Turkish economy

A woman opens the UBER application on her mobile phone at the Eminonu district on March 30, 2018 in Istanbul.

Uber announces $200M technology center in Turkey: What to know

The new site in Istanbul will join Uber’s other global tech centers located outside the United States in Brazil, India and the Netherlands.

Tufan Erhurman and his wife, Nilden Erhurman, celebrate on stage after their victory in the Turkish Cypriot leadership election in the self-proclaimed Turkish Republic of Northern Cyprus on Oct. 19, 2025.

Analysis

Turkish Cypriot polls: Winner not Ankara’s pick but can aid Turkey

Even though Ankara’s preferred candidate lost in Turkish Cypriot elections, the outcome could ironically work in Turkey’s favor.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

President Recep Tayyip Erdogan arrives in Oman’s capital, Muscat, to pay an official visit at the invitation of Sultan Haitham bin Tariq Al Said of Oman on Oct. 22, 2025.

Analysis

Turkey strengthens defense, energy ties following Erdogan’s Gulf tour

The Turkish president’s Gulf tour saw the signing of over a dozen agreements to strengthen military ties, diversify energy sources and expand economic partnerships amid regional instability.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

SAFIN HAMID/AFP via Getty Images

Erdogan heads to Gulf as Turkey looks to ease energy dependence on Russia

The Turkish president will visit Kuwait, Oman and Qatar to strengthen economic ties, boost regional diplomacy and sign a series of agreements.

Latest News

Turkey sees FDI rise 58% as investor confidence returns

Ferries sail on Bosphorus in Istanbul, on August 29, 2025, next to the 15 July Martyrs Bridge, known as Bosphorus bridge.

Supreme Court clears path for Turkey’s Halkbank trial over Iran sanctions

People walk past a branch of Turkish bank HalkBank on Dec. 1, 2017 in Istanbul, Turkey.

Analysis

Jet lag: Turkey weighs alternatives as US sanctions stall Kaan engine imports

Turkish air force fighter jets fly over a parade during celebrations marking the 50th anniversary of Turkey's invasion of Cyprus on July 20, 2024, in occupied northern Nicosia, Cyprus.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey scraps tariffs on some US imports ahead of Erdogan-Trump meeting

US President Donald Trump (L) and Turkey's President Recep Tayyip Erdogan (R) leave the stage after the family photo to head to the plenary session at the NATO summit at the Grove hotel in Watford, northeast of London.

Turkish minister of Treasury and Finance Mehmet Simsek is surrounded by journalists after making a statement during the group meeting of Justice and Development (AK) Party at the Turkish Grand National Assembly in Ankara, on June 21, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

How Turkey's economic, inflation policy hinges on upcoming local elections

The outcome of Turkey’s March 31 local polls is likely to influence Erdogan’s decision on whether to enact the tough disinflation measures favored by the economic leadership.

A teller holds Turkish lira banknotes at a currency exchange office in Istanbul, Aug. 13, 2018.

Breaking | Last Updated: March 21, 2024, 12:45 pm

In surprise move, Turkey’s Central Bank hikes interest rates to 50%

The move comes after the bank announced last month that it was pausing the hikes.

US Secretary of State Antony Blinken takes part in a meeting with Turkey's foreign minister, Hakan Fidan, in Washington, DC, on March 8, 2024.

Analysis

New visits, full momentum: Can Turkey and US go beyond transactionalism?

US-Turkey ties are heading in a positive direction, but it’s too soon to be optimistic, according to one expert.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkish Minister of Foreign Affairs Hakan Fidan speaks during a press conference at the Ministry of Foreign Affairs of Venezuela in Caracas on Feb. 24, 2024.

Turkey’s Fidan to meet Blinken in Washington as US ties strengthen

Hakan Fidan's meeting with Blinken comes on the heels of his meeting with Russian Foreign Minister Sergey Lavrov at the Antalya Diplomatic Forum.

Chris McGrath/Getty Images

Turkey's annual inflation surges to 15-month high of 67%

With Turkey's annual inflation at 67%, a 15-month high, analysts argue that the Central Bank will need to resume monetary tightening.

Member of the Taliban delegation Khairullah Khairkhwa (R) arrives at Ankara Esenboga Airport on Oct. 14, 2021.

Can Turkey-Afghan trade ties bloom despite lack of recognition for Taliban?

Turkey's Foreign Minister Hakan Fidan attends the joint press conference of presidents of Turkey and Iran in Ankara, on January 24, 2024. (Photo by ADEM ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Turkey’s Fidan set to visit Venezuela and meet Maduro

The Turkish foreign minister is set to make his inaugural visits to Venezuela and Mexico in his capacity as his country’s top diplomat.

Turkish Central Bank Governor Fatih Karahan speaks at the bank's first meeting of the year, Ankara, Feb. 8, 2024.

Turkey’s Central Bank holds interest rates at 45%, first time in 8 months

The move was widely expected as the bank signaled earlier this month that it would pause the hikes.

China Railway Express Chang'an freight train arrives at the Ankara train station, Turkey, on November 6, 2019. The first freight train, "Trans-Caspian China Railway Express", departing from China and going to Europe by using Marmaray, was sent off at Ankara Station.

Can Turkey, Iraq pull off 'Dry Canal' project?

While experts believe the ‘Dry Canal’ project involving road and rail networks faces an uphill battle, the initiative seems to stand a better chance than its alternatives.

Turkish Central Bank Governor Fatih Karahan gestures as he speaks during the first meeting of the year in Ankara, Feb. 8, 2024

Turkey’s new Central Bank chief says new hikes on table if inflation deepens

Turkey's new Central Bank chief, Fatih Karahan, signals that interest rate cuts are far off and that new hikes may be on the table, depending on the inflation outlook.

In an aerial view, a new housing project under construction for displaced earthquake survivors is seen in the Gulderen district on Feb. 1, 2024, in Hatay, Turkey.

With $104 billion in damages, Turkey’s earthquake region sees slow recovery

Turkey’s quake victims can hardly hope for a faster recovery, as Ankara seems to be keeping the pace of reconstruction tied to its overall economic roadmap, wary of overheating the fragile economy.

Turkish Central Bank Governor Hafize Gaye Erkan attends the Planning and Budget Commission of the Turkish Grand National Assembly (GNAT) in Ankara on Oct. 3, 2023.

Breaking | Last Updated: February 2, 2024, 6:35 pm

Turkey names Fatih Karahan as Central Bank chief after Erkan's resignation

Gaye Erkan's resignation comes after a series of allegations by former and current Central Bank employees accusing Erkan of unethical conduct.