Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
With the youth unemployment rate above 25 percent, Labor and Social Security Minister Vedat Işıkhan characterized jobless young people as the “other side” and blamed them for making “excuses” instead of accepting available jobs, stating that they suffer from a “perception disorder.”
The Parliament’s National Solidarity, Brotherhood and Democracy Commission listened to think-tankers and pollsters to test the ground for public support for the peace process. The 12th meeting of the commission established in the wake of PKK’s decision to disband and lay down arms took it to 50 days of work completed to date. The commission is now preparing to shift to drafting proposals in October.
The first meeting in six years between President Recep Tayyip Erdoğan and U.S. President Donald Trump at the White House started with positive messages, as both refrained from directly addressing the issue of Gaza, on which they are at odds.Trump suggested the U.S. could lift sanctions on Turkey and allow it to buy U.S. F-35 jets, blocked due to Turkey’s procurement of S-400s from Russia, but added that he would like to see Turkey - a NATO member - stop buying Russian oil while the war in Ukraine continues. 'I'd like to have him stop buying any oil from Russia while Russia continues this rampage against Ukraine.'
The High Election Council (YSK) reaffirmed its authority on Sept. 24, rejecting a civil court ruling that sought to halt the CHP’s Istanbul Provincial Congress just minutes before it began.In response to the 45th Civil Court of First Instance's last-minute suspension order, the YSK convened urgently and issued a clear statement: “A congress already in progress cannot be stopped.”
U.S. President Donald Trump will host Turkish President Recep Tayyip Erdoğan at the White House on Sept. 25, shortly after both leaders attend the UN General Assembly in New York. Their talks are expected to focus on defense and trade, including Boeing aircraft sales, a major F-16 package, and the potential revival of discussions on the suspended F-35 program.
Following the PKK’s dissolution and decision to lay down arms, the Parliamentary Commission on Solidarity, Brotherhood and Democracy has completed 45 days of work. Having met 11 times, the commission will discuss a “Return Home Law” once parliament reopens on Oct. 1.
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.
The Central Bank reduced the calculation margins for credit card cash advances and overdraft account interest rates by 25 basis points.
Turkey’s state-owned Mechanical and Chemical Industry Corporation (MKE) has signed an agreement to supply 20mm ammunition to Poland for use with KAI FA-50GF Block 10 light combat aircraft.
Vice President Cevdet Yılmaz unveiled the Medium-Term Program for 2026–28, raising the end-2025 inflation target by 11 points from the previous plan. Yılmaz said real GDP growth targets are 3.8% in 2026, 4.3% in 202, and 5.0% in 2028. The inflation path is 28.5% for end-2025, 16% for end-2026, 9% for 2027, and 8% for 2028.
The Central Bank reduced its policy interest rate, the one-week repo auction rate, from 43% to 40.5%, the second straight cut.
Turkey’s main opposition party, the CHP, is set to hold an extraordinary congress on Sept. 21, after more than 900 delegates submitted signatures to Ankara’s Çankaya District Election Board on September 5. The move comes amid a growing legal standoff that has rocked the party’s Istanbul branch. Among the signatories, the 196 Istanbul delegates suspended by court order were not included.