Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
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.”
The Caucasus is undergoing a fundamental transformation that could reshape the region’s geopolitical landscape. After decades of failed attempts—such as the 2001 peace process between Armenia and Azerbaijan or the 2009 Armenia–Turkey Zurich Protocols—Armenia and Azerbaijan have now initialed agreements that could pave the way for a historic breakthrough.
The dissolution and disarmament of the PKK, so far managed through security institutions, will be brought to Parliament’s agenda next week through a newly established commission. Although framed as “above politics” and “beyond party interests,” the “process” is creating new political maneuvering room for all parties. From the government to the opposition, political actors are repositioning themselves and recalculating strategies with an eye on the 2028 elections.
As requested by MHP Chair Devlet Bahçeli, artist Ali Kınık composed a folk song on the theme of brotherhood to celebrate the Terror-free Turkey process.
Ahead of renewed hopes for a peace process, Sözcü — known for its opposition stance — has stirred controversy with successive headlines alleging the mass release of PKK-linked prisoners. The Justice Ministry has twice rejected the newspaper’s reports, which first claimed 200 prisoners had been released and later suggested an additional 700 would follow.
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.
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.
President Recep Tayyip Erdoğan’s remark about a “triple alliance” between the AKP, MHP, and DEM Party has drawn a sharp rebuke from DEM Co-Chair Tülay Hatimoğulları, who said the comment misrepresented the party’s role in the ongoing disarmament process.
The process dubbed “Terror-Free Turkey” by the ruling alliance has reached a critical point. The PKK is expected to release its first disarmament footage in the coming days. With such symbolic images looming, both sides are warning of possible provocations, stressing the need to remain vigilant against attempts to derail the process.
The PKK is expected to lay down arms this week in a symbol that will be one of the most significant steps of the peace process dubbed “Terror-free Turkey.” Iraqi Kurdish media outlet Rudaw reported on June 30 that the group would hand over weapons as a 'gesture of goodwill.”
The ruling AKP and MHP chairs continued calling for a strong “domestic front,” urging the opposition not to voice objections as the Kurdish process continues.
Former HDP Co-Chair Mithat Sancar described the government’s “Terror-Free Turkey” initiative as unique, “a process that differs from global conflict resolution practices. If successful, it will enter the world’s academic literature,” he said.