A most fateful week

TURKEY - Report 19 Oct 2025 by Murat Ucer and Atilla Yesilada

The CBRT/MPC will convene on Thursday and the next day, a court in Ankara may rule that CHP’s 38th extraordinary convention was rigged, turning the party over to former chairman Kemal Kilicdaroglu (the base-case scenario). The politics author also suspects that Turkey may wake up to new corporate raids during the week and for the foreseeable future, because when it rains it pours. A generous rate cut, coupled with the reinstatement of Kilicdaroglu to the CHP throne could trigger an unpleasant market reaction, while corporate probes escalating to reach the ranks of “blue chip” companies could materially undermine investor sentiment.

The politics author won’t rule out another postponement in the CHP trial, but it is more likely that Kilicdaroglu will come back, dividing the party. Erdogan’s next move will be Ankara mayor Mansur Yavas, though the latter could “receive an offer he can’t refuse” before being sacked. Continuing on the theme of the asset grab or clean hands operation narrative of recent days, there were 4 major busts during the week, one of them concerning Interbank Card Center, a subsidiary of CBRT, which runs Turkey’s payment system. The other three were extensions of the Can Holding–Ciner holding cases and the takeover off an ill-fated Antalya resort Paramount by SDIF, which opens up a can of worms for the entire corporate world, as well as for AKP and CHP. The politics author saved the worst news for last to keep your attention on the Weekly Tracker.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.