What matters on Monday, January 30

The six-party opposition roundtable formed by the leaders of the Republican People’s Party (CHP), Democrat Party, DEVA Party, Gelecek Party, IYI Party, and Saadet Party, will announce the Common Policies Text, also called the election manifesto of the presidential candidate, with the participation of the leaders in Ankara today. The 200-page text will include more than 2,000 promises under nine main headlines. Moreover, CHP Chairman Kemal Kilicdaroglu told the broadcaster Halk TV yesterday that the presidential candidate of the six-party opposition roundtable will be decided at the Six-party Opposition Roundtable Leaders’ Meeting to be hosted by Saatdet Party on February 13.

The decline has been reflected in the prices after natural gas prices have decreased in the markets, according to Energy and Natural Resources Minister Fatih Donmez. He said the decrease in natural gas prices will continue as long as this situation continues. “Natural gas has a substantial share in power generation. We also expect a decline to be reflected in electricity prices. A decrease of 15-16% in wholesale electricity prices can be on the table as of February,” Donmez added.

Treasury and Finance Minister Nureddin Nebati tweeted that most of the national income has been spent not on the interest rate but the investment. “The ratio of the interest rate expenditures to national income fell from 14.3% in 2022 to 2.5% in 2021. The figure is expected to decline to 2.3% for 2023,” Nebati noted.

Regarding the economic data of the week, the Turkish Statistical Institute (TurkStat) will announce the tourism statistics for 2022, the Services Producer Price Index for December, and the foreign trade statistics for December on Tuesday morning while the Central Bank will release the monetary and banking statistics for December on the same day. On Wednesday, the Istanbul Chamber of Industry (ISO) will release the Turkey Manufacturing Purchasing Managers Index (PMI) for January. TurkStat will also release the Consumer Price Index (CPI), and the domestic producer price index (D-PPI) for January on Friday morning.

In terms of internal affairs, the parliamentary process of the law on the victims of the delayed pension age (EYT) will begin this week. The bill on the EYT is expected to be submitted to the Speaker’s Office today.

The bill on the restructuring of public debts will be discussed at the Parliamentary Planning and Budget Commission this week. EYT proposal is expected to come to the commission’s agenda after the negotiations of the structuring proposal in the Parliamentary Planning and Budget Commission are completed.


The Economic Confidence Index for January rose by 1.3% to 99.3 in January, month-over-month, according to TurkStat.


>> Turkey totally hosted 413 national and international fairs last year, according to the Union of Chambers and Commodity Exchanges of Turkey (TOBB). These fairs welcomed 18.88 million people, including 845,091 foreigners in 2022.

>> The Ministry of Industry and Technology prepared 2,062 investment incentive certificates in December. The value of the certified projects totals TRY 84.69bn. These investments are estimated to employ 53,933 people.

>> The Treasury and Finance Ministry will have a 4% share in the participation finance company Katilim Finans Kefalet AS, which will be established soon. The Ministry will transfer TRY 24m founding capital to the firm.

>> 8,027 people have applied to the financing program, which was started towards the middle-income social housing project on January 16, over the past 10 days.

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