India wages economic war on Turkey for supporting Pakistan in Kashmir Turkish business interests are taking a hit as India retaliates against Ankara’s backing of Pakistan on Kashmir. Turkey
New German government to decide on Eurofighter sale to Turkey: Officials Germany’s outgoing government will leave the Eurofighter sale decision to incoming Chancellor Friedrich Merz, official German sources suggested to Al-Monitor. Turkey
Turkey’s Simsek tours US for IMF, WB summits, Treasury Secretary meeting Turkey’s finance czar is starting his trip in New York before heading to Washington for talks on economic cooperation and global financial issues. Turkey
Turkey hikes interest rate to 46% amid turmoil over Imamoglu’s arrest The rate hike marks the first since March 2024, amid growing economic turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu. Turkey
How Ukraine crisis undermines Turkey's economic program Ankara’s economic program has hit a deadlock under the impact of Russia’s invasion of Ukraine, marked by a stream of fuel hikes, canceled tourism bookings and textile orders, and shortage fears in the food sector. Turkey
Turks rush to buy sunflower oil as Ukraine war menaces food prices Despite official assurances over supplies of basic items, a holdup of imports from Russia and Ukraine has already sparked panic buying of sunflower oil. Turkey
Turkey’s inflation hits 54.4% as Ukraine crisis threatens fresh blows Russia’s invasion of Ukraine is producing fresh headwinds for Turkey’s economy, including further inflationary pressure and looming blows to the country’s tourism sector, a vital source of hard currency revenues. Turkey
Turkey’s economy up 11%, but growth brings risk Turkey’s flashy growth rate in 2021 has been accompanied by a dangerous uptick in inflation and appears bound to drop sharply this year. Turkey
In Turkey, high inflation drives home sales The demand on Turkey’s housing market, stoked by a rush to protect savings from soaring inflation, is likely to increase despite skyrocketing prices unless inflation shows signs of easing. Turkey
Ukraine crisis exposes Turkey’s limits The Ukraine crisis has exposed Ankara’s limits on foreign policy, yet Turkey’s President Erdogan can still score points from rapprochement with the UAE and Israel. Turkey
Analysis Turkish company disqualified from tender to operate Israel’s Haifa port Israeli intelligence agencies fear that a French-Lebanese company, associated with Turkish company Yilport, which is interested in operating the Haifa port, could be affiliated with Hezbollah. By Danny Zaken In Ma'ale HaHamisha, reporting on Israel
Analysis Israel-Turkey ties warm in diplomacy, security Ahead of the visit to Ankara of President Isaac Herzog, Turkey multiplies its goodwill gestures toward Israel. By Ben Caspit In Tel Aviv, reporting on national security, Israeli politics, defense
Turkey's economy to be hit hard by Fed's expected interest rate hikes Expected interest rate hikes by the US Federal Reserve to rein in inflation will deal further blows to Turkey’s economic turmoil. Turkey
Turkey’s producers face tough choices after staggering energy hikes Industrial enterprises in crisis-hit Turkey have faced energy price hikes of up to 400% over a year, atop other economic blows, and many might not survive the turmoil, experts warn. Turkey
Erdogan on UAE visit to end isolation, secure funding The Turkish president seeks to bolster Turkey's ties to the Arab world. Turkey
Popular anger simmers in Turkey over ballooning electricity bills Electricity bills have doubled and even tripled in Turkey after massive price hikes, fueling frustration with Erdogan’s economic management. Turkey
