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Key Indicators
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25 key official events ahead
July 2026
Statistics
TÜİK Consumer Price Index release (June data)

Monthly CPI print for June, the headline inflation gauge tracked against the central bank's disinflation path. TÜİK releases CPI around the 3rd of each month at 10:00 Ankara time.

Summit
2026 Ankara NATO Summit

Heads of state and government of NATO members meet at the Beştepe Presidential Complex in Ankara on 7-8 July. The 36th NATO summit and the second hosted by Türkiye; agenda includes defence spending, the Alliance's southern flank and the largest-ever NATO defence-industry forum.

Statistics
TÜİK Labour Force Statistics release (June data)

Monthly unemployment and employment data for June. TÜİK publishes Labour Force Statistics on the 15th of each month (or the next working day) at 10:00 Ankara time; 15 July falls in the release window.

Central Bank
CBRT Monetary Policy Committee interest rate decision (July)

Seventh of eight 2026 MPC meetings. Policy-rate decision and statement published at 14:00 Ankara time.

August 2026
Statistics
TÜİK Consumer Price Index release (July data)

Monthly CPI print for July. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Inflation Report 2026-III

Third of the CBRT's four quarterly Inflation Reports for 2026, presented at a Governor's briefing. Updates the bank's inflation forecasts and outlook, closely watched for any revision to the year-end inflation projection.

Statistics
TÜİK Labour Force Statistics release (July data)

Monthly unemployment and employment data for July, released in the mid-month window (around the 15th) at 10:00 Ankara time.

September 2026
Statistics
TÜİK Q2 2026 GDP release

Second-quarter gross domestic product print, the headline growth reading. TÜİK publishes quarterly GDP roughly two months after the quarter ends; the Q2 release lands around 1 September.

Statistics
TÜİK Consumer Price Index release (August data)

Monthly CPI print for August. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (September)

Eighth scheduled 2026 MPC meeting (counting from January). Policy-rate decision and statement published at 14:00 Ankara time.

October 2026
Statistics
TÜİK Consumer Price Index release (September data)

Monthly CPI print for September; the 3rd falls on a weekend so the release shifts to the first working day. Published at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (October)

Penultimate 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time.

November 2026
Statistics
TÜİK Consumer Price Index release (October data)

Monthly CPI print for October. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Inflation Report 2026-IV

Final quarterly Inflation Report of 2026, presented at a Governor's briefing. Sets out the bank's updated inflation forecasts heading into 2027.

Statistics
TÜİK Labour Force Statistics release (October data)

Monthly unemployment and employment data for October, released in the mid-month window (15th falls on a weekend, shifting to the next working day) at 10:00 Ankara time.

Central Bank
CBRT Financial Stability Report (November)

Second of the CBRT's two semi-annual Financial Stability Reports for 2026, assessing risks in the banking system, credit, FX and external balances.

December 2026
Statistics
TÜİK Consumer Price Index release (November data)

Monthly CPI print for November. Released around the 3rd of the month at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (December)

Final 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time; the last rate-setting decision of the year.

Central Bank
CBRT Monetary Policy text for 2027

Annual monetary-policy framework document for the coming year, which also publishes the full 2027 schedule of MPC meeting and report dates. Sets out the inflation target and policy approach for 2027.

Statistics
TÜİK Q3 2026 GDP release

Third-quarter gross domestic product print. TÜİK publishes quarterly GDP roughly 80 days after the quarter ends; the Q3 release lands in late December. (provisional date pending TÜİK release calendar)

January 2027
Statistics
TÜİK Consumer Price Index release (December data)

Monthly CPI print for December and the full-year 2026 inflation figure; 3 January falls on a weekend so the release shifts to the first working day. Published at 10:00 Ankara time.

Central Bank
CBRT Monetary Policy Committee interest rate decision (January)

First MPC meeting of 2027, expected in the fourth week of January in line with the CBRT's usual cadence. (provisional date; the official 2027 schedule is published with the December 2026 monetary-policy text)

February 2027
Statistics
TÜİK Consumer Price Index release (January 2027 data)

Monthly CPI print for January 2027. Released around the 3rd of the month at 10:00 Ankara time. (provisional; based on TÜİK's standard ~3rd-of-month cadence)

Central Bank
CBRT Inflation Report 2027-I

First quarterly Inflation Report of 2027, presented at a Governor's briefing with updated inflation forecasts. (provisional date; the 2026-I report was published on 12 February 2026 and the exact 2027 date is confirmed with the December 2026 schedule)

April 2027
Election
Turkish constitutional referendum (potential)

AKP signals a possible referendum on a new constitution, linked to the renewed Kurdish peace process and a potential reset of presidential term limits. Targeted for autumn 2026 or, more likely, spring 2027. (provisional; no official date called, exact date is speculative)

Turkey

Recent events

24
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tr45

Turkey excluded from G7 summit guest list amid trust deficit with West

Turkey was notably absent from the guest list of the G7 summit in Evian, France, while other middle powers such as India, Brazil, South Korea, Kenya, and Egypt were invited. The exclusion reflects a growing trust deficit in Western capitals due to concerns over democratic backsliding, unpredictability in foreign policy, and the S-400 crisis. Despite Turkey's strategic importance in NATO and the Ukraine war, its geopolitical power is not translating into political influence, and its democratic decline is harming its international image.

