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.
Analysis
In-Depth Analysis
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GARANTI BBVA FINED 1.55 BILLION LIRA
Garanti BBVA, the high-street bank majority-owned by Spain’s BBVA, has agreed to pay a fine of 1.55 billion liras ($31.8 million) after settling an antitrust investigation into labor market practices, the lender disclosed on the Public Disclosure Platform (KAP).
SAUDI ARAMCO INSPECTS OYAK’S FUEL NETWORK TO ENTER TURKISH MARKET
Saudi Aramco executives have inspected fuel facilities across Turkey owned by military pension fund OYAK, signaling advanced partnership talks to enter the retail fuel market.
FUND CRISIS HAMMERS MARKETS, SPARKS INTERVENTION
The central bank and other regulator bodies stepped in to stabilize financial markets after alleged market manipulation, fraud and fund mismanagement sparked a major equity sell-off and corporate defaults.
CHINESE TRAVEL PLATFORM PREPARES TURKEY ENTRY
Fliggy, Chinese tech giant Alibaba’s travel platform, is preparing to enter the Turkish market as parliament considers new legislation to regulate foreign digital booking platforms.
CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37% AS EXPECTED
Turkey's central bank held its benchmark interest rate steady on Sept. 10, matching market expectations as energy cost pressures continue to pose risks to the inflation outlook.
ECONOMY GROWS 2.3% IN Q2, SLOWEST EXPANSION SINCE PANDEMIC
The economy grew by 2.3% year-on-year in the second quarter of 2026, extending its continuous growth streak to 24 quarters but missing market expectations of 2.8%.
GOVERNMENT CONSIDERS 10% TAX ON CORPORATE MONEY MARKET FUNDS
The Finance Ministry has finalized preliminary work to redirect short-term capital inflows toward long-term, productive investments, according to a report by Bloomberg HT.
CENTRAL BANK RESUMES REPO AUCTIONS, DE FACTO RATE CUT
The central bank has resumed one-week repo auctions after a nearly six-month pause, an operational shift that effectively lowers market funding costs and paves the way for official policy rate cuts.
BIG MAC INDEX SUGGESTS LIRA IS SEVERELY OVERVALUED
Former Treasury Undersecretary and prominent economist Mahfi Eğilmez calculated that the fair value of the US dollar should be 65 liras based on the Big Mac Index, far above the market exchange rate of 47.50 liras and warned that the holding the exchange rate below its fair value inflates the country's GDP and per capita income figures on paper without making Turks any richer.
NEW BILL TO CLEAR PATH FOR BOOKING.COM RETURN AFTER 9-YEAR BAN
A new legislative proposal submitted by ruling party AKP lawmakers aims to allow foreign online travel agencies, including Booking.com, to return to the Turkish market under a structured legal framework after nearly nine years of suspension.
AUTO MARKET SHRINKS, YEAR-END CONTRACTION MAY HIT 20%
The passenger car and light commercial vehicle market shrank by 10.72% in the first seven months of 2026.