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Türkiye's September exports rise to $22.5B as trade gap widens
Türkiye's exports increased by 2.8% year-on-year in September, reaching $22.5 billion. However, a larger surge in imports, which grew 8.7% to $29.4 billion, resulted in a trade deficit of $6.9 billion. The data from the Turkish Statistical Institute highlights ongoing challenges in the trade balance.
31 October 2025
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Alport Conakry: Quran recitation to ease workplace atmosphere and strengthen fraternity
At Alport Conakry, the management committee and the Union Syndicale des Travailleurs de Guinée (USTG) organized a Quran recitation to strengthen fraternity, cohesion, and social peace at work.
30 October 2025
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ECB maintains interest rates at 2% amid ongoing economic uncertainty
The European Central Bank has kept its key interest rates unchanged for the third consecutive meeting, maintaining the benchmark deposit rate at 2%. While inflation remains near target, the bank cited global trade disputes and geopolitical tensions as sources of ongoing uncertainty for the eurozone economy.
30 October 2025
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Putin hails Istanbul as a key Eurasian hub at economic forum
Russian President Vladimir Putin has recognized Istanbul as a major commercial and cultural center for Eurasia. His message was delivered at the 18th Verona Eurasia Economic Forum, which opened in the Turkish metropolis, underscoring the city's growing role in global economic cooperation and the shift towards a multipolar world.
30 October 2025
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Federal Reserve cuts interest rates for second time in 2025
The US Federal Reserve has lowered its benchmark interest rate by 25 basis points to a target range of 3.75%-4%, citing increased downside risks to employment. The decision follows recent weak employment data and ongoing inflation concerns.
29 October 2025
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Türkiye hits record $390 billion in exports for 2025
Türkiye's exports have surged to an unprecedented $390 billion, marking a historic peak for the nation. This milestone, announced as the country celebrates its 102nd anniversary, is driven by a powerful shift towards high-value industrial and technological goods. The performance solidifies Türkiye's position as the OECD's second-fastest-growing economy, with its GDP expanding fivefold since 2002.
29 October 2025
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Istanbul hosts Islamic Economics and Finance Summit at Bogazici University
The 13th Islamic Economics and Finance Summit has commenced at Istanbul's Bogazici University, focusing on fair finance principles and Türkiye's potential as a global participatory finance hub. Organized by IKAM, the event brings together academics and financial professionals to address structural economic challenges.
28 October 2025
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Tesla's EU sales fall sharply as Chinese rival BYD makes major gains
Tesla's European Union sales dropped 18.6% in September amid fierce competition from Chinese manufacturers, new industry data reveals. While overall EU electric vehicle sales grew 20%, Chinese automaker BYD saw a staggering 272% sales increase in the region during the same period.
28 October 2025
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Türkiye's manufacturing capacity shows modest October increase
The capacity utilization rate in Türkiye's manufacturing sector saw a slight monthly increase in October, reaching 74%. According to the Turkish Central Bank, this figure, based on a survey of over 1,800 companies, indicates a marginal uptick in industrial activity as the sector demonstrating resilience.
27 October 2025
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US, China begin trade talks in Malaysia
Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent to 'consult on important issues in China-US economic and trade relations,' in 5th meeting
25 October 2025
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Türkiye's foreign reserves hit record $198.4 billion as gold holdings surge
The Central Bank of the Republic of Türkiye announced its international reserves reached an unprecedented $198.4 billion as of October 17, marking the fourth consecutive weekly record. Gold reserves saw particularly strong growth, jumping 8.6% to $111.2 billion.
23 October 2025
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Turkish Central Bank cuts policy rate to 39.5% amid inflation concerns
Türkiye's Central Bank reduced its benchmark interest rate by 100 basis points to 39.5%, citing concerns about slowing disinflation despite demand conditions remaining favorable. The bank maintained its commitment to tight monetary policy until price stability is achieved.
23 October 2025
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Istanbul hosts global forestry summit with 75 nations, 30 organizations
The Istanbul Forest Innovation Week has convened scientists and experts from 75 countries to shape future forestry policies. Turkish officials highlighted national conservation efforts while FAO representatives praised Türkiye's leadership in sustainable forestry.
23 October 2025
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Gold prices drop 7.5% as US-China trade tensions show signs of easing
Gold declined to $4,036 per ounce, falling from its record high of $4,381.6 reached earlier this week. The precious metal's retreat follows signals of potential trade agreement between Washington and Beijing.
22 October 2025
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US Stock Markets Mixed Amid Corporate Earnings and Trade Uncertainty
Wall Street closed with a mixed performance on Tuesday. The Dow Jones rose 0.47%, but the Nasdaq fell 0.16% as investors assessed a flurry of corporate earnings and ambiguous signals from the White House regarding upcoming trade talks with China. Key companies like General Motors and Coca-Cola saw significant gains after positive reports.
22 October 2025
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Solar power now cheapest source of electricity in Türkiye: report
A new report from UK think tank Ember reveals solar energy has become Türkiye's most affordable electricity source, with installation costs falling 77%. Despite this progress, analysts warn that government subsidies for coal power could cost the country billions and hinder its renewable energy potential.
21 October 2025
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Türkiye allocates record $207 million for 2026 space and aviation push
Türkiye has budgeted a historic $207.3 million for its space and aviation sectors in 2026. The funding will propel ambitious projects including next-generation satellites, a national positioning system, and a spaceport. This follows the success of its first homegrown communications satellite and domestic space travel missions, signaling a major commitment to becoming a leading force in the global space arena.
21 October 2025
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Apple hits record high on strong iPhone 17 sales in US and China
Apple Inc.'s stock reached a record closing high of $262.24 after new data revealed the iPhone 17 series is significantly outselling its predecessor in the US and Chinese markets. The device's strong value proposition, offering upgraded features at the same price, has driven a nearly 4% single-day surge in the company's share price.
20 October 2025
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Türkiye's external assets hit $386.9 billion in August, central bank reports
Türkiye's external assets reached $386.9 billion as of August, showing a 2.2% annual increase according to Central Bank data. The country's net international investment position stood at negative $341.7 billion, with foreign liabilities totaling $728.6 billion during the same reporting period.
20 October 2025
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