Latest News from Turkey
Türkiye Commemorates 29th Anniversary of Feb. 28 Postmodern Coup
Türkiye remembers the Feb. 28, 1997 'postmodern coup' that pressured the elected government out of power, reshaping politics and society. Key events included tanks in Sincan, Jerusalem Night controversies, and MGK decisions enforcing secularism. The coup led to prolonged compulsory education and political realignments.
ING Forecasts Turkey's 2025 GDP Growth at 3.8% Amid Inflation Risks
ING projects Turkey’s 4Q25 GDP growth at 3.9%, yielding 3.8% for 2025, driven by domestic demand despite quarterly slowdowns. February inflation expected at 2.9% monthly and 31.4% yearly, potentially pausing central bank tightening.
Food prices ahead of Ramadan add upward pressure.
Istanbul-Tehran Flights Canceled Amid US-Iran Tensions
Three flights from Istanbul to Tehran, including Turkish Airlines, were canceled Friday due to escalating US-Iran nuclear talks failure. Countries like Kazakhstan, Italy, Germany, Poland, and China issued evacuation warnings for Iran.
Trump criticized negotiations, heightening regional fears.
Turkey Wealth Fund Negotiates $10 Billion Petrochemicals Project
Turkey's sovereign wealth fund is in talks with international partners for a $10 billion petrochemical project domestically. CEO Arda Ermut highlighted potential partnerships or clusters in strategic sectors.
The fund also eyes foreign investments with partners like Abu Dhabi and China.
Turkey Submits UN Letter Reiterating Cyprus and Maritime Claims
Turkey sent a February 16 UN letter challenging Cyprus representation and Eastern Mediterranean maritime zones. It objects to Greece-Egypt EEZ deal and defends Turkey-Libya memoranda.
Ankara calls for dialogue per international law and past declarations.
Turkey's Gold Holdings Surge to $750 Billion, Boosting Wealth
Turkey's gold stock value reached over $750 billion with prices at record highs, adding $300 billion in wealth last year. About $600 billion is held outside banks by households, aiding against inflation.
This reflects Turks' tradition of gold as a safe store of value.
Egypt and Türkiye Sign Military Cooperation Agreement
Egypt and Türkiye inked a military pact during Erdogan's Cairo visit, overseen by Sisi, enhancing defense ties. It includes expertise exchange, joint exercises, drone production, and KAAN fighter involvement.
Broader cooperation covers investment, trade, and regional stability.
Consumer Inflation Expectations Ease in Latest Survey
A new survey shows Turkey's consumer price inflation at 48.8%, with 12-month expectations dropping 3.3 and 2.3 points. It covers inflation, confidence, international reports, scandals, and economic stats.
Banking and meat fixing investigations noted amid cash flows.
Turkey Engages Pakistan on Rising Afghan Tensions
Türkiye initiated contact with Pakistan amid intensifying regional diplomacy over Afghanistan tensions. This joins broader efforts to address the escalating situation.
Details on specific diplomatic moves remain limited.
Spain and Turkey Advance Natural Market Energy Strategy
Spain and Turkey pursue a 2026 'natural market' strategy in energy, leveraging Spanish strengths in renewables and grids. Focus on project finance, distribution in shared markets.
Geopolitics and energy language shape cooperation.
Jailed PKK Leader Öcalan Hails New Political Era
Imprisoned PKK founder Abdullah Öcalan marked one year since his call to end armed Kurdish struggle, declaring a path to a new political era. The statement underscores ongoing shifts in Turkey's Kurdish conflict dynamics.
It follows his historic appeal for disarmament.