As Turkey's inflation dips to 35%, will central bank pivot on interest rates? Inflation has slowed to the lowest level since 2021, sparking speculation that the central bank could resume easing monetary policy amid mounting pressure on Turkey's finance chief — but analysts caution against a rush. Turkey
Analysis Can Turkey's Hurjet deal with Spain propel it into NATO’s defense market? Spain’s choice of Turkey’s Hurjet reflects Ankara’s growing credibility as an arms supplier, increasing the prospect of broader cooperation in Europe’s defense sector. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
India wages economic war on Turkey for supporting Pakistan in Kashmir Turkish business interests are taking a hit as India retaliates against Ankara’s backing of Pakistan on Kashmir. Turkey
New German government to decide on Eurofighter sale to Turkey: Officials Germany’s outgoing government will leave the Eurofighter sale decision to incoming Chancellor Friedrich Merz, official German sources suggested to Al-Monitor. Turkey
Moody’s upgrades outlook for Turkish banks amid economic U-turn The US-based rating agency projected Turkey's economic growth to be 4.2% at the end of 2023, falling from 2022’s 5.6%. Turkey
Why Turkey's Erdogan sings the same tune with Russia's Putin in Africa Turkey’s efforts to expand its influence in Africa often align with those of Russia, with both Ankara and Moscow holding back from condemning military coups and seeking to capitalize on post-colonial resentments. Turkey
Why did Turkey restrict gold imports as it rolled new economic measures? Observers believe Turkey’s new economic leadership is unlikely to take strong measures to curb inflation before Erdogan gets through local elections in March 2024. Turkey
Analysis After Saudi drone deal, Turkey’s defense industry eyes record export year Turkey’s military exports could hit a record $7.5 billion this year after a major deal with Saudi Arabia. By Eray Gorgulu
Turkey logs $674M account surplus, breaking 20 month deficit Turkey posted a current account surplus in June for the first time since October 2021. Turkey
Turkish Airlines posts $635m Q2 profit, capacity exceeds pre-COVID levels While global airlines lost nearly $170 billion to the 2020 pandemic and the industry as a whole still is not making a net profit, Turkish Airlines managed to make $2.7 billion in profit in 2022. Turkey
In first foreign policy speech, Turkey's FM asks NATO to be 'considerate,' slams PKK Laying out Turkey's foreign policy priorities, Hakan Fidan set forth a national security-oriented agenda, striking a more hawkish tone on the Kurdistan Workers Party while softening his language on regional ties. Turkey
Turkey’s new economy team wins over foreign investors Turkey’s economy czar and central bank chief have met with foreign investors amid a fresh push to draw foreign funds. Turkey
Turkey appoints first female admiral as part of military overhaul The overhaul in the Turkish army's top brass seems to be in line with Erdogan's long-term foreign policy and security agenda, a prominent analyst says. Turkey
Foreign investors buy $179m in Turkey's stocks amid Erdogan's economic reset Foreign investors bought $179 million in local equities last week, an eighth straight week of inflows, according to the latest data from the Turkish Central Bank. Turkey
Turkey’s annual inflation hits nearly 50% in July The spike marks the end of an eight-month downtrend in annual consumer prices as Turkey grapples with one of its worst cost-of-living crises. Turkey
Turkey, Egypt seek to boost mutual trade by 50% in 5 years In the first visit of its kind in a decade, Egypt's trade and industry minister traveled to Turkey on Tuesday. Turkey
