Turkish economy

Canada's Prime Minister Mark Carney (R) is welcomed by Turkey's Treasury and Finance Minister Mehmet Simsek upon arrival at Esenboga Airport to attend the 36th NATO Heads of State and Government Summit in Ankara on July 7, 2026. (Photo by Muhammed Abdullah Kurtar / POOL / AFP via Getty Images)

Canada, Turkey launch free trade talks on NATO summit sidelines

Trade between the two countries stood at $4.3 billion in 2025, and officials from both countries will meet to lay the groundwork for the first FTA negotiations.

Syrian textile employees work in a textile workshop in Gaziantep, Turkey, on Jan. 30, 2025.

Explainer

Turkey eases job rules for 1M+ Syrians under temporary protection: What to know

The move, part of a broader easing of restrictions on Syrians living in Turkey, could allow roughly 1.1 million working-age Syrians to enter registered employment more easily as Ankara seeks to reduce informal labor and address workforce gaps.

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

Venezuelan acting President Delcy Rodriguez visited Turkey as part of Caracas' post-Maduro diplomatic outreach, seeking to deepen ties with Ankara in energy, trade and mining despite the continued constraints of remaining US sanctions.

OLE BERG-RUSTEN/NTB/AFP via Getty Images

Turkey’s NATO pipeline bid fuels rivalry with Greece: What to know

Ankara says the project would be faster and cheaper than alternatives, but rival routes could sharpen competition with Greece over eastern flank logistics.

Latest News

Turkey, Armenia to launch direct trade in normalization push: What to know

Turkey’s President Recep Tayyip Erdogan, right, and Armenia’s Prime Minister Nikol Pashinyan shake hands before a meeting at Prague Castle in Prague, Czech Republic, Thursday, Oct. 6, 2022.

Analysis

Iraq’s Zaidi offers economic promise for Turkey but unknowns loom

Zaidi

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey’s Baykar tests K2 swarm kamikaze drones for first time: What to know

CORLU, TURKEY- MARCH 2: A B model of Bayraktar AKINCI TİHA (Assault Unmanned Aerial Vehicle) in the sky on March 2, 2022 in Corlu, Turkey. (Photo by Baykar Press Office/dia images via Getty Images)

Analysis

How the Iran war is giving Turkey's Erdogan a big boost

Turkey’s President Recep Tayyip Erdogan speaks to MPs at his party's group meeting in the Turkish parliament on Jan. 21, 2026 in Ankara, Turkey.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

People shop in a street around Istanbul's famous Grand Bazaar on May 05, 2022, in Istanbul, Turkey.

Turkey’s growing current account gap exacerbates lira weakness

A widening current account deficit, coupled with $181 billion in short-term external debt liabilities and plunging foreign investments, portend further currency woes for Turkey.

Burak Kara/Getty Images

Turkish consumer inflation soars to 73.5%

Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Could Turkey-Israel rapprochement lead to gas agreement?

The Cyprus conflict stands as a major stumbling block before potential plans to carry Israeli gas to Europe via Turkey.

Israeli Foreign Minister Yair Lapid (R) in joint statements with Turkish Foreign Minister Mevlut Cavusoglu (L).

Visiting Israel, Turkish foreign minister rehabilitates bilateral ties

After two years of Turkish courtship, and with Turkish Foreign Minister Mevlut Cavusoglu now on a historic visit to Israel, Jerusalem is willing to rehabilitate bilateral relations.

Egypt's Deputy Foreign Minister Hamdi Sanad Loza (background) meets with his Turkish counterpart Sedat Onal (Foreground).

Turkey's foreign policy reset sign of Brotherhood's dwindling influence

In addition to economic concerns, the Muslim Brotherhood's dwindling influence in the region and new regional order emerged after the Abraham Accords forced Ankara to mend ties with Egypt.

ADEM ALTAN/AFP via Getty Images

Turkey’s middle class priced out of home ownership

Buying a home has become an elusive dream even for middle-class professionals in Turkey as the country’s economic woes erupt into a perfect storm over the housing market.

Turkish Airlines Airbus A321 takes off.

Airport wars flare up in Turkey amid claims of Gulf acquisition

A row over the fate of Istanbul’s iconic Ataturk Airport has escalated in Turkey amid opposition claims that a plan to demolish the facility is designed to gratify Gulf investors interested in operating the city’s newer airport.

Obsolete Turkish lira banknotes.

Turkish lira continues to fall

Turkey is in the midst of an economic crisis marked by high inflation.

Adam Lucente

By Adam Lucente

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

A real estate advertising offers apartments and houses with the view on the canal, in the small coastal village of Karaburun, near Istanbul, on June 12, 2018.

Erdogan’s home loan incentives threaten to fan inflation

A further increase in already skyrocketing home prices appears inevitable in Turkey following Erdogan’s announcement of loan incentives, a move that many pundits see as pouring fuel on the inflation fire.

Afghan refugees

Turkey’s potential xenophobia goes beyond Syrian refugees

Growing popular resentment of refugees and migrants is on course to become the second hot-button election topic in Turkey after the economic crisis, but the government is not in a position to force the return of Syrians, the main component of the problem.

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.