Turkish economy

Turkey's president, Recep Tayyip Erdogan (R), and his Venezuelan counterpart Nicolas Maduro (L) attend a joint press conference after their meeting in Ankara on June 8, 2022.

Turkey’s Erdogan calls Venezuela's Maduro after contested elections, urges dialogue

The Turkish president stopped short of extending congratulations to Nicolas Maduro but expressed his well-wishes for the South American nation after the contested election results, according to a Turkish readout.

A customer buys US dollars in exchange for Turkish lira at an exchange office in Ankara, Turkey, July 20, 2023.

Turkey’s annual inflation slows down to 9-month low of 61%

The drop in the second consecutive month was slightly more than the estimates.

Turkish President Recep Tayyip Erdogan speaks during a press conference on the sidelines of the NATO 75th anniversary summit at the Walter E. Washington Convention Center in Washington, DC, July 11, 2024.

Israel’s FM tells NATO to expel Turkey as Erdogan threatens war over Gaza

As Turkey threatens military intervention in Gaza and Israel pushes for Turkey's removal from NATO, questions of how Turkey and Israel's already strained relations will be affected arise.

An animal activist pats a stray during a rally to protest against a bill drafted by the government that aims to remove stray dogs off the country's streets, in Istanbul on July 23, 2024.

Activists warn of tourism boycott as Turkey pushes through controversial stray dog bill

A government-led parliamentary committee this week approved a bill that could result in the mass culling of millions of street dogs, and fury at the legislation has spread beyond Turkey’s borders.

Amberin Zaman

By Amberin Zaman

In London, reporting on geopolitics, minorities, human rights, culture

Latest News

Turkey returns $5B deposit to Saudi Arabia amid economic recovery

Turkey's Finance Minister Mehmet Simsek speaks during a breakout session on Creating Competitive Economies at the Qatar Economic Forum in Doha on May 15, 2024. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Turkey’s Central Bank keeps interest rates at 50% as inflation cools

Foreign exchange rates are displayed against the Turkish lira on Istiklal Avenue, Istanbul, Turkey, March 21, 2024.

Turkey’s Erdogan praises Trump’s 'bravery' in call with former president

US President Donald Trump (L) and Turkey's President Recep Tayyip Erdogan (R).

Turkey sees 157% wealth growth despite economic malaise

Shoppers walk past a coffee shop at a shopping mall in Ankara, Turkey on April 2, 2024.

In Bristol, reporting on regional business, climate change, AI, tech

Analysis

As Erdogan woos Assad, is Turkey-Syria reconciliation rhetoric or reality?

This combination of file photographs created on July 7, 2024, shows Turkey's President Recep Tayyip Erdogan (L) in Ankara on May 29, 2023, and Syria's President Bashar al-Assad in Damascus on July 16, 2023.

Amberin Zaman

By Amberin Zaman

In London, reporting on geopolitics, minorities, human rights, culture

President Recep Tayyip Erdogan, who is in Astana for the 24th Summit of the Council of Heads of State of the Shanghai Cooperation Organization, meets with President Xi Jinping of China, on July 4, 2024.

Erdogan meets Xi, praises Turkey’s ties with China-led SCO bloc

The Turkish president reaffirmed his country’s commitment to deepening cooperation with the China-led bloc.

Turkish President Recep Tayyip Erdogan and his Russian counterpart, Vladimir Putin, meet on the sidelines of the Shanghai Cooperation Organization (SCO) summit in the Kazakh capital of Astana on July 3, 2024.

Erdogan meets 'dear friend' Putin as Russia, Turkey eye cooperation on Syria

The two leaders reaffirmed their commitment to bilateral ties only days ahead of the NATO summit.

ALTAN GOCHER/Hans Lucas/AFP via Getty Images

Turkey’s inflation slows for first time in eight months, down to 71%

The country’s year-on-year inflation cooled faster than expected in June, official data showed.

An exchange office worker counts Turkish lira banknotes in Istanbul, June 8, 2015.

Turkey keeps interest rates on hold at 50% even as inflation soars

The Central Bank reiterated its policy to return to monetary tightening in case of a significant deterioration in inflation.

FASANO, ITALY - JUNE 14: President of Turkey, Recep Tayyip Erdogan is welcomed by Italy's Prime Minister Giorgia Meloni on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy. The G7 summit in Puglia, hosted by Italian Prime Minister Giorgia Meloni, the seventh held in Italy, gathers leaders from the seven member states, the EU Council, and the EU Commission. Discussions will focus on topics including Africa, climate change, development, the Middle East, Ukraine, migration, Indo

Analysis

Joining BRICS comes with limitations for Turkey: No alternative to NATO

Turkish Foreign Minister Hakan Fidan’s visits to China and Russia to attend the meeting of the BRICS groups of nations reignited never-ending debates about Turkey’s “turn away” from the West.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey's President Recep Tayyip Erdogan (L) and India's Prime Minister Narendra Modi shake hands ahead of the G20 Leaders' Summit in New Delhi on September 9, 2023. (Photo by Ludovic MARIN / POOL / AFP) (Photo by LUDOVIC MARIN/POOL/AFP via Getty Images)

Analysis

After Modi's win, can Turkey-India ties grow despite Kashmir, IMEC differences?

Turkish officials and experts believe there is room for the two countries to expand cooperation despite their differences.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkish Foreign Minister Hakan Fidan is on a visit to Xinjiang Uyghur Autonomous Region in northwest China Photo Credit: @HakanFidan on X

Analysis

Have Turkey, China hit reset button on Uyghurs as Fidan visits Xinjiang?

Experts say Beijing and Ankara skillfully managed the contentious Uyghur issue during the Turkish diplomat's China visit, but Fidan's messages might raise eyebrows in the West.

Ezgi Akin

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

Turkish Foreign Minister, Hakan Fidan (C) welcomes his Chinese counterpart and Director of the Office of the Central Foreign Affairs Commission, Wang Yi (R) in Ankara, on July 26, 2023.

In China, Turkey’s Fidan says he plans to attend BRICS meeting in Russia

The top Turkish diplomat says his country explores new opportunities with BRICS

A teller counts US dollar bills at an exchange office in Ankara, Turkey, July 20, 2023.

Turkey’s inflation tops 75% but economy czar says 'worst is over'

Finance and Economy Minister Mehmet Simsek has said that inflation will begin dropping from June.

Kurdish women hold portraits of their missing sons on May 18, 2011, during a demonstration in Istanbul against the recent killing of 12 Kurdish rebels by security forces.

Many faces of motherhood in Turkey: From new Mothers Museum to 1,000th vigil of Saturday mothers

As a new museum in Ankara pays homage to motherhood, the mothers of the country remain a fractured group, divided by political lines and economic woes

People exchange money at a currency exchange office on Aug. 13, 2018, in Istanbul, Turkey.

Turkey expects removal from global money laundering ‘grey list’: VP

The Turkish vice president said that if the watchdog doesn’t remove the country from its grey list, it would be “due to political reasons."

A Eurofighter Typhoon FGR4 belonging to the Royal Air Force shortly after takeoff.

Can warmer Germany-Turkey ties bring Ankara Eurofighters along with Airbuses?

Experts believe Turkish-German defense ties will see some strides following the German president’s much-hyped Turkey visit.