Economy
Economy category that groups up-to-date and relevant content under a clear thematic scope for easier discovery and consistent editorial organization.
Brent Oil Prices Surpass $98 as Geopolitical Tensions Heighten Supply Concerns
Brent crude rose to $98.06 a barrel amid Middle East tensions and attacks on Saudi energy facilities, fueling worries over supply disruptions.
Geopolitical Risk Pressures the Stock Market: BIST 100 Index Falls to 14,102.43 Points
The BIST 100 index fell 0.35% to 14,102.43 points amid geopolitical tensions and rising oil prices, while the banking sector gained and the IT sector lost the most.
Foreign Exchange Forecasts for USD/TRY After OVP: 2026-2027
Foreign banks project USD/TRY rates to range between 50‑54.01 TL in Q4 2026, 51.20‑58.74 TL in Q1 2027, and 53.10‑63.27 TL in Q2 2027.
New Steps for TROY, Digital Turkish Lira, and Investor Risk Center in the New OVP
The New Medium-Term Program plans to expand the domestic card scheme TROY, complete the infrastructure for the Digital Turkish Lira, and establish an Investor Risk Center to detect systemic risks early.
Turkey Announces 2027-2029 Medium-Term Economic Program
President's Vice President Cevdet Yılmaz unveiled Turkey's 2027-2029 Medium-Term Program, targeting 3.3% growth and 28.4% inflation for 2026.
Greek Prime Minister Announces 4.06 Billion Dollar Economic Package
Prime Minister Kyriakos Mitsotakis unveiled a €3.5 billion (US$4.06 billion) economic package in Thessaloniki, offering benefits such as €400 annual pension payments, €500 bonuses for civil servants, tax exemptions up to €20,000 for farmers and families with three children, and a 50 % discount on advance tax payments for freelancers and businesses.
2027-2029 Mid-Term Program Published in Official Gazette
The 2027-2029 Mid-Term Program (MTP) prepared by the Ministry of Treasury and Finance and the Presidential Strategy and Budget Office was published in the Official Gazette, outlining Turkey's economic targets and strategic priorities for the period.
AKP's New Medium-Term Plan: Growth Targets Cut, Inflation Forecasts Raised
The AKP's Medium-Term Plan for 2027‑2029 lowers the 2026 growth target to 3.3% while raising the inflation forecast to 28.4%, aiming for 5% growth, 9% inflation, and 2.1 million new jobs by 2029.
OVP 2026 Inflation Forecast Rises to 28.4%
The 2026 inflation forecast in Turkey's new Medium‑Term Program was raised to 28.4%, with growth projected at 3.3% and unemployment at 8.1%.
Heavy Snowfall and Low Temperatures in Niğde
Heavy snowfall and temperatures below freezing continue in Niğde, causing road closures and prompting authorities to advise residents to use alternate routes.
RedColour Wins Green Economy Award at the 18th Global Warming Summit
At the 18th Global Warming Summit and Green Economy Awards held in Diyarbakır, RedColour was awarded the Green Economy Award for its sustainable production strategy since 2010.
RedColour Wins Green Economy Award at 18th Global Warming Summit
At the 18th Global Warming Summit held in Diyarbakır on February 26, 2026, RedColour received the Green Economy Award for its environmentally friendly production practices.