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Turkey Economy

Last update : 24 September 2026, Thursday / 12:11

Latest Turkey Economy News

Türkiye-US trade volume to reach $50B by 2028

Turkish Trade Minister Omer Bolat told Anadolu that bilateral trade with the United States is expected to reach $42-43 billion this year and climb to $50 billion by 2028, as the two nations negotiate tariff disputes and pursue deeper economic cooperation.

24 September 2026

Turkey Economy

Turkish Airlines finalizes deal for up to 150 Boeing jets

Turkish Airlines announced on Wednesday it has finalized an agreement to purchase up to 150 Boeing 737 MAX aircraft, marking the carrier's largest single-aisle order from the manufacturer as it seeks to expand its short- and medium-haul network and modernize its fleet.

24 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

Turkey Economy

Istanbul farms cover 14% of megacity, boosting grain output

Istanbul’s provincial agriculture director Suat Parildar said the megacity’s 183,600 acres of cultivated land account for 14% of its total area and are driving economic growth through strategic grain production, as authorities report significant yield increases and expanded state subsidies for the current season.

22 September 2026

Turkey Economy

Türkiye's manufacturing capacity climbs to 74.2% in September

The Central Bank of the Republic of Türkiye announced on Monday that the nation's manufacturing capacity utilization rate rose by 0.7 percentage points month-on-month to reach 74.2% in September, with intermediate goods posting the highest rate among main industrial groups while durable consumer goods recorded a decline.

21 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

America

Türkiye approves defense industry cooperation pact with Brazil

President Recep Tayyip Erdoğan has formally approved a defense industry cooperation agreement with Brazil, according to an official decision published in the Official Gazette on Friday, enabling joint development projects and reciprocal procurement initiatives between the two countries.

18 September 2026

Turkey Economy

Türkiye’s external assets up 4.2% to $419.6B in July

The Turkish Central Bank said on Friday that the country’s external assets rose 4.2% month-on-month to $419.6 billion in July, while liabilities to non-residents increased 1% to $818.3 billion, leaving the net international investment position at minus $398.7 billion.

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

Travel

Istanbul Airport opens fourth main runway to boost capacity

Transport Minister Abdulkadir Uraloglu said the new east-west oriented strip will reduce taxi times and fuel consumption while boosting on-time departures at the expanded air hub, noting that President Recep Tayyip Erdogan will attend Thursday's inauguration ceremony.

18 September 2026

Turkey Economy

Türkiye merits ‘Made in EU’ inclusion over Customs Union: Bolat

Trade Minister Omer Bolat said Türkiye should be included in the European Union’s “Made in EU” approach due to the country’s deep production integration with the bloc under the 1995 Customs Union, as he prepares to meet Italian officials in Rome to discuss upgrading bilateral trade ties.

18 September 2026

Business

Türkiye regulator orders liquidation of 130 funds from seven firms

Türkiye's Capital Markets Board has ordered the liquidation of 130 investment funds managed by seven portfolio management companies and suspended all TEFAS trading, while temporarily easing the minimum equity maintenance ratio for margin transactions to 20% until Oct. 2 to protect investor interests.

17 September 2026

Turkey Economy

Turkish Airlines, Air China expand codeshare to Africa, Asia

Turkish Airlines and Air China announced Thursday an expansion of their codeshare partnership to cover all direct flights between Türkiye and China, opening access to destinations across Africa and Latin America for Air China passengers and six additional mainland Chinese cities for Turkish Airlines travelers via their respective hubs.

17 September 2026

Turkey Economy

Türkiye's central bank moves to strengthen financial markets

The Central Bank of the Republic of Türkiye announced on Thursday a series of steps to strengthen financial market functioning and manage Turkish lira liquidity, stating it will increase one-week repo funding and lower collateral haircuts to facilitate bank access.

17 September 2026

Turkey Economy

Türkiye rules out structural risk to Borsa Istanbul, vows action

The Financial Stability Committee announced Thursday that Türkiye's capital markets harbor no fundamental or structural risks, pledging swift measures to ease liquidity pressures at select portfolio management funds and prevent any contagion to the wider financial system, according to an official statement.

17 September 2026

Business

Türkiye's Akinci drone downs aerial target with Sungur missile

Baykar's Akinci unmanned combat aerial vehicle successfully engaged and destroyed a high-speed target drone using an indigenously developed Sungur missile during a test over the Black Sea, demonstrating the platform's expanding air-to-air capabilities and bolstering Türkiye's defense sector.

16 September 2026

Turkey Economy

Türkiye's civil aviation fleet reaches 1,772 craft at mid-year

The Transport and Infrastructure Ministry's Civil Aviation General Directorate reported that Türkiye's civil aviation fleet expanded to 1,772 registered craft by the end of June, with commercial carriers driving growth to meet demand at major hubs.

14 September 2026

Travel

Istanbul hosts global tourism summit targeting $116M trade volume

GlobeMeets 2026 opened in Istanbul on Thursday bringing together over 3,000 tourism professionals from 50 countries aiming for €100 million in commercial deals and 25,000 B2B meetings, as officials highlighted Türkiye's rise to become the world's fourth-largest tourism destination.

11 September 2026

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