Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Former Treasury Undersecretary and prominent economist Mahfi Eğilmez calculated that the fair value of the US dollar should be 65 liras based on the Big Mac Index, far above the market exchange rate of 47.50 liras and warned that the holding the exchange rate below its fair value inflates the country's GDP and per capita income figures on paper without making Turks any richer.
The Turkish economy grew by 2.5% in the first quarter of 2026 compared to the same period last year, lower than the 2.7% growth expected by economists. TurkStat data showed that quarter-on-quarter GDP growth remained at 0.1%. Household consumption made the largest contribution to growth with 3.4 percentage points. However, industrial production contracted. Also, the negative contribution of net foreign trade expanded.
When Keriman Halis, a 19-year-old of Circassian descent, won the title of Miss Turkey in 1932, she became the punching bag of some of the media. Surely, wrote several columnists, this girl with the round face and jutting eyebrows had only been chosen because her father, a musician, was on friendly terms with the members of the jury, the writers, composers, and the intellectuals handpicked by the daily Cumhuriyet, which used to organize the pageant back then.
Thirteen months after sentencing, the Ankara 22nd High Criminal Court has released its reasoned verdict in the high-profile Kobani trial, in which former HDP Co-Chairs Selahattin Demirtaş and Figen Yüksekdağ were sentenced to 42 and 30 years in prison, respectively.
Selahattin Demirtaş, former co-chair of the HDP, has been sentenced to one year, five months and 15 days in prison over speeches he delivered in 2015–2016 despite a final and binding European Court of Human Rights (ECHR) ruling calling for his release.
Images of Kurdistan Democratic Party (KDP) leader Masoud Barzani accompanied by uniformed peshmerga fighters wearing red berets and carrying assault rifles weapons in Şırnak sparked outrage — particularly from MHP Chair Devlet Bahçeli — and drove the Interior Ministry to investigate itself.
Democrat Party (DP) Izmir Deputy Haydar Altıntaş has announced the party's withdrawal from the National Solidarity, Brotherhood, and Democracy Commission, citing objections to the delegation’s visit to İmralı where PKK leader Abdullah Öcalan has been jailed since 1999.
A new case has been opened against former HDP co-chair Selahattin Demirtaş on charges of insulting the president, days after the European Court of Human Rights upheld its ruling that he should be released.
Jailed former HDP co-chair Selahattin Demirtaş rejected remarks by former Parliament Speaker Bülent Arınç suggesting Demirtaş wished to meet President Recep Tayyip Erdoğan and tell him he held no resentment. After a visit to Edirne Prison, Arınç said Demirtaş wanted to tell Erdoğan, “I hold no grudge against you.” Demirtaş responded with a handwritten note, saying he never expressed such a thought. “What troubles me most is being associated with words and ideas I never hinted at,” he wrote.
As expectations grow for the release of former HDP Co-chair Selahattin Demirtaş, former HDP MPs Semra Güzel and Hüda Kaya have been released, taking into account the length of their detention.
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.
Turkey’s Constitutional Court has ruled that former HDP MP Hüda Kaya was unlawfully arrested and that her rights were violated after she was denied access to her file following her detention over the 2014 Kobani protests.