AtillaYesiladaENG

[AtillaYesiladaENG @AtillaEng]

TURKEY – Household inflation expectations remain stubbornly high despite easing headline CPI, according to new surveys from Koç University and BETAM.

Koç University’s May survey showed 12-month inflation expectations at 47%, while perceived inflation stood at 54%. Economist Selva Demiralp warned that rising political risks are weakening the transmission of disinflation to expectations.

Gold remains the top savings choice for Turkish households, with 51% preferring it over TL deposits, funds, stocks or crypto.

BETAM’s survey showed households expect 53.7% inflation over the next year — far above the Turkish central bank market survey forecast of 23.8%.

[AtillaYesiladaENG @AtillaEng]

TURKEY/ MÜSİAD’s May SAMEKS survey suggests the Turkish economy is still slowing, though the pace of contraction eased slightly.

The composite index rose to 49.3, still below the critical 50 threshold. Services recovered into expansion territory at 51.6, while manufacturing remained weak at 47.1.

Production indicators improved modestly, but weak orders, falling inventories and soft employment data show companies remain cautious amid high interest rates and fragile domestic demand.

Bottom line: no hard landing yet, but no real recovery either.

#Turkey #Economy #SAMEKS #Inflation #TCMB #Markets #Manufacturing #Services #Growth #TurkeyEconomy

[AtillaYesiladaENG @AtillaEng]

Global Source Partners TURKEY Weekly: Under pressure

https://t.co/AskiPUoCmW

[AtillaYesiladaENG @AtillaEng]

3) Ozel marches 7 clicks to Grand Assembly building with a large crowd in tow and wowes to fight for democracy. I'm sure Erdogan watched the whole spectacle with glee. Turkey is becoming the Evil Empire.

[AtillaYesiladaENG @AtillaEng]

2) CHP HQ: Vacated by police force. CHP appeals to Interior Ministry and Kilicdaroglu to stop the raid. No avail. Kilicdaroglu's attorneys take over the building around 2 pm.

[AtillaYesiladaENG @AtillaEng]

1) Hellish scenes at CHP HQ yesterday. First allgedly pro-Kilicdarolgu thugs raid it. Then, riot police arrives and gasses party mebmers and the press corps. Numerous injuries.

[AtillaYesiladaENG @AtillaEng]

Ohh my God, to imagine Erdogan would dare or bother to attack Greek Cyprus? It reminds me of the famous meme: Just because I'm paranoid, doesn't mean I'm being watched

[AtillaYesiladaENG @AtillaEng]

Chill, Turkey is perfectly capable to shoot herself in the foot and raise the ire of EU, no external help needed. I wonder when von der Leyen will declare Turkey a bigger threat than Russia.

[Bacchus🏛️🇬🇷🏛️ @Bacchus_GR]

Finally, the issue is spreading across Europe. This is no longer just a Greek matter it has become a European one. We are talking about Europe's borders, its natural resources, and its future energy independence.

[AtillaYesiladaENG @AtillaEng]

TURKEY/Police raiding CHP headquarters to vacate chairman Ozel and followers at the request of court appointed chairman Kilicdaroglu. It is hard to believe that Kilicdaroglu has harbored so much hatred for his fellow party members.

[AtillaYesiladaENG @AtillaEng]

TURKEY/ More than 10 entertainment venues in Istanbul’s Kadıköy district were sealed shut after consecutive police raids officially described as anti-drug operations.

Venue owners claim no criminal evidence was found, yet they were accused of drug trafficking anyway. Residents and business owners argue the crackdown is really about lifestyle politics and link it to tensions surrounding a planned mosque project near the waterfront.

#Turkey #Kadikoy #Istanbul #Lifestyle #Politics #Freedom #Secularism #Police #TurkeyNews #Breaking

[AtillaYesiladaENG @AtillaEng]

TURKEY/ Istanbul Economic Research’s May survey may explain why Turkey risks missing the AI age.

56.7% of respondents say the state should act more harshly to protect society’s moral values. 55.9% want more classroom time devoted to religious education.

Countries leading the AI race are investing aggressively in science, coding, engineering, critical thinking and research ecosystems. Turkey’s debate is still centered on morality policing and religion in schools.

Human capital is destiny in the AI century.

