Turkish economy

A woman opens the UBER application on her mobile phone at the Eminonu district on March 30, 2018 in Istanbul.

Uber announces $200M technology center in Turkey: What to know

The new site in Istanbul will join Uber’s other global tech centers located outside the United States in Brazil, India and the Netherlands.

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.

Latest News

Turkey sees FDI rise 58% as investor confidence returns

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

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.

Turkey TV

Can Ankara-Riyadh rapprochement help improve Turkey-Egypt ties?

Although Ankara has secured several diplomatic strides by normalizing its relations with Saudi Arabia and the United Arab Emirates, rapprochement with Egypt still seems a challenging prospect.

Turkish Prime Minister Recep Tayyip Erdogan (L) takes part in an exhibition football match.

Culture

Turkish soccer in dire straits due to economic crisis, power struggles

Turkey’s soccer sector has hit rock bottom as power struggles as well as financial and structural difficulties set in.

Inflation soared to nearly 70% (69.97%) over one year in April in Turkey.

Turkish inflation jumps from 20% to 70% in just six months

Even if monthly price increases ease to an average of 5% in the coming months, Turkey would face an annual consumer inflation of over 100% in the fall and finish the year with a rate of some 90%.

Turkey electricity

Turkish opposition leader loses electricity as he protests high prices

Turkey’s main opposition leader Kemal Kilicdaroglu’s one-family resistance to protest exorbitant electricity price hikes has garnered large support from the public.

ADEM ALTAN/AFP via Getty Images

Ankara’s interest liabilities balloon to dizzying heights

The ratio of the Turkish government’s interest liabilities to its principal domestic debt has hit a staggering 117%, up from 60% last year.

Georgian border guards work at the Darial Gorge (Verkhniy Lars) border crossing, March 1, 2010.

Russian invasion of Ukraine slams Turkey’s transportation industry

Traffic at the Turkish border crossings have come to a grinding halt after trucks en route to Russia, Belarus and Central Asia diverted routes to Turkey and Georgia following Russia’s invasion of Ukraine.

An aerial view taken on April 12, 2022, shows the city of Mariupol, during Russia's military invasion launched on Ukraine.

Analysis

The Takeaway: Ukraine war worsens Middle East oil gap

Sudan’s Burhan accuses UN envoy; Egypt increases support for Sudan; Libya cracks down on human rights activists; Turkey’s farmers face economic pinch; Islamic State uses dust as cover in Iraq … all in less than 1,200 words!

Andrew Parasiliti

Elizabeth Hagedorn

By Andrew Parasiliti , Elizabeth Hagedorn

A customer leaves a currency exchange agency near Grand Bazaar in Istanbul, on Dec. 2, 2021.

Inflation storm worsens Turkey’s income distribution gap

Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses.

Guests attend the DHL E-Commerce forum during the Mercedes-Benz Istanbul Fashion Week at Zorlu Performance Hall on Sept.14, 2018, in Istanbul, Turkey.

Online shopping in Turkey took off in 2021

The jump coincides with growth in Turkey’s fintech sector, but e-commerce faces some challenges.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

People break their fast on May 16, 2018, near Taksim Square in Istanbul.

Ramadan becomes political battleground in Turkey

Lavish Ramadan gatherings by Turkey's ruling party have fueled public outrage amid staggering inflation and skyrocketing prices.

Workers collect onions during the harvest on a farm, in the Polatli district of Ankara on Aug. 6, 2019.

Turkey’s farmers call for urgent support as food alarm grows

Turkey’s agricultural producers are grappling with exorbitant cost increases that threaten further blows to the country’s food production amid an already galloping inflation.

Tunisian President Kais Saied (R) arrives with Turkish President Recep Tayyip Erdogan.

Erdogan’s statements shake Tunisian-Turkish ties

Diplomatic and economic relations between Tunisia and Turkey are at stake in the wake of statements by Turkish President Recep Tayyip Erdogan following President Kais Saied’s decision to dissolve parliament.