Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkey's Capital Markets Board (SPK) is tightening its grip on investment funds and the stock market under new chair Mahmut Sütcü in response to domestic and international calls for a clampdown on manipulation.
Millions of retirees in Turkey are waiting for official inflation data due on July 3 to learn how much their pensions could increase in the second half of the year. TurkStat will announce June inflation figures on July 3, revealing the inflation rate for the first six months of 2026. The data will determine the basis for pension adjustments. The parliament previously set the minimum pension for workers and self-employed retirees at 20,000 Turkish lira ($434) as of Jan. 1, 2026. Any increase to that minimum pension level will require a new legal regulation.
With inflation at 30.89% annually and 0.89% month‑on‑month in December, according to the Turkish Statistical Institute (TurkStat), the latest pension adjustments have ignited discontent among retirees. Most retired workers and tradespeople will receive only a 12.19% increase, while public servant retirees are slated for an 18.60% rise.
The AKP submitted a 15-item proposal to parliament as it pushes ahead with incentives to lure foreign investment and cash repatriation.
President Recep Tayyip Erdoğan has announced a comprehensive investment incentive plan, aimed at making Turkey a 'global attraction center,' but the plan drew criticism over the lack of enforcement of existing laws.
While Iran is extensively using kamikaze UAVs in its attacks in the conflict with Israeli and US forces, STM (Defense Technologies Engineering and Trade Inc.), announced that it had conducted the first test flight of its new long-range kamikaze UAV.
The poet Nazım Hikmet writes in his poem The Postman: “The news of humankind, of the world, of the homeland / The news of the tree, the wolf, the bird / At dawn or in the middle of the night / I carried to people in the middle of my heart...”
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).
The word of the week is—surprise, surprise—“boycott.” This word has its roots in Ireland but was readily adopted by the Ottoman Empire as “boykotaj” in the early 20th century. It all began with a stubborn man and a group of angry farmers. Charles Boycott, the eponymous land agent in 19th-century Ireland, refused to lower rents. In return, local tenants refused to acknowledge his existence—no violence, no slogans—just pure, icy silence. Labourers wouldn’t work his land, shopkeepers wouldn’t serve him, even the postman changed routes in what was the forefather of today’s cancel culture. Boycott became so isolated that his name turned into a verb.