Court Decision vs CHP Chair Sets Dangerous Precedent for 2023 Elections

LOCAL NEWS

• Local analyst warns that the recent decision by Turkey’s Supreme Court of Appeals to uphold three separate prison terms for CHP Chair Kaftancioglu is the start of a fresh crackdown on the opposition ahead of the 2023 elections and even the postponement/cancellation of the vote in the worst case scenario.
  • Although Kaftancioglu may avoid jail time, she is fully barred from political activity – setting a dangerous precedent with Erdogan’s polling results dangerously low. – Ahval
• Turkish contractors are calling for Treasury lands to be given to contractors at lower costs, which they estimate would decrease house prices by 30%. – Sabah
• “Early booking discounts of up to 50% have created a significant increase in demand among tourists as Turkey seeks to revive its tourism season with the goal of $35bn in revenue. Especially in the period up to May, there was a 250% increase in early bookings,” Onur Otrus, CEO of Tatilbudur.com, said – Dunya

Data:

• 0800BST: Mar Industrial Production m/m, 4.4% prior
• 0800BST: Mar Industrial Production y/y, 13.3% prior