Turkish economy

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.

Latest News

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

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

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

ADEM ALTAN/AFP via Getty Images

Analysis

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

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)

Ezgi Akin

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

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.

People look at exchange rates outside an exchange office, Ankara, Turkey, Feb. 23, 2022.

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.

ADEM ALTAN/AFP via Getty Images)

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.

Customers stand at the counter of an exchange office, Ankara, Turkey, Feb. 23, 2022.

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.

Ukrainian servicemen patrol in the settlement of Troitske in the Lugansk region near the front line with Russia-backed separatists on Feb. 22, 2022, a day after Russia recognised east Ukraine's separatist republics and ordered the Russian army to send troops there as "peacekeepers".

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.

Cargo ships are moored along a dock at the port of Haifa, Israel, June 24, 2021.

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.

Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

Senior Turkish delegation hosted at the Foreign Ministry in Jerusalem for bilateral talks, Feb. 17, 2022.

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.

In Tel Aviv, reporting on national security, Israeli politics, defense

Turkey economy

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.

People hold up their electricity bills as they protest against high energy prices in Ankara on Feb. 9, 2022.

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.

Turkish President Recep Tayyip Erdogan is received by Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan, Feb. 14, 2022, in the UAE.

Erdogan on UAE visit to end isolation, secure funding

The Turkish president seeks to bolster Turkey's ties to the Arab world.

Turkey electricity

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 protest

Turkish unemployment down at end of 2021

Turkey is in the midst of an economic crisis, marked by historically high inflation. The government has misled the public with its unemployment figures in the past.

Al-Monitor Staff

By Al-Monitor Staff

Delivery couriers of Yemeksepeti demonstrate to demand higher wages in front of the company's headquarters in Istanbul, on Feb. 5, 2022.

Turkey’s food delivery couriers latest to strike amid economic crisis

A spate of industrial action from courier drivers comes as they step into an important gap created by COVID isolation.