Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Access to Turkish pop singer Mabel Matiz’s song Perperişan has been blocked following a court order issued by the Ankara Criminal Court of Peace. The move came at the request of the Family and Social Services Ministry, which claimed the song violated public order and general health regulations.
The postponement of the decision in the lawsuit to cancel the CHP's 38th regular congress brought short-term relief to the markets. The BIST 100 index gained 5% following the decision. The banking index also gained over 6%. The risk premium reached 261 basis points, the lowest in about six months.
DEM Party MP Cengiz Çandar said that despite public support for the ongoing peace process in Turkey being at 70 %, the trust rate is lower due to a lack of information.
Turkey’s main opposition CHP suffered a fresh blow as a court dissolved its largest provincial board in Istanbul over cash payment claims. The party now awaits either a Sept. 5 ruling by the Supreme Election Board (YSK) or a Sept.15 court hearing that could unseat Chair Özgür Özel’s administration. The CHP, which came to power at a November 2023 congress with the slogan “Change,” now risks being replaced by the team of former chair Kemal Kılıçdaroğlu. The 45th Civil Court of First Instance ruled that irregularities in the October 2023 Istanbul provincial congress were “approximately proven.” The court suspended provincial chair Özgür Çelik, the executive and disciplinary boards, and 196 delegates. Attention has now turned to another court set to review the CHP’s 2023 congress in Ankara. “The Istanbul decision is null and void. We do not recognize it,” said Özel, vowing not to hand over CHP’s Istanbul building to the appointed administration. The Istanbul administration also started a stage-in protest in front of the building for 24 hours.
Following the cancellation on Sept. 2 of the CHP Istanbul Provincial Congress, losses on the Istanbul Stock Exchange exceeded 5% within the day. The banking index dropped by more than 8% before rebounding.
Following last year's oath-taking crisis at the Army War College graduation ceremony, this year's ceremonies were held under very strict security measures.
Anna Kviloriya, the TV anchor wife of Belarusian Ambassador to Ankara Anatoliy Glaz, said that her husband warned her not to wear a low-cut dress for their credentials ceremony at the presidential complex.
The Public Servants Arbitration Board has finalized wage hikes for 6.5 million civil servants and retirees, setting raises far below inflation and poverty thresholds after collective bargaining collapsed.
The DEM Party delegation will visit Abdullah Öcalan, the jailed PKK founder, on İmralı Island on Aug. 28, following weeks of criticism over limited access.
Japanese Defense Minister Gen. Nakatani toured the facilities of Turkish Aerospace Industries (TAI) and Baykar to examine Turkish-made aircraft and unmanned aerial vehicles. His visit followed a meeting with his Turkish counterpart, Defense Minister Yaşar Güler.
Hakan Aran, head of İş Bank, the country’s largest private lender, said they expect Turkey’s annual inflation to drop to 29% by the end of 2025, with interest rates falling to 35%. Aran shared his predictions regarding the economic normalization process at a press conference. According to Aran, “we may see monthly inflation rates drop below 1% as the normalization process begins in May 2026.”
Foreign direct investment (FDI) in Turkey rose 27% year-on-year to $6.3 billion in the first half of 2025, led by inflows from the Netherlands and Kazakhstan, according to the International Investors Association (YASED).