Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......
Türkiye’s industrial sector began the year with modest growth, reflecting mixed performance across key subsectors of the economy. According to data released by the Turkish Statistical Institute, the country’s industrial production index recorded a 1.1% increase in January compared......
The Turkish stock market started Thursday’s trading session on a positive note, with the benchmark BIST 100 index opening higher compared to the previous closing level. At the beginning of the session, the index reached approximately 13,062 points, marking an increase of about 0.9 percent from......
Türkiye’s floriculture sector has experienced a surge in activity ahead of International Women’s Day, with around 80 million flowers exported to 35 countries around the world. The shipments, largely composed of carnations and hyacinths, were prepared mainly in greenhouses located in......
Europe channelled €45 billion into wind energy projects in 2025, installing 19.1 gigawatts of new capacity despite industry warnings that planned EU policy reforms could weaken investor confidence. According to WindEurope’s annual report, total installed capacity reached 304 gigawatts, up......
Türkiye’s exports totaled $20.31 billion in January, marking a 4% decrease compared to the same month a year earlier, according to figures released by the Turkish Statistical Institute. Data showed that imports edged up by 0.1% year-on-year to $28.69 billion, pushing the monthly trade deficit......
Türkiye recorded a central government budget deficit of 214.5 billion Turkish liras ($4.9 billion) in January, according to official data released by the Treasury and Finance Ministry. The ministry reported total budget revenues of 1.42 trillion liras ($32.38 billion) for the month, while expenditures......
Türkiye's population exceeded 86 million in 2025, according to official data, marking an annual increase of over 427,000 people. The growth was accompanied by a slightly higher number of men than women, with males accounting for 50.02% of the population. Istanbul remains the country's largest......
Turkish President Recep Tayyip Erdoğan has appointed two new deputy governors to the Central Bank of the Republic of Turkey, according to an announcement published in the Official Gazette on Tuesday. The appointments include Fatma Özkul, who previously served as a member of the bank's monetary......
Turkey’s unemployment rate fell to a historic low of 7.7% in December, marking the lowest level recorded since official data tracking began in 2005, according to figures released by the Turkish Statistical Institute. The decline represents a sharp improvement compared with November, when unemployment......
Global economic power in 2026 remains highly concentrated, with a handful of countries accounting for a large share of worldwide output. According to international economic projections, total global gross domestic product (GDP) is expected to reach approximately 123.6 trillion dollars, reflecting steady......
Fitch Ratings revised Türkiye’s outlook to positive on Friday while maintaining its long-term foreign-currency issuer default rating at BB-. The move reflects a faster-than-expected improvement in the country’s external buffers, signaling enhanced financial stability. The international......
Türkiye has reached a historic milestone as its international reserves exceeded the $200 billion mark for the first time, according to data released by the country’s central bank. As of January 16, total official reserves stood at approximately $205.2 billion, reflecting a weekly increase......
