Monthly CPI print for July. Released around the 3rd of the month at 10:00 Ankara time.
Turkey’s opposition escaped one court ruling by creating a harder coalition problem.
Özgür Özel and 90 MPs left the CHP to form the 91-seat New Party, reducing the party founded by Atatürk to 44 seats while Erdoğan’s AKP holds 277. The new opposition must now survive legal pressure, a divided electorate and the unresolved Öcalan question as Black Sea attacks and gas diversification widen Ankara’s strategic agenda.
Upcoming
31 key official events aheadThird 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.
Monthly unemployment and employment data for July, released in the mid-month window (around the 15th) at 10:00 Ankara time.
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.
Monthly CPI print for August. Released around the 3rd of the month at 10:00 Ankara time.
Eighth scheduled 2026 MPC meeting (counting from January). Policy-rate decision and statement published at 14:00 Ankara time.
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.
Penultimate 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time.
Monthly CPI print for October. Released around the 3rd of the month at 10:00 Ankara time.
Final quarterly Inflation Report of 2026, presented at a Governor's briefing. Sets out the bank's updated inflation forecasts heading into 2027.
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.
Second of the CBRT's two semi-annual Financial Stability Reports for 2026, assessing risks in the banking system, credit, FX and external balances.
Monthly CPI print for November. Released around the 3rd of the month at 10:00 Ankara time.
Final 2026 MPC meeting. Policy-rate decision and statement published at 14:00 Ankara time; the last rate-setting decision of the year.
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.
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)
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.
First MPC decision of 2027, now listed in the CBRT's official meetings and reports calendar.
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)
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)
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)
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
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)
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
Official CBRT 2027 meetings and reports calendar.
The Assembly's standard timetable begins the summer recess on 1 July, subject to a TBMM decision to continue sitting. (provisional; the Assembly can alter the recess timetable)
Recent events
tr48Syrian President al-Sharaa praises Erdoğan, Saudi Arabia, and Trump for lifting US sanctions and terrorism designation
Background: US President Donald Trump previously praised Syrian President Ahmad al-Sharaa for restoring stability and suggested Syria could assist against Hezbollah, while noting the US lifted sanctions including the Caesar Act. Today, al-Sharaa publicly thanked Turkish President Erdoğan and Saudi Arabia for mediating with Trump to lift US sanctions on Syria. Washington issued General License 25 and exemptions under the Caesar Act, and Trump signed an executive order lifting sanctions. Al-Sharaa also praised Trump's decision to remove Syria from the US list of state sponsors of terrorism, calling the designation outdated and a barrier to recovery.
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Syrian President al-Sharaa praises Erdoğan, Saudi Arabia, and Trump for lifting US sanctions and terrorism designation
Background: US President Donald Trump previously praised Syrian President Ahmad al-Sharaa for restoring stability and suggested Syria could assist against Hezbollah, while noting the US lifted sanctions including the Caesar Act. Today, al-Sharaa publicly thanked Turkish President Erdoğan and Saudi Arabia for mediating with Trump to lift US sanctions on Syria. Washington issued General License 25 and exemptions under the Caesar Act, and Trump signed an executive order lifting sanctions. Al-Sharaa also praised Trump's decision to remove Syria from the US list of state sponsors of terrorism, calling the designation outdated and a barrier to recovery.
Background: US President Donald Trump previously praised Syrian President Ahmad al-Sharaa for restoring stability and suggested Syria could assist against Hezbollah, while noting the US lifted sanctions including the Caesar Act. Today, al-Sharaa publicly thanked Turkish President Erdoğan and Saudi Arabia for mediating with Trump to lift US sanctions on Syria. Washington issued General License 25 and exemptions under the Caesar Act, and Trump signed an executive order lifting sanctions. Al-Sharaa also praised Trump's decision to remove Syria from the US list of state sponsors of terrorism, calling the designation outdated and a barrier to recovery.
tr43Turkish Parliament to debate student amnesty and PKK disarmament initiative
The Turkish Parliament will convene to discuss legislation on a student amnesty allowing dismissed university students to re-enroll for the 2026-2027 academic year, except those from military and police academies, and a 'terror-free Türkiye' initiative aimed at disarming the PKK via a framework law. Cross-party talks led by Parliamentary Speaker Numan Kurtulmuş are ongoing, with a draft bill expected before the summer recess. Additional measures target ghostwriting in academia and raise the mandatory retirement age for academics from 67 to 72.
