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

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

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.

Erdogan

What is driving Turkey’s Erdogan pro-Hamas, fiery Israel criticism?

Diplomats and experts say Erdogan’s response to Hamas’ attack on Israel and its aftermath have seriously undermined Turkey’s international position.

One-hundred Turkish lira notes on display at a currency exchange in Kuwait City, August 12, 2018.

Turkey’s inflation slightly eases in October, remains above 60%

Following three months of increases, Turkey’s year-on-year inflation slightly eased last month.