The Turkish Central Bank’s (CBRT) Monetary Policy Committee (PPK) increased the policy rate by 500 base points from 45 percent to 50 percent at its March 21 meeting. In the statement made by the PPK, which convened under the chairmanship of Central Bank Governor Fatih Karahan, it was stated that it was decided to increase
Ever since Turkish President Recep Tayyip Erdoğan launched the election campaign with the motto “reconquering Istanbul,” it has been clear that the real competition in the upcoming March 31 local elections will be for the Istanbul Metropolitan Municipality. Now, with almost a week left until the election, this race is neck and neck. It is
Top-level Turkish security delegation’s visit to Baghdad on March 14 should be considered as a significant step towards a comprehensive Türkiye Iraq agreement ahead of Turkish President Recep Tayyip Erdoğan’s expected visit to Iraq in April after 12 years. The rapprochement and establishment of strategic political and economic relations between Türkiye and Iraq appear to
Foreign Minister Hakan Fidan is scheduled to visit Washington to meet with US Secretary of State Antony Blinken within the framework of the Turkey-US Strategic Dialogue Mechanism meetings on March 7-8, diplomatic sources confirmed to YetkinReport. Meanwhile, intelligence sources announced on March 4 that the head of the National Intelligence Organization (MİT), İbrahim Kalın, also
Following the partial construction of the 4GW reactor at the Mersin Akkuyu nuclear power plant, news is circulating that a new tender will be awarded to the Russian Rosatom for the construction of Türkiye’s second nuclear power plant in Sinop. Giving the green light to a new nuclear project, which will cost another 25 billion
The spokesperson for the Ministry of National Defense (MND), Brig. Adm. Zeki Aktürk, announced that that a significant milestone has been achieved in the procurement of new F-16s from the United States. Admiral Aktürk stated on February 29 that the Ministry has received the ‘Draft Proposal and Acceptance Letters’ from the United States, regarding Türkiye’s
A brief reminder: The Republic of South Africa appealed to the International Court of Justice (ICJ) to condemn Israel for its genocidal campaign against the Palestinians in Gaza. On January 26, the Court, which convened on January 11, did not call for the ceasefire requested by South Africa, but based on the “urgent” humanitarian situation,
Türkiye has declared its full support for a peace agreement to be signed between Azerbaijan and Armenia. The latest chapter in this intense diplomatic process, which involved Türkiye and some European countries including Germany, came on February 19 when President Recep Tayyip Erdoğan hosted Azerbaijani President Ilham Aliyev in Ankara. “The signing of a lasting
Former Republican People’s Party (CHP) leader Kemal Kılıçdaroğlu returned to the public sphere 100 days after losing his seat to Özgür Özel, hinting his return to active politics. Visiting small businesses in the OSTIM Industrial Site in Ankara, the previous leader of the main opposition party quoted former President Süleyman Demirel and said: “politics has
Baykar’s Executive Board Chairman Haluk Bayraktar announced last week at the World Defense Show in Saudi Arabia, to Reuters news agency, that the TB-2 factory which is currently under construction in Ukraine would commence production within a year. The factory, to be built near Kiev, was expected to have the capacity to produce 120 drones