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

BULENT KILIC/AFP via Getty Images

Bowing to Erdogan’s pressure, Turkish Central Bank makes risky rate cut

Turkey’s Central Bank has delivered a rate cut long sought by the president, who's counting on stimulating economic growth to patch up his sagging popular support.

A student sleeps in front of Gumushane University in Gumushane, Turkey, Sept. 20, 2021.

Turkish university students camp in parks to protest rent hikes

Citing trouble finding affordable housing ahead of the fall semester, student groups across Turkey are organizing campout events in protest of rising rental prices.

People look at military weapons on May 9, 2017, during the opening day of the 13th International Defense Industry Fair in Istanbul.

Turkey’s defense industry suffers setback but future remains promising

The Turkish defense industry saw a significant decline in its revenues last year according to newly released data, but companies in the sector remain optimistic about their growth prospects.

A container ship sails to marmara sea on Dec. 18, 2019 in Istanbul.

Is Turkey’s export-driven growth sustainable?

Turkey’s industry remains heavily reliant on imported materials, meaning the country’s current account deficit problem persists despite a record increase in exports.

Pedestrians walk on Istiklal Street, the main shopping street in Istanbul, on the fourth day of the Eid-al-Adha holiday on July 23, 2021.

Turkey’s record growth rate belies murky economic prospects

Eager to woo back disgruntled voters, Erdogan appears bent on stimulating economic growth at the risk of stoking Turkey’s currency troubles.

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (L) shakes hands with Turkey's Prime Minister Recep Tayyip Erdogan before a meeting in Ankara on Feb. 28, 2012.

Iraqi Kurdish leader helps ease Turkey-UAE tensions

Iraqi Kurdistan President Nechirvan Barzani helped facilitate a recent phone call between Abu Dhabi Crown Prince Mohammed bin Zayed and Turkish President Recep Tayyip Erdogan.

Sheikh Tahnoun bin Zayed al-Nahyan and Erdogan

How far might Turkey, UAE reach in fence-mending bid?

Turkish President Recep Tayyip Erdogan's reception of the UAE national security adviser has raised the prospect of a reset in acrimonious bilateral ties.

People come out from a metro station at Laleli in Istanbul, on March 22, 2021

Turkey’s external debt drops $25 billion at a stroke

The jury is still out on Turkey’s downward revision of short-term external debt, but similar revisions that improved GDP figures in the past have cast doubt on the credibility of Ankara’s economic data.

Men smash up shops and homes believed to be owned by Syrian families during an unrest, in Ankara, on Aug. 12, 2021 overnight.

Syrian homes, businesses destroyed in Turkish capital amid rising anti-immigrant sentiment

At least 76 people have been detained in connection with the rampage.

exchange agency in Istanbul

Erdogan plays with fire to spur economic growth

The Turkish president’s insistence on spurring growth despite mounting inflation and the risk of further dollarization is a further invitation to continued economic turmoil.

A photograph taken on May 26, 2021, in Istanbul shows Sedat Peker speaking on his YouTube channel.

Turkey’s ruling 'White Party' turning gray, critics say

Recent allegations stand in contrast to the ruling Justice and Development Party's pledges to rid Turkey of systemic corruption.

A man counts Turkish Lira at a currency exchange office on July 29, 2020, in Istanbul, Turkey.

Ill-conceived borrowing scheme costs Turkey double

The cost of Ankara’s domestic borrowing in hard currency and gold is estimated to have hit nearly 32% per annum amid the slump of the Turkish lira, more than doubling the cost of borrowing in liras.