Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.
“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.”
Fresh judicial action hit opposition-run municipalities on Oct. 1, the day parliament reopened. Mersin Metropolitan Mayor Vahap Seçer, Yenişehir Mayor Abdullah Özyiğit and Mezitli Mayor Ahmet Serkan Tuncer were among 59 people detained.
“The European Union will open its vast economy to countries waiting to join its ranks, provided they agree to stand with the bloc against hostile states and industrial rivals, according to a draft European Commission proposal obtained by POLITICO.”
Saudi Aramco executives have inspected fuel facilities across Turkey owned by military pension fund OYAK, signaling advanced partnership talks to enter the retail fuel market.
After years of demonizing rhetoric against LGBTQ+ people, Turkish authorities launched a nationwide operation named 'My Family Is Safe,' detaining hundreds of people from civil society. The crackdown continued with arrests and access bans targeting dissidents, media outlets and civil society organizations' X accounts, widening to include broader opposition voices who spoke out against the operations. The main charge in the investigation was 'obscenity.'
Authorities have launched a judicial operation against major produce distributors, detaining scores of executive-level figures for artificially inflating wholesale fruit and vegetable prices amid high food inflation.
Turkish prosecutors have detained nine more people, including journalist Selahattin Günday, as part of a reopened investigation into the 2011 prison death of former National Intelligence Organization (MİT) official Kaşif Kozinoğlu.
Justice Minister Akın Gürlek said a supplementary indictment is being prepared in the Istanbul Municipality corruption case, as the court’s agenda shifted from hearing detained defendants to hearing those on trial who are not in detention.
Thirteen more Istanbul Municipality staff were detained on Sept. 3, as prosecutors widened their operation against the metropolitan authority.
Police forcibly intervened on Aug. 13 against striking miners outside the Energy Ministry in Ankara, detaining union leaders and multiple workers on the fourth day of their protest over unpaid wages.
Every summer, the apartment buildings of Istanbul, Ankara and other major cities begin to empty. Neighbors who have spent the winter sharing lifts, parking disputes, delivery couriers and the occasional suspicion that someone upstairs is moving furniture after midnight head off in different directions.