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

A child plays under the heavy smoke of factories in Dilovasi, Nov. 7, 2006.

Paris climate accords to take effect in Turkey next week

Turkey was relatively late to implement the global climate agreement, but President Erdogan felt compelled to do so following severe wildfires and floods this year.

People shop at an open-air market in Ankara.

Turkish inflation nears 20% on rising food, energy costs

While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global energy costs.

Turkey economy

Interest payments top education, healthcare in Ankara’s 2022 budget

Funds allocated to interest payments account for 13% of all spending in Ankara’s draft budget for next year, outstripping education and healthcare spending.

Burak Kara/Getty Images

Energy prices threaten to aggravate Turkey’s economic woes

Natural gas prices have shot up in Turkey, where heavy reliance on foreign energy sources leave the economy vulnerable.

People line up to exchange money at a currency exchange office on Oct. 14, 2021, in Istanbul, Turkey.

Global finance watchdog adds Turkey to grey list

Amid high inflation, widespread youth unemployment and deepening poverty, the country's economic situation is looking increasingly grim

A currency exchange office worker counts Turkish lira banknotes.

Is Ankara capitulating to or allowing lira’s depreciation?

Turkey’s central bank shocks financial markets with a bigger-than-expected rate cut, overriding concerns over the slump of the Turkish lira and its bruising impact on the economy.

Customers wait in front of a currency exchange agency as a screen shows rates near the Grand Bazaar, in Istanbul, on March 22, 2021.

Turkey’s vulnerable lira plunges to record low after central bank sackings

In a midnight decree, President Recep Tayyip Erdogan rid the central bank of key bureaucrats who opposed his calls for lower interest rates ahead of next Thursday’s key meeting.

Turkish President Recep Tayyip Erdogan attends a meeting with Russian President in Sochi on Sept. 29, 2021.

Is Erdogan’s Communications Directorate failing him?

Fancy buildings and growing budgets at Turkey's Communications Directorate have failed to improve Erdogan’s global image. Growing rumors about his health and discussions over possible transition figures are a red flag for Turkey’s economic and political welfare.

Turkey garbage

Istanbul’s war on street waste collectors threatens migrants

Police raids on the unregulated recycling sector are targeting some of the poorest members of Turkish society, including undocumented refugees with few other options to survive.

A shop owner selling Turk Telekom phone lines is pictured holding a phone in the northern city of Azaz.

Turkish sovereign wealth fund reportedly considering stake in Turk Telekom

Ankara’s sovereign wealth fund may be seeking to acquire a majority stake in Turk Telekom, having already gained control of Turkey’s largest mobile phone operator.

Students sit in for affordable housing in Izmir, Turkey, on Sept. 28, 2021.

Turkish students continue protests despite arrests, Erdogan’s accusations

University students in Turkey continue their protests for access to dorms and affordable rentals, despite police pressure and Erdogan’s denial of a dorm problem.

People stand in front of a exchange office at Laleli in Istanbul, on March 22, 2021.

Turkish lira drops to near record lows after Central Bank trims policy rate

The move came following pressure from the Turkish president.