™s government

Local tank production contract litmus test for Koç’s defense business

Koç Holding’s Otokar may face challenge from BMC in a contract to build 1,000 indigenous main battle tanks despite being the creator of a prototype of the armored carrier, the Altay A multibillion-dollar government contract to select the maker of Turkey’s first indigenous main battle tank will be a litmus test for the defense arm of the country’s biggest industrial conglomerate, K

New center-right party aims at Erdoğan’s AKP

The new party is expected to announce its establishment under the name of the “Center Party” on July 7. It claims “center,” but despite some of the individuals expected to be among the founders being of center-left origin, the majority and those having their grassroots links are of right wing origin.

Turkish minister urges Central Bank to cut rates on Tuesday

Turkey’s economy minister called on June 23 for a sharp rate cut a day before a meeting of the Central Bank.

“I don’t think anybody in Turkey will want high interest rates,” Nihat Zeybekci said.

“We expect the interest rates to be lowered as soon as possible” to the level before the big rate increase in January, he added.

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