Latest Turkey Economy News contentTypes.turkey-economy
Türkiye warns crypto risks fuel terror financing networks
Türkiye’s Treasury and Finance Minister Mehmet Simsek warned that rapid growth in financial technology and crypto-assets is creating new opportunities for terrorist financing and criminal activity, calling for faster international cooperation and stricter global standards during a conference in Paris.
20 May 2026
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Türkiye consumer confidence highest since March 2025
TurkStat announced on Monday that Türkiye's consumer confidence index climbed to 85.8 in May, reaching its highest level since March as three of four sub-indexes pointed to improved sentiment despite a sharp decline in assessments of current household finances.
18 May 2026
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Turkish Central Bank lifts 2026 inflation forecast to 26%
The Turkish Central Bank raised its year-end inflation forecast for 2026 to 26%, citing war-driven energy shocks, transport costs, and global uncertainty. Governor Fatih Karahan announced interim targets of 24% (2026), 15% (2027), and 9% (2028), with a tight monetary stance to last longer than previously expected.
14 May 2026
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Türkiye targets top five in global participation finance
Türkiye plans to become one of the world’s five largest participation finance markets as the sector continues expanding globally. Treasury and Finance Minister Mehmet Simsek highlighted growth in Islamic banking, stronger economic indicators, and Türkiye’s reduced dependence on the Strait of Hormuz as signs of the country’s financial resilience and long-term economic strategy.
08 May 2026
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Türkiye tourism revenue nears $10bn with steady growth
Türkiye’s tourism sector maintained its upward trajectory in early 2026, generating close to $10 billion in revenue despite modest growth in visitor numbers. Official data points to strong spending patterns, particularly in accommodation and food services, underscoring the sector’s resilience and its continued contribution to the national economy.
30 April 2026
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Turkiye declares 2026 as year of reforms with major investment incentives
Treasury and Finance Minister Mehmet Simsek has announced sweeping structural reforms targeting 2026 as a pivotal year for economic transformation. The comprehensive package unveiled in Ankara introduces substantial tax incentives for exporters and financial centers while positioning Turkiye as a global investment powerhouse through the Istanbul Finance Center initiative.
27 April 2026
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Türkiye invests in trade corridors to counter global fragmentation
Treasury and Finance Minister Mehmet Simsek announced Türkiye is investing in regional trade corridors like the Development Road and Middle Corridor to counter rising protectionism and economic fragmentation. He noted the US-Israel-Iran war has brought temporary macroeconomic effects, with markets expecting higher inflation and tighter financial conditions.
22 April 2026
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Turkish Central Bank holds policy rate steady at 37%
The Central Bank of the Republic of Türkiye kept its one-week repo rate unchanged at 37%, with overnight lending and borrowing rates at 40% and 35.5% respectively. The bank cited elevated energy prices and geopolitical uncertainties, while noting a slight increase in inflation’s underlying trend in April.
22 April 2026
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Türkiye’s BIST 100 dips 0.86% at Monday’s opening session
Türkiye’s benchmark BIST 100 index opened Monday at 14,462.37 points, down 125.56 points or 0.86% from Friday’s record close. On Friday, the index had surged 2.72% to an all-time high of 14,587.93 points, with transaction volume reaching 107 billion liras.
20 April 2026
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D-8’s Network of Pioneers for Research and Innovation (NPRI) highlighted in talks with Pakistan delegation of senior educationists
The D-8 Secretary-General, Ambassador Sohail Mahmood, met with a delegation of senior Pakistani educationists in Istanbul to discuss strengthening collaboration in higher education, research, and innovation, with a focus on expanding Pakistan’s participation in the D-8 Network of Pioneers for Research and Innovation (NPRI).
13 April 2026
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Türkiye, Saudi resolve transit visa issue after decade-long blockade
Ankara has secured transit visas for Turkish truck drivers travelling through Saudi Arabia to the wider Gulf, reopening a crucial land trade corridor after ten years of diplomatic deadlock. Trade Minister Ömer Bolat hailed the breakthrough as a game‑changer, especially as maritime routes through the Strait of Hormuz remain paralysed by war.
10 April 2026
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Türkiye's risk premiums drop after US-Iran truce
Following the two‑week ceasefire between Washington and Tehran, Türkiye’s five‑year credit default swap (CDS) fell 17 basis points to 268. The decline came as US Treasury bond yields dropped sharply, easing borrowing costs for Ankara. The Central Bank also stepped in with swap transactions to stabilise the Turkish lira and prevent liquidity shortages.
08 April 2026
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Türkiye, Syria seal economic integration roadmap for $10B trade
Turkish Trade Minister Omer Bolat announced a comprehensive economic integration protocol with Syria, targeting bilateral trade to reach $10 billion from last year’s $3.7 billion. The first JETCO meeting in Istanbul also agreed on cooperation in textiles, agriculture, and machinery. A joint business forum and an industrial zone in Aleppo are planned. Türkiye prioritizes regional stability and reconstruction through multiple trade alternatives.
07 April 2026
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Iran war drives inflation pressure, CBT chief warns
Rising energy costs linked to the Iran war are pushing inflation upward in Türkiye, Central Bank Governor Fatih Karahan said. He warned of both direct and indirect price effects across sectors, while stressing that tight monetary policy and proactive measures are being maintained to protect price stability and limit the broader economic impact.
31 March 2026
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Turkish Technic secures landmark component deal with Uzbekistan’s Centrum Air
Turkish Technic, the maintenance arm of Turkish Airlines, has signed a long-term component support agreement with Centrum Air, Uzbekistan’s largest private carrier. The deal marks the first partnership between Turkish Technic and an Uzbekistan-based airline, covering Centrum Air’s Airbus A320 fleet.
27 March 2026
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Iraq restarts oil exports through Türkiye's Ceyhan terminal
Iraq's North Oil Company announced Wednesday the resumption of crude exports via Türkiye's Ceyhan port, restarting flows from Kirkuk fields at an initial capacity of 250,000 barrels per day after nearly three years of suspension. The move follows an agreement between Baghdad and the Kurdistan Regional Government to reactivate the northern export route, gaining strategic importance as the Strait of Hormuz closure disrupts southern shipping lanes amid ongoing US-Iran conflict.
18 March 2026
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Türkiye records $552 million budget surplus in February
Türkiye's central government budget posted a surplus of 24.4 billion Turkish liras ($552.1 million) in February, according to official data released Monday by the Treasury and Finance Ministry. The positive balance marks a significant improvement in the country's fiscal position, driven by a substantial increase in revenue collection during the month.
16 March 2026
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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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