Economy Turkish debt markets have a busy summer ahead Ankara faces a busy summer of funding its borrowing programme, rolling over existing bonds and issuing new securities to bridge a widening budget deficit, as it contends with high interest rates and persistent inflation. On Tuesday, the finance and treasury ministry conducted three lira-denominated auctions of bonds and treasury bills with a combined value of […] June 12, 2025
Industry Turkey explores relocating industries to mitigate quake risk Turkey is reportedly seeking to move industrial zones away from Istanbul to reduce potential economic disruption in the event of a major earthquake. The decision follows growing fears over a quake that could cause severe damage to the city’s population of 16 million and industrial base, the Daily Sabah newspaper reported. A 6.2 magnitude earthquake […] June 12, 2025
Markets Turkish bourse anticipates return of foreign investors Investors are continuing to exit Turkey’s stock exchange, despite Borsa İstanbul’s main index recovering from losses sparked by concerns over political instability. However, anticipated cuts in interest rates could see a return to the share market as traders seek richer earnings. More than 1.8 million investors stepped away from the exchange in the year ending […] June 11, 2025
Retail Turkey opens inquiry into Coca-Cola distributor Turkey has opened a formal investigation into Coca-Cola Satış ve Dağıtım AŞ (CCSD) over potential violations of competition law. The move follows a preliminary inquiry that examined allegations the Coca-Cola distributor was imposing exclusivity on retailers and excluding competitors from these outlets, the Turkish Competition Authority said in a statement. The competition board found the allegations […] June 11, 2025
Banking and Finance European bank’s $86m aid to create jobs in Turkey The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($86 million) loan to Türkiye Sınai Kalkınma Bankası (TSKB), the country’s development bank, to support businesses that offer opportunities to women and young people. The funding will also back companies impacted by the 2023 earthquakes. At least 15 percent of the funds […] June 10, 2025
Economy Turkey economy The latest economic and demographic indicators for Turkey, including GDP, inflation, trade, population, unemployment and more June 9, 2025
Opinion Trade Turkey can turn crisis into catalyst for global trade power Success requires abandoning traditional approaches for bold, decisive action June 9, 2025
Analysis Health Healthy prognosis for Turkish medical tourism Turkey is looking to build on its already strong health tourism sector in the coming years, reaching out to new markets and offering a broader range of products to attract more foreign visitors seeking affordable treatment at a high standard. Last year, Turkish medical and wellness facilities provided treatment and care to 1.5 million overseas […] June 9, 2025
Analysis Economy Debate, but no turning back for the team driving Turkey’s economy Two years after reversing a policy of fiscal unorthodoxy, Turkey’s economy and its finance minister are at a crossroads. Criticism has mounted that the reforms put in place by Mehmet Şimşek since mid-2023 have either not gone far enough to restore stability or gone too far in clamping down on inflation, causing a slowdown in […] June 5, 2025
Industry Turkey offers incentives to support regional industry Turkey has unveiled an investment incentive scheme to foster industrial growth, with a key pillar of the programme to encourage a shift in production capacity away from the country’s main economic centre of Istanbul to underdeveloped regions. Four sectors that have strong investment potential will be identified in each of Turkey’s 81 provinces, Mehmet Kacır, […] June 3, 2025
Oil & Gas Turkey buys 30% stake in Azerbaijan gas field State-owned Turkish Petroleum Corporation (TPAO) has reportedly acquired a 30 percent stake in a natural gas field off the coast of Azerbaijan. The other partners are the State Oil Company of the Republic of Azerbaijan (Socar) and British energy major BP, Daily Sabah newspaper reported, quoting energy and natural resources minister Alparslan Bayraktar at the […] June 3, 2025
Analysis Economy Turkish economy cools as major sectors struggle Turkey’s economic growth slowed in the first quarter of the year, as declining activity in industry and agriculture offset expansion in other sectors, notably construction and information and communications. Gross domestic product expanded 2 percent year on year in the first three months of 2025, according to data issued by the state statistics agency Turkstat […] May 30, 2025
