Economy
Economy category that groups up-to-date and relevant content under a clear thematic scope for easier discovery and consistent editorial organization.
Unemployment Insurance Fund Announces 3-Year Plan for 2027‑2029 Period
President Cevdet Yılmaz unveiled a three‑year plan for the Unemployment Insurance Fund, detailing its use, balances, and expected cuts for 2027‑2029.
Cognition Achieves $48 Billion Valuation in Three Years
San Francisco-based AI company Cognition has reached a $48 billion valuation in just three years, drawing intense investor interest.
Hamidiye Water Prices Increase: New Tariff Enters Effect with 13.33% Rise
Hamidiye Water, a subsidiary of Istanbul Metropolitan Municipality, raised its water prices by up to 13.33% starting September, with the 19‑liter returnable bottle jumping from 150 TL to 170 TL.
120 GW Rooftop Solar Potential: A Chance to Lower Electricity Bills
Turkey could meet about 45% of its electricity demand with rooftop solar, and a 2025 regulatory change cutting permit times from 48 to 18 months is expected to accelerate investment and boost energy independence.
BIST 100 Index Rises in First Half of the Day
The BIST 100 index rose 0.81% to 14,522.59 at 13:00 on September 9, 2026.
New Route in Energy: Oil Exploration Begins in Western Black Sea
Turkey announced the start of oil exploration in the Western Black Sea, aiming to add new reserves and boost production.
Employment Growth in Manufacturing Sector: 108,000 New Jobs
According to a TEPAV report, June 2026 saw 108,000 new jobs created in Turkey’s manufacturing sector, ending a two‑year annual decline.
Garanti BBVA Investment: Hülya Türkmen's Selective and Planned Investment Strategy
Garanti BBVA Investment General Manager Hülya Türkmen emphasized the importance of selective and planned investing amid market volatility in early 2026, advocating a gradual approach focused on strong balance sheets and long‑term value creation.
ECB 2nd Rate Hike Signal: Lagarde's Statements Affect Markets
The ECB is poised for a second rate hike in 2026 amid rising energy costs and inflation, with economists predicting a 25‑basis‑point increase and markets awaiting Lagarde’s comments.
Yeni Şafak Criticizes Government on Economy: Companies Driven to Bankruptcy by High Interest Rates
Yeni Şafak highlights the impact of high interest rates on Turkish companies, calls for policy changes, and proposes fuel tax cuts, import duties, and currency stabilization measures.
Defense Industry is Changing Youth Career Choices
Turkey’s defense industry aims to create 158,000 jobs by 2028, offering new career paths in electrical‑electronic engineering, AI, and related fields, reshaping the employment landscape for young people.
Digital Payments Added 574 Billion TL to Turkey's Economy in 2025
Mastercard’s 2025 report shows digital payments contributed 574 billion TL to Turkey’s economy, boosting tax revenue, tourism, and household consumption.