Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
MHP Chair Devlet Bahçeli called for a probe into whether a new “parallel” structure has infiltrated the bureaucracy, ahead of criticisms of the judiciary. In comments about juvenile offenders, he recalled how the Gülen Terrorist Organization had established parallel networks within the government to cause chaos.
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.
İYİ Party Deputy Chair Hakan Şeref Olgun said he is preparing to file a lawsuit contesting the 2017 constitutional referendum, in which the Supreme Election Board accepted unstamped ballots.
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.
Here at the tail end of the tourist season, the word of the week writes itself: konukseverlik, hospitality, or, in its Ottoman-tinted oldspeak, misafirperverlik. Every guidebook swears Turks are preternaturally welcoming; the national branding machine isn’t shy about it either. Yet while “hospitality” is the country’s trusty calling card, the numbers are more than brochure copy. Turkey received 23.6 million foreign visitors in the first half of 2025, marking an increase of 15.9% year-on-year, as tourism revenues hit a record $24.6 billion. By July, official arrivals had topped 31.2 million, the second-highest January–July tally on record.
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.
Cyprus, the mythical land of Aphrodite, has long been in the headlines for one defining issue: its division. Since the 1960s, when Greek Cypriots pursued Enosis—union with Greece—the island has been riven by conflict. The Turkish military intervention of July 1974 cemented this division, leaving Northern Cyprus under Turkish protection and Southern Cyprus under Greek Cypriot control. For decades, this seemed to be the central challenge of the island: reunification, or lack thereof. But today, Cyprus is far more than just a frozen conflict—it is becoming one of the most militarized and geopolitically contested territories in the Eastern Mediterranean.
Aselsan delivered 47 vehicles for the Steel Dome air defense system at a ceremony attended by President Recep Tayyip Erdoğan.
The corruption probe into Istanbul and other CHP-run municipalities has taken a new turn, extending beyond politicians, lawyers, mobsters, and journalists to include a hitman. The alleged hitman is said to have acted on the instructions of Selahattin Yılmaz, a figure backed by MHP Chair Devlet Bahçeli. The latest detentions targeted several lawyers and legal experts, whose ultra-luxurious offices and lavish lifestyles raised questions, with images suggesting close links to the government.
For the past decade, Turkey’s Africa policy has favored partnership — co-designed projects, capacity building, and trade — over extractive habits associated with colonial legacies. Two countries once written off as “failed states,” Somalia and Burkina Faso, illustrate this shift. Both are edging back toward firmer state capacity under locally led agendas, with Turkey positioned as a security and development partner rather than a patron.
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.”
Central Bank Governor Fatih Karahan said inflation is expected to stand between 25% and 29% at the end of 2025, and between 13% and 19% in 2026.