Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The Foreign Exchange-Protected Deposit scheme, known as KKM, has come to a complete end after total balances in the accounts dropped to zero, according to weekly data from the Banking Regulation and Supervision Agency (BDDK).
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.
Overseas shopping got more expensive after new regulations ended the customs exemption for individual purchases of less than €30.
Turkey’s Banking Regulation and Supervision Agency (BDDK) released new data covering the first nine months of 2025, revealing the country’s debt landscape by province. The capital, Ankara, recorded the highest total credit debt, while the central Anatolian province of Karaman had the largest share of citizens unable to repay their loans and facing collection proceedings.
Access to Turkish pop singer Mabel Matiz’s song Perperişan has been blocked following a court order issued by the Ankara Criminal Court of Peace. The move came at the request of the Family and Social Services Ministry, which claimed the song violated public order and general health regulations.
The Banking Regulation and Supervision Agency's latest data shows that income inequality continues in Turkey.