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

Turkish honour guards march during a changing of the guard ceremony at Anitkabir, the mausoleum of modern Turkey's founder Mustafa Kemal Ataturk, in Ankara, Turkey, April 28, 2019. REUTERS/Murad Sezer - RC1E4FF90800

Turkish military’s pension fund thrives amid economic crisis

The Turkish military’s pension fund, OYAK, has embarked on a major expansion, taking advantage of business opportunities amidst the country’s economic crisis. But how long will Recep Tayyip Erdogan’s acquiescence last?

Libya is only small part of Turkey’s ambitious Africa overture

Although Turkey’s moves in Libya capture a lot of headlines these days, Ankara has been busy on other fronts in Africa.

Why risky Istanbul airport gets preferential treatment

Turkish authorities are scrambling to prop up Istanbul’s new airport as the costly facility faces various strains that might result in major burdens on public finances.

Don't believe media buzz about Arab buying spree in Turkey

The Turkish press often trumpets enormous flows of Arab money into Turkey, but the data paint a different picture.

Turkey’s taxpayers in dark over bill of big investment projects

Multibillion-dollar investment projects, built as public-private partnerships, have begun to put major burdens on Turkey’s budget, but taxpayers, the parliament and even auditing authorities remain in the dark on financial risks that might haunt the country for years.

DOHA, QATAR - NOVEMBER 25: Turkeys Foreign Minister Mevlut Cavusoglu and Qatari counterpart Mohammed bin Abdulrahman Al-Thani take part in an agreement signing ceremony, held after inter-delegation working meal with Turkish President Recep Tayyip Erdogan and Emir of Qatar Tamim bin Hamad Al Thani in Doha, Qatar on November 25, 2019.

(Photo by Mustafa Kamaci/Anadolu Agency via Getty Images)

Turkey sees greater partnership with Qatar than is apparent

Turkey's commercial gains from its partnership with Qatar have been modest and the media fanfare over fresh bilateral accords is hard to comprehend.

Why Turkish government turned a blind eye to draining, excavation of Ice Age lake

Turkish authorities allowed an excavation and draining of the 12,000-year-old Fathomless Lake in pursuit of a rumor that there was Roman treasure on the lake bottom. The lake was drained, revealing no treasure.

Trump and Erdogan: A transatlantic love affair

Presidents Recep Tayyip Erdogan of Turkey and Donald Trump of the United States get along very well but appear to achieve little for the countries' long-term relationship.

Turkish Central Bank suffers big credibility loss

The Turkish Central Bank’s obedience to the government, both in terms of monetary policy and interventions in the foreign exchange market, is badly damaging its credibility among foreign investors, the ultimate cost of which will be borne by the crisis-hit economy.

People withdraw money from an ATM at the main shopping and pedestrian street of Istiklal in central Istanbul, Turkey January 30, 2016. Inflation has become Turkey's biggest economic challenge, hitting the pockets of ordinary people even as President Tayyip Erdogan and the ruling party have built their reputation largely on economic growth and stability. Picture taken January 30, 2016. REUTERS/Murad Sezer - GF10000296838

Turkish regulator aims to hasten banking sector recovery as loan market remains weak

A Turkish regulator instructed banks to write off $8.1 billion in bad debt, but analysts question whether the delayed move will suffice when it comes to reviving the nation’s troubled loan market.

A police oficer stands next to an unmanned aerial vehicle (UAV) during Teknofest airshow at the city's new airport under construction in Istanbul, Turkey September 22, 2018. REUTERS/Umit Bektas - RC1D5D404840

Turkish drones in Libya are a strategic and family affair

Drones manufactured by the company of the Turkish president’s son-in-law been prominently involved in what has become a proxy war between Turkey and the UAE in Libya.

United Arab Emirates

Turkey's Central Bank headquarters is seen in Ankara January 24, 2014. Turkey received a vote of confidence in its underlying economic health on Thursday, with foreign investors lapping up a $2.5 billion eurobond issue even as a corruption scandal swirled and the central bank intervened to prop up the lira. The graft investigation, one of the biggest threats to Prime Minister Tayyip Erdogan's 11-year rule, has shaken Turkey in recent weeks, helping send the lira into a tailspin and heightening uncertainty a

Ankara’s economic measures risk scaring off foreign banks

Foreign-capital banks operating in Turkey are growing uneasy over economic measures aimed at pushing lenders to toe the line with government policies.