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Business

Last update : 06 October 2026, Tuesday / 12:49

Türkiye’s defense industry emerges as Europe’s strategic partner

BBVA Research said Türkiye's defense sector offers complementary manufacturing capabilities to address European military supply shortages, projecting exports will reach $10 billion by 2025 while creating opportunities in unmanned aerial vehicles and ammunition production.

06 October 2026

Politics

Erdogan meets SpaceX executives at International Astronautical Congress

Türkiye's President Recep Tayyip Erdogan met with senior executives from US aerospace company SpaceX on Monday during the 77th International Astronautical Congress in Antalya, with Transport Minister Abdulkadir Uraloglu and Industry Minister Mehmet Fatih Kacir also present at the talks.

05 October 2026

Science

TUA chief says space sector to drive youth entrepreneurship

Turkish Space Agency President Yusuf Kirac stated that Ankara must direct its youth entrepreneurship potential into the aerospace industry to capture a greater portion of the global space economy, noting that the sector's annual growth rate of up to 9 percent is vastly outpacing the broader worldwide economic expansion.

05 October 2026

Türkiye

Aselsan signs $2.75B deals for hybrid air defense systems

Defense giant Aselsan signed comprehensive agreements worth €2.46 billion ($2.75 billion) with Türkiye's Secretariat of Defense Industries for the procurement of hybrid air defense systems, the company announced on Monday, confirming the deals would boost revenues while advancing Türkiye's Steel Dome architecture and strengthening domestic defense capabilities.

05 October 2026

Business

Türkiye's TEI set to deliver homegrown engines for Gokbey, Kizilelma

TEI General Manager Mahmut Faruk Aksit said the firm has reached flight maturity on the TEI-TS1400 engine for the Gokbey helicopter and completed operational tests on the TEI-TF6000 jet engine for Baykar's Kizilelma, with deliveries expected by year-end.

01 October 2026

Business

Türkiye's homegrown submarine to reach new depths with domestic steel

OYAK General Manager Murat Yalcintas said the domestically produced HY-100 military-grade steel will enable Türkiye's indigenous MILDEN submarine to achieve deep-submergence capabilities previously blocked by export restrictions, noting that such high-caliber material is unavailable on global markets.

01 October 2026

Business

Türkiye Innovation Week gathers global leaders for Istanbul AI summit

The Turkish Exporters Assembly announced that Türkiye Innovation Week will convene global technology leaders in Istanbul on Oct. 15-17 to examine sweeping artificial intelligence transformations across business models, workforce dynamics and corporate governance frameworks shaping the future of international commerce.

01 October 2026

Business

German state vows to deepen economic ties with Türkiye

Hendrik Wust tells an Istanbul business forum that North Rhine-Westphalia will introduce a fast-track visa process for Turkish entrepreneurs and backs modernization of the 30-year-old EU Customs Union to better reflect current global supply chain realities.

30 September 2026

Business

German CEO: No region closer to Türkiye than North Rhine-Westphalia

Felix Neugart, chief executive of the German trade and investment agency NRW.Global Business, said Wednesday that North Rhine-Westphalia enjoys uniquely close economic connections to Türkiye, with bilateral ties reflected in investment, manufacturing and innovation during a high-level business forum in Istanbul.

30 September 2026

Turkey Economy

Türkiye establishes fund liquidation board chaired by vice president

The Communications Directorate said on Tuesday that Türkiye has established a board chaired by the vice president to coordinate the liquidation of investment funds and protect investors' rights, following a high-level meeting chaired by President Recep Tayyip Erdogan to assess recent developments in the capital markets.

30 September 2026

Business

Malaysia urges global cooperation to expand halal economy

Deputy Prime Minister Ahmad Zahid Hamidi said Malaysia seeks to turn growing global demand for halal products into concrete trade and investment opportunities, urging international partners to remove barriers and expand market access for certified businesses seeking to compete abroad.

25 September 2026

Business

US investments in Türkiye shift to AI, high-tech sectors

AmCham Türkiye Chair Emre Karter said US investment trends are shifting away from capital-intensive models toward high-value sectors like artificial intelligence and cloud computing, noting that American firms increasingly view Türkiye as a regional hub for technology transfer while bilateral trade targets $100 billion.

24 September 2026

America

Erdogan sees $100B trade target with US within reach

President Recep Tayyip Erdogan expressed optimism that Türkiye and the United States will achieve their $100 billion bilateral trade target as the two nations approach the centennial of diplomatic relations, speaking during a meeting with business leaders in New York.

24 September 2026

Business

Expanded Türkiye-UK trade deal to boost digital services

Negotiators from Türkiye and the United Kingdom have completed five rounds of talks on an expanded free trade agreement covering digital services and investment, with the sixth session scheduled for autumn as bilateral trade surged to £28.4 billion by the end of 2025.

23 September 2026

America

Türkiye-US trade hits $38B as ministers target $100B goal

Turkish Trade Minister Omer Bolat said in New York that bilateral trade volume with the United States has reached $38 billion, telling business leaders that both administrations aim to expand cooperation through mutual investments to hit a $100 billion target.

23 September 2026

Business

Türkiye's machinery exports hit $18.8B in eight months

The Machinery Exporters Association reported that Türkiye's machinery sector generated $18.8 billion in foreign revenue during the first eight months of 2026, posting a modest year-on-year increase driven by higher unit prices despite declining shipment volumes.

22 September 2026

Business

MUSIAD Expo aims for $5 billion trade volume in Istanbul

The Independent Industrialists and Businessmen's Association said its international fair opening Wednesday in Istanbul will host over 300 companies and 50,000 visitors from 114 countries, aiming to generate $5 billion in trade volume through bilateral business meetings.

22 September 2026

Business

Türkiye and Italy discuss strengthening economic partnership in Rome

Turkish Trade Minister Omer Bolat met with Italian Deputy Prime Minister Antonio Tajani and business leaders in Rome on Friday to discuss integrated supply chains and joint manufacturing opportunities across strategic sectors including automotive, defense, and energy.

18 September 2026

Turkey Economy

Türkiye detains 175 in Israel-linked fraud network raids

Justice Minister Akin Gurlek said Türkiye launched simultaneous operations against an Israel-linked international fraud network, detaining 175 suspects in raids at 286 addresses across Istanbul and Mugla targeting call centers accused of defrauding foreign nationals through fake cryptocurrency and forex schemes.

18 September 2026

Turkey Economy

Türkiye sees 6.4% rise in newly established companies Jan-Aug

The Union of Chambers and Commodity Exchanges of Türkiye reported that newly established companies rose 6.4% year-on-year to reach 75,814 during the first eight months of 2026, indicating sustained entrepreneurial activity despite a concurrent increase in firms entering liquidation.

18 September 2026

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