GOVERNMENT PROMOTES PEACE PLAN AS İYİ PARTY HEADS TO DIYARBAKIR
The AKP and MHP are gearing up to promote the “Terror-free Turkey” initiative on the ground, while the İYİ Party prepares a counter-move.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
BÜYÜKELÇİ
In Turkish, the term for ambassador has undergone a transformation as sweeping as the empire it once served. The old-fashioned word was “Sefir,” from the Arabic s‑f‑r root meaning “to bear a message,” and the highest rank was Sefir‑i Kebir—the Grand Envoy—complete with embroidered robes and horse-led fanfare. Today, the bureaucratic “Büyükelçi” literally means “great envoy,” yet, put in plain Turkish, it feels a little less illustrious.
CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS
The Central Bank lowered its one-week repo rate from 46% to 43% on July 24, despite warning signs that inflation pressures persist. This was the first cut following the April rate hike. The Monetary Policy Committee also reduced the overnight lending rate from 49% to 46% and the overnight borrowing rate from 44.5% to 41.5%. While June’s core inflation trend remained unchanged, preliminary indicators pointed to a temporary rise in July inflation due to month-specific factors.
TURKEY RESHAPES OIL TIES WITH IRAQ
After a decision to terminate the 1973 crude oil pipeline agreement with Iraq as of July 27, 2026, Turkey started negotiations with the Iraqi central government for a more comprehensive agreement on the transportation of Iraqi oil. The move is not a withdrawal from the partnership but a strategic reset. Under the 1973 agreement and its supplementary protocols, either party must notify the other at least one year before expiry if it intends to terminate the deal. If no such notice is given, the contract automatically renews for five years. Turkey has now officially informed Iraq of its intent to withdraw, preventing automatic renewal and opening space for renegotiation.
OLIVE GROVES OPENED TO MINING DESPITE OUTCRY
Parliament passed a legislative package on July 19 that enables mining in olive groves, triggering protests from opposition parties, locals, and environmental groups. The bill, which the AKP says is to address Turkey’s energy needs, passed with 255 votes in favor and 199 against.
CO-CHAIR: DEM WILL REMAIN IN OPPOSITION REGARDLESS OF PROCESS OUTCOME
Ahead of CHP’s hesitations to join the parliamentary commission, DEM Party Co-Chair Tuncer Bakırhan said that the party will maintain its opposition identity even if the process is successful. Bakırhan stated that the matter will eventually be brought before the DEM and that they will not approve the constitutional amendment if it does not satisfy their demands regarding the Kurdish issue, democratization, women's rights, youth, Alevis' right to equal citizenship, economic justice, and the environment.
SYMBOL OF FEAR RETURNS
One of the prosecutors overseeing the case against Istanbul Mayor Ekrem İmamoğlu has come under fire after CHP Chair Özgür Özel revealed that the prosecutor displays a model of a Beyaz Toros—a car widely associated with disappearances and state violence in the 1990s. İmamoğlu, who has been held at Silivri Prison since his March 19 arrest, recounted the incident during an interview with journalist Ruşen Çakır of Medyascope as he visited the Istanbul Mayor in prison. İmamoğlu said the prosecutor, who took his testimony following the sweeping police operation, placed a symbolic image of the white Renault Toros on his desk and ended the interrogation by saying: “Tomorrow you become president, then you judge us.”
MOST SIGNIFICANT SHAKE-UP IN ARMY'S PENSION FUND SINCE 2016 COUP ATTEMPT
In the most dramatic leadership overhaul at OYAK since the 2016 coup attempt, retired Lt. Gen. Zekai Aksakallı—once a key figure in thwarting the coup—has been named chairman of the Turkish Armed Forces' influential pension fund and commercial powerhouse. OYAK announced the surprise changes just two months after its general assembly on May 17.
SÜREÇ
In the great Turkish game of semantics, few words do more political heavy lifting than süreç. Literally “process,” süreç is the bureaucrat’s fig leaf, the politician’s magic wand, and the journalist’s catch-all term when no one knows quite what to call a thing. It conjures movement without a very clear or declared direction, change without rupture, action without accountability. You don’t fail a süreç—you just manage it, drag it, or rebrand it.
CHEATING ALLEGATIONS MAR 2025 HIGH SCHOOL ENTRANCE EXAM
Allegations of widespread cheating in Turkey’s national High School Entrance Exam (LGS) have triggered a political storm, with opposition figures accusing the Education Ministry of negligence and a cover-up, while Minister Yusuf Tekin has forcefully rejected the claims, using inflammatory language to discredit critics. More than a month after the exam, a senior official from the ministry has been dismissed.
AT LEAST FIVE YEARS OF JAIL SENTENCE SOUGHT FOR FATİH ALTAYLI
Journalist Fatih Altaylı, who has been detained at Silivri Prison since June 22 on allegations of threatening the president in remarks on his YouTube channel, has an indictment filed against him that calls for as much as five years in jail.
ŞİMŞEK SAYS RENTERS ARE MINORITY
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.