Latest News from Turkey
Türkiye Prioritizes Disinflation and Sustainable Growth for 2026
The Turkish economy focuses on sustaining disinflation from 31.07% in November 2025 and targeting 3.8% growth in 2026. Central Bank cut rates to 38% and will hold eight meetings starting January 22.
Credit ratings and trade diplomacy, including FTAs, are key priorities.
Turkish Parliamentary Panel Approves PKK Disarmament Reform Roadmap
A parliamentary commission overwhelmingly backed legal reforms tied to PKK disarmament on February 18, advancing peace process. President Erdogan announced immediate legislative discussions.
Pro-Kurdish DEM Party welcomed findings despite objections to framing.
Turkey's EU Exports Surge by $9.7 Billion Amid Risks
Exports to EU rose $9.7B in past 12 months, 59% from automotive, per TSKB report. Faces risks from EU 'Made in Europe' rules and Chinese competition in 44 product groups.
Textiles and apparel saw steepest market share losses.
Saudi ACWA Power to Build $2 Billion Solar Plants in Turkey
Turkey and Saudi Arabia signed deal on February 20 for two solar plants in central Turkey worth $2B. Follows Erdogan's Riyadh visit and intergovernmental energy agreement.
Signed at Istanbul's waterfront palace.
Government Unveils Major Incentives for Global TV Series
Culture Minister Ersoy announced up to $100,000 per episode support for TV series promoting Turkey abroad. Turkish TV exports hit $1B last year, top three globally in sales.
Aims to boost tourism via screen tourism soft power.
Mergers and Acquisitions Surge in Turkey on Investor Confidence
M&A activity significantly increased in 2025 due to large transactions and renewed investor interest. Driven by economic resurgence and confidence.
Reflects positive business environment.
Bayraktar Highlights National Oil Company Overseas Expansion
Bayraktar posted on X supporting partnerships for Ankara's strategy to grow national oil company's overseas operations. Linked to recent energy deals like Saudi solar project.
Part of broader energy diplomacy.
Treasury Minister Simsek Cites Tight Policy for Disinflation
Finance Minister Mehmet Simsek highlighted tight policy and improved expectations driving disinflation and growth. Targets 16% inflation in 2026 per Medium-Term Program.
Follows CPI drop to four-year low.
Upcoming Credit Rating Reviews for Turkey in Focus
Fitch and Moody's assess on January 23, S&P in April after recent upgrades. Critical for economic outlook and investor sentiment.
Part of 2026 agenda with trade visits.
Turkish TV Industry Positions as Global Media Powerhouse
Series reach 1B people in 170 countries, competing with US and UK. Government subsidies via Cinema Directorate and TGA to expand footprint.
Integrates with tourism promotion strategy.
EU Industrial Rules Threaten Turkey's Export Incentives
TSKB warns EU 'Made in Europe' policy may restrict Turkey's access if treated as third country. Impacts public procurement and incentives.
Automotive, machinery lead export growth.
PKK Peace Process Enters Legislative Phase
Erdogan confirms parliament to discuss legal aspects immediately post-panel approval. Aims to end decades-long conflict.
Mixed reactions from opposition parties.