Turkey in January 2026: the most important developments in economy
In Turkey in January 2026, the economic news was dominated by records and corporate milestones. Turkish Airlines reported a record 92.6 million passengers in 2025 and broke ground on new facilities worth $2.3 billion. The Turkish stock exchange set a record in the first week of trading, car sales reached a record in 2025 as electric vehicles gained share, and the defense company Aselsan became the first Turkish firm to reach a market capitalization of $30 billion. The central bank's reserves were estimated to have risen by more than $7 billion in one week, and President Erdogan praised the economy's resilience.
In energy and infrastructure, the state oil company TPAO signed a memorandum of understanding with an ExxonMobil unit on oil and gas, and Turkey began oil exploration off the coast of Somalia. Turkey is to start work on a new offshore airport in the Black Sea. Israel was reported to be importing Azerbaijani oil via Turkey despite an existing ban. The drone maker Baykar plans to scale up production of its Piaggio aircraft and expand in the United States, and Turkey's auto industry, after record exports in 2025, is preparing for new EU regulatory tests. Turkish competition authorities raided the office of the online retailer Temu.
by WorldBrief & Maksim Micheliov | AI-generated summary
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