#Turkey #AI #Education #Technology #Economy #ArtificialIntelligence #STEM #Politics #Innovation #Future

[AtillaYesiladaENG @AtillaEng]

So much for fear of democracy: 🇹🇷 Turkish Assets Rebound After Political ShockwaveTurkish markets staged a powerful recovery as investors brushed off the initial shock of a landmark court ruling removing the main opposition party's leadership.📉 The Context: A sharp Thursday selloff dragged the BIST 100 down 6.1%, prompting a $6B foreign currency defense by state lenders to support the Lira. 📈 The Bounce Back:Borsa Istanbul roared back, closing Friday 4.9% up (gaining as much as 5.3%) as investors treated the realized political risk as a buying opportunity.Sovereign dollar bonds rallied strongly, outperforming across emerging markets.Five-year credit default swaps (CDS) retreated from their brief spike. While the ruling alters the domestic political landscape heading toward 2028, the lack of an unmanageable spiral in the Lira gave local and international buyers the green light to jump back into Turkish risk.#Turkey #BIST100 #EmergingMarkets #MacroEconomy #BorsaIstanbul

[AtillaYesiladaENG @AtillaEng]

TURKEY/ Tensions escalated overnight at CHP headquarters after claims that Kemal Kılıçdaroğlu requested the evacuation of the party’s main building following the court’s “mutlak butlan” ruling.

Crowds gathered outside CHP HQ as supporters of Özgür Özel kept watch at the building. Local media reported scuffles between party members close to Kılıçdaroğlu and protesters defending the current leadership.

The crisis inside Turkey’s main opposition party is rapidly deepening.

#Turkey #CHP #Kilicdaroglu #OzgurOzel #Erdogan #Politics #Ankara #Breaking #Opposition #TurkeyNews

[AtillaYesiladaENG @AtillaEng]

TURKEY/ CHP insiders claim the party’s rising poll numbers — now reportedly 4-5 points ahead of Erdoğan’s bloc — triggered the court move against the opposition leadership.

Party officials say there is overwhelming grassroots pressure for a new congress and warn they will begin collecting delegate signatures after the holiday if no election date is announced.

Despite speculation, CHP sources reject forming a new party: “CHP is our political home. We will fight inside the party to the end.”

#Turkey #CHP #Erdogan #OzgurOzel #Kilicdaroglu #Politics #Election #Opposition #Ankara #Breaking

[AtillaYesiladaENG @AtillaEng]

Another Erdogan move governed by revenge on secular life style: Erdogan signed a decree on May 21 revoking the operating license of Istanbul Bilgi University, a prominent private school founded in 1996 with 22,000 students, many from abroad. The closure follows a 2025 seizure of its owner Can Holding over money laundering and fraud probes, with trustees appointed and the decree citing unmet educational standards. The Council of Higher Education plans to transfer students to Mimar Sinan Güzel Sanatlar University for continuity, though staff futures remain uncertain amid protests. concerns over academic freedom.

[AtillaYesiladaENG @AtillaEng]

TURKEY/ Rising political tensions and renewed pressure on the Turkish lira are reviving expectations of another CBRT rate hike.

HSBC and JPMorgan warn that if dollarization accelerates or FX reserve losses deepen, the Turkish central bank may be forced to tighten policy again — despite slowing growth.

JPMorgan now expects rates to rise to 40% from 37%, while analysts say an emergency hike cannot be ruled out if reserve burn continues.

Markets are increasingly focused on whether Ankara can defend the lira without another sharp tightening cycle.

#Turkey #CBRT #Lira #Erdogan #Inflation #InterestRates #Markets #FX #EmergingMarkets #Economy

[AtillaYesiladaENG @AtillaEng]

TURKEY/ Journalist Fatih Altaylı argues that immediate snap elections are unlikely despite the escalating CHP crisis and the “mutlak butlan” ruling.

According to Altaylı, the earliest realistic election date would be November 2026, not within 45 days as some speculate. He claims the government wants to weaken CHP politically first, while the real key to any early election remains MHP leader Devlet Bahçeli.

[AtillaYesiladaENG @AtillaEng]

It's my luck that I went cataract surgery the day an appellate court turned the party over to its former chairman Kemal Kilicdaroglu, who wants to purge the party from graft. Either he has dementia, or entered Erdogan's payroll

[AtillaYesiladaENG @AtillaEng]

TURKEY/New crackdown on CHP. After the party was returned to former chair Kilicdaroglu on account of a fraudulent general convention, police is now arresting "the culprits" for fraud. The first wave nets 13 CHP members in 7 provinces. This is a prelude for a closure suit against CHP

[AtillaYesiladaENG @AtillaEng]

A major drug operation targeting high-profile celebrities is underway in Turkey. 🚨⚖️

The Bakırköy Chief Public Prosecutor's Office has issued detention warrants for 25 individuals as part of a sweeping narcotics investigation.

So far, 14 suspects have been taken into custody—including popular singer Mabel Matiz, actress Feyza Civelek, and well-known figure Volkan Bahçekapılı. Law enforcement operations are actively continuing to apprehend the remaining individuals named in the probe. 🇹🇷🎬