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Latest Turkey Economy News contentTypes.turkey-economy
14TH WCI Forum concludes today in Istanbul after strengthening Türkiye-Africa ties
On the closing day, participants reflected on key outcomes, including a surge in bilateral trade, new defense industry agreements, and a shared commitment to sustainable cooperation beyond traditional aid models.
12 February 2026
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Türkiye sets tourism record with $65.2B revenue in 2025
Türkiye achieved its highest-ever tourism figures in 2025, welcoming 64 million visitors and generating $65.2 billion in revenue despite regional instability. The country now ranks as the world's fourth-most visited destination, with sector leaders targeting further growth through year-round and event-driven tourism.
10 February 2026
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Finance minister: Türkiye's economy resilient amid global uncertainty
Turkish Finance Minister Mehmet Simsek says the nation's economy has shown resilience despite global headwinds, citing free trade agreements, strong service exports, and strategic investments in AI and energy. He highlighted Türkiye's pivotal role in new trade corridors and its robust services sector as key buffers.
09 February 2026
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Türkiye's central bank reserves reach all-time high of $218.2 billion
The Central Bank of the Republic of Türkiye has reported its total international reserves have climbed to a record $218.2 billion as of January 30. The increase was primarily driven by a significant rise in gold holdings, underscoring the continued strengthening of the nation's financial buffers.
05 February 2026
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Türkiye's annual inflation declines for fourth straight month
Official data shows Türkiye's annual inflation rate edged down to 30.65% in January, marking the fourth consecutive monthly drop and reaching its lowest level since November 2021. Finance Minister Mehmet Şimşek attributed part of the monthly rise to seasonal factors and reaffirmed the government's commitment to its disinflation program.
03 February 2026
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President Erdoğan appoints Ozkul and Kara as central bank deputies
President Recep Tayyip Erdoğan has appointed Fatma Ozkul and Gazi Ishak Kara as new deputy governors of the Central Bank of the Republic of Türkiye. The appointments were formally announced in the Official Gazette, marking a key administrative change at the nation's top monetary institution.
03 February 2026
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EBRD invested record $3.2 billion in Türkiye last year, its largest market
The European Bank for Reconstruction and Development made a record €2.7 billion investment in Türkiye in 2025, making it the bank's largest country of operation. The funding supported the private sector, earthquake recovery, and green transition initiatives.
30 January 2026
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Türkiye's central bank reserves reach historic high of $215.6 billion
The Central Bank of the Republic of Türkiye has announced that its total international reserves surged to a record $215.6 billion as of January 23. The figures show a significant weekly increase, driven largely by a rise in gold holdings.
29 January 2026
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Türkiye's unemployment rate hits record low of 7.7% in December
Türkiye's official unemployment rate has fallen to the lowest level recorded since 2005, reaching 7.7% in December. The number of jobless individuals decreased by 286,000, though overall employment also saw a slight decline during the same period.
29 January 2026
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Türkiye's exports to Syria surge 70% to $2.5bn after regime change
Turkish exports to Syria skyrocketed by nearly 70% in 2025, exceeding $2.5 billion, following political changes in Damascus. Business leaders cite a more predictable market and reopening border gates. This growth is expected to continue, supported by reconstruction needs and increasing stability.
27 January 2026
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Turkish Airlines, Air Montenegro sign codeshare agreement
Turkish Airlines and Air Montenegro have entered a codeshare partnership to expand connectivity, placing their flight codes on key routes between Istanbul and Montenegro as well as to Baku and Dubai. The deal aims to boost tourism and trade ties.
27 January 2026
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Fitch revises Türkiye's rating outlook to positive, affirms BB-
Fitch Ratings has revised the outlook on Türkiye's long-term foreign currency issuer rating to Positive from Stable, while affirming the BB- rating. The agency cited a significant strengthening of foreign exchange reserves and reduced external vulnerabilities as key drivers.
24 January 2026
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Türkiye ranks as world's second-largest olive oil producer
The International Olive Council reports Türkiye has surpassed Italy to become the world's second-largest olive oil producer after Spain, while also leading global table olive production. This marks a significant consolidation of Türkiye's key role in the international olive sector.
24 January 2026
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Turkish central bank aims to build reserves, maintain tight monetary policy
The Turkish Central Bank plans to increase its international reserves as market conditions permit, while maintaining a tight monetary stance to achieve interim inflation targets of 24% for 2025 and 16% for 2026, according to a new economic program.
21 January 2026
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Türkiye attracts $12.4 billion in foreign investment over 11 months
Foreign direct investment (FDI) flows into Türkiye totaled $12.4 billion in the first eleven months of 2025, marking a 28% annual increase. The latest data from November shows an inflow of $990 million, highlighting continued international investor interest in the Turkish economy.
13 January 2026
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Turkish defense leader Aselsan hits historic $30 billion market cap
Turkish defense electronics giant Aselsan has become the first company from Türkiye to achieve a market valuation of $30 billion. The milestone also places the Ankara-based firm among Europe's top ten most valuable defense industry companies, driven by surging exports and a massive order backlog.
13 January 2026
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Turkish Airlines cancels flights to three Iranian cities amid unrest
Turkish Airlines has canceled 17 scheduled flights to Tehran, Tabriz, and Mashhad for Friday and Saturday, citing regional developments. The decision comes during ongoing protests across Iran.
09 January 2026
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Türkiye and UK sign new pacts, targeting $40 billion in bilateral trade
Türkiye and the United Kingdom have signed a new Joint Economic and Trade Committee Action Plan and a mutual recognition agreement during high-level talks in London. The moves aim to significantly boost bilateral trade toward a target of $40 billion.
08 January 2026
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Turkish stock market's BIST 100 index breaks 12,000 barrier for first time
Türkiye's benchmark BIST 100 stock index surged past the 12,000-point threshold for the first time on Tuesday, closing at a record high. The index gained 2.75% in a broad-based rally, reflecting strong investor confidence amid positive economic signals.
07 January 2026
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