Türkiye to triple military spending over three years
Türkiye has announced a major increase in military spending over the next three years as it pushes to develop its own defence equipment.
Turkish economy
Turkey cuts 2027 GDP growth forecast
Turkey trimmed its 2027 gross domestic product growth forecast to 4.2% from its previous projection of 4.3%, Bloomberg reported.
Ankara and Damascus discuss investment in Syria
Ömer Bolat held talks with Syria's investment head on the potential for Turkish investment in the country.
Türkiye plans to join Single Euro Payments Area
Türkiye is moving toward closer European integration by seeking to join the Single Euro Payments Area, a move expected to strengthen financial ties with Brussels.
Trade between Russia and Türkiye falls by 23 percent
Imports from Russia to Türkiye decreased by 23%, resulting in a drop of around $3.5 billion.
Türkiye assesses risks of energy crisis amid situation in Strait of Hormuz
He also clarified that only about 10% of all oil purchased by Türkiye passes through the Strait of Hormuz
Azerbaijan supplies Türkiye with 123 billion cubic meters of natural gas
Azerbaijan has delivered 123 billion cubic meters of natural gas to Türkiye, with over 46% subsequently transmitted to European and Syrian markets, according to energy ministry data.
Türkiye achieves best export performance in history
Türkiye achieved the largest export performance in its history, with total goods, services exports estimated at $396 billion in 2025, Turkish President Recep Tayyip Erdoğan announced.
Iran exported $4.4 bln worth of goods to Türkiye
Turkish entrepreneurs sent over $6 bln worth of goods to Iran this year
Azerbaijan and Türkiye intend to increase trade turnover to $15bln
The 2nd Azerbaijan-Türkiye Investment Forum was held in Baku yesterday. Türkiye's Vice President Cevdet Yilmaz said bilateral trade between Türkiye and Azerbaijan reached $8 billion in 2024. He noted …
Türkiye's inflation cools to lowest
Inflation in Türkiye eased to its lowest in four years in November, official data showed, with both annual and monthly readings coming in below expectations, primarily due to food prices.
Türkiye's GDP grows by 3.7%
Türkiye's GDP increased by 3.7% in the third quarter of 2025, with total GDP reaching over $430 billion.
Russia-Turkey trade and economic ties developing steadily - MFA
Russia and Turkey have not yet resolved all issues related to mutual settlements affected by sanctions, Russia's charge d'affaires ad interim in Turkey Alexey Ivanov said on the sidelines of the 16th Asian Conference of the Valdai …
Economic warming in Türkiye: Central Bank's key rate cut by 2.5%
The Turkish authorities have decided to lower the key rate from 43% to 40.5%.
Turkey imposes tax on yachts
Turkey has slapped an 8% special consumption tax on yachts, motorboats and other pleasure craft, ending a zero-rate exemption that had applied to luxury vessels.
Turkish annual inflation cools further in August
Türkiye's annual inflation rate eased further in August, coming in just below 33%, official data showed on Wednesday.
Türkiye's Central Bank sharply reduces key rate
The key rate in Türkiye has been reduced to 43%. This 3% decrease comes amid slowing inflation.
Iran's imports from Türkiye increased by 10%
Iran has increased its supplies of goods and raw materials from Türkiye by 10%.
Turkish Central Bank raises key rate to 46%
Türkiye has raised its key rate again, breaking a series of consecutive rate cuts over the past three meetings of the country's Central Bank.
Türkiye's inflation growth slows in March
The Turkish economy is gradually recovering from the sharp rise, as analysts are registering a slowdown in inflation growth again. This has been happening for the tenth month in a row.
