Turkish Economy - News & Updates

[Eşbah]

EU deals add to customs union debate

The European Union signed bilateral free trade agreements with the Mercosur bloc—Argentina, Brazil, Paraguay, and Uruguay—and with India earlier this year to secure broader access to those markets, raising concerns in Türkiye, as such deals can create structural disadvantages under the current design of the Türkiye–EU Customs Union.

Under the 1995 customs union arrangement, industrial goods move tariff-free between Türkiye and the EU, but Ankara does not automatically benefit from the trade agreements the EU signs with third countries.

Kacir acknowledged that addressing asymmetries created by the EU’s free trade agreements with third countries is a priority in ongoing discussions on updating the Türkiye–EU Customs Union.

‘Made in EU’ opens door for Türkiye

Kacir pointed to the draft Industry Accelerator Act, which outlines the scope and criteria of the EU’s "Made in EU" approach, as a recent example of progress in negotiations.

He said recognizing Türkiye within the framework of the existing customs union is significant for maintaining investment continuity and supporting the competitiveness of European value chains.

"The inclusion of Türkiye under the ‘EU origin’ requirement within the customs union framework is an important step," Kacir said, adding that the move would deepen sectoral integration between Türkiye and the European Union.

The development is also expected to support green and digital transformation across industrial value chains, the minister added.

Türkiye seeks to shield industry from EU’s new trade agreements: Minister - Türkiye Today

Ankara works to secure fair conditions for its manufacturers to address trade asymmetries, Minister Kacir says

www.turkiyetoday.com

EU trade deals

 

[Eşbah]

The Brits are flooding Turkey. Has Spain become too expensive?

 

[Oublious]

A lot of big companies are moving ther company headquarters to Istanbul or Ankara after what is happend in Dubai. Even the biggest zionists are coming to Turkiye, the finance bridge Europe, Asia and Africa. America fuked up big time, little zionistan emiratis will not be the same after this war. Americans will lose ther biggest investor GCC. They will search for new aliancies.

War prompting some Asia, Gulf companies to consider new Istanbul Financial Center

More than 40 companies have contacted IFC over the past month, CEO says Read more at The Business Times.

www.businesstimes.com.sg

 

[hyperman]

The Brits are flooding Turkey. Has Spain become too expensive?

Turkey has unbelievable Tourism potential.

Turkish Airways essentially flies everywhere, one of the longest coastlines on the Mediterranean, food, history.

I think not enough marketing and investment has been made. Active marketing is whats needed. As well as expanding niches and high revenue generating attractions.

 

[hyperman]

little zionistan emiratis will not be the same after this war.

All this was sparked b/c Bin Zayed pursued those Satanic accords and in the process destroyed the region post Arab spring.

 

[Eşbah]

Turkey has unbelievable Tourism potential.

Turkish Airways essentially flies everywhere, one of the longest coastlines on the Mediterranean, food, history.

I think not enough marketing and investment has been made. Active marketing is whats needed. As well as expanding niches and high revenue generating attractions.

Tourism industry is horrible. It destroys our nature, it creates dependencies and it outprices the locals from their own cities. The government did a terrible job by promoting cheap, unsustainable, low-profile tourism.

 

[Eşbah]

Turkiye attracts USD 6.75 billion for new railway line across the Bosphorus

Turkiye has reached a preliminary agreement with six international financial institutions to obtain USD 6.75 billion in external financing for the construction of a new railway line that will cross northern Istanbul

www.railwaypro.com

Interesting to see the global finance institutions ready to invest in this project.

 

[RocketLaw]

The Republic of Turkiye has surpassed Indonesia's economy and become the country with the largest economy among Muslim-majority population countries.

Thus, today Türkiye holds the position of the largest Muslim-majority country both economically and militarily.

By GDP:
Turkiye - $1.64 Trillion
Indonesia - $1.54 Trillion
Saudi Arabia - $1.39 Trillion
United Arab Emirates - $622 Billion
Malaysia - $516 billion
Bangladesh - $511 billion
Egypt - $430 billion
Pakistan - $408 billion
Algeria - $317 billion
Iran - $300 billion

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[Eşbah]

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In April 2026, compared to the same month of the previous year:

• Exports increased by 22.3% to $25.403 billion,
• Imports increased by 3.1% to $33.909 billion,
• Foreign trade volume increased by 10.5% to $59.312 billion.

 

[Eşbah]

Turkish Benefits From Middle East Crisis | AirInsight

Turkish Airlines has greatly benefited from the Middle East war and the massive capacity reductions of the Gulf carriers.

airinsight.com

https://www.aa.com.tr/en/economy/turkish-airlines-passenger-traffic-rises-16-in-march/3899123

1. The Iran War
2. Pakistan's closure of her airspace for Indian airlines

These two factors boosting Turkish Airlines right now.

 

[Eşbah]

Turkey earned a record revenue from airspace usage last year.
Approximately 740 million dollars.

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