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Turkey was notably absent from the guest list of the G7 summit in Evian, France, while other middle powers such as India, Brazil, South Korea, Kenya, and Egypt were invited. The exclusion reflects a growing trust deficit in Western capitals due to concerns over democratic backsliding, unpredictability in foreign policy, and the S-400 crisis. Despite Turkey's strategic importance in NATO and the Ukraine war, its geopolitical power is not translating into political influence, and its democratic decline is harming its international image.

tr44

Turkey and Saudi Arabia lead Muslim condemnation of Israeli settler arson attacks on West Bank mosques

Foreign ministers from Turkey, Saudi Arabia, Jordan, UAE, Qatar, Indonesia, Pakistan, and Egypt jointly condemned Israeli settler arson attacks on two mosques in the occupied West Bank villages of Jiljiliya and Mazari an-Nubani. They held Israel responsible as the occupying power. The attacks, which included graffiti from the radical Hilltop Youth group, occurred amid increased settler violence since October 2023.

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Foreign ministers from Turkey, Saudi Arabia, Jordan, UAE, Qatar, Indonesia, Pakistan, and Egypt jointly condemned Israeli settler arson attacks on two mosques in the occupied West Bank villages of Jiljiliya and Mazari an-Nubani. They held Israel responsible as the occupying power. The attacks, which included graffiti from the radical Hilltop Youth group, occurred amid increased settler violence since October 2023.

tr43

NATO deploys SAMP/T in Turkey; Turkey tests domestic Siper system

Background: Italy and Türkiye have been deepening defense industrial cooperation, including potential TB3 drone integration and SAMP/T co-production. Today, Italy completed deployment of the SAMP/T air defense system at Konya's Third Main Jet Base as part of NATO's permanent defense plan, amid heightened security following the U.S.-Israel-Iran war. Separately, Turkey successfully tested its domestically developed Siper air defense system, which destroyed a Super Lightning drone, as part of the Steel Dome project to enhance multi-layered air and missile defense capacity.

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Background: Italy and Türkiye have been deepening defense industrial cooperation, including potential TB3 drone integration and SAMP/T co-production. Today, Italy completed deployment of the SAMP/T air defense system at Konya's Third Main Jet Base as part of NATO's permanent defense plan, amid heightened security following the U.S.-Israel-Iran war. Separately, Turkey successfully tested its domestically developed Siper air defense system, which destroyed a Super Lightning drone, as part of the Steel Dome project to enhance multi-layered air and missile defense capacity.

tr41

Turkish FM says Europe relies on Türkiye for NATO's future, discusses Russia visit and regional issues

Background: Turkey is hosting the NATO summit in Ankara on July 6-7, 2026, with agenda covering alliance solidarity, defense industrial cooperation, Middle East security, Black Sea security, and Turkey's role in NATO's eastern and southern flanks. Today: Turkish Foreign Minister Hakan Fidan stated that European NATO members trust Türkiye and President Erdoğan to manage the upcoming NATO summit, and that Türkiye acts as an anchor country within the alliance, forming its own opinions separately from other members. He also discussed his recent visit to Russia, where he met Foreign Minister Sergey Lavrov and President Vladimir Putin, describing the visit as fruitful and noting no change in Turkish-Russian relations. Fidan commented on the Russia-Ukraine conflict, regional cooperation in the South Caucasus, normalization with Armenia, and the US-Iran deal, stating that an agreement in principle has been reached but technical issues remain unresolved. He also criticized Israel's regional policies and discussed efforts for a second phase of Gaza cease-fire negotiations involving Türkiye's National Intelligence Organization (MIT).

