FUND CRISIS TOLL DEEPENS AS INVESTOR PAYOUTS BEGIN
In one of the country’s largest financial scandals, payments to victimized fund investors began and priority will be given to small investors, according to statements from officials.
Analysis
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In one of the country’s largest financial scandals, payments to victimized fund investors began and priority will be given to small investors, according to statements from officials.
A judicial investigation has spread to top-tier football referees, leading to the detention of Central Referee Committee (MHK) Chair Ferhat Gündoğdu and six other officials.
President Recep Tayyip Erdoğan’s remarks during a meeting in his hometown of Rize sparked debate over an early election, though officials quickly downplayed the likelihood of an imminent vote.
Zülfü Livaneli made a clear decision this week. The musician and novelist put an end to the playing of his celebrated composition at opposition rallies protesting the operations that have targeted Ekrem İmamoğlu — and subsequently numerous other mayors and municipal officials — since March 19, 2025.
The government and DEM Party disagree over how fast Turkey's Kurdish peace process should move, with AKP officials predicting the effort will extend into the new year while DEM Party, which will hold its congress Sept. 6, is pushing for results within a shorter timeline.
Two deadly maritime disasters off Northern Cyprus and in the Marmara Sea have raised questions over oversight failures within maritime transport, leaving at least 20 dead and 28 missing while triggering political backlash against officials.
The CHP Party Assembly has launched disciplinary proceedings against former party officials who have aligned themselves with the breakaway Yeni Party.
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.
The intended target of the ballistic missile launched from Iran and intercepted on Turkish airspace on March 4 remains disputed. While Turkey said the missile was heading toward the eastern Mediterranean, NATO said the target was Turkey, and U.S. officials pointed to the location, Incirlik Air Base. Iran, however, denied that Turkey was the intended target.
The 34th day of the corruption trial targeting Istanbul Mayor Ekrem İmamoğlu and dozens of officials linked to the CHP and Istanbul Municipality saw the mayor in tears as he questioned a defendant — soon after he declared that the allegations in the indictment were collapsing one by one.
Internal friction among top economy officials came to light after a senior central banker dismissed the impact of political cycles on monetary policy. The remarks by Deputy Governor Cevdet Akçay triggered a sharp rebuke from pro-government figures and suggestions of a rift between the central bank and the Presidency.
The government decided not to increase the holiday bonus paid to retirees, despite rising inflation and growing public expectations. Instead, officials began studying alternative support models aimed at low-income pensioners.