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Turkey’s trade deficit grew by 11.9 pct to $95 bln in 2025

Turkey’s foreign trade deficit grew by 11.9 percent in 2025 to about $95 billion as imports rose faster than exports, according to data released...
Business

Turkey faces potential exclusion from EU public procurement under ‘Made in Europe’ push

Turkey could face limits on access to parts of the European Union’s public procurement market under a European Commission proposal often described as a...
Business

Halkbank shares fall after US court postpones hearing in Iran sanctions case

Shares of Turkey’s state-owned lender Halkbank fell sharply on Wednesday after a hearing in the United States over the bank’s criminal case was abruptly postponed,...
Business

Chinese e-commerce platform Temu halts overseas orders for Turkey

Chinese e-commerce platform Temu has halted overseas orders for users in Turkey, limiting sales to products shipped from local warehouses, the Karar daily reported...
Business

Russian oil exports to China rise in January as India, Turkey cut buying: report

China is set to increase imports of Russian oil by sea in January, taking barrels that previously went to India and Turkey, as tougher...
Business

Turkey’s central bank cuts interest rate to 37 percent

Turkey's central bank said Thursday it had cut its key interest rate to 37 percent as annual inflation figures keep slowing. At a policy meeting...
Business

Turkey in talks with Chevron for joint oil, gas exploration: report

Turkey’s state-run energy company Turkish Petroleum Corp. (TPAO) is holding confidential talks with US energy giant Chevron Corp. over a potential partnership to explore...
Business

EU-Mercosur trade deal may squeeze Turkey in EU market

The European Union and the South American trade bloc Mercosur signed a long-negotiated free trade agreement in Asunción, Paraguay, on January 17, 2026, a...
Business

Turkey-Iran trade slows as exporters warn of Trump tariff risk

Turkey's trade with Iran is slowing amid nationwide protests in the Islamic Republic, while exporters say their bigger concern is President Donald Trump's recent...
Business

Most Turks see Turkey’s economy on the wrong track, survey shows

A large majority of the public in Turkey views the country’s economic situation negatively, with 82 percent saying the economy is on the wrong...
Business

China’s BYD starts building EV plant as part of billion-dollar investment in Turkey

Construction equipment has moved onto the planned site of Chinese electric vehicle maker BYD’s factory in western Turkey, in the first public signs of...
Business

Trump says 25 pct US tariff applies to countries trading with Iran, leaving Turkey exposed

US President Donald Trump said on Monday that Washington will impose a 25 percent tariff on all trade with any country that does business...
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