Türkiye's defense, aerospace exports reach $8.5 billion in 2025

Japan hikes interest rates to 30-year-high

TikTok signs joint venture deal to end US ban threat

EU-Mercosur deal delayed as farmers stage Brussels show of force

ADB provides financing to support earthquake‑hit region

Investments to accelerate renewable transformation in 2026

Istanbul holds vast untapped potential in congress tourism: TÜRSAB

Türkiye’s congress tourism activity is concentrated largely in Istanbul and Antalya, but Istanbul’s potential is far greater than its current performance, according to Hasan Eker, vice president of the Association of Turkish Travel Agencies (TÜRSAB).

$12 million in flowers exported for New Year celebrations

Türkiye has exported $12 million worth of cut flowers to 35 countries ahead of New Year’s celebrations, marking a vibrant season for the ornamental plant industry.

Canada’s Air Transat launches flights to Istanbul Airport

Air Transat’s inaugural flight from Toronto landed at Istanbul Airport on Dec. 17, marking the Canadian carrier’s official entry into the Turkish market.

British energy giant BP extends shakeup as picks new CEO

British energy giant BP, which this year shelved targets on reducing carbon emissions, has appointed company outsider Meg O'Neill to be its chief executive from April, replacing Murray Auchincloss who stepped down on Dec. 18. 

Brazil threatens to walk if EU delays Mercosur deal

EU plans to seal a vast trade deal with South American bloc Mercosur this week were thrown into disarray after Italy joined fellow heavyweight France in seeking a delay.

New Bolivian leader ends fuel subsidies after 20 years of leftist rule

Bolivia's new president has announced that the country will get rid of its fuel subsidies, ending 20 years of fixed prices under the Latin American nation's previous leftist leaders.

Eurozone inflation stable at 2.1 pct in November

Eurozone inflation held steady at 2.1 percent in November, revised data showed Wednesday, reinforcing expectations the European Central Bank will keep rates unchanged this week.

Apparel industry pins hopes on 2026 for export rebound

Türkiye’s ready‑to‑wear and apparel industry is cautiously optimistic about export prospects in the coming year, with sector representatives expecting a meaningful recovery beginning in 2026.  

Unpaid tax liabilities top 1.5 trillion Turkish Liras

The Revenue Administration (GİB) has announced that 56,086 taxpayers owe the state more than 5 million lira each in overdue taxes and penalties, with total unpaid liabilities reaching 1.5 trillion Turkish Liras ($35.3 billion).

Private sector’s external debt climbs to $211 billion

The Turkish private sector’s total outstanding loans received from abroad reached $210.8 billion as of October, marking a $3.4 billion increase from the previous month, the Central Bank announced on Dec. 17.

Bank of England set to cut rate as UK inflation slides

Britain's annual inflation rate slowed more than expected in November to 3.2 percent, official data showed Wednesday, cementing expectations that the Bank of England will cut its main interest rate this week.

Number of EVs on Turkish roads nears 350,000

Türkiye had a total of 348,908 registered electric vehicles (EVs) as of the end of November, according to data released by the Turkish Statistical Institute (TÜİK) on Dec. 17, underscoring the rapidly growing interest in EVs among consumers.