Economy

Economy Türkiye plans $100 billion investment in power grids

Türkiye plans $100 billion investment in power grids
Economy Türkiye services confidence falls in October, retail and construction sentiment improve

Türkiye services confidence falls in October, retail and construction sentiment improve
Central Bank moves to support corporate bond market liquidity

Central Bank moves to support corporate bond market liquidity

Turkish Lira-denominated loans extended for the repayment of domestic debt securities issued by private sector entities other than banks and maturing by the end of the year will be exempt from credit growth limits, according to a Central Bank directive issued to banks.
Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Medium- and high-tech products account for 58 pct of Türkiye free zone exports

Medium- and high-tech products account for 58 pct of Türkiye free zone exports
ECONOMY Climate-driven farm losses push agricultural insurance payouts higher in Türkiye

Climate-driven farm losses push agricultural insurance payouts higher in Türkiye

Extreme weather events linked to climate change are taking an increasing toll on Türkiye’s agricultural sector, with crop damage reports and insurance payouts rising sharply in recent years, according to data from the Agricultural Insurance Pool (TARSİM).
ECONOMY Renewables account for 63 percent of Türkiye’s installed power capacity

Renewables account for 63 percent of Türkiye’s installed power capacity

Türkiye’s total installed electricity generation capacity reached 127,355 megawatts (MW) as of the end of September, according to a statement by the Energy and Natural Resources Ministry.
ECONOMY Chinese carmakers lose ground in Türkiye as Europe drives growth

Chinese carmakers lose ground in Türkiye as Europe drives growth

Chinese automotive brands, which have been among the main drivers of growth in the European market, suffered sharp declines in Türkiye amid additional customs duties and stricter import requirements.
Cabinet to review next steps in fund repayments ECONOMY

Cabinet to review next steps in fund repayments
Türkiye expands automation in tax services ECONOMY

Türkiye expands automation in tax services
Frances debt woes in focus as ECB meets ECONOMY

France's debt woes in focus as ECB meets
First international flight takes off from new Sydney airport ECONOMY

First international flight takes off from new Sydney airport
Investors brace for tech earnings, central bank decisions ECONOMY

Investors brace for tech earnings, central bank decisions
US says helped Gulf nations export 1.5 bln barrels of oil through Hormuz ECONOMY

US says helped Gulf nations export 1.5 bln barrels of oil through Hormuz
From luxury hotels to gastronomic tourism ECONOMY

From luxury hotels to gastronomic tourism

North Cyprus is one of the Mediterranean’s most distinctive destinations, yet much of its tourism potential remains untapped. Girne’s (Kyrenia) historic harbour, the coastline where the Girne Mountains meet the sea, its cultural heritage and culinary traditions all offer the ingredients for a far stronger story in international luxury travel.
Türkiye’s active R&D centers exceed 1,300 amid innovation drive ECONOMY

Türkiye’s active R&D centers exceed 1,300 amid innovation drive

Türkiye’s innovation ecosystem grew significantly over the years, driven by state support, with the number of active research and development (R&D) centers reaching 1,365 and design centers totaling 348 by the end of September.
Şimşek hails Türkiye’s gains in IMF fiscal transparency assessment ECONOMY

Şimşek hails Türkiye’s gains in IMF fiscal transparency assessment

Treasury and Finance Minister Mehmet Şimşek hailed Türkiye’s progress in the IMF’s Fiscal Transparency Evaluation, saying the country ranked among the top performers in fiscal transparency among about 40 countries assessed under the Fiscal Transparency Code.
$10 billion trade goal with Canada within reach: DEİK’s Yılmaz ECONOMY

$10 billion trade goal with Canada within reach: DEİK’s Yılmaz

Türkiye and Canada have set a long-term goal of increasing bilateral trade to $10 billion, following the launch of a strategic partnership and efforts to deepen cooperation in trade, investment, energy, defence and technology, says Mehmet Yılmaz, chairman of the Foreign Economic Relations Board’s (DEİK) Türkiye-Canada Business Council.
Credit card spending in Türkiye rises to 2.5 trillion Turkish Liras in September ECONOMY

Credit card spending in Türkiye rises to 2.5 trillion Turkish Liras in September

Credit card payments in Türkiye climbed 35 percent year-on-year to 2.5 trillion Turkish Liras ($50.3 billion) in September, accounting for the bulk of the country’s 3 trillion liras in card spending, according to data released by the Interbank Card Center (BKM).
Türkiye remains Europe’s 6th largest car market despite sharp sales decline ECONOMY

Türkiye remains Europe’s 6th largest car market despite sharp sales decline

Türkiye remained Europe’s sixth-largest passenger car market in the January-September period of 2026 despite a sharp contraction in sales, according to data from the European Automobile Manufacturers’ Association (ACEA) and the Automotive Distributors and Mobility Association (ODMD).
UK pledges more funding to guard against AI risks ECONOMY

UK pledges more funding to guard against AI risks

The UK government has outlined plans to expand funding for artificial intelligence safety amid growing concerns over the cyber risks posed by the increasingly advanced technology.
Indonesia cuts gas exports to Singapore ECONOMY

Indonesia cuts gas exports to Singapore

Indonesia cut exports of natural gas to Singapore on Oct. 24 to prioritize domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago.
Audi to invest $4.2 bln in its first US auto plant ECONOMY

Audi to invest $4.2 bln in its first US auto plant

US President Donald Trump announced on Oct. 24 that German automaker Audi planned to invest $4.2 billion to build its first factory in the United States that will produce 200,000 vehicles a year.
Fed expected to hold rates steady days ahead of US midterms ECONOMY

Fed expected to hold rates steady days ahead of US midterms

The U.S. Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end.
Türkiye targets $450 billion in exports by 2029 ECONOMY

Türkiye targets $450 billion in exports by 2029

Türkiye aims to increase its goods and services exports to $450 billion by 2029, Trade Minister Ömer Bolat said on Oct. 24.
Şimşek credits reforms for fiscal transparency gains ECONOMY

Şimşek credits reforms for fiscal transparency gains

Treasury and Finance Minister Mehmet Şimşek has credited more than two decades of institutional reform for Türkiye’s gains in fiscal transparency, following an updated International Monetary Fund assessment.