Turkish economy

How Turkey’s ‘zombie’ companies keep afloat

A number of big companies that would have normally gone bust amid Turkey’s economic turmoil are surviving thanks to government favors.

Mustafa Sonmez | Turkish economy | sept. 26, 2020
al-monitor Employees wearing face masks wait to serve passengers at the Istanbul Airport on the first day of the resumption of domestic flights, which were halted in late March due to the spread of the novel coronavirus, June 1, 2020. Companies that built the airport are bleeding money, in part due to COVID-19, and are being kept on their feet by the government. Photo by YASIN AKGUL/AFP via Getty Images).

Intel: Turkey orders arrest of pro-Kurdish politicians over 2014 Kobani protests

Some 20 Kurdish politicians and activists were arrested today after prosecutors in Ankara issued warrants for 82 people accused of inciting public unrest and abetting terrorist acts and propaganda. The charges stemmed from deadly riots that erupted six years ago across the mainly Kurdish cities in the southeast when the Syrian Kurdish town of Kobani on the Turkish border was besieged...

Amberin Zaman | Turkish-Kurdish conflict | sept. 25, 2020

Turkey’s ‘city hospitals’ threaten a financial black hole

Turkey’s controversial “city hospitals” threaten to swallow up billions of dollars in public money by the time their 25-year contracts with the government end.

Mustafa Sonmez | Turkish economy | août 31, 2020

Economic policy reversal fraught with political risks for Erdogan

Ankara’s bid to warm the pandemic-hit economy has backfired, forcing a policy reversal that threatens to aggravate popular grievances and heighten political risks for Erdogan.

Mustafa Sonmez | Turkish economy | août 14, 2020

Erdogan: Turkey on path to ‘unstoppable power’ in region

Turkish president throws his lot in again with Russia and Iran in Syria, expands plans for influence in North Africa and moves to convert the Hagia Sophia back into a mosque.

Week in Review | Turkish economy | juil. 10, 2020