Today in the Turkic World

Today in the Turkic World: October 22, 2026

Turkey's central bank cut its one-week repo rate by one percentage point, from 37 to 36 percent. In Azerbaijan, the government approved a long-term low-carbon strategy targeting net-zero emissions by 2060, while Armenian Prime Minister Nikol Pashinyan said a peace treaty with Azerbaijan should be signed in 2027-2028.

In Northern Cyprus, President Tufan Erhürman criticised the stance of Greek Cypriot leader Nikos Christodoulides on the seven confidence-building measures. An arbitration court ruled invalid Kazakhstan's claims of about $12 billion over the Kashagan oil field, and Canada's Prime Minister Mark Carney began an official visit to Turkey, where ties were upgraded to a strategic partnership.

The day's top stories

  1. Northern Cyprus Economy · Kıbrıs Gazetesi Turkey's central bank cuts policy rate for first time since January Turkey’s Central Bank (TCMB) Monetary Policy Committee cut its one-week repo auction rate, the main policy rate, by 1 percentage point, from 37 to 36 percent. The meeting was chaired by Yaşar Fatih Karahan. The committee also lowered the overnight lending rate from 40 to 39 percent and the overnight borrowing rate from 35.5 to 34.5 percent. It is the first rate cut since January.
  2. Azerbaijan Diplomacy · Day.az Pashinyan gives timeline for signing peace treaty with Azerbaijan Armenian Prime Minister Nikol Pashinyan told journalists that a peace treaty with Azerbaijan should be signed in 2027-2028. Day.az, citing Armenian media, reports that Pashinyan had previously said the agreement could be signed by 2031.
  3. Northern Cyprus Politics · Kıbrıs Gazetesi Erhürman says he will join talks immediately if Christodoulides accepts rotating presidency President Tufan Erhürman criticised the stance of Greek Cypriot leader Nikos Christodoulides as the Cyprus issue reached its latest stage. Erhürman said the expected progress on the seven confidence-building measures proposed by UN Secretary-General António Guterres had not been achieved, and stated that he opposes showcase talks.
  4. Azerbaijan Environment & Climate · Trend Azerbaijan approves net-zero emissions strategy by 2060 Azerbaijani Prime Minister Ali Asadov approved the “Long-term low-carbon development strategy of Azerbaijan” on October 22, 2026. The strategy envisages net-zero emissions by 2060. The Ministry of Ecology and Natural Resources announced the decision.
  5. Kazakhstan Energy · Kursiv Arbitration court rejects Kazakhstan's $12 billion claim over Kashagan oil field An international arbitration court has ruled invalid Kazakhstan's claims worth about $12 billion against major oil companies that are shareholders in the North Caspian Operating Company (NCOC), which develops the Kashagan field on the Caspian Sea shelf. The claims concerned disputed development costs, according to Bloomberg, citing sources familiar with the situation.
  6. Azerbaijan Diplomacy · Haqqin.az Mark Carney in Ankara: Turkey and Canada Upgrade Ties to Strategic Partnership Canadian Prime Minister Mark Carney is on an official visit to Turkey. According to Anadolu, a ceremony welcoming Carney was held at the Presidential Complex in Ankara, where he was greeted by Turkish President Recep Tayyip Erdoğan. A 21-gun salute was fired in honour of the Canadian prime minister.
  7. Azerbaijan Diplomacy · Azernews Pashinyan says Armenia working with Azerbaijan and Türkiye to reopen border Armenia continues to hold discussions with Azerbaijan and Türkiye on reopening the Armenia–Türkiye border, Prime Minister Nikol Pashinyan said on October 22. Speaking at his regular briefing after a government session, he acknowledged that Azerbaijan has certain reservations on the issue, but stressed that Yerevan remains engaged in efforts to find mutually acceptable solutions.
  8. Bulgaria Diplomacy · Bulgaristan Radyosu Bulgaria and Türkiye reaffirm commitment to Black Sea security Bulgaria and Türkiye have agreed to strengthen bilateral and trilateral initiatives with Romania aimed at ensuring free navigation in the Black Sea, following a telephone call between Bulgarian Prime Minister Rumen Radev and Turkish President Recep Tayyip Erdoğan. Erdoğan expressed concern over drone attacks on commercial ships in Bulgaria's exclusive economic zone in the Black Sea.
  9. Kazakhstan Energy · Kursiv Nuclear plant and Semipalatinsk test site: Tokayev issues new instructions to Satkaliyev Kazakhstan's President Kassym-Jomart Tokayev met with Almasadam Satkaliyev, head of the Atomic Energy Agency. The talks covered construction of a nuclear power plant, specialist training and nuclear safety. The president heard the agency's report for 2026 and instructed that development of the atomic industry be kept under special control.
  10. Azerbaijan Diplomacy · APA Pashinyan: Postponing peace deal to 2029 is not in our plans Armenian Prime Minister Nikol Pashinyan said that signing a peace agreement with Azerbaijan as soon as possible is one of Armenia's main tasks.

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The summaries on this page were prepared and translated automatically from the original stories. All rights to the stories belong to their sources.

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