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Turkish Parliament to debate student amnesty and PKK disarmament initiative
The Turkish Parliament will convene to discuss legislation on a student amnesty allowing dismissed university students to re-enroll for the 2026-2027 academic year, except those from military and police academies, and a 'terror-free Türkiye' initiative aimed at disarming the PKK via a framework law. Cross-party talks led by Parliamentary Speaker Numan Kurtulmuş are ongoing, with a draft bill expected before the summer recess. Additional measures target ghostwriting in academia and raise the mandatory retirement age for academics from 67 to 72.
The Turkish Parliament will convene to discuss legislation on a student amnesty allowing dismissed university students to re-enroll for the 2026-2027 academic year, except those from military and police academies, and a 'terror-free Türkiye' initiative aimed at disarming the PKK via a framework law. Cross-party talks led by Parliamentary Speaker Numan Kurtulmuş are ongoing, with a draft bill expected before the summer recess. Additional measures target ghostwriting in academia and raise the mandatory retirement age for academics from 67 to 72.
tr35Turkey deploys F-16 squadron to Estonia for NATO Baltic air policing mission
Turkey is deploying five F-16 fighter jets and 76 personnel to Amari Air Base in Estonia from August to November 2026 for NATO's Baltic Air Policing mission. The squadron will conduct round-the-clock Quick Reaction Alert missions to monitor airspace violations, amid heightened tensions due to the Russia-Ukraine conflict. This deployment strengthens NATO's eastern flank deterrence.
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Turkey deploys F-16 squadron to Estonia for NATO Baltic air policing mission
Turkey is deploying five F-16 fighter jets and 76 personnel to Amari Air Base in Estonia from August to November 2026 for NATO's Baltic Air Policing mission. The squadron will conduct round-the-clock Quick Reaction Alert missions to monitor airspace violations, amid heightened tensions due to the Russia-Ukraine conflict. This deployment strengthens NATO's eastern flank deterrence.
Turkey is deploying five F-16 fighter jets and 76 personnel to Amari Air Base in Estonia from August to November 2026 for NATO's Baltic Air Policing mission. The squadron will conduct round-the-clock Quick Reaction Alert missions to monitor airspace violations, amid heightened tensions due to the Russia-Ukraine conflict. This deployment strengthens NATO's eastern flank deterrence.
tr33EU appoints new Cyprus envoy as UN chief prepares to visit island
The European Union has appointed Raffaele Fitto as its new special envoy for Cyprus, replacing Johannes Hahn, seeking a role in UN-led reunification efforts. Turkish Cypriots reject the EU as a mediator, citing bias after the bloc admitted the Greek Cypriot administration as a member in 2004. EU Commission President Ursula von der Leyen discussed the Cyprus momentum with UN Secretary-General Antonio Guterres, who is expected to visit the island this week. The EU's High Representative Kaja Kallas spoke with UN personal envoy Maria Angela Holguin Cuellar, who also met von der Leyen and Fitto in Brussels. The Turkish Cypriot Foreign Ministry reiterated that Fitto has no official status and that they will not participate in any negotiation process without recognition of their sovereign equality and equal international status.
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EU appoints new Cyprus envoy as UN chief prepares to visit island
The European Union has appointed Raffaele Fitto as its new special envoy for Cyprus, replacing Johannes Hahn, seeking a role in UN-led reunification efforts. Turkish Cypriots reject the EU as a mediator, citing bias after the bloc admitted the Greek Cypriot administration as a member in 2004. EU Commission President Ursula von der Leyen discussed the Cyprus momentum with UN Secretary-General Antonio Guterres, who is expected to visit the island this week. The EU's High Representative Kaja Kallas spoke with UN personal envoy Maria Angela Holguin Cuellar, who also met von der Leyen and Fitto in Brussels. The Turkish Cypriot Foreign Ministry reiterated that Fitto has no official status and that they will not participate in any negotiation process without recognition of their sovereign equality and equal international status.
