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Today 27 July Briefing Read full brief

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.

Key Indicators
Full catalog · 18

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31 key official events ahead
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 decision of 2027, now listed in the CBRT's official meetings and reports calendar.

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)

March 2027
Central Bank
CBRT Monetary Policy Committee interest-rate decision (March)

Official CBRT 2027 meetings and reports calendar.

Central Bank
CBRT publishes summary of the March MPC meeting

Official CBRT 2027 meetings and reports calendar.

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)

Central Bank
CBRT Monetary Policy Committee interest-rate decision (April)

Official CBRT 2027 meetings and reports calendar.

Central Bank
CBRT publishes summary of the April MPC meeting

Official CBRT 2027 meetings and reports calendar.

May 2027
Central Bank
CBRT Inflation Report 2027-II

Official CBRT 2027 meetings and reports calendar.

Central Bank
CBRT Financial Stability Report (May 2027)

Official CBRT 2027 meetings and reports calendar.

June 2027
Central Bank
CBRT Monetary Policy Committee interest-rate decision (June)

Official CBRT 2027 meetings and reports calendar.

Central Bank
CBRT publishes summary of the June MPC meeting

Official CBRT 2027 meetings and reports calendar.

July 2027
Parliament
TBMM summer recess begins under the standard timetable

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)

Turkey

Recent events

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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.

Show summary

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.

tr43

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.

Show summary

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.

tr35

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.

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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.

tr33

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.

Show summary

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.

tr20

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.

Show summary

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.

tr18

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.

Show summary

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.

tr15

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.

Show summary

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.

tr44

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.

Show summary

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.

Frequently Asked

5
Why did Özgür Özel leave the CHP?
Özel left after a court ruling annulled the 2023 congress that elected him, returning Kemal Kılıçdaroğlu to the CHP leadership. He resigned with 90 other lawmakers to preserve his caucus.
How many seats does the New Party have in parliament?
The New Party begins with 91 seats in the 600-member parliament, making it the main opposition behind President Erdoğan's 277-seat AKP.
What is the status of the Kurdish peace process in Turkey?
Parliament is preparing framework legislation for a 'terror-free Türkiye.' Abdullah Öcalan seeks a legal structure moving away from violence, but the PKK insists on his physical freedom.
How is Turkey diversifying its energy imports?
Turkey signed a 15-year deal for 33 billion cubic metres from Azerbaijan's Absheron field and increased US LNG imports to 9.19 bcm in 2025, reducing Russia's share of gas imports to 37%.
What security incidents occurred off Turkey's coast?
A suspected Ukrainian drone struck the Turkish-flagged bulk carrier Reyhan Sarı off Samsun, killing one sailor. Authorities also destroyed an explosive-laden drone that washed ashore in Istanbul.