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Background: Turkey is hosting the NATO summit in Ankara on July 6-7, 2026, with agenda covering alliance solidarity, defense industrial cooperation, Middle East security, Black Sea security, and Turkey's role in NATO's eastern and southern flanks. Today: Turkish Foreign Minister Hakan Fidan stated that European NATO members trust Türkiye and President Erdoğan to manage the upcoming NATO summit, and that Türkiye acts as an anchor country within the alliance, forming its own opinions separately from other members. He also discussed his recent visit to Russia, where he met Foreign Minister Sergey Lavrov and President Vladimir Putin, describing the visit as fruitful and noting no change in Turkish-Russian relations. Fidan commented on the Russia-Ukraine conflict, regional cooperation in the South Caucasus, normalization with Armenia, and the US-Iran deal, stating that an agreement in principle has been reached but technical issues remain unresolved. He also criticized Israel's regional policies and discussed efforts for a second phase of Gaza cease-fire negotiations involving Türkiye's National Intelligence Organization (MIT).

tr40

Turkish housing sales drop 31.2% year-on-year in May 2026

Total housing sales in Turkey fell 31.2% year-on-year in May 2026 to 93,333 units, the sharpest decline since December 2023, according to TurkStat data. The drop was partly attributed to fewer working days due to Eid holidays. Sales to foreigners also declined 27% year-on-year, with Russian, Iranian, and Ukrainian citizens leading purchases. Mortgage-backed sales fell slightly, while non-mortgage sales dropped 36.2%. The decline reflects ongoing economic pressures in the housing sector.

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Total housing sales in Turkey fell 31.2% year-on-year in May 2026 to 93,333 units, the sharpest decline since December 2023, according to TurkStat data. The drop was partly attributed to fewer working days due to Eid holidays. Sales to foreigners also declined 27% year-on-year, with Russian, Iranian, and Ukrainian citizens leading purchases. Mortgage-backed sales fell slightly, while non-mortgage sales dropped 36.2%. The decline reflects ongoing economic pressures in the housing sector.

tr39

Turkish police detain 15 Daesh suspects in Istanbul raids; MIT captures senior operative near border

Turkish counterterrorism police detained 15 Daesh-linked suspects in simultaneous raids across Istanbul, targeting the group's financing and propaganda networks. Separately, the National Intelligence Organization (MIT) captured senior Daesh operative Ahmet Kazancı near the border. Kazancı, a member of the Islamic State-Khorasan Province (ISKP), admitted to working under captured media chief Özgür Altun and conducting propaganda activities. The operations disrupted planned attacks on Turkey and exposed recruitment networks.

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Turkish counterterrorism police detained 15 Daesh-linked suspects in simultaneous raids across Istanbul, targeting the group's financing and propaganda networks. Separately, the National Intelligence Organization (MIT) captured senior Daesh operative Ahmet Kazancı near the border. Kazancı, a member of the Islamic State-Khorasan Province (ISKP), admitted to working under captured media chief Özgür Altun and conducting propaganda activities. The operations disrupted planned attacks on Turkey and exposed recruitment networks.

tr28

Turkey VP Slams EU Report, Calls for Fair Accession Process

Turkish Vice President Cevdet Yılmaz criticized a European Parliament report that called for sanctions against Justice Minister Akın Gürlek, accusing the EU of political bias and double standards. Speaking at an event in Ankara highlighting EU-funded projects, Yılmaz described a dual-faced Europe and urged the bloc to advance Turkey's stalled membership process based on objective criteria, not populist discourse. The report, which Turkey's Foreign Ministry rejected as relying on misinformation, follows corruption cases against the main opposition CHP.

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Turkish Vice President Cevdet Yılmaz criticized a European Parliament report that called for sanctions against Justice Minister Akın Gürlek, accusing the EU of political bias and double standards. Speaking at an event in Ankara highlighting EU-funded projects, Yılmaz described a dual-faced Europe and urged the bloc to advance Turkey's stalled membership process based on objective criteria, not populist discourse. The report, which Turkey's Foreign Ministry rejected as relying on misinformation, follows corruption cases against the main opposition CHP.

tr25

Belarusian exile Anatol Kotau vanishes after Russian FSB intercepts yacht off Abkhazia

A joint investigation by DW, the Belarusian Investigative Center, and OCCRP reveals that former Belarusian diplomat and sports official Anatol Kotau was lured onto a yacht in Turkey in August 2025, then intercepted by the Russian FSB Coast Guard in waters off Russian-occupied Abkhazia. Kotau, wanted by Belarus and Russia for his opposition activities, has not been seen since. The operation likely involved cooperation between Belarusian and Russian security services, highlighting the reach of authoritarian regimes in targeting dissidents abroad.

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A joint investigation by DW, the Belarusian Investigative Center, and OCCRP reveals that former Belarusian diplomat and sports official Anatol Kotau was lured onto a yacht in Turkey in August 2025, then intercepted by the Russian FSB Coast Guard in waters off Russian-occupied Abkhazia. Kotau, wanted by Belarus and Russia for his opposition activities, has not been seen since. The operation likely involved cooperation between Belarusian and Russian security services, highlighting the reach of authoritarian regimes in targeting dissidents abroad.