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Latest Turkey Economy News contentTypes.turkey-economy
Türkiye's central bank reserves reach historic high of $215.6 billion
The Central Bank of the Republic of Türkiye has announced that its total international reserves surged to a record $215.6 billion as of January 23. The figures show a significant weekly increase, driven largely by a rise in gold holdings.
29 January 2026
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Türkiye's unemployment rate hits record low of 7.7% in December
Türkiye's official unemployment rate has fallen to the lowest level recorded since 2005, reaching 7.7% in December. The number of jobless individuals decreased by 286,000, though overall employment also saw a slight decline during the same period.
29 January 2026
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Türkiye's exports to Syria surge 70% to $2.5bn after regime change
Turkish exports to Syria skyrocketed by nearly 70% in 2025, exceeding $2.5 billion, following political changes in Damascus. Business leaders cite a more predictable market and reopening border gates. This growth is expected to continue, supported by reconstruction needs and increasing stability.
27 January 2026
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Turkish Airlines, Air Montenegro sign codeshare agreement
Turkish Airlines and Air Montenegro have entered a codeshare partnership to expand connectivity, placing their flight codes on key routes between Istanbul and Montenegro as well as to Baku and Dubai. The deal aims to boost tourism and trade ties.
27 January 2026
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Fitch revises Türkiye's rating outlook to positive, affirms BB-
Fitch Ratings has revised the outlook on Türkiye's long-term foreign currency issuer rating to Positive from Stable, while affirming the BB- rating. The agency cited a significant strengthening of foreign exchange reserves and reduced external vulnerabilities as key drivers.
24 January 2026
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Türkiye ranks as world's second-largest olive oil producer
The International Olive Council reports Türkiye has surpassed Italy to become the world's second-largest olive oil producer after Spain, while also leading global table olive production. This marks a significant consolidation of Türkiye's key role in the international olive sector.
24 January 2026
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Turkish central bank aims to build reserves, maintain tight monetary policy
The Turkish Central Bank plans to increase its international reserves as market conditions permit, while maintaining a tight monetary stance to achieve interim inflation targets of 24% for 2025 and 16% for 2026, according to a new economic program.
21 January 2026
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Türkiye attracts $12.4 billion in foreign investment over 11 months
Foreign direct investment (FDI) flows into Türkiye totaled $12.4 billion in the first eleven months of 2025, marking a 28% annual increase. The latest data from November shows an inflow of $990 million, highlighting continued international investor interest in the Turkish economy.
13 January 2026
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Turkish defense leader Aselsan hits historic $30 billion market cap
Turkish defense electronics giant Aselsan has become the first company from Türkiye to achieve a market valuation of $30 billion. The milestone also places the Ankara-based firm among Europe's top ten most valuable defense industry companies, driven by surging exports and a massive order backlog.
13 January 2026
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Turkish Airlines cancels flights to three Iranian cities amid unrest
Turkish Airlines has canceled 17 scheduled flights to Tehran, Tabriz, and Mashhad for Friday and Saturday, citing regional developments. The decision comes during ongoing protests across Iran.
09 January 2026
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Türkiye and UK sign new pacts, targeting $40 billion in bilateral trade
Türkiye and the United Kingdom have signed a new Joint Economic and Trade Committee Action Plan and a mutual recognition agreement during high-level talks in London. The moves aim to significantly boost bilateral trade toward a target of $40 billion.
08 January 2026
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Turkish stock market's BIST 100 index breaks 12,000 barrier for first time
Türkiye's benchmark BIST 100 stock index surged past the 12,000-point threshold for the first time on Tuesday, closing at a record high. The index gained 2.75% in a broad-based rally, reflecting strong investor confidence amid positive economic signals.
07 January 2026
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Türkiye’s economic momentum boosts confidence in 2026 targets
A broad set of macroeconomic indicators in Türkiye, from growth and exports to inflation and credit risk, are reinforcing optimism for 2026. Record export figures, easing inflation, a sustained current account improvement and falling CDS premiums are reshaping expectations, while markets and employment data point to a more balanced and resilient economic outlook.
07 January 2026
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Turkish Airlines to build world's largest cargo terminal with $2.3B investment
Turkish Airlines has announced a massive investment exceeding 100 billion Turkish liras (over $2.3 billion) to construct what it claims will be the world's largest cargo terminal and in-flight catering facility. The project is expected to create 26,000 new jobs, significantly boosting the national carrier's logistics capacity.
02 January 2026
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Türkiye prioritizes disinflation and sustainable growth for 2026
The Turkish economy enters 2026 with a dual focus on sustaining its disinflation progress and achieving stable, long-term growth. Key data releases, central bank meetings, and international trade diplomacy are set to dominate the year's economic agenda.
01 January 2026
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Spain's HURJET deal with Türkiye unlocks new export opportunities, official says
Türkiye's landmark defense export deal with Spain, involving 30 domestically produced HURJET training aircraft, has created significant new opportunities for further exports and technological cooperation, according to a top Turkish defense official. The €2.6 billion agreement was finalized on Monday.
31 December 2025
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Türkiye advances free trade talks with UK and Gulf Cooperation Council
Turkish Trade Minister Omer Bolat has announced ongoing negotiations to expand the goods-only free trade agreement with the United Kingdom to include services, with a target effective date in the latter half of 2026. Simultaneously, Türkiye continues free trade talks with the Gulf Cooperation Council (GCC), building on existing pacts with the UAE and Qatar.
30 December 2025
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Income inequality in Türkiye eases as Gini index falls in 2025
Income distribution in Türkiye showed modest improvement as the Gini coefficient edged lower year-on-year, according to official data. New figures from TurkStat indicate a slight narrowing between high- and low-income households in 2024–2025, reflecting changes in disposable income calculations and a small shift in income shares across quintiles.
26 December 2025
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Turkish exports to Syria jump 54% to top $3 billion in 2025
Turkish exports to Syria have surged by over 54% year-on-year, surpassing $3 billion in 2025, a boom attributed to improved bilateral relations and political stabilization following the fall of the Assad regime.
24 December 2025
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