The European Union has appointed Raffaele Fitto as its new special envoy for Cyprus, replacing Johannes Hahn, seeking a role in UN-led reunification efforts. Turkish Cypriots reject the EU as a mediator, citing bias after the bloc admitted the Greek Cypriot administration as a member in 2004. EU Commission President Ursula von der Leyen discussed the Cyprus momentum with UN Secretary-General Antonio Guterres, who is expected to visit the island this week. The EU's High Representative Kaja Kallas spoke with UN personal envoy Maria Angela Holguin Cuellar, who also met von der Leyen and Fitto in Brussels. The Turkish Cypriot Foreign Ministry reiterated that Fitto has no official status and that they will not participate in any negotiation process without recognition of their sovereign equality and equal international status.
tr20Türkiye expands clean tech startup support ahead of COP31
Türkiye's national scientific agency TÜBITAK has launched new funding calls and accelerator programs to support clean technology startups, including the second phase of the Global Cleantech Innovation Programme (GCIP) with UNIDO, ahead of COP31, which Türkiye will co-host with Australia in Antalya in November 2026. The initiatives focus on commercializing clean energy, green transformation, and inclusive green economy solutions, with dedicated support for female-led startups. Applications for the GCIP Türkiye Accelerator 2026 and Inclusive Green Transition Accelerator 2026 close on Aug. 3, 2026. Winning teams receive cash awards up to TL 700,000, and selected teams attend the GCIP Türkiye 2026 National Academy in September for training and mentoring.
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Türkiye expands clean tech startup support ahead of COP31
Türkiye's national scientific agency TÜBITAK has launched new funding calls and accelerator programs to support clean technology startups, including the second phase of the Global Cleantech Innovation Programme (GCIP) with UNIDO, ahead of COP31, which Türkiye will co-host with Australia in Antalya in November 2026. The initiatives focus on commercializing clean energy, green transformation, and inclusive green economy solutions, with dedicated support for female-led startups. Applications for the GCIP Türkiye Accelerator 2026 and Inclusive Green Transition Accelerator 2026 close on Aug. 3, 2026. Winning teams receive cash awards up to TL 700,000, and selected teams attend the GCIP Türkiye 2026 National Academy in September for training and mentoring.
Türkiye's national scientific agency TÜBITAK has launched new funding calls and accelerator programs to support clean technology startups, including the second phase of the Global Cleantech Innovation Programme (GCIP) with UNIDO, ahead of COP31, which Türkiye will co-host with Australia in Antalya in November 2026. The initiatives focus on commercializing clean energy, green transformation, and inclusive green economy solutions, with dedicated support for female-led startups. Applications for the GCIP Türkiye Accelerator 2026 and Inclusive Green Transition Accelerator 2026 close on Aug. 3, 2026. Winning teams receive cash awards up to TL 700,000, and selected teams attend the GCIP Türkiye 2026 National Academy in September for training and mentoring.
tr18Istanbul Airport named Europe's busiest with 1,623 daily flights
Istanbul Airport recorded an average of 1,623 daily flights between July 13-19, 2026, making it Europe's busiest airport according to Eurocontrol's weekly aviation report. The airport surpassed Amsterdam Schiphol, Paris Charles de Gaulle, London Heathrow, and Frankfurt. The report also noted a rise in European jet fuel prices due to renewed Middle East tensions after the collapse of the U.S.-Iran ceasefire and strong summer demand.
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Istanbul Airport named Europe's busiest with 1,623 daily flights
Istanbul Airport recorded an average of 1,623 daily flights between July 13-19, 2026, making it Europe's busiest airport according to Eurocontrol's weekly aviation report. The airport surpassed Amsterdam Schiphol, Paris Charles de Gaulle, London Heathrow, and Frankfurt. The report also noted a rise in European jet fuel prices due to renewed Middle East tensions after the collapse of the U.S.-Iran ceasefire and strong summer demand.
