Turkish economy

Tufan Erhurman and his wife, Nilden Erhurman, celebrate on stage after their victory in the Turkish Cypriot leadership election in the self-proclaimed Turkish Republic of Northern Cyprus on Oct. 19, 2025.

Analysis

Turkish Cypriot polls: Winner not Ankara’s pick but can aid Turkey

Even though Ankara’s preferred candidate lost in Turkish Cypriot elections, the outcome could ironically work in Turkey’s favor.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

President Recep Tayyip Erdogan arrives in Oman’s capital, Muscat, to pay an official visit at the invitation of Sultan Haitham bin Tariq Al Said of Oman on Oct. 22, 2025.

Analysis

Turkey strengthens defense, energy ties following Erdogan’s Gulf tour

The Turkish president’s Gulf tour saw the signing of over a dozen agreements to strengthen military ties, diversify energy sources and expand economic partnerships amid regional instability.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

SAFIN HAMID/AFP via Getty Images

Erdogan heads to Gulf as Turkey looks to ease energy dependence on Russia

The Turkish president will visit Kuwait, Oman and Qatar to strengthen economic ties, boost regional diplomacy and sign a series of agreements.

Ferries sail on Bosphorus in Istanbul, on August 29, 2025, next to the 15 July Martyrs Bridge, known as Bosphorus bridge.

Turkey sees FDI rise 58% as investor confidence returns

Turkey’s economy is seeing an uptick in foreign investment after a financial downturn punctuated by its highest inflation on record.

Latest News

Supreme Court clears path for Turkey’s Halkbank trial over Iran sanctions

People walk past a branch of Turkish bank HalkBank on Dec. 1, 2017 in Istanbul, Turkey.

Analysis

Jet lag: Turkey weighs alternatives as US sanctions stall Kaan engine imports

Turkish air force fighter jets fly over a parade during celebrations marking the 50th anniversary of Turkey's invasion of Cyprus on July 20, 2024, in occupied northern Nicosia, Cyprus.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey scraps tariffs on some US imports ahead of Erdogan-Trump meeting

US President Donald Trump (L) and Turkey's President Recep Tayyip Erdogan (R) leave the stage after the family photo to head to the plenary session at the NATO summit at the Grove hotel in Watford, northeast of London.

As EU tries to wean off Russian gas, pipeline imports via Turkey rise

DIMITAR DILKOFF/AFP via Getty Images

Serdar Ozsoy/Getty Images

Turkish markets, lira gain as Ankara delays ruling on opposition head's ouster

An Ankara court adjourned a case to October 24 to ouster the opposition CHP party's chairman, as part of a long-running political crackdown by the ruling AKP party.

New cars are seen on the dock of Haydarpasa Port on May 02, 2025 in Istanbul, Turkey.

Turkey's trade deficit falls to lowest level in nearly four years: What to know

Turkey’s trade deficit in August shrank to $4.17 billion, its lowest level in 46 months, Trade Minister Omer Bolat said.

A Tesla Model Y is seen on a Tesla car lot on May 31, 2023 in Austin, Texas.

Turkish Tesla sales soar in August, surpassing European, Japanese rivals

Elon Musk’s EV company sold 8,730 Model Ys in August, jumping 86% compared to July, according to data from Turkey’s Automotive Distributors and Mobility Association.

In this photo illustration, Turkish liras are displayed, on Aug. 27, 2018, in Istanbul, Turkey.

Analysis

Turkey to end costly $60B currency-protection scheme — for now

Ankara could soon close the book on a monetary intervention launched to defend the lira in 2021, the latest pivot back to more conventional economic policies following the country's 2023 presidential election.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Turkish soldiers march, including some on horses, during a military parade marking the 102nd anniversary of the Victory Day at Vatan Street in Istanbul on Aug. 30, 2024.

Analysis

Turkey’s military shake-up: Adapting to new threats or political meddling?

A new personnel law reflects growing political influence over military decision-making, raising concerns about the military's meritocracy and autonomy.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Badr Abdelatty

Turkey’s Fidan to visit Egypt with Libya, Gaza on agenda

The top Turkish diplomat’s Cairo visit comes as Ankara-Cairo engagement deepens amid shifting power balances in North Africa and shared concerns over Gaza.

People shop at a local street market in Istanbul, Turkey, May 3, 2023.

Turkey’s inflation falls to four-year low of 33.5%: What to know

Treasury and Finance Minister Mehmet Simsek said on X that annual inflation had fallen to its lowest level in 44 months.

An export train to Russia and China leaves the Ankara station, on Jan. 29, 2021.

Turkey secures $2.8B green financing for Azerbaijan railway: What to know

The 223-kilometer railway will connect to the existing train route that joins Turkey’s northeastern city of Kars and the Georgian and Azerbaijani capitals of Tbilisi and Baku.

Iraqi workers tend to a pipe at the Iraqi-Turkish pipeline in Karkuk, northern Iraq, Dec. 1, 2000.

Why Turkey plans to end its 52-year oil pipeline deal with Iraq

The Turkish decree stipulated that the 1973 Turkey-Iraq Crude Oil Pipeline Agreement — along with all amendments to the deal — would be terminated effective July 27, 2026.

ADEM ALTAN/AFP via Getty Images

Turkey closes livestock markets amid foot-and-mouth disease outbreak: What to know

The Agriculture Ministry has closed all livestock markets to prevent spread of the disease while vaccination efforts are underway.

Flags flutter along a bridge as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. Iran fired a fresh barrage of missiles at Israel, state television announced early on June 15, as the rivals exchanged fire for a third day. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Analysis

With over 85% imported, Turkey braces for energy ripples of Iran-Israel war

Rising oil prices threaten Turkey’s fragile economy amid escalating regional tensions, while energy supply risks grow.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

People enjoy the sun and the sea along the Kadinlar Beach of Kusadasi on July 17, 2005.

Turkey: $30M credit card scam hits tourists in coastal resort, 20 arrested

The alleged ringleader, a hotel owner identified as "H.O.," stole the money by sharing credit card details of tourists checking into the property.