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Turkish Aerospace Industries CEO Mehmet Demiroglu said Spain plans to purchase 15 additional Hurjet trainer aircraft after signing a deal for 30 of the Turkish-made supersonic jets, with deliveries to the European nation scheduled to begin in 2028.ASELSAN announced that its GOKALP Counter-UAV System successfully destroyed a target drone using a hit-to-kill interceptor during a live demonstration at the company's Ogulbey Technology Base, marking the entry of a fully mobile and cost-effective solution into Türkiye's autonomous air defense portfolio.President Recep Tayyip Erdogan on Friday criticized the existing global order and the United Nations, warning that binding international accords and judicial rulings are increasingly ignored while the UN system lacks legitimacy for failing to reflect the will of the global community.Foreign Minister Hakan Fidan said Thursday that Ankara has finalized preparations to submit the Mecca defense agreement to parliament for approval, stressing that the pact provides for mutual defense and does not authorize attacks or troop deployments to other countries.The Royal Swedish Academy of Sciences on Wednesday awarded the 2026 Nobel Prize in Chemistry to Henri Kagan and Kenso Soai for discoveries explaining how molecular asymmetry essential to life emerges through autocatalysis, resolving a century-old mystery about homochirality with significant implications for drug development.

Turkish Aerospace Industries CEO Mehmet Demiroglu said Spain plans to purchase 15 additional Hurjet trainer aircraft after signing a deal for 30 of the Turkish-made supersonic jets, with deliveries to the European nation scheduled to begin in 2028.ASELSAN announced that its GOKALP Counter-UAV System successfully destroyed a target drone using a hit-to-kill interceptor during a live demonstration at the company's Ogulbey Technology Base, marking the entry of a fully mobile and cost-effective solution into Türkiye's autonomous air defense portfolio.President Recep Tayyip Erdogan on Friday criticized the existing global order and the United Nations, warning that binding international accords and judicial rulings are increasingly ignored while the UN system lacks legitimacy for failing to reflect the will of the global community.Foreign Minister Hakan Fidan said Thursday that Ankara has finalized preparations to submit the Mecca defense agreement to parliament for approval, stressing that the pact provides for mutual defense and does not authorize attacks or troop deployments to other countries.The Royal Swedish Academy of Sciences on Wednesday awarded the 2026 Nobel Prize in Chemistry to Henri Kagan and Kenso Soai for discoveries explaining how molecular asymmetry essential to life emerges through autocatalysis, resolving a century-old mystery about homochirality with significant implications for drug development.

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Turkey Economy

Last update : 08 November 2026, Sunday / 15:45

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D-8 joins OIC economic ministerial session and business summit

D-8 joins OIC economic ministerial session and business summit

D-8 Secretary-General Ambassador Sohail Mahmood attended the OIC’s 42nd COMCEC ministerial session and a business leaders’ summit in Istanbul, using the sidelines to press for faster rollout of the D-8 trade agreement and the bloc’s US$500 billion intra-trade target. He held talks with officials from Bangladesh, Iran and Indonesia, and met Vice President Cevdet Yılmaz.

08 November 2026

Türkiye and Cameroon explore economic opportunities at Istanbul roundtable

Türkiye and Cameroon explore economic opportunities at Istanbul roundtable

Turkish Trade Minister Omer Bolat announced on Tuesday that Türkiye and Cameroon are exploring new cooperation opportunities across infrastructure, agriculture and energy, stating that the African nation's strategic location and rich natural resources offer significant potential for Turkish businesses seeking to expand their commercial presence.

03 November 2026

Türkiye logs record $25.9B October goods exports

Türkiye logs record $25.9B October goods exports

Turkish Trade Minister Omer Bolat announced record October shipments of $25.9 billion, pushing annualized goods exports to $285.6 billion and combined trade to $413 billion.

03 November 2026

Türkiye's trade minister discusses ties with Africa, Asia, Middle East

Türkiye's trade minister discusses ties with Africa, Asia, Middle East

Trade Minister Ömer Bolat met with officials from at least 11 countries in Istanbul to discuss expanding bilateral trade and investment opportunities, as Türkiye pursues ambitious targets with Gulf and North African partners while seeking new markets for Turkish contractors across the continent.

03 November 2026

Türkiye, Canada sign export credit deal to back joint projects

Türkiye, Canada sign export credit deal to back joint projects

Turkish Trade Minister Ömer Bolat said Friday that Türkiye and Canada signed a memorandum of understanding between Turk Eximbank and Export Development Canada to support joint ventures in third-country markets, noting that the two ministers also welcomed plans to launch free trade negotiations in late 2026.

24 October 2026

S&P holds Türkiye rating, eyes disinflation for upgrade

S&P holds Türkiye rating, eyes disinflation for upgrade

S&P Global's lead Türkiye analyst Karen Vartapetov told Anadolu that faster-than-expected disinflation and continued reserve accumulation could prompt the agency to upgrade the country's credit rating from its current "BB-/B" level, though the outlook remains stable for now.