Istanbul Airport recorded an average of 1,623 daily flights between July 13-19, 2026, making it Europe's busiest airport according to Eurocontrol's weekly aviation report. The airport surpassed Amsterdam Schiphol, Paris Charles de Gaulle, London Heathrow, and Frankfurt. The report also noted a rise in European jet fuel prices due to renewed Middle East tensions after the collapse of the U.S.-Iran ceasefire and strong summer demand.
tr15Türkiye unveils 10-year Family and Population Decade Vision Document
Türkiye's Ministry of Family and Social Services has released a 10-year Family and Population Decade Vision Document to monitor demographic changes, encourage marriage, increase fertility rates, support youth and elderly welfare, and promote rural development. The document establishes five strategic priorities and a national data infrastructure for evidence-based policymaking, building on the 2025 Year of the Family initiatives. It includes plans for graduate programs, international research collaborations, and regular action plans monitored through a systematic framework to ensure long-term implementation.
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Türkiye unveils 10-year Family and Population Decade Vision Document
Türkiye's Ministry of Family and Social Services has released a 10-year Family and Population Decade Vision Document to monitor demographic changes, encourage marriage, increase fertility rates, support youth and elderly welfare, and promote rural development. The document establishes five strategic priorities and a national data infrastructure for evidence-based policymaking, building on the 2025 Year of the Family initiatives. It includes plans for graduate programs, international research collaborations, and regular action plans monitored through a systematic framework to ensure long-term implementation.
Türkiye's Ministry of Family and Social Services has released a 10-year Family and Population Decade Vision Document to monitor demographic changes, encourage marriage, increase fertility rates, support youth and elderly welfare, and promote rural development. The document establishes five strategic priorities and a national data infrastructure for evidence-based policymaking, building on the 2025 Year of the Family initiatives. It includes plans for graduate programs, international research collaborations, and regular action plans monitored through a systematic framework to ensure long-term implementation.
tr44Israel postpones Armenian genocide recognition vote amid Azerbaijani pressure
The Israeli Knesset postponed a vote to formally recognize the Armenian genocide, a move seen as a victory for Azerbaijani diplomacy. Azerbaijan, a key Israeli ally and oil supplier, lobbied against the motion to avoid straining its ties with Turkey. The Knesset dissolved for elections, effectively shelving the issue. The episode highlights complex regional dynamics involving Israel, Turkey, Azerbaijan, and Armenia. Subsequently, Azerbaijan hosted Palestinian Prime Minister Mohammad Mustafa, the first such visit since 2011, signaling potential shifts in its regional stance. Additionally, a military hotline between Israel and Turkey in Syria was established through Azeri mediation to prevent direct confrontation.
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Israel postpones Armenian genocide recognition vote amid Azerbaijani pressure
The Israeli Knesset postponed a vote to formally recognize the Armenian genocide, a move seen as a victory for Azerbaijani diplomacy. Azerbaijan, a key Israeli ally and oil supplier, lobbied against the motion to avoid straining its ties with Turkey. The Knesset dissolved for elections, effectively shelving the issue. The episode highlights complex regional dynamics involving Israel, Turkey, Azerbaijan, and Armenia. Subsequently, Azerbaijan hosted Palestinian Prime Minister Mohammad Mustafa, the first such visit since 2011, signaling potential shifts in its regional stance. Additionally, a military hotline between Israel and Turkey in Syria was established through Azeri mediation to prevent direct confrontation.
The Israeli Knesset postponed a vote to formally recognize the Armenian genocide, a move seen as a victory for Azerbaijani diplomacy. Azerbaijan, a key Israeli ally and oil supplier, lobbied against the motion to avoid straining its ties with Turkey. The Knesset dissolved for elections, effectively shelving the issue. The episode highlights complex regional dynamics involving Israel, Turkey, Azerbaijan, and Armenia. Subsequently, Azerbaijan hosted Palestinian Prime Minister Mohammad Mustafa, the first such visit since 2011, signaling potential shifts in its regional stance. Additionally, a military hotline between Israel and Turkey in Syria was established through Azeri mediation to prevent direct confrontation.