ELECTRONICS GIANT VESTEL IN SEVERE FINANCIAL DISTRESS
Electronics and home appliances exporter Vestel Elektronik faces growing financial pressure as Moody’s cut its long-term rating and warned of a very high risk of default.
Analysis
In-Depth Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
MADE IN TÜRKİYE
In December of last year, the Chinese carmaker SWM Motors began production in Eskişehir, with ambitious plans. Annual production of 20,000 to 25,000 vehicles was to grow substantially and the factory was eventually to serve as a base for exports to the Balkans and neighboring markets.
EXPORTERS FEAR $350 BILLION CHINESE TRADE SHIFT
Turkish exporters face market loss and price disruption as China redirects $350 billion in production away from the US toward markets where Turkish goods are sold, business leaders warned.
EXPORTERS TARGET $10 BILLION TRADE VOLUME WITH SYRIA
Turkish business leaders aim to grow trade with Syria to $10 billion a year and take part in the country's reconstruction after years of conflict.
TURKEY TO SELL US-MADE MISSILES TO UKRAINE
Ankara has requested permission from Washington for the re-export of US-manufactured ammunition in its inventory to Ukraine.
US SLAPS 12.5% TARIFF ON TURKISH GOODS WHILE EXEMPTING ASIAN COMPETITORS
Turkish industrialists criticized a new United States’ decision to impose a 12.5% tariff on Turkish products under Section 301, warning that the move places key export sectors, especially textiles and apparel, at a severe disadvantage.
TURKEY'S DEFENSE EXPORT SUCCESS NEEDS A RESPONSIBILITY CHECK
The NATO summit in Ankara provided an important opportunity for Turkey to showcase the progress of its defense industry. By now, few can have missed the fact that Turkey has become the world's 11th-largest arms exporter.
APPAREL EXPORTERS DEMAND SPECIAL RECOVERY PACKAGE
Suffering from a loss of competitiveness due to the weak lira and high inflation, the head of the Istanbul Apparel Exporters Association (IHKIB) has requested a three-year support program to save the ready-to-wear sector.
FIRST WARSHIP EXPORT TO A NATO AND EU MEMBER
The first of the Hisar-class ships designed to meet the navy's patrol requirements, was sold and delivered without ever entering the inventory.
CASH FLOW BECOMES PRIORITY IN SHIPBUILDING
Turkey is considering generating cash flow by exporting newly built naval platforms originally designed to meet domestic requirements. The first of 10 light corvette-class vessels planned for the Turkish Navy, the TCG Akhisar (P-1220), was sold straight to Romania without entering the Turkish inventory after its completion in December 2025. Ankara is now in talks to sell two newly built I-class (Istanbul/İstif-class) frigates to Indonesia.
KEY DETAILS EMERGE ON HÜRJET EXPORT TO SPAIN
Significant details regarding the terms of the agreement now coming to light. The Spanish industry will receive the lion’s share of production.
ANKARA DENIES REPORTS OF IRANIAN GAS CUTOFF
Energy Minister Alparslan Bayraktar denied media reports that Iran stopped natural gas exports to Turkey following an Israeli military strike on the South Pars gas field on March 18.