News about Turkey

Turkey will host the leaders of all 32 NATO member countries in Ankara on July 7–8 as part of the 36th NATO Summit. Also in attendance will be dozens of invited leaders, nearly 100 ministers, high-ranking diplomats, representatives of international organizations, and thousands of foreign guests.

A second drone, whose origin has not yet been determined, has been discovered on Turkey’s Black Sea coast in the past five days. The drone was washed ashore by the waves on Çakraz Beach in the Amasra district of Bartın Province.

Turkish President Recep Tayyip Erdogan received Venezuelan Interim President Delcy Rodriguez, who arrived in Ankara at his invitation. The meeting focused on the steps needed to achieve the goal of increasing bilateral trade to $3 billion.

The Baku-Tbilisi-Ceyhan pipeline (BTC) has transported about 557 million tons of Azerbaijani oil over the 20 years of its operation.

The Republic of Moldova and Turkey seek to enhance cooperation in the fields of culture, heritage and tourism by launching joint projects aimed at bringing the two societies closer together.

Turkish resorts are forced to cut prices and launch large-scale discount offers amid a noticeable drop in tourist demand. Hoteliers are trying in this way to keep the load at the peak of the season, while, according to market participants, the country may lose about 8-10 million dollars daily due to the reduction in tourist traffic.

Turkey’s economy slowed in the first quarter. The central bank tightened monetary policy to reduce risks associated with the conflict with Iran. The shock caused volatility in the energy market and complicated the Turkish central bank’s efforts to curb inflation. Turkey imports a significant amount of oil and natural gas, making its economy particularly sensitive to changes in global energy prices.

Turkey’s state-owned banks were forced to make large-scale currency interventions following a court ruling against a Turkish opposition leader, and the stock market collapsed 6.1 percent in a short time.

On Friday, investment bank JPMorgan warned that Turkey’s central bank is likely to raise its key interest rate to 40%. The increase could come before the next scheduled meeting in June, given the current market volatility caused by political factors.

The government is preparing to approve the establishment of the Recep Tayyip Erdogan Moldovan-Turkish College in Comrat, based on bilateral cooperation between the Republic of Moldova and the Republic of Turkey in vocational education. The corresponding project was discussed at a meeting of the secretaries general.

As of January 31, 2025, the countries with the highest incarceration rates were Turkey (458 prisoners per 100,000 inhabitants), Azerbaijan (271), Republic of Moldova (245), Georgia (232), Hungary (206), Montenegro (200), Albania (192), Poland (189), Latvia (189), Czech Republic (178), Serbia (174), Lithuania (154), and Slovakia (151).

Romania’s Ministry of Finance released a stunning report on May 13 detailing a massive, repeated flow of cash across the country’s borders throughout 2024 and 2025.

The period from 2026 to 2035 has been declared the “Decade of Family and Demography” in Turkey.

The products of the Chisinau-based factory Viorica Cosmetic entered the Turkish retail market and started to be sold in the BIM chain of stores. This was reported by the Moldovan Embassy in Turkey.

Turkish President Recep Tayyip Erdoğan has welcomed the initiative to increase the number of scholarships for young people from Moldova, including ATU Gagauzia. This was stated by Moldovan MP Alexandru Vershinin. After a short conversation with Turkish President Recep Tayyip Erdogan in Istanbul, Vershinin concluded that Erdogan was aware of the uneasy relations between Chisinau and Comrat.

Within the Antalya Diplomatic Forum, President Maia Sandu held a number of bilateral meetings, including with the President of Turkey, the forum’s host country. Messages about the meetings were published by Maia Sandu in a brief format on social networks.

Turkey has become the 4th largest deepwater drilling fleet in the world and is now independently searching for natural gas and oil in its own seas.

In the first quarter of 2026, Turkish carpet manufacturers increased exports of their products and brought the amount of export revenue to $634.4 million.

A direct rail line will be built between the two airports in Istanbul, Turkey, separated by the Bosphorus Strait, which will make it much easier to travel when transferring, Logos Press reported.

Tour operators report that tourists are reconsidering or canceling plans for vacations in Turkey due to the aggravation of the situation.