then placed under house arrest and banned from leaving the country.