Logistics Turkey and China vow to increase trade via rail Middle Corridor Turkey and China have agreed to increase cargo traffic on the Middle Corridor, a railway route connecting Beijing to Europe. Only 300 trains use the corridor per year, the Turkish state-run Anadolu Agency reported. The decision to increase the tariff follows a diplomatic-level meeting in Beijing this month between Turkish transport and logistics company Pasifik […] May 30, 2025
Telecoms Turkcell secures $150m loan from Dubai Islamic Bank Turkey’s mobile operator Turkcell has secured its second loan from a UAE bank in a week. Dubai Islamic Bank will provide $150 million financing to fund digital infrastructure. The five-year Islamic facility will allow Turkcell to advance critical infrastructure such as data centres, cloud technologies and renewable energy, the lender said in a statement. Last […] May 28, 2025
Banking and Finance Turkey to guarantee loans to struggling manufacturers Turkey’s government has launched a loan guarantee scheme for small and medium-sized manufacturers, aiming to ease pressure on a sector hard hit by rising interest rates. Treasury and finance minister Mehmet Şimşek announced last week that almost $770 million of credit would be made available through the Credit Guarantee Fund (CGF), a scheme revived since […] May 27, 2025
Agriculture Turkey may need foreign grain as drought hits farmers Turkey could be forced to increase international grain purchases this year as the domestic wheat harvest is forecast to fall short, with drought cutting yields across the country. Turkey’s wheat crop for this year is estimated at 19 million tonnes, at least 2 million short of last season’s harvest, despite an increase in land under […] May 23, 2025
Energy Turkey hopes to strike it rich on shale oil find Initial estimates of reserves at a shale oil prospect in Turkey’s southeast are up to 6.1 billion barrels, equal to 15 years of domestic consumption, according to the country’s energy and natural resources minister. Work will start soon to assess and then bring online the shale oil find in the province of Diyarbakır, Alparslan Bayraktar, […] May 23, 2025
Oil & Gas Turkey to export gas to ease Syria’s power shortage Turkey will provide two billion cubic metres of natural gas to Syria each year, Turkish energy minister Alparslan Bayraktar said on Thursday. In a joint news conference with his Syrian counterpart Mohammed Al-Bashir in Damascus, Bayraktar said that Turkey’s gas exports to Syria will contribute to an additional 1,300 megawatts (MW) of electricity production in the country. Ankara, […] May 23, 2025
Banking and Finance Turkish bond attracts keen interest despite concerns Ankara’s second issue this year of dollar denominated eurobonds was heavily oversubscribed, attracting domestic and international investors, according to the Turkish ministry of treasury and finance. When the $2 billion bond, with a seven-year maturity, was issued on Wednesday the order book was oversubscribed two and a half times, with buyers drawn by the 7.25 […] May 23, 2025
Banking and Finance Turkish bank secures $1bn to support women-led businesses Türk Eximbank, a state-backed export credit institution, has secured $1 billion in new funding to support small businesses. The funds will be used to support women-led small and medium enterprises (SMEs) operating in low-income regions and provide financial support to SMEs exporting green products, the bank said in a post on the social media platform […] May 22, 2025
Industry Turkey’s Zorlu to cut jobs and sell assets Zorlu Holding, one of Turkey’s largest industrial groups, is selling assets and letting go of least 10 percent of its staff to help meet its debt obligations, Bloomberg reported. The Istanbul-based group, which operates in real estate, energy and manufacturing, has nearly $5 billion in outstanding loans and has already extended some of its loan […] May 21, 2025
Energy Turkey in nuclear plant talks with Canada’s Candu Turkey is in talks with Canada’s Candu Energy and other companies regarding plans to build its second and third nuclear power plants, Turkish energy minister Alparslan Bayraktar said. Speaking to reporters during a visit to southeast Turkey on Monday, Bayraktar said Turkey wants to “put a name” to the projects for its additional planned plants this year. […] May 21, 2025
