Turkish Economy - News & Updates

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Right on time! Turkish shipyard celebrates launch of its THIRD CalMac ferry... while ship built at Scots shipyard is eight years late

www.dailymail.co.uk

Turkish shipyard celebrates launch of its THIRD CalMac ferry

Resplendent in the famous Caledonian MacBrayne livery and proudly sporting both the Saltire and the Turkish flags, the MV Lochmor slipped quietly into the clear, warm waters of the Sea of Marmara.
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We require significant, challenging, and enduring reforms; otherwise, we risk losing our position in this ranking. The government is going in debt to finance welfare rather than pursuing substantial investments that yield high returns in the longterm.
 
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Erdoğan declares next decade national era to boost family, birth rates​

by Daily Sabah with Agencies​

ISTANBUL May 23, 2025 - 3:52 pm GMT+3

President Recep Tayyip Erdoğan addresses the closing session of the International Family Forum, Istanbul, Türkiye, May 23, 2025. (AA Photo)
President Recep Tayyip Erdoğan addresses the closing session of the International Family Forum, Istanbul, Türkiye, May 23, 2025. (AA Photo)



President Recep Tayyip Erdoğan attended the International Family Forum on May 23 and announced during the keynote closing session speech that Türkiye will designate the years 2026 to 2035 as the “Decade of Family and Population."

The announcement marks a major policy initiative aimed at reversing declining fertility rates and reinforcing the country’s family-centered social structure.






Expressing deep concern over Türkiye’s declining fertility rate, which has fallen to 1.48 children per woman for the first time in the nation’s history, President Erdoğan described the situation as a “disaster,” highlighting that this figure is well below the critical replacement threshold of 2.1.

"This is not just a statistic," he warned, "but a warning signal for our nation’s future."






He also provided an update on the Family and Youth Fund, a government initiative to empower newlyweds.

“So far, approximately 114,000 applicants have sought support through the fund, and the number of eligible couples has reached 41,000,” he noted, underscoring the program’s growing impact.

Turning to global cultural trends, Erdoğan criticized what he sees as the erosion of traditional family structures, warning that as the institution of the family weakens worldwide, individuals are increasingly reduced to mere objects of consumerism under the sway of popular culture. “No matter where in the world, when the family loses altitude, humanity itself becomes commodified,” he stated.

He was particularly vocal in condemning what he termed "LGBT deviance," framing the opposition to such movements as not merely a cultural stance but a broader moral and existential fight. “The struggle against LGBT deviance is, at its core, a struggle for freedom, for dignity and the very future of humanity,” he declared.






Erdoğan also argued that a person disconnected from their family and alienated from their national identity cannot truly achieve individuality or freedom. “No matter how much some refuse to admit it, an individual severed from their family and weakened in their national bonds can never be truly independent or authentic.”

He emphasized that the model of a cooperative, interdependent family structure does not align with the ideals promoted by global market forces, asserting, “The solidarity-based family model is neither endorsed nor desired by the dominant actors of the global economy.”

He also expressed concern over a rising trend, particularly among the youth, of lifestyles centered on personal comfort and individualism. “This lifestyle, which prioritizes personal ease, is unfortunately rapidly seeping into the deepest layers of our society, starting with the youth,” he warned.

The International Family Forum, a two-day event held in Istanbul under the theme “Our Family, Our Future,” brought together policymakers, experts and stakeholders to highlight the central role of the family in shaping societal well-being.

Organized under the auspices of Türkiye’s Ministry of Family and Social Services, the forum was part of the broader 2025 Year of the Family initiative, a national campaign emphasizing the importance of strong, cohesive family structures. The Turkish government prioritized family-centered policies in response to demographic concerns, including a declining birth rate and an aging population.

Officials also underscored the forum's significance in countering what they described as growing global campaigns, particularly by LGBT advocacy groups, that challenge the traditional family model. The event reflected Türkiye’s commitment to preserving cultural values while participating in global dialogue on the evolving nature of family life.
www.dailysabah.com

Erdoğan declares next decade national era to boost family, birth rates

President Recep Tayyip Erdoğan attended the International Family Forum on May 23 and announced during the keynote closing session speech that Türkiye...
www.dailysabah.com www.dailysabah.com
 
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Turkey is leading Europe in real GDP growth in 2025, 2026 and 2027 - OECD data

Note: Irish data is distorted due to being a tax haven.

www.euronews.com

Which European economy will have the highest growth in 2026 and 2027?

After years of lacklustre growth, the eurozone has emerged from a period of stubborn inflation and restrictive interest rates. With growth fixed high on the political agenda, which nation is set to grow fastest in the coming years?
www.euronews.com www.euronews.com

It's interesting that despite our challenges like inflation the overall direction of the economy is not bad at all.
 
Eşbah said:
Turkey is leading Europe in real GDP growth in 2025, 2026 and 2027 - OECD data

Note: Irish data is distorted due to being a tax haven.

www.euronews.com

Which European economy will have the highest growth in 2026 and 2027?

After years of lacklustre growth, the eurozone has emerged from a period of stubborn inflation and restrictive interest rates. With growth fixed high on the political agenda, which nation is set to grow fastest in the coming years?
www.euronews.com www.euronews.com

It's interesting that despite our challenges like inflation the overall direction of the economy is not bad at all.
Click to expand...

WTF is going on in Germany? lol
 
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I remember those days. Iran was leading Türkiye in various sectors. From the economy to military capabilities, including drones, missiles, radars, and other tech. The situation has changed, but Iran isn't Saudi Arabia. They have the potential to catch up with us sooner or later, and hopefully, it will happen. It's beneficial for us to have a prosperous, secure, and thriving neighbor to trade with. Europe, East Asia, and even Southeast Asia have all become wealthy through regional cooperation and free trade.

Time's changed. Even enemies like US and China are each other's important trade partners. Iran and Turkey may be rivals at times but we're no enemies.
 
NEW: Turkish Energy Minister Bayraktar summarised Turkey’s 2026 energy plans:

• Turkish Petroleum to make acquisition and mergers in US gas fields
• Russia has already begun to transfer $9bn to Turkey over Akkuyu nuclear plant for investments in 2026
• Russia gas deals extended only for a year same price, same conditions
• Turkey to invest in Iraqi gas fields in the north
• Turkmenistan gas import capacity will expand to +3bcm a year through Iran
• Gold production in Niger will begin in 2026
• Black Sea production will double and increase to 20 million m3 a day in 2026
• Turkey will launch industrial scale rare earth mineral plant in 2026, Australia appears as a potential partner
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