Tag #Turkey

TCMB Successfully Ends KKM Program, Reducing Balance Sheet Risk

The Turkish Central Bank (TCMB) successfully concluded its Kur Korumalı Mevduat (KKM) program in August 2025, reducing its balance from over \$140 billion to \$11 billion through a gradual phase-out that involved adjusting reserve requirements and interest rates, leading to increased TL deposits and...

Turkey Arrests Suspects in Wedding Shooting, Increases Penalties for Public Safety Violations

Following a shooting at a wedding in Trabzon, Turkey, resulting in one death and two injuries, two suspects were arrested and charged with "intentional homicide and injury." Separately, in Istanbul, a suspect was arrested for assaulting a female driver. New legislation increasing penalties for these...

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Turkish Journalist's Arrest Boosts Online Viewership Amidst Media Crackdown

Turkish journalist Fatih Altayli, arrested for commenting on a poll showing opposition to Erdogan's rule, saw his YouTube channel's viewership soar to over 20 million after broadcasting from an empty chair, highlighting the shrinking space for critical journalism in Turkey.

Concerns Raised Over Kanal Istanbul Project's Environmental Impact and Funding

Doğan Bekin, a Turkish deputy, questioned the Kanal Istanbul project's comprehensive impact assessment and funding, citing concerns over environmental damage, water resource depletion, and increased risk of natural disasters due to extensive construction near vital water sources, particularly in the...

Lawsuit Challenges Removal of Adana Mayor

Following his arrest on corruption charges on July 5th, Adana Mayor Zeydan Karalar's lawyer filed a lawsuit challenging his temporary removal from office by the Ministry of Interior, arguing it violated administrative law and fundamental rights.

Turkish School Supplies Cost Soar to 12,000 Lira Amidst Inflation

The head of Turkey's Confederation of Craftsmen and Tradesmen reports that school supplies now cost between 10,000 and 12,000 lira due to inflation, placing a significant burden on families and impacting local businesses that rely on these annual sales.

Zengezur Corridor Agreement Leases Operation to US for 99 Years

On August 8th, Azerbaijan and Armenia signed a peace agreement at the White House, establishing the Zengezur Corridor (renamed "Trump Route"), leasing its operation to the US for 99 years, significantly impacting regional trade and power dynamics.

İmamoğlu Defies Imprisonment, Addresses Sivas Rally

From his Silivri prison cell, CHP's presidential candidate Ekrem İmamoğlu addressed 10,000 in Sivas, denouncing his imprisonment as an undemocratic attempt to subvert the national will and vowing to overcome the government's efforts.

16 Turkish Officials Charged in Apartment Collapse Following Earthquakes

Following the February 6th Turkey earthquakes, 16 former Kahramanmaraş Municipality officials face charges of "causing death and injury through willful negligence" due to the collapse of the Güvenç Apartment building, which killed 96 people; the prosecution seeks sentences up to 22 years and 6 month...

Turkish Religious Workers Secure Improved Wages and Benefits

Turkey's Diyanet-Sen union reached a new collective bargaining agreement with the government, eliminating the Ramadan work requirement for overtime pay and increasing various allowances and compensations for religious workers.

PKK Ceasefire: EMŞAV Head Advocates for Comprehensive Strategy

Abdurrahman Yılmaz, head of EMŞAV, testified before a Turkish commission, emphasizing the PKK's ceasefire as a critical step towards a 'Terror-Free Turkey,' advocating a comprehensive strategy that addresses underlying issues while learning from international experiences and avoiding past mistakes.