Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
When the Ankara Chief Public Prosecutor's Office summoned the city’s former mayor, Melih Gökçek, to testify over his family members' assets and accounts in Germany, the first reaction was silence.
The government plans to privatize state-operated highways and bridges under a 25-year transfer of operating rights model, while officials weigh whether to sell the assets as a single bundle or divide them into separate packages.
Roketsan has acquired Assan's assets, which had been seized by the government, from the TMSF, which was appointed trustee.
Halkbank, the state lender and fourth-largest bank in Turkey by assets, announced that a nine-year-old US criminal case against the bank is getting closer to a complete end. The bank and the US Attorney’s Office for the Southern District of New York submitted a joint plea to the court on June 10, 2026, requesting the dismissal of all charges.
Trustees have been appointed to 23 companies owned by Aziz İhsan Aktaş, a key figure in operations targeting CHP-run municipalities, and the companies have been transferred to the Savings Deposit Insurance Fund (TMSF).
NATO announced that its assets shot down two ballistic missiles aimed at Turkey in a week, but Iran denied that they had targeted Turkey. Since the Defense Ministry and NATO did not provide information on which region of Iran the ballistic missiles were launched from, the route taken by the missiles and their target became a matter of debate.
Nearly a decade after the migration deal that was signed between the EU and Turkey under the leadership of Germany, the arrangement that succeeded in stopping migrants entering Europe via Turkey remains the backbone of the transactional relationship between Ankara and Berlin. However, although Turkey continues to be seen as a buffer zone stopping the migration flows, there is also a renewed discovery among European capitals of the country’s value as a strategic asset.
A wave of asset seizures and prosecutions has shattered old certainties about which business groups are in favor with the government. The detentions and confiscations – some linked to the corruption probes into CHP municipalities – are raising hairs across the business world with observers uncertain whether it’s a genuine anti-corruption effort, a move to redistribute capital, or a sign of an internal power struggle within the presidency.
Turkey froze the assets of 18 institutions and 20 individuals linked to Iran, including the Atomic Energy Organization of Iran, a day before hosting Iranian Defense Minister Brig. Gen. Aziz Nasirzade in Ankara.
In contrast to Finance Minister Mehmet Şimşek’s positive messages following the EU - Turkey High-Level Economic Dialogue, the meeting, which took place after a six-year hiatus, ended without a substantial road map to revive relations. As developments in transatlantic relations appeared to be raising Turkey’s value as a geostrategic asset, Ankara hoped to seize the opportunity to improve relations with the EU. Yet, European enthusiasm towards Turkey’s military strength remained limited, while the arrest of Istanbul's Mayor Ekrem İmamoğlu has made life difficult for those favoring a speedier rapprochement.