Economy news in Türkiye · Page 11

President Recep Tayyip Erdoğan said at the ceremony "We are in the Champions League of aviation" and noted that passenger numbers on domestic and international flights rose from 34.5 million in 2002 to more than 247 million in 2025. Transport and Infrastructure Minister Abdulkadir Uraloğlu said the 2,820-meter runway is the first built on an east-west axis.…

At the 57th ECMA Congress held in Rome on September 16-18, Alican Duran, Chairman of the Board of KASAD, was elected president of the European Carton Makers Association, which represents more than 650 carton packaging producers across Europe.…

According to a Trade Ministry post, Deputy Minister Mustafa Tuzcu received a delegation led by Toyota Motor Europe executive Matt Harrison and Toyota Türkiye CEO Murat Bülbül; the meeting addressed the company's investments and export capacity in Türkiye.…

According to a ranking based on World Bank data, Türkiye's real GDP per capita rose from $12,200 in 1990 to $37,300 in 2025, a 206% increase that placed it 25th. Guyana, China and Equatorial Guinea top the list.…

TÜDKİYEB Chairman Turan Saldırıcıer described the return of Türkiye's small ruminant population to the 55-60 million head band as a remarkable development for the sector.…

Trakya Birlik set the advance purchase price for sunflower seed with 44% oil content at 37,000 lira per ton; it reported that 235,979 tons have been purchased since the start of the season.…

Justice Minister Akın Gürlek announced that 20 people had been arrested in manipulative trading investigations and that 51 people had been banned from leaving the country. In Istanbul's fresh fruit and vegetable pricing investigation, all 40 suspects referred to court were arrested.…

On Borsa Istanbul (BIST), the BIST 100 index saw a weekly low of 12,817.01 and a high of 14,355.46 points, closing the week down 8.18%; the dollar rose 0.36% to 48.7810 lira, while the euro fell 0.91%.…

In Ordu, the free market price for hazelnuts is 170-180 lira per kilogram, and 190 lira in Giresun; the Soil Products Office's (TMO) Levant-quality purchase price is cited in sources as either 250 or 255 lira. The Trade Ministry and Competition Authority are reported to have launched a field investigation.…

Trade Minister Ömer Bolat discussed cooperation in space and defense, energy, telecommunications and critical raw materials with Italian Deputy Prime Minister and Foreign Minister Antonio Tajani, and stressed the importance of updating the Customs Union.…

T&O Denizcilik, along with the crew of the Turkish-flagged ship Reyhan Sarı, which was attacked in the Black Sea on July 22, and the family of a crew member who died, filed a complaint with the International Criminal Court; the complaint claims Ukraine deliberately targeted the ship.…

According to Interbank Card Center (BKM) data, payments made with credit cards, debit cards and prepaid cards in August rose 39% year-on-year to 2.9904 trillion lira (TL). The total number of cards increased 4% to 478 million.…

Türkiye Emlak Katılım Bankası notified the Public Disclosure Platform (KAP) that its subsidiary had begun talks to acquire Katılımevim and Birevim Tasarruf Finansman. The companies had recently been acquired by Tera Yatırım Holding from Pusula Finans Holding; that transfer was still awaiting official approval.…

127,410 homes were sold across Türkiye in August; secondhand sales dropped 19.4% and first-hand sales fell 4.5%. Mortgaged sales rose 7.2% while the Housing Price Index climbed 23% year-on-year.…

Following the decline in Borsa Istanbul (BIST), the committee, chaired by Treasury and Finance Minister Mehmet Şimşek, said the issue stemmed from credit and liquidity strains in certain funds of a limited number of portfolio management companies, and that it was temporary and manageable.…

Treasury and Finance Minister Mehmet Şimşek said inflation would today be at least 7 points lower if not for the war; annual inflation was 31.5% in August. Central Bank (TCMB) Governor Fatih Karahan said recurring energy shocks could complicate the fight against inflation.…

According to Central Bank (TCMB) data, short-term external debt stock rose 3.8% month-on-month to $177.1 billion in July, or $248.1 billion on a remaining-maturity basis. Bank-originated debt stock rose 4.3% to $77.8 billion.…

According to Turkish Exporters Assembly (TİM) data, Istanbul's exports reached $8.8 billion in August, the highest figure ever for an August, accounting for 37.5% of Türkiye's total. Türkiye's exports rose 8.1% to $23.5 billion.…

The Fed raised interest rates for the first time since 2023, unanimously lifting the policy rate to the 3.75-4% range. The bank raised its year-end rate expectation to 4.1%, with 16 of 18 officials projecting at least one more hike this year.…

Özgür Özel said the per-liter price of diesel would exceed 100 lira at midnight on September 16, with 20 lira of that coming from special consumption tax (ÖTV) and VAT. Özel called for fuel taxes to be removed immediately.…