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Today in the Turkic World

Today in the Turkic World: November 5, 2026

Azerbaijan's Milli Majlis ratified the Treaty on Eternal Friendship with Uzbekistan on 3 November, while Uzbek President Shavkat Mirziyoyev held a meeting on reforming external labour migration. Uzbekistan also adopted a new Latin alphabet, which takes effect on 22 April 2027.

Azerbaijan's 2027 budget allocates 470 million manat for low-income family aid and assumes an oil price of $65 per barrel, while the government plans an hourly wage system through amendments to the Labour Code. In Northern Cyprus, the cost of living rose 1.07% in October, according to the Statistics Institute.

The day's top stories

  1. Uzbekistan Diplomacy · UzA Azerbaijan Ratifies Treaty of Eternal Friendship with Uzbekistan Azerbaijan's Milli Majlis ratified the Treaty on Eternal Friendship between the Republic of Azerbaijan and the Republic of Uzbekistan on 3 November 2026. The UzA article describes the step as historically significant for relations between the two countries. According to the article, the document reflects friendship and brotherhood that took shape between the peoples over centuries and is being consistently strengthened at the interstate level.
  2. Azerbaijan Society · AZERTAC Azerbaijan allocates 470 million manat for low-income family aid in 2027 budget Baku, 5 November. Azerbaijan's Minister of Labour and Social Protection of Population, Anar Aliyev, spoke during a joint session of the National Assembly's Labour and Social Policy Committee and Economic Policy, Industry and Entrepreneurship Committee, while the draft law on the 2027 budget of the State Social Protection Fund was discussed, AZERTAC reported.
  3. Uzbekistan Society · UzA Uzbekistan overhauls external labour migration system under Mirziyoyev Uzbek President Shavkat Mirziyoyev held a meeting on 2 November 2026 on fundamentally reforming external labour migration. The main goal is to shift from sending unskilled workers abroad to targeted professional and language training that meets the specific requests of foreign employers.
  4. Azerbaijan Economy · Report.az Azerbaijan's 2027 Budget Assumes $65 Oil Price to Guard Against External Shocks Azerbaijan's 2027 budget forecasts take into account external economic risks linked to changes in oil prices. In calculating the budget, the price of one barrel of oil was set at $65.
  5. Uzbekistan Society · Gazeta.uz Uzbekistan adopts new Latin alphabet, to take effect on 22 April 2027 Uzbekistan has settled a long-debated plan to change its alphabet, with the president signing a law on 21 October approving a revised Latin-based Uzbek alphabet. The letters Sh, Ch, O‘ and G‘ are replaced by Ş, Ç, Ö and Ğ, while Ng is removed from the alphabet as a separate letter. The new version consists of 28 letters and one apostrophe-type sign.
  6. Azerbaijan Economy · AZERTAC Azerbaijan Sets 3,600 Manat Monthly Salary for Heads of State-Funded Public Legal Entities Azerbaijan's Cabinet of Ministers has set the monthly salaries for heads and deputy heads of public legal entities that are established on behalf of the state and receive funds from the state budget. Under the decision, the monthly position salary for the head of these entities, which are created under state bodies and public legal entities not subordinate to any authority, is 3,600 manat. The deputy head's monthly position salary is set at 3,115 manat.
  7. Uzbekistan Economy · Daryo Uzbekistan key rate could fall to single digits in three years, says central bank deputy Uzbekistan's key rate could be lowered to single digits within the next three years, Deputy Chairman of the Central Bank Nodirbek Ochilov said at a press conference on 3 November. He said the 2027–2029 monetary policy guidelines have been approved. Under the document, the possibility of lowering the key rate below 10% would arise if inflation falls to the 5% target. The key rate is currently 14%.
  8. Azerbaijan Economy · AZERTAC Azerbaijan sets 9.2 billion manat for State Social Protection Fund spending in 2027 In Azerbaijan, expenditures not based on insurance principles are financed from the State Social Protection Fund's resources. According to AZERTAC, Chairman of the Calculation Chamber Vugar Gulmammadov said this on 5 November during a joint meeting of the Milli Majlis Committee on Labour and Social Policy and the Committee on Economic Policy, Industry and Entrepreneurship, while the draft law on the Fund's 2027 budget was being discussed.
  9. Northern Cyprus Economy · Havadis Northern Cyprus cost of living rises 1.07% in October, Statistics Institute says The Statistics Institute of Northern Cyprus (TRNC) has announced that the cost of living rose 1.07% in October compared with the previous month. According to data published by the institute, the cost of living changed by 29.52% compared with December of the previous year and by 34.99% compared with October of last year.
  10. Azerbaijan Economy · Day.az Azerbaijan to introduce hourly wage system Azerbaijan plans to introduce an hourly wage system. Day.az, citing APA, reported that this is reflected in proposed amendments to the Labour Code.

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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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