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.

Turkey inflation 1

Turkey’s Central Bank raises interest rates to 45%

A pause in hikes will follow, ahead of upcoming local elections in March, when Turkish President Recep Tayyip Erdogan is looking to regain control of key cities.

Turkish Central Bank Governor Hafize Gaye Erkan attends the Planning and Budget Commission of the Turkish Grand National Assembly in Ankara on Oct. 03, 2023.

Turkey's first female central bank chief faces potential axe amid nepotism claims

The question concerning Hafize Gaye Erkan's dismissal is increasingly not "if" but "when," observers say.

stock photo of market

Turkey’s year-end inflation soars to almost 65%

Newly announced minimum wage hikes and upcoming pay raises for public servants, workers and pensioners bode a resurgence of price spikes across the board.

Turkish President Recep Tayyip Erdogan.

Turkey’s exports to Saudi Arabia, UAE and Russia shoot up in 2023: Erdogan

The Turkish president also said the country’s total export revenues reached an all-time high.

Turkish President Tayyip Erdogan (L) arrives under the rain to the Turkish Parliament to take oath of office after his election win at the parliament in Ankara, Turkey, on June 3, 2023. Turkey's Recep Tayyip Erdogan was sworn in for a third term as president on June 3, promising to serve "impartially" after winning a historic runoff election to extend his two-decade rule. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

2023 in review: From disaster to diplomacy, a climactic year for Turkey

Ankara and NATO capitals are once again at loggerheads despite Turkey’s restoration vision put forward after the May elections.

Visitors inspect sniper rifles during the opening day of Egypt Defence Expo (EDEX-2023) at the Cairo International Exhibition Center, Dec. 4, 2023.

Is Turkey-Egypt rapprochement turning into a long-term defense partnership?

Rapidly improving defense cooperation between Cario and Ankara falls in line with Turkey's multidimensional strategic outlook, observes believe.

Turkey’s Central Bank delivers moderate rate hike

The bank said it has slowed the pace of monetary tightening, assessing that it is close to the level required to establish a course of disinflation.

Turkey's Erdogan declares 'new era' with Greece on landmark visit

The Turkish and Greek leaders vowed to maintain good neighborly relations in the interest of peace in the Agean Sea region.

ADEM ALTAN/AFP via Getty Images

What is behind Turkey’s inflation spike to 61.9% in November?

November's consumer prices also rose by 3.28%, data released by the Turkish Statistical Institute showed on Monday.

Gaye Erkan

Breaking | Last Updated: November 23, 2023, 10:50 am

Turkey’s Central Bank delivers larger-than-expected rate hike

The decision comes after Turkish President Recep Tayyip Erdogan said earlier this week that the lira's depreciation has come to an end.

Turkish Treasury and Finance Minister Mehmet Simsek (C) addresses a statement to the journalists at the party's group meeting at the Turkish Grand National Assembly (TBMM) on June 21, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

What awaits Turkey's economy as its foreign exchange woes ease?

After the March local polls, Ankara will be free of major domestic political concerns and is expected to enact a stern program to cool the economy and make real progress in fighting inflation.

This photograph taken on June 9, 2023, shows the Central Bank of Turkey, in Ankara.

Turkey reports account surplus amid fiscal policy changes

Turkish bonds may also become more attractive, according to a top bank, as Turkey’s new economic leaders raise interest rates and end unpopular policies.