CENTRAL BANK RAISES YEAR-END INFLATION FORECAST TO 28 PERCENT
The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.
Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.
Foreign Minister Hakan Fidan traveled to Libya on Aug. 11 and 12, visiting both Tripoli and Benghazi, in what appears to be the first time a Turkish foreign minister has made a simultaneous visit to meet competing sides in the Libyan conflict.
President Recep Tayyip Erdoğan is expected to welcome new members into the AKP at the party's 25th anniversary event in Ankara on Aug. 14, with two sitting deputies from the İYİ Party set to join.
Debate is underway over how the political balance will shift after the “Framework Law,” which establishes the legal basis for the PKK’s disarmament process, passed the 600-seat parliament with a record 467 votes. The overwhelming support for the law is expected to whet the government’s long-standing appetite for a “new constitution.” But is that possible before the general election, now 20 months away if held on schedule?
Aksa Energy has signed a 20-year agreement with the Electricity Company of Ghana to build and operate a natural gas plant in Takoradi.
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.
Kemal Kılıçdaroğlu, who was installed as the CHP's party chair by the court's absolute nullity ruling on May 21, addressed the parliamentary group on Aug. 4, more than two months after he was placed in this duty.
A report by journalist Ebru Çelik of BirGün, who followed the story in person based on a tip and witnessed the events firsthand, proved that extras were gathered to act as supporters for a CHP party meeting for 950 lira (roughly $20) each. The story laid bare a case of manipulation between media and politics.
Turkish industrialists criticized a new United States’ decision to impose a 12.5% tariff on Turkish products under Section 301, warning that the move places key export sectors, especially textiles and apparel, at a severe disadvantage.
The government plans to privatize state-operated highways and bridges under a 25-year transfer of operating rights model, while officials weigh whether to sell the assets as a single bundle or divide them into separate packages.
UN Secretary-General António Guterres' July 27-29 visit to Cyprus produced no concrete resolution plan or new timetable. Ankara welcomed efforts with caution and Deputy Foreign Minister Mehmet Kemal Bozay headed to Northern Cyprus after the talks.
Australia has joined the Global Initiative on Information Integrity on Climate Change (GIIICC), a landmark effort to combat climate disinformation now backed by 27 countries and the European Union, while Turkey — which will host the COP31 climate summit in November — has yet to declare its position. Turkey in Depth has learned that Turkey is expected to appoint Professor Mehmet Emin Birpınar as spokesperson for COP31.