Turkey Economy
Last update : 19 June 2026, Friday / 14:43
Advertisement
Latest Turkey Economy News
Türkiye raises Turkish Straits transit fee to $6.70 per ton
Transport and Infrastructure Minister Abdulkadir Uraloglu said the new rate will take effect on July 1, 2026 under the 1936 Montreux Convention, boosting foreign currency revenue for the Treasury as annual transit income is projected to reach $254 million in the next fiscal cycle.
19 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye, Germany seek deeper economic ties at JETCO talks
Turkish Trade Minister Ömer Bolat said Ankara and Berlin discussed expanding cooperation on trade, energy transition and digital transformation during high-level JETCO talks in the capital, with both sides emphasizing the strategic importance of their $52 billion economic partnership for European supply chains.
19 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye showcases 26 startups at VivaTech 2026 in Paris
Türkiye has brought 26 technology startups to VivaTech 2026 in Paris, 14 of which are part of the Turcorn 100 program for high‑growth ventures targeting $1 billion valuations. Minister Kacir said Türkiye aims to have 100,000 tech startups by 2030.
19 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Turkish, Spanish defense industries sign strategic cooperation deals at Eurosatory
Turkish and Spanish defense industry representatives signed cooperation agreements at the Eurosatory exhibition in Paris, aiming to integrate SMEs and prime contractors, strengthen supply chains, and enhance joint production. The deals include protocols for future defense events in Ankara and Valencia, with the first “IDA Türkiye” event scheduled for October 2026 in Ankara.
18 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye, UK ministers discuss FTA modernization, $40B trade target
Turkish Trade Minister Ömer Bolat said on Wednesday he hosted UK Trade Minister Chris Bryant in Ankara to discuss modernizing their free trade agreement and deepening investment ties, as the two NATO allies aim to raise bilateral trade volume from $24 billion to $40 billion.
18 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye industrial output rises 6% in April, strongest in 8 months
Türkiye's industrial production climbed 6% year-on-year in April, marking the strongest annual expansion in eight months as manufacturing drove the gains, data showed.
15 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
German minister to visit Türkiye for trade, energy talks
Germany's Economy and Energy Minister Katherina Reiche will travel to Türkiye on Thursday and Friday for high-level talks aimed at strengthening bilateral trade and energy cooperation, accompanied by a delegation of around 30 business leaders from key economic sectors.
15 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Simsek: Disinflation to continue despite geopolitical shocks
Treasury and Finance Minister Mehmet Simsek said the disinflation process will resume within months despite recent geopolitical and energy shocks, as he and Central Bank Governor Fatih Karahan reaffirmed commitment to price stability and fiscal discipline at the Banks Association of Türkiye's general assembly in Istanbul.
12 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
EIB backs Türkiye's green transition, eyes railway expansion
The European Investment Bank has signed €200 million in new financing agreements to accelerate Türkiye's green transition and is actively exploring opportunities to support the expansion and modernization of the country's railway infrastructure, Vice President Robert de Groot said during his first official visit to Istanbul.
11 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Turkish Central Bank holds policy rate at 37% for third straight meeting
The Turkish Central Bank kept its policy rate unchanged at 37% for the third consecutive Monetary Policy Committee meeting, as expected. The bank noted that energy prices remain volatile due to geopolitical developments, while domestic demand is weakening. It reiterated that it will tighten policy if the inflation outlook deteriorates significantly.
11 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Turkish Airlines remains Türkiye’s most valuable brand
Turkish Airlines topped Brand Finance’s Türkiye 125 2026 ranking with a brand value of $2.884 billion, followed by Arçelik ($1.989B) and İşbank ($1.243B). The combined value of 125 Turkish brands rose to $19.6 billion, driven by aviation, defence, banking, and electronics.
10 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
City branding key to expanding economic influence, says Anadolu CEO
Anadolu CEO Serdar Karagöz stated that contributing to city brands is a key responsibility, as strong communication strategies make urban economic, cultural, and social values more visible. Speaking at the City Economies Summit in Gaziantep, he highlighted renewed Türkiye‑Syria trade ties and the Gaziantep‑Aleppo axis.
09 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye targets $10B trade with Syria, new customs gates
Turkish Trade Minister Ömer Bolat announced plans to boost bilateral trade with Syria to $10 billion by the early 2030s and open new customs crossings, as officials gathered in Gaziantep for a summit aimed at deepening economic integration between the two nations.
09 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye hosts Global Islamic Economy Summit gala at Dolmabahce Palace
Vice President Cevdet Yilmaz told participants at the Global Islamic Economy Summit gala held at Dolmabahce Palace on Friday that ethics-based finance holds tremendous potential for addressing global economic challenges amid mounting uncertainties, reaffirming Ankara's commitment to expanding participation finance and establishing Istanbul as a leading international financial hub for the region.
07 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye positioned to weather global economic shocks: Central Bank
Central Bank Governor Fatih Karahan said on Friday that Türkiye is positioned to withstand severe global economic shocks amid reinforced financial buffers and a favorable trajectory in the current account deficit, speaking at the Global Islamic Economy Summit in Istanbul.
06 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye urges rules-based trade, warns on protectionism at OECD summit
Trade Minister Ömer Bolat called for preserving the rules-based multilateral trade system centered on the World Trade Organization at the OECD Ministerial Council Meeting in Paris on Friday, warning against rising protectionism while holding bilateral talks with Ukrainian, Canadian, US and Bulgarian counterparts on trade agreements and customs cooperation.
06 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye pledges to expand Islamic finance at Global Islamic Economy Summit
The 3rd Global Islamic Economy Summit in Istanbul saw Türkiye Wealth Fund CEO Salim Arda Ermut affirm Islamic finance as part of the fund’s long-term strategy. Necmeddin Bilal Erdogan called for a distinct model not mimicking global finance. Ahmet Burak Daglioglu said Türkiye aims to boost OIC trade and establish an open data bank.
04 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Türkiye’s trade deficit narrows 15.7% in first five months of 2026
Trade Minister Omer Bolat announced that Türkiye’s foreign trade deficit fell 15.7% year-on-year to $42.7 billion in January-May 2026, as imports dropped faster than exports in May. Exports fell 9.3% to $22.5 billion, while imports declined 10.7% to $28.1 billion. The EU remained Türkiye’s largest export market, with Germany as the top destination.
04 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
Minister Simsek urges stronger Islamic finance to link capital with development
Treasury and Finance Minister Mehmet Simsek said asset-backed Islamic finance offers a sustainable model for channeling investment toward development priorities, warning that global foreign direct investment is increasingly concentrated in financial centers rather than flowing to productive assets in emerging markets.
04 June 2026
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.
E-mail NewsletterFollow Türkiye and the world closely and be the first to hear about our exclusive news! Subscribe to the Yeni Şafak email newsletter to receive the most important daily and weekly news, analysis, and special content directly to your email inbox.
Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.