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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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Turkish Technic signs maintenance deal with LOT Polish Airlines
Turkish Technic, the maintenance arm of Turkish Airlines, has entered a strategic partnership with LOT Polish Airlines. The memorandum of understanding focuses on comprehensive base maintenance services, leveraging Turkish Technic's advanced facilities and engineering expertise to support the Polish carrier's fleet operations.
17 October 2025
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Istanbul to host global defense and aerospace Expo SAHA 2026
Türkiye is set to organize the SAHA Expo 2026 in Istanbul, a premier defense and aerospace event that highlights the nation's expanding role in the global industry. The exhibition aims to foster international partnerships and showcase cutting-edge technologies, building on its record-breaking growth in recent years.
17 October 2025
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Türkiye's 5G tender surpasses $3.5 billion, far exceeding target
Türkiye's 5G technology tender has generated $3.5 billion in bids, substantially exceeding the government's minimum target of $2.1 billion. The auction saw participation from all three major telecom operators - Turk Telekom, Turkcell, and Vodafone - with the minister highlighting the economic benefits for the country.
16 October 2025
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Türkiye's international reserves reach record high of $189.7 billion
Türkiye's central bank reserves have reached a new historic peak of $189.7 billion as of October 10, marking the third consecutive weekly record. The reserves increased by 1.9% from the previous week, with gold holdings showing particularly strong growth of 3.2% to reach $102.4 billion.
16 October 2025
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Turkish economy projected to grow 3.3% in 2025, 3.8% in 2026
Vice President Cevdet Yılmaz has announced Türkiye's economy is expected to grow 3.3% this year and accelerate to 3.8% in 2026, with GDP reaching $1.48 trillion next year. The projections were presented during Thursday's medium-term economic program announcement in Ankara.
16 October 2025
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Baykar's Piaggio Aerospace receives Turkish order for two Avanti planes
Piaggio Aerospace, acquired by Turkish drone manufacturer Baykar, has secured an order for two P.180 Avanti EVO aircraft from a Turkish customer. The aircraft will be configured for both shuttle transport and air ambulance missions, marking the first such order since Baykar's acquisition of the Italian aviation firm.
16 October 2025
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Türkiye and Indonesia strengthen strategic partnership in Ankara Forum
Türkiye and Indonesia have reaffirmed their commitment to deepening strategic cooperation during a partnership forum in Ankara marking 75 years of diplomatic relations. Officials from both G20 nations highlighted growing ties in trade, defense, and technology, with Indonesia positioned as a key dialogue partner for Türkiye in Southeast Asia.
16 October 2025
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Türkiye: The New Global Hub for Technology, Talent, and Startup
Big dreams require new beginnings — and Türkiye is opening its doors wide to global innovators.
14 October 2025
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Turkish Unmanned Vessel Technology Expands to European Markets
Turkish defense firm Havelsan is partnering with VN Maritime shipyard to integrate autonomous capabilities into Icelandic Rafnar boats, creating new export opportunities for Türkiye's unmanned surface vessel technologies in European markets for both civilian and security applications.
08 October 2025
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World Bank Pledges Continued Support for Türkiye's Energy Transition
The World Bank has committed to ongoing financing for Türkiye's clean energy projects following a recent $750 million transmission network loan. Bank officials confirmed upcoming meetings with Turkish energy authorities to plan future operations supporting the country's ambitious renewable energy goals.
08 October 2025
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Albayrak Group Secures Long-Term Financing from International Commercial Bank for the Banjul Port Rehabilitation Project in The Gambia
08 October 2025
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Türkiye and Saudi Arabia Forge New Railway Partnership Agreement
Türkiye's State Railways (TCDD) and Saudi Arabia Railways (SAR) have signed a strategic memorandum of understanding. The deal, finalized in Saudi Arabia, paves the way for collaboration on infrastructure, maintenance, traffic management, and staff training, bolstering Türkiye's role in international rail networks.
07 October 2025
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Turkish investments in Kyrgyzstan exceed $1.4B, envoy says
Türkiye’s ambassador to Kyrgyzstan says about 350 Turkish companies operate in sectors including mining, tourism and energy
05 October 2025
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5G technology expected to contribute $100B to Türkiye's economy by 2030
Turkish parliament's adaption of 5G technology is concrete demonstration of Türkiye's determination in digital transformation journey, deputy transport and infrastructure minister says
03 October 2025
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Türkiye’s state petroleum company to operate 2 oil fields in Kazakhstan
Kazakhstan began using Baku-Tbilisi-Ceyhan Oil Pipeline, which is important for Türkiye and surrounding countries, Turkish Petroleum Corporation CEO tells Anadolu
03 October 2025
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Turkish, UAE central banks ink swap, cooperation deals to deepen financial, economic cooperation
2 pacts seek to promote use of local currencies for cross-border transactions and to interlink their payment, messaging systems
02 October 2025
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Türkiye’s international reserves hit record high of $183B
As of Sept. 26, international reserves up 2.3% compared to previous week, gold reserves climb 2.7%
02 October 2025
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