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

Türkiye targets space sovereignty with 100-satellite constellation
Haluk Bayraktar, chair of SAHA Istanbul, said Türkiye is developing an independent satellite constellation of more than 100 craft to secure orbital sovereignty, marking the country's transformation from technology importer to global aerospace exporter with annual defense sales reaching $11 billion.
05 October 2026

Istanbul Airport stays Europe’s busiest with 1,587 daily flights
Istanbul Airport maintained its position as Europe’s busiest aviation hub with 1,587 daily flights during the week of Sept. 21-27, according to EUROCONTROL data, as Transport Minister Abdulkadir Uraloglu highlighted the facility’s continued dominance in European air traffic.
05 October 2026

Türkiye annual inflation slows to 29.73% in September, below forecasts
The Turkish Statistical Institute reported on Monday that annual consumer inflation eased to 29.73% in September, undershooting market projections of 30.3%, as monthly price increases moderated despite persistent pressure in housing and transportation costs, official data showed.
05 October 2026

Long-term energy contracts face mounting risks at Istanbul Arbitration Days
Experts at the Istanbul Arbitration Days warned on Friday that geopolitical volatility and regulatory shifts are straining long-term energy agreements, urging practitioners to revise contractual safeguards and price-review mechanisms as disputes over supply terms and sanctions exposure multiply across the sector.
03 October 2026

Türkiye trade minister eyes $50B US, $30B Saudi trade at G20
Trade Minister Ömer Bolat held separate talks with American, Saudi, Canadian and European Union officials in Milwaukee to expand economic cooperation, setting ambitious bilateral trade targets and reviewing free trade negotiations on the sidelines of the G20 Trade Ministers' Meeting.
01 October 2026

Türkiye acts to speed payments for troubled fund investors: Minister
Treasury and Finance Minister Mehmet Şimşek said on Thursday that Türkiye is implementing measures to ensure investors in troubled funds receive payments as quickly as possible and at the highest possible level, adding that the Justice Ministry is pursuing legal action to protect their rights and hold responsible parties accountable.
01 October 2026

Türkiye’s SPK approves interim payouts for investors in liquidation funds
The Capital Markets Board has approved interim payments of up to 1 million Turkish liras for eligible investors in funds undergoing liquidation, as regulators move to manage the wind-down of portfolios established by Tera, Pusula, Atlas and Hedef portfolio management companies.
01 October 2026

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

Türkiye joins global steel overcapacity action framework
Trade Minister Omer Bolat said Türkiye and fellow members of the Global Forum on Steel Excess Capacity adopted the Comprehensive Framework for Joint Action during the G20 trade ministers' meeting in Milwaukee, vowing to continue efforts against structural overcapacity.
30 September 2026

Türkiye transfers 3 banks, 2 factoring firms to deposit fund
The Banking Regulation and Supervision Agency said Wednesday it transferred management of three investment banks and two factoring companies to the Savings Deposit Insurance Fund, citing the ongoing fund investigation and noting that TMSF will exercise voting rights during a six-month transition.
30 September 2026

Türkiye's unemployment rate drops to 7.8% in August
The Turkish Statistical Institute announced that Türkiye's unemployment rate dropped to 7.8% in August from 8.1% the previous month, with the number of unemployed people falling by 106,000 to 2.74 million while employment rose by 136,000.
30 September 2026

German premier urges EU-Türkiye Customs Union reform
Hendrik Wust, the premier of Germany's North Rhine-Westphalia state, said the EU-Türkiye Customs Union requires urgent modernization to support deepening economic ties, adding that visa procedures for Turkish citizens must also be streamlined to reflect the region's close social connections.
30 September 2026

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

Bolat heads to US as Türkiye pushes trade priorities at G20
Turkish Trade Minister Omer Bolat will travel to Milwaukee for G20 trade talks and a global forum on steel overcapacity, with food security, forced labor and industrial production among the key issues. Bolat is also expected to hold bilateral discussions with officials from the US, EU, Canada, UK, Poland, South Korea and Saudi Arabia on Türkiye’s trade and economic agenda.
29 September 2026

Türkiye urged to seize new trade routes as China shifts exports
China’s retreat from the US market is opening fresh trade corridors from Africa and the Middle East to Europe. DEIK Chairman Nail Olpak says Türkiye’s production base, strategic location and logistics network can help Turkish companies benefit from the reshaping of global commerce, while warning that competition from Chinese exporters is intensifying in key markets.
29 September 2026

Türkiye economic confidence index rises to 101.3 in September
Türkiye's economic confidence index climbed 0.7% to 101.3 in September, signaling an optimistic outlook. Consumer, retail and manufacturing gauges improved, while construction was the only sub-index to decline, dipping 0.2% to 83 during the same period.
29 September 2026

Türkiye maintains legal action over market-disrupting transactions
Türkiye is continuing legal proceedings over transactions that authorities say have disrupted market operations, Treasury and Finance Minister Mehmet Simsek said Monday. Simsek stressed that the government’s approach will focus on protecting legitimate investors while shielding investment, employment, production and export capacity from potential disruption.
28 September 2026

World Bank approves $750M for Türkiye agrifood sector
The World Bank has approved a $750 million financing package for Türkiye's agrifood sector to enhance value chain competitiveness and boost agricultural productivity, bringing the Bank's total financing to over $9 billion this year, according to the Treasury and Finance Ministry.
25 September 2026
