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

OZAN KOSE/AFP via Getty Images

Wealthy Turks drive consumption despite soaring inflation

A well-off minority is the driving force behind vibrant consumption in Turkey, but the party might not last long as inflationist pressures increase and the country’s current account deficit widens.

Chris McGrath/Getty Images

Turkey’s inflation spirals out of control

Soaring prices lie at the core of Erdogan’s sagging popular support and he seems to have few tools to curb the unruly uptick.

Turkish market

Turkey's ruling party elites love to splurge while preaching frugality

Turkey's Justice and Development Party is preaching belt-tightening to a suffering public, but will party leaders' often profligate spending cancel out the economic — and political — message?

Cavusoglu and Lavrov

After gestures to US, Turkey turns to placating Russia

Turkey is back to its balancing act between Moscow and Washington after a series of moves to win favor with the Biden administration at the expense of irritating Russia.

Tourists have a meal at a restaurant at Sultanahmet in Istanbul on May 9, 2021, during a new lockdown aimed at fighting a surging third wave of COVID-19 infections.

Turkey's virus-related curfew ends

Turkey's COVID-19 cases have dropped considerably, and the percentage of people who have received a vaccine dose more than doubled in June.

Turkish President Recep Tayyip Erdogan (2nd L) gives an award to Ronesans Holding Member of Board Ferit Seyfi Yagmuroglu (2nd R) during Turkey's 500 Largest Service Exporters Award Ceremony in Istanbul, Turkey, on Dec. 21, 2018.

Turkish-Danish hospital deal might be more than meets the eye

A Turkish company known as a presidential favorite is ceding its lucrative hospital operation business, a move observers believe is driven not only by financial hardship but also apprehension over Erdogan’s political future.

People wearing protective masks shop at a local market, amid the coronavirus pandemic, Ankara, Turkey, Feb. 22, 2021.

Official data lays bare deepening poverty in Turkey

With economic disparities worsening amid the coronavirus pandemic, Turkey’s poverty rate has increased 0.6 points to 21.9% of the population.

Turkey's President Recep Tayyip Erdogan (L) and US President Joe Biden (R) attend a bilateral meeting on the sidelines of the NATO summit at the North Atlantic Treaty Organization (NATO) headquarters in Brussels on June 14, 2021.

Turkish lira dives after inconclusive Erdogan-Biden meeting

Propelled by optimism over a possible S-400 missile compromise, Turkey’s lira slid Tuesday after the first meeting between US President Joe Biden and Turkish President Recep Tayyip Erdogan ended without clear progress.

President of Turkey Recep Tayyip Erdogan arrives to give a press conference after a Cabinet meeting at the Presidential Complex in Ankara, Turkey, on Sept. 21, 2020.

At his weakest moment, Erdogan to meet Biden

The forthcoming Erdogan-Biden meeting on June 14 comes at a time when Erdogan is experiencing his weakest term in his very long reign.

S-400 launch in southern Russia

US, Turkey still far off on deal over Russian S-400 missiles

Is any feasible deal on the S-400 deployment in Turkey in the works?

A photograph taken on May 26, 2021 in Istanbul shows on a mobile phone Sedat Peker speaking on his youtube channel.

Arrest warrant issued for exiled mobster who promises to 'ruin' Turkish officials

Turkish prosecutors issued an arrest warrant Thursday for exiled mobster Sedat Peker, whose video exposes have implicated high-level officials and left ruling party insiders struggling to respond.

Erdogan speaks at parliament

Erdogan swats aside mobster, stands behind interior minister

President Recep Tayyip Erdogan backs his interior minister, who has been facing allegations made by a Turkish mobster living abroad, and says he will not call early elections.