Economic news in Turkey

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2026-02-13 Economy

Regional corridor between Turkey, Syria and Jordan: boost for overland trade

Overland routes are returning to the spotlight as supply chains face pressure, ocean freight costs rise, and deliveries are delayed. In this context, the region...

2026-01-26 Economy

Turkey Cuts Interest Rate to 37%, Below Market Expectations

The Turkish central bank decided to cut the interest rate for the fifth consecutive month, though at a slower pace than markets had anticipated, signaling a mor...

2026-01-24 Economy

Cautious Interest Rate Decision by Turkey’s Central Bank Signals Inflation Concerns

Turkey’s central bank took a cautious step on the interest rate, cutting the main policy rate by 100 basis points to 37 percent, a move that came below market e...

2026-01-06 Economy

Turkey’s Inflation Falls More Than Expected in December

Official data showed that Turkey’s inflation rate declined more than expected in December, signaling easing price pressures as the central bank’s tight monetary...

2026-01-06 Economy

Erdogan Outlines His Vision on U.S. Ties, Defense, Energy and Gaza

Turkish President Recep Tayyip Erdogan outlined his vision on key political, economic and security issues in an interview with Bloomberg, saying that Donald Tru...

2026-01-06 Energy

Trump Presses to Halt Russian Oil, Reopens F-35 Talks with Ankara

U.S. President Donald Trump urged Turkish President Recep Tayyip Erdogan to halt purchases of Russian oil during talks at the White House, as part of Washington...

2026-01-06 Energy

Rare Earth Minerals Open New Partnership Between Turkey and the United States

Turkey is holding talks with the United States to develop its rare earth minerals reserves in western Anatolia, marking a strategic shift after similar negotiat...

2026-01-06 Energy

U.S. Gas Drives Turkey’s Plan to Invest in American Energy Fields

Turkey is exploring new investment opportunities in U.S. oil and gas fields as part of a broad plan to restructure its energy portfolio, with growing reliance o...

2026-01-06 Economy

Turkey Trade Deficit Rises to $8 Billion in November

Turkey’s trade deficit widened notably in November as imports grew faster than exports, according to official data released by the Turkish Statistical Institute...

2025-12-24 Economy

Turkey Raises Monthly Minimum Wage by 27% in 2026

The Turkish government has announced a 27% increase in the monthly minimum wage starting in 2026, aiming to support purchasing power and ease the impact of infl...

2025-12-24 Economy

Turkey Raises Monthly Minimum Wage by 27% Starting 2026

The Turkish government has announced a 27% increase in the monthly minimum wage starting in 2026, aiming to support citizens’ purchasing power and ease the impa...

2025-12-14 Economy

US Dollar vs Turkish Lira Shows Cautious Moves in Currency Market

The US dollar vs Turkish lira continued to show cautious movements in the foreign exchange market, as investors closely monitor developments in Turkey’s monetar...

2025-12-12 Economy

Interest Rates Drive Turkey Central Bank Cut to 38%

Turkey’s central bank announced a interest rate cut of 1.5%, lowering the benchmark rate to 38%, following signs of easing inflationary pressures.In a statement...

2025-12-12 Economy

Turkey’s Interest Rate Cut Leaves Little Room for Policy Error, Citi Says

Citigroup warned that Turkey’s recent interest rate cut leaves policymakers with little room for error, saying the size of the move calls for a clear explanatio...

2025-12-12 Economy

Inflation Rises in Istanbul Ahead of Turkey’s National Data

Inflation in Istanbul, Turkey’s largest city and commercial hub, edged higher in October, signaling that price pressures remain firm ahead of the release of nat...

2025-12-12 Economy

Inflation in Turkey Slows More Than Expected, Boosting Central Bank Outlook

Inflation in Turkey slowed more than expected in October, strengthening confidence in the central bank’s commitment to continue easing monetary policy through i...

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