Latest News from Turkey
Turkish FM Fidan Stresses Preventing Lasting Hostilities in Middle East War
Foreign Minister Hakan Fidan emphasized preventing the US-Israel initiated war from expanding and creating regional instability. He highlighted talks with Pakistan, Egypt, and others, hinting at a weekend meeting in Pakistan. Türkiye aims to stop the war and keep itself out of it.
9,432 New Companies Established in Turkey in February, Up 3.3% YoY
Türkiye saw 9,432 new companies in February, a 3.3% increase year-on-year, with liquidations down 7.4%. 804 firms had foreign partners, mainly from Syria and Iran.
This reflects economic growth, with 3.6% GDP rise in 2025.
President Erdoğan Holds Closed-Door Meeting with WEF Chief in Istanbul
President Erdoğan met World Economic Forum's Laurence Fink and BlackRock executives, joined by Finance and Energy Ministers. Discussions focused on investment and economic cooperation.
It underscores Türkiye's push for foreign direct investment.
Turkey Prepares to Use Gold Reserves to Stabilize Lira Amid Inflation
Central Bank plans to swap gold reserves for foreign currency on London market to counter inflation at 31.53% and lira pressure. Total gold stock is $135 billion, with $30 billion readily available.
This follows $16 billion in foreign bond sales.
Stratcom Summit 2026 Kicks Off in Istanbul on Global Instability
Leaders gathered in Istanbul for Stratcom 2026 to discuss instability, mediation diplomacy, AI, and digital platforms. TRNC Foreign Minister criticized UN Security Council on Cyprus issue.
Summit addresses information warfare and legitimacy crisis.
Uşak Mayor Detained in Bribery Probe Amid Opposition Crackdown
Authorities detained Uşak mayor and 10 others in a bribery investigation. This is part of expanding legal actions against main opposition.
The probe highlights growing anti-corruption efforts.
Türkiye Hailed as Education Success Story at UNESCO Paris Meeting
International officials praised Türkiye's education achievements at UNESCO in Paris. The country was spotlighted as a model for progress.
This recognition comes amid global education discussions.
Ankara's Diplomatic Campaign to De-escalate US-Israel-Iran War
Türkiye conducts active diplomacy post-US/Israel war on Iran launched Feb 28 to seek peaceful resolution. Efforts aim to counter regional tensions.
Analyst notes economic impacts like rising energy costs.
Middle East War Impacts Türkiye's Economy with Inflation and Supply Disruptions
The US-Israel-Iran war raises oil costs, widens deficits, and hits tourism and supply chains in textiles, autos. Inflation surges from higher imports; global trade slows.
Türkiye shows strategic patience.
Emine Ülker Tarhan Returns to CHP, Raising Party Direction Questions
Emine Ülker Tarhan’s return to CHP sparks debate on opposition party's future. This political development occurs amid regional crises.
Analysts question internal dynamics.
European Parliament Votes to Exclude Turkey from Horizon Europe Defence
EP SEDE committee voted 29-5-1 to bar Türkiye from defence components of Horizon Europe 2028-2034. Cypriot MEP's amendment drives the decision.
It affects EU-Turkey research cooperation.
Türkiye Positioned to Aid South Caucasus Economic Diversification
Türkiye can boost trade via Armenia border opening and Middle Corridor integration. It bridges EU, Caucasus, Central Asia with investments in manufacturing, logistics.
Geopolitical shifts create opportunities.