Turkish economy

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

Latest News

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

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

As Turkey's inflation dips to 35%, will central bank pivot on interest rates?

Price tags of olives are seen at a store on March 3, 2025, in Istanbul, Turkey

Analysis

Can Turkey's Hurjet deal with Spain propel it into NATO’s defense market?

People look at the Hurjet, an advanced jet trainer light attack aircraft, during the opening day of the International Defense and Aerospace exhibition in Istanbul, Oct. 22, 2024.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

India wages economic war on Turkey for supporting Pakistan in Kashmir

TAUSEEF MUSTAFA/AFP via Getty Images

CEO of Colony Capital Tom Barrack speaks on the last day of the Republican National Convention, on July 21, 2016, in Cleveland, Ohio.

Analysis

Tom Barrack, Trump's pick for Turkey ambassador, is good news for Erdogan

The US billionaire's close ties with the president-elect and a portfolio in dealmaking could provide room for improvement in Ankara-Washington ties, according to experts.

Ezgi Akin

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

Turkish President Recep Tayyip Erdogan looks on during an Extraordinary Summit of the Heads of State of the Organization of Turkic States (OTS), in Ankara, on March 16, 2023.

Analysis

For Turkey, can Turkic OTS be an alternative to BRICS?

Composed of Turkey, six other Turkic nations and Hungary, the Organization of Turkic States meshes cultural kinship with political and economic interests. Can it become more?

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

A man counts Turkish lira at a currency exchange office in Istanbul, July 29, 2020.

Turkey’s Central Bank holds interest rate at 50%

It marks the eighth consecutive month without a change.

TPAO

Turkey’s big plan to launch IPOs for state energy companies: What we know

Turkey's financial recovery travails are likely to be the key reason for the change in energy policy.

Visitors look at the Bayraktar Kizilelma UCAV during the opening day of SAHA EXPO 2024, an international defense and aerospace exhibition, Istanbul, Oct. 22, 2024.

Analysis

Turkey slated to boost defense exports after major arms fair sees $6.2B in contracts

While the additional foreign revenue is good news for Ankara, experts warn that success in the defense industry sector comes with potential risks.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkish air force fighter jets perform a military parade over the Bosphorus as Camlica mosque is seen in the background to mark the 100th anniversary of Turkish Republic in Istanbul on Oct. 29,2023.

Erdogan’s AKP postpones bill to impose credit card fees to support Turkey’s defense

Plans to collect credit card fees in a bid to boost the defense industry are put on hold after a public backlash.

Turkish President Recep Tayyip Erdogan wears a scarf with both Turkish and Palestinian flags as he addresses a rally organized by the AKP party in solidarity with the Palestinians in Gaza, in Istanbul on Oct. 28, 2023.

Analysis

Erdogan accuses Israel of wanting to wage war on Turkey despite robust trade ties

These claims, which analysts have deemed absurd, are mainly aimed at appeasing his Islamist base and distracting the broader public from their economic woes.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

A street vendor sells corn as he waits for customers in the Eminonu district of Istanbul, Turkey, Aug. 30, 2024.

Turkey's annual inflation falls lower than expected to 49.4%

Turkey's annual inflation slowed down in September, but lower-than-expected figures could delay central bank rate cuts, according to some analysts.

Turkish President Recep Tayyip Erdogan (R) and Chinese President Xi Jinping (L) inspect Chinese honour guards during a welcome ceremony outside the Great Hall of the People in Beijing on July 2, 2019. (Photo by WANG ZHAO / AFP) (Photo by WANG ZHAO/AFP via Getty Images)

Analysis

Turkey's BRICS ambitions hinge on India, China accepting Ankara's bid

Geopolitical equations might pave the way for BRICS members to welcome Turkey in the bloc but such outcome is both complicated and not imminent.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Kent Nishimura/Getty Images

Analysis

Even as Erdogan befriends Putin, Turkey and Ukraine ink major free trade deal

The two countries are finalizing the ratification of the free-trade agreement they signed weeks before the Russian invasion started in February 2022.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

BULENT KILIC/AFP via Getty Images

Turkey’s Central Bank keeps interest rates at 50% as inflation cools

The bank signaled it was ready for further hikes in case of significant deterioration in the inflation outlook.

Turkey's president, Recep Tayyip Erdogan (R), and his Venezuelan counterpart Nicolas Maduro (L) attend a joint press conference after their meeting in Ankara on June 8, 2022.

Turkey’s Erdogan calls Venezuela's Maduro after contested elections, urges dialogue

The Turkish president stopped short of extending congratulations to Nicolas Maduro but expressed his well-wishes for the South American nation after the contested election results, according to a Turkish readout.