Analysis

In-Depth Analysis

Smart, independent reporting on Turkey's politics, economy and foreign affairs.

GREEN SPONSORS, COAL PORTFOLIOS
Economy and Finance Oct 30, 2026

GREEN SPONSORS, COAL PORTFOLIOS

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.

Editorial Staff 2 min
THE WEIGHT OF SOVEREIGNTY
The Third Desk Oct 30, 2026

THE WEIGHT OF SOVEREIGNTY

On Jan. 20, 1921, as the War of Independence was still being fought, the Grand National Assembly adopted a Constitution whose first article began: Sovereignty belongs unconditionally to the nation (Hâkimiyet bilâ kaydü şart milletindir). On Oct. 29, 1923, the assembly added another sentence to that same article: The form of government of the Turkish state is the Republic (Türkiye Devletinin şekl-i hükûmeti Cumhuriyettir).

Can Öztaş 4 min
ALIYEV DOUBLES DOWN AS ANKARA REMAINS OVERLY CONCILIATORY
Deciphering Turkish Diplomacy Oct 30, 2026

ALIYEV DOUBLES DOWN AS ANKARA REMAINS OVERLY CONCILIATORY

Azerbaijan’s President Ilham Aliyev, declined President Recep Tayyip Erdoğan’s invitation to attend the summit of the Organization of Turkic States, scheduled for the day after Turkey’s Republic Day, marking one of the biggest crises in the two countries' close relationship. Despite Ankara’s visible steps to defuse the recent tension, his refusal to come on a date carrying symbolic importance for Turkey attests to the changing dynamics in the relationship since the military victory over Nagorno-Karabakh in 2020.

Barçın Yinanç 5 min
FUND SCANDAL STALLS OVER SECRET LIST OF WINNERS
Deep Dive Oct 22, 2026

FUND SCANDAL STALLS OVER SECRET LIST OF WINNERS

The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.

Editorial Staff 20 min
FUND CRISIS ERASES BILLIONS FROM BORSA ISTANBUL
Economy and Finance Oct 22, 2026

FUND CRISIS ERASES BILLIONS FROM BORSA ISTANBUL

More than a month after the fund collapse occurred, the shockwaves continue to rock the stock market. The crisis wiped out trillions of liras in corporate market capitalization and drove key valuation metrics to multi-year lows in Borsa Istanbul.

Editorial Staff 3 min