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
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The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.
Montenegro announced that citizens of Turkey, China, Russia, Saudi Arabia and Belarus will be subject to a new visa requirement as part of the country's accession with the European Union (EU).
Interior Minister Mustafa Çiftçi signaled a new way to accelerate the voluntary return of Syrians from Turkey, saying the government is considering lifting their temporary protection status and easing visa rules instead.
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.
Turkey wants the modernization of its Customs Union with the European Union — off the agenda for years — to be part of the equation as diplomatic traffic on the Cyprus issue accelerates, more than three European diplomats confirmed to Turkey in Depth.
António Guterres will arrive in Cyprus at the end of July, carrying another possibility of peace to an island familiar with such visits. Cyprus diplomacy sometimes resembles Buñuel’s The Discreet Charm of the Bourgeoisie. The guests assemble, the table is laid, and dinner is indefinitely postponed.
The 'two-camp' character of Turkey's media — a divide that long predated the AKP but sharpened under its rule — is shifting after the 'absolute nullity' ruling that is changing the dynamics of Turkish politics.
The word of the week is tayt, one of those treacherous little linguistic friendships the French call faux amis. It sounds almost like the English tights, though Turkish politely drops the final hiss.
Özgür Özel, ousted as CHP chair by a court ruling, is preparing to set up a new party even as legal threats mount against him and his allies. The party is likely to be called Yeni Party (New Party), Özel said. 'We are working on the name and the logo. The name has started to become clear. There is a generally accepted name, while the logo is still being worked on. For now, let's call it 'Yeni Party.' Until there is a new name, let's say Yeni Party,' Özel told SZC TV. 'The statute and the program are being written. The official step will be taken at the end of July or the beginning of August,' Özel told the channel at parliament ahead of a special session marking the 10th anniversary of the failed coup attempt.
CHP tears itself in two, Özel ponders a new party; Stay till the end, he says, and take it back, hearty; But should the courts not bend, he's got a backup plan: 110 MPs, and himself as the new man.
Ten years after the failed coup, the crackdown on Gülenist-owned businesses has become a revenue stream: the state has collected $1.5 billion from selling off seized firms — and the state fund managing them has grown into one of the country's largest conglomerates, its reach now extending far beyond the Gülenists.