INFLATION SURGES AS TARGETS SLIP OUT OF REACH
The government program against soaring prices faced a significant setback when new data revealed that inflation is already on the verge of exceeding year-end targets in the first four months of 2026.
Analysis
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The government program against soaring prices faced a significant setback when new data revealed that inflation is already on the verge of exceeding year-end targets in the first four months of 2026.
The setbacks and delays encountered in the Altay tank project, launched in 2007, have become a subject of political debate, while uncertainty remains over whether it will go into mass production.
Turkey’s main opposition CHP suffered a fresh blow as a court dissolved its largest provincial board in Istanbul over cash payment claims. The party now awaits either a Sept. 5 ruling by the Supreme Election Board (YSK) or a Sept.15 court hearing that could unseat Chair Özgür Özel’s administration. The CHP, which came to power at a November 2023 congress with the slogan “Change,” now risks being replaced by the team of former chair Kemal Kılıçdaroğlu. The 45th Civil Court of First Instance ruled that irregularities in the October 2023 Istanbul provincial congress were “approximately proven.” The court suspended provincial chair Özgür Çelik, the executive and disciplinary boards, and 196 delegates. Attention has now turned to another court set to review the CHP’s 2023 congress in Ankara. “The Istanbul decision is null and void. We do not recognize it,” said Özel, vowing not to hand over CHP’s Istanbul building to the appointed administration. The Istanbul administration also started a stage-in protest in front of the building for 24 hours.
“Those trying to undermine ties between Türkiye and the Turkic world through manipulation will not succeed,” Turkish Foreign Minister Hakan Fidan said finally, weeks, even months, after four Central Asian Republics accredited ambassadors to Greek Cyprus. While Ankara continues to argue for two separate states to solve the Cyprus issue, it remains unmoved by recent diplomatic setbacks.