Latest News from Turkey
Turkiye Ready to Send Troops to Gaza's ISF
Turkish Foreign Minister Hakan Fidan stated Turkiye is prepared to deploy troops to Gaza as part of the International Stabilization Force (ISF). He emphasized support for reconstruction, security, and local administration reactivation following Peace Council discussions. Fidan warned of risks from renewed violence if efforts lapse.
Mehmet Şimşek Signals No New Tax Hikes Amid Disinflation
Treasury and Finance Minister Mehmet Şimşek rejected speculation on tax increases, defending the disinflation strategy. He highlighted potential energy price drops aiding growth and current account balance. Şimşek noted successful exit from FX-protected deposits and projected lower inflation in spring.
Turkey Detains Journalist for Insulting President
Authorities detained a journalist from a German broadcaster for allegedly insulting the president. Twelve journalists' unions demanded immediate release, accusing the justice system of being weaponized. The incident highlights ongoing press freedom concerns.
Türkiye Sees Strongest Foreign Investor Interest Since 2013
Finance Minister Mehmet Şimşek reported intense investor interest, meeting 800 in major cities, driven by growth, fiscal discipline, and NATO position. Reserves doubled to $200 billion with near-zero current account deficit. He anticipates oil price falls supporting disinflation.
Turkiye and Saudi Arabia Sign $2B Solar Power Deal
Turkey and Saudi firm Acwa signed a deal for two 2,000 MW solar plants in Sivas and Karaman, powering 2.1 million homes. The agreement follows improved ties and Erdogan's Riyadh visit. Energy Minister hailed it as a major investment at lowest electricity prices.
Over 11,000 New Companies Established in Turkey in January
Union of Chambers data shows 11,115 new firms launched, down 4.7% yearly, with 818 involving foreign partners led by Syrians. Liquidations fell 12.6% year-over-year. This reflects sustained business interest despite headwinds.
Turkish FM Holds Sideline Talks with Cambodia and Vietnam
Foreign Minister Hakan Fidan met Cambodia's PM Hun Manet and Vietnam's counterpart in Washington during Peace Board inaugural. Details undisclosed, aligning with Asia Anew Initiative for deeper ties. Türkiye expands Asia-Pacific engagement.
Turkey Secures 44 Eurofighter Jets, More in Negotiation
Turkey guaranteed at least 44 Eurofighter Typhoon jets, potentially up to 56 via Qatar and Oman talks. This bolsters defense capabilities. Negotiations continue for expansion.
Spain and Turkey in €2.6 Billion Combat Jets Deal
A €2.6 billion deal for combat jets draws Spain and Turkey closer amid strategic ties. The agreement advances military cooperation. It highlights growing defense partnerships.
Low Education Spending Threatens Turkey's Long-Term Growth
Education spending at 4.9% GDP in 2024, with public share at 3.5%, lags European averages and per-student levels rank low. Decline since 2016 risks human capital and competitiveness. Reforms needed for vocational skills and employability.