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

Erdogan in Germany: A controversial but successful visit

Turkish President Recep Tayyip Erdogan's visit to Germany has been an achievement as he managed to return to Turkey without committing himself to improve the human rights and democracy record of his country while getting what he wanted.

People stroll inside a shopping mall in Istanbul March 7, 2012. REUTERS/Osman Orsal (TURKEY - Tags: BUSINESS) - LR2E837133A1C

Turkey’s glitzy shopping malls in dire straits amid currency woes

Turkey’s once bustling shopping malls are grappling with severe financial woes, with many facing an uncertain future.

Protesters watch a film in Gezi park in Istanbul's Taksim square early June 14, 2013. Turkish protesters said on Friday Prime Minister Tayyip Erdogan had pledged not to push ahead with plans to redevelop an Istanbul park until a court ruled on the project, in what they heralded as a positive sign after two weeks of protest. REUTERS/Osman Orsal (TURKEY - Tags: CIVIL UNREST POLITICS) - GM1E96E10DE01

'Gezi generation' flees Turkey

Well-educated, qualified young people from Turkey’s “Gezi generation,” which led mass anti-government protests in the summer of 2013, are increasingly emigrating to the West, having lost hope in the future of their country.

People shop at the Spice market, also known as the Egyptian Bazaar, in Istanbul, Turkey August 17, 2018. REUTERS/Murad Sezer - RC1261C678C0

Low-income Turks take early crisis blows

Turkey’s economic turmoil is already bruising millions of minimum wage earners, who are grappling with a flurry of price hikes and the prospect of losing jobs.

Turkey's Central Bank defies Erdogan, hikes interest rates

Despite Turkish President Recep Tayyip Erdogan's vehement opposition to raising interest rates, the country's Central Bank took the move today that economists say is long overdue to address alarming inflation.

Erdogan's popularity plunges with lira

Turkish President Recep Tayyip Erdogan’s approval rating has reportedly tanked in line with the country's economy.

Surging inflation tightens circle around Turkish economy

Having hit 18% in August, Turkey’s inflation is expected to continue rising in the coming months, coupled with the prospect of stagnation.

Workers handle steel cables at Turkish steel manufacturer ISDEMIR in Iskenderun in Hatay province May 6, 2010. REUTERS/Umit Bektas (TURKEY - Tags: EMPLOYMENT BUSINESS) - GM1E6561J5Y01

Congress dangles Turkey trade deal as carrot to Trump’s stick

Lawmakers are floating a free trade agreement with Turkey as the president doubles steel and aluminum tariffs on Ankara for its ongoing detention of a US pastor.

FSA takes hit with slump of Turkish lira

The collapse of the Turkish lira paralyzed markets in Operation Euphrates Shield areas and is harming the livelihood of more than 100,000 families.

People withdraw money from a bank ATM in Izmir, Turkey August 18, 2018. REUTERS/Osman Orsal - RC1CDE255B70

Ankara startles banks as indebted companies hope for lifeline

Ankara’s apparent intention to dictate "tolerance" by banks toward heavily indebted companies has raised concerns in the banking sector and potential rescue plans lack real financing options.

Can Qatar and Germany save Turkey’s economy?

The Turkish lira was up a few points after Qatar's leaders pledged to help Turkey and German Chancellor Angela Merkel made some positive statements, but will this be enough to get Turkey through its currency crisis?

A portrait of rights group NGO Amnesty International's chairman in Turkey Taner Kilic is hung on June 6, 2018 on the fence of the historic French stock market building "Palais Brongniart" in Paris, to protest against Kilic's custody since a year for allegedly belonging to the movement led by an US-based Muslim preacher, whom Turkey accuses of ordering the 2016 coup bid. (Photo by FRANCOIS GUILLOT / AFP) (Photo credit should read FRANCOIS GUILLOT/AFP/Getty Images)

Ankara frees Amnesty International chair

Amnesty International's Turkey chair Taner Kilic was finally freed today as Turkey looks to Europe for help with its financial woes.