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

BRUSSELS, BELGIUM - JULY 12: Turkish President Recep Tayyip Erdogan arrives at the 2018 NATO Summit at NATO headquarters on July 12, 2018 in Brussels, Belgium. Leaders from NATO member and partner states are meeting for a two-day summit, which is being overshadowed by strong demands by U.S. President Trump for most NATO member countries to spend more on defense. (Photo by Jasper Juinen/Getty Images)

Erdogan sneers at Trump as Turkey lines up new friends

Turkish President Recep Tayyip Erdogan lashed out at US President Donald Trump in what some analysts say is a bid to scapegoat the United States for an impending economic collapse, but he's more likely motivated by the ongoing probes into Turkey's Halkbank.

A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar - RC1EF7A7FF30

Mainstream Turkish media turn blind eye to country’s worst currency crisis

Although Turkey is suffering one of the worst currency crises in its history, no single mainstream Turkish media outlet has covered the development.

Turkey's President Tayyip Erdogan arrives for a group picture at the BRICS summit meeting in Johannesburg, South Africa, July 27, 2018. Gianluigi Guercia/Pool via REUTERS? - RC11D75C1B70

Despite its tough rhetoric, Turkey seeks way out of pastor impasse

President Recep Tayyip Erdogan says there is no problem with Washington that can’t be solved by focusing on the strategic partnership.

Turkey’s economy struggles with new political reality

Turkey’s economic downturn has only grown worse since President Recep Tayyip Erdogan assumed sweeping new powers after the June polls, as some observers fear that the economy might not be Ankara’s primary concern.

Turkey's newly appointed Minister of Treasury and Finance Berat Albayrak swears in at the Grand National Assembly of Turkey (TBMM) in Ankara, Turkey on July 10, 2018. (Photo by ADEM ALTAN / AFP) (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Turkey declines to raise interest rates, sending lira on another tumble

Turkey's Central Bank has decided to keep interest rates where they are, surprising investors and dashing hopes that Turkish policies might evolve to meet the country's dismal economic reality.

Turkey’s battered lira takes another hit

Turkey's currency has sunk to a record low after President Recep Tayyip Erdogan said he expects interest rates to fall despite warnings a crisis looms as the country struggles under its burden of debt.

Turkish President Tayyip Erdogan's son-in-law and newly appointed Treasury and Finance Minister Berat Albayrak (L) and Interior Minister Suleyman Soylu stand next to each other during a presser at the Presidential Palace in Ankara, Turkey July 9, 2018. REUTERS/Umit Bektas - RC1A333464E0

Erdogan son-in-law takes Finance Ministry post with promises, hush orders

Turkey’s newly re-elected President Recep Tayyip Erdogan has promoted his son-in-law in law to finance minister among other steps to tighten control over the country's economic policies.

The unorthodox theory behind Erdogan's monetary policy

Economists and investors are not buying the controversial economic theory invoked by Turkey’s president to justify low interest rates in the face of high inflation and the lira's collapse.

Bowing to market pressure, Turkey's Central Bank hikes rates

The Turkish currency's nosedive continues, with the nation's Central Bank hamstrung by President Recep Tayyip Erdogan's resistance to intervention.

A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar - RC1EF7A7FF30

Turkish lira in tailspin as Erdogan spooks investors

Clinging to unorthodox economic views, Turkey’s president has effectively paralyzed the central bank as the Turkish lira’s meltdown continues, threatening major economic turmoil.

Turkey welcomes back foreign cash, no questions asked

Scrambling to ease a bruising hard currency crunch, the Turkish government has enacted a wealth amnesty bill that opens the door to the repatriation of shadowy money from abroad.

Turkey's Minister of Economy Nihat Zeybekci speaks at the Vietnam-Turkey Business Forum in Hanoi on August 24, 2017.
Turkey's Prime Minister Binali Yildirim and Zeybekci are on a three-day official visit to Vietnam focused on fostering closer bilateral ties. / AFP PHOTO / HOANG DINH Nam (Photo credit should read HOANG DINH NAM/AFP/Getty Images)

Turkey stands to suffer under new US sanctions on Iran

Turkey might have a tough time dealing with pending US penalties against Ankara's trading partner Iran.