22 October 2026

Türkiye aims to strengthen capital market crime laws by 2027

Türkiye aims to strengthen capital market crime laws by 2027

Treasury Minister Mehmet Simsek said Türkiye plans to complete legal changes targeting capital market crimes by early 2027, introducing new transparency measures for funds and investors.

16 October 2026

Türkiye-EU trade hits $233B as customs talks advance case-by-case

Türkiye-EU trade hits $233B as customs talks advance case-by-case

Turkish Trade Minister Ömer Bolat said technical negotiations with Brussels are progressing on a case-by-case basis to modernize the Customs Union, citing record bilateral trade of $233 billion despite pending EU Council mandates.

14 October 2026

Türkiye, EU must deepen economic ties amid trade turbulence: Bolat

Türkiye, EU must deepen economic ties amid trade turbulence: Bolat

Turkish Trade Minister Ömer Bolat said Türkiye and the European Union must act with a shared understanding of competitiveness and economic security to navigate global trade turbulence, noting that bilateral trade exceeds $233 billion and European capital accounts for nearly 70% of foreign direct investment inflows.

13 October 2026

Türkiye's current account surplus hits $4B in August

Türkiye's current account surplus hits $4B in August

Türkiye recorded a current account surplus of $4 billion in August while the 12-month rolling deficit stood at $42.1 billion, with the underlying balance excluding gold and energy showing an $8.2 billion surplus during the same period, according to central bank data.

13 October 2026

Turkish contractors undertake $570B in overseas projects: Minister

Turkish contractors undertake $570B in overseas projects: Minister

Trade Minister Ömer Bolat said Friday that Turkish contractors have undertaken 12,900 projects worth $570 billion across 139 countries over five decades, inviting European companies to expand partnerships with Türkiye's construction sector at the European International Contractors General Assembly in Istanbul.

09 October 2026

Türkiye's Akinci drone hits target in first domestic guidance kit test

Türkiye's Akinci drone hits target in first domestic guidance kit test

Baykar announced Friday that Türkiye's Akinci unmanned combat aerial vehicle successfully struck a target using the domestically developed Morfoz Guidance Kit, marking the first integration of the Aselsan-developed system into the high-altitude drone platform.

09 October 2026

Türkiye banking sector loan volume hits $586B mark

Türkiye banking sector loan volume hits $586B mark

The Banking Regulation and Supervision Agency said total lending climbed to 28.64 trillion liras ($585.96 billion) as of Oct. 2, marking a 0.85% weekly increase in local currency terms, with commercial facilities dominating the portfolio and lira-denominated instruments accounting for nearly two-thirds of the total.

08 October 2026

Türkiye maintains tight fiscal stance to offset global shocks

Türkiye maintains tight fiscal stance to offset global shocks

Treasury and Finance Minister Mehmet Simsek said Türkiye is maintaining a tight fiscal policy to prioritize macro-financial stability and cushion the impact of global structural headwinds, noting the country's public debt and deficit levels remain well below emerging market averages despite challenging geopolitical conditions.

08 October 2026

Minister Uraloğlu and industry leaders gather as Türkiye's 100-year roadmap takes shape

Minister Uraloğlu and industry leaders gather as Türkiye's 100-year roadmap takes shape

Istanbul Summit Charts Türkiye's Course for a New Century in Transport and Infrastructure

08 October 2026

Türkiye lays roadmap for its next 100 years in transport: mega projects on the way

Türkiye lays roadmap for its next 100 years in transport: mega projects on the way

08 October 2026

Türkiye rules out Treasury funding for investment fund losses

Türkiye rules out Treasury funding for investment fund losses

Vice President Cevdet Yilmaz said on Wednesday that the government will not use Treasury resources to cover private losses at investment funds undergoing liquidation, outlining a repayment plan that prioritizes small investors using fund assets and recovered proceeds.

08 October 2026

Erdogan vows decisive action on fund market irregularities

Erdogan vows decisive action on fund market irregularities

President Recep Tayyip Erdogan said on Wednesday that Türkiye is taking decisive steps to address problems in the fund market, pledging that authorities will not tolerate negligence or legal violations while working to ensure citizens' savings are repaid without burdening the public treasury.

08 October 2026

FTSE Russell maintains Türkiye's Advanced Emerging Market status

FTSE Russell maintains Türkiye's Advanced Emerging Market status

FTSE Russell maintained Türkiye's "Advanced Emerging Market" classification and kept the country off its watch list, stating that it continues to engage with Borsa İstanbul and the Capital Markets Board regarding the feasibility of improving the granularity underpinning free float figures.

07 October 2026

Central Bank governor says Türkiye's fund market sound despite liquidations

Central Bank governor says Türkiye's fund market sound despite liquidations

Central Bank Governor Fatih Karahan told parliament's Planning and Budget Committee on Tuesday that Türkiye's investment fund market continues to function soundly despite ongoing investigations and fund liquidations, stressing that targeted liquidity measures have prevented broader financial instability.

07 October 2026

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