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Latest Turkey Economy News contentTypes.turkey-economy
Iraq to resume Kirkuk-Ceyhan oil exports within a week
Facing a halt in its Gulf exports due to the closure of the Strait of Hormuz, Iraq is preparing to activate an alternative route through Türkiye. Iraqi Oil Minister Hayyan Abdul Ghani announced Monday that the Kirkuk-Ceyhan pipeline could be operational within seven days, bypassing the territory of the Iraqi Kurdish Regional Government. The move comes as Baghdad scrambles to mitigate the impact of regional hostilities on its energy sector.
16 March 2026
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Development Road project to add $55B to Turkish economy
The multinational Development Road initiative is expected to inject approximately $55 billion into Türkiye's economy over the next decade while creating up to 70,000 annual jobs, according to Transport and Infrastructure Minister Abdulkadir Uraloglu. Speaking at an iftar event in Ankara, the minister outlined how the 1,200-kilometer trade corridor from Iraq's Grand Faw Port through Türkiye to Europe will solidify the nation's position as a global logistics hub connecting 67 countries within a four-hour flight radius.
13 March 2026
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Türkiye holds interest rate steady at 37% amid geopolitical risks
Türkiye's central bank kept its policy rate unchanged at 37% on Thursday, citing heightened uncertainty from geopolitical developments, deteriorating global risk appetite and rising energy prices. The bank emphasized that its tight monetary stance, coordinated with fiscal measures, would continue to support the disinflation process through demand, exchange rate and expectation channels.
12 March 2026
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'Made in EU' plan puts Türkiye at heart of Europe's industrial revival
The European Commission's proposed "Made in EU" industrial strategy recognizes Türkiye's Customs Union status, positioning Turkish goods as EU-origin for public procurement. If enacted, the legislation would secure Türkiye's role in Europe's supply chain across automotive, steel, and clean energy sectors while reducing dependence on China.
06 March 2026
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Türkiye's inclusion in 'Made in EU' to boost auto, steel sectors
Türkiye's strategic position in European supply chains is set to strengthen following EU confirmation that Turkish goods will qualify under the new "Made in EU" industrial policy. Sector leaders say the Customs Union-based decision will secure export flows, reduce China dependence, and accelerate green transformation in key industries.
06 March 2026
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Türkiye ships 80 million flowers to 35 countries for Women's Day
Turkish greenhouses have dispatched approximately 80 million flowers to 35 nations ahead of International Women's Day on March 8, with the Netherlands and UK as top destinations. Sector representative Ismail Yilmaz reported a 15% export increase to $12 million, highlighting that women comprise 80% of the workforce in Türkiye's floriculture industry.
05 March 2026
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Türkiye signs landmark Hürjet export deal with Spain, including advanced simulators
Türkiye's defense industry has achieved a historic milestone with the export of TAI's Hürjet jet trainer to Spain, marking the first sale of a Turkish combat aircraft to a NATO and EU member state. Havelsan will supply full mission simulators as part of the comprehensive package, reversing decades of Turkish import dependency.
27 February 2026
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Albayrak Group strengthens port infrastructures with its extensive fleet
Albayrak Group stands out as a strong player on a global scale with its activities in the maritime and port infrastructure sector. Albayrak İnşaat, operating under the Group, develops infrastructure for strategic ports in different geographies with its extensive fleet
21 February 2026
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Turkish flour industry targets 3 million tons exports in 2026 despite global headwinds
Türkiye's flour sector aims to capture over a quarter of the 12-million-ton global export market this year, targeting 3 million tons following 2.34 million tons achieved in 2025. TUSAF Chair Mesut Çakmak cited rapid export growth in Syria and strong brand reputation as key advantages against competitors like Egypt.
16 February 2026
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IMF: Türkiye's disinflation program succeeds as growth remains resilient
The International Monetary Fund has endorsed Türkiye's economic program, confirming that tight monetary policy, fiscal consolidation, and prudent income measures have reduced inflation while maintaining steady growth. The IMF projects 4.2% growth for 2026 and urged continued structural reforms to entrench gains.
14 February 2026
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14TH WCI Forum concludes today in Istanbul after strengthening Türkiye-Africa ties
On the closing day, participants reflected on key outcomes, including a surge in bilateral trade, new defense industry agreements, and a shared commitment to sustainable cooperation beyond traditional aid models.
12 February 2026
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Türkiye sets tourism record with $65.2B revenue in 2025
Türkiye achieved its highest-ever tourism figures in 2025, welcoming 64 million visitors and generating $65.2 billion in revenue despite regional instability. The country now ranks as the world's fourth-most visited destination, with sector leaders targeting further growth through year-round and event-driven tourism.
10 February 2026
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Finance minister: Türkiye's economy resilient amid global uncertainty
Turkish Finance Minister Mehmet Simsek says the nation's economy has shown resilience despite global headwinds, citing free trade agreements, strong service exports, and strategic investments in AI and energy. He highlighted Türkiye's pivotal role in new trade corridors and its robust services sector as key buffers.
09 February 2026
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Türkiye's central bank reserves reach all-time high of $218.2 billion
The Central Bank of the Republic of Türkiye has reported its total international reserves have climbed to a record $218.2 billion as of January 30. The increase was primarily driven by a significant rise in gold holdings, underscoring the continued strengthening of the nation's financial buffers.
05 February 2026
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Türkiye's annual inflation declines for fourth straight month
Official data shows Türkiye's annual inflation rate edged down to 30.65% in January, marking the fourth consecutive monthly drop and reaching its lowest level since November 2021. Finance Minister Mehmet Şimşek attributed part of the monthly rise to seasonal factors and reaffirmed the government's commitment to its disinflation program.
03 February 2026
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President Erdoğan appoints Ozkul and Kara as central bank deputies
President Recep Tayyip Erdoğan has appointed Fatma Ozkul and Gazi Ishak Kara as new deputy governors of the Central Bank of the Republic of Türkiye. The appointments were formally announced in the Official Gazette, marking a key administrative change at the nation's top monetary institution.
03 February 2026
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EBRD invested record $3.2 billion in Türkiye last year, its largest market
The European Bank for Reconstruction and Development made a record €2.7 billion investment in Türkiye in 2025, making it the bank's largest country of operation. The funding supported the private sector, earthquake recovery, and green transition initiatives.
30 January 2026
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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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