Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The government’s first pay offer in collective bargaining—10% for the first half of 2026, 6% for the second half, and 4% for each half of 2027—was rejected by public sector unions representing about four million civil servants and more than two million retirees.
As millions of retirees await a long-promised pension hike, Treasury and Finance Minister Mehmet Şimşek appeared to downplay the pressure caused by rising rents. Speaking at the ruling AKP’s Kızılcahamam retreat, Şimşek said: “72% of the population owns their home, 28% rent, and only 14% of retirees are renters,” according to pro-government columnist Abdulkadir Selvi.
As millions of retirees await a long-promised pension hike, Treasury and Finance Minister Mehmet Şimşek appeared to downplay the pressure caused by rising rents. Speaking at the ruling AKP’s Kızılcahamam retreat, Şimşek said: “72% of the population owns their home, 28% rent, and only 14% of retirees are renters,” according to pro-government columnist Abdulkadir Selvi.
Only some people, apart from the experts and those involved with the energy sector, are aware that Turkey has quietly joined the Minerals Security Partnership (MSP), a Western cooperation platform on essential minerals. Critical minerals have become the new frontline of the rivalry between China and the US. China has a global monopoly on the production (70%) and processing (90%) of rare-earth elements (REEs).