June 2026

June confirms the resilience of the Turkish economy despite an environment still marked by high inflation and a restrictive monetary policy.

Türkiye recorded GDP growth of 2.5% in Q1 2026, a slight slowdown compared with previous quarters, yet one that continues to demonstrate the economy’s ability to maintain its momentum. This performance was supported by **domestic consumption** and selected service sectors, which partly offset weaker external demand.

Inflation remains the country’s main challenge. Annual inflation stood at 32.6% in May 2026, driven by rising prices for food, energy and essential services. Against this backdrop, the Central Bank has maintained a cautious stance, keeping its policy rate at 37% for the third consecutive meeting.

At the macroeconomic level, international institutions, including the IMF, continue to hold a broadly positive but cautious outlook, forecasting **annual growth of between 3% and 3.5%.

Despite these challenges, the country continues to attract the attention of international manufacturers. June was notably marked by the Turkish-German Energy Forum held in Ankara, which brought together policymakers, industrial leaders and investors to discuss the energy transition and industrial cooperation. The announcement of new partnerships, particularly in the wind energy sector, reflects Türkiye’s determination to strengthen its industrial base and reinforces its position as a strategic manufacturing hub for energy technologies.

On the international stage, Türkiye is preparing to host the NATO Summit on 7–8 July. It will be only the second time the country has welcomed Allied leaders since the Istanbul Summit in 2004.

This decision, approved by consensus among NATO Allies, underscores Türkiye’s strategic role within the Alliance. Home to NATO’s second-largest military in terms of personnel and located at the crossroads of Europe, Asia, the Middle East and North Africa, Türkiye has established itself as a key player in security, energy and logistics. For Ankara, the summit also represents an opportunity to reaffirm its status as a regional power and a key partner within the Atlantic Alliance.

Economic & business news from Türkiye

Türkiye’s economy grows by 2.5% in Q1 2026

The Turkish Statistical Institute (TÜİK) has released GDP data for the first quarter of 2026. Türkiye’s economy expanded by 2.5% year-on-year, while quarter-on-quarter GDP increased by 0.1%. Calendar-adjusted GDP rose by 2.6% compared with the same quarter of the previous year.

GDP reached USD 389.6 billion in Q1 2026. The main sectoral developments were as follows:

• Information and communication: +9.5%
• Other service activities: +5.2%
• Agriculture: +4.6%
• Trade, transportation, accommodation and food services: +3.7%
• Financial and insurance activities: +3.5%
• Construction: +3.2%
• Real estate activities: +3.0%
• Taxes on products less subsidies: +2.0%
• Professional, administrative and support services: +1.9%
• Public administration, education, human health and social work activities: +1.8%

By contrast, the industrial sector contracted by 0.8%.

Household final consumption expenditure increased by 4.8% in chained volume terms compared with the first quarter of 2025. Government final consumption expenditure rose by 2.1%, while gross fixed capital formation increased by 3.0%.

Source: Dünya, 1 June 2026.

Launch of a plasma fractionation plant in Ankara

The South Korean group SK Plasma has begun construction of a plasma fractionation facility in Ankara through its joint venture Protürk, established with the Turkish Red Crescent (Türk Kızılay).

• Investment: EUR 500 million
• Location: Çubuk (Ankara)
• Total area: 36,000 m²
• Capacity: 600,000 liters of plasma per year
• Expected commissioning: 2030

The objective is to reduce Türkiye’s dependence on imported plasma-derived medicines and to develop domestic production capacity for essential treatments such as albumin, intravenous immunoglobulins (IVIG), and Factor VIII.

However, the project’s significance also lies in its business model. Until the Turkish plant becomes operational in 2030, plasma collected in Türkiye will be processed in South Korea and then re-exported as finished products. In parallel, SK Plasma will support the development of local capabilities through:

• Technology transfer
• Staff training
• Operational support
• Direct equity participation in the project

This approach enables Türkiye to progressively build production autonomy while offering the Korean industrial group a sustainable partnership based on expertise sharing, industrial cooperation, and local value creation.

The strategy has already been implemented in Indonesia and is part of a broader ambition: to eventually connect production sites in South Korea, Indonesia, and Türkiye in order to create an integrated regional network capable of securing the supply of plasma-derived medicines across multiple markets.

Source: Korea Biomedical Review (KBR), 15 June 2026.

US insurance giant Acrisure enters Türkiye

The US-based group Acrisure has announced its entry into the Turkish market through a strategic partnership with Monopoli Sigorta, one of the country’s leading insurance intermediaries.

Founded over 25 years ago in Istanbul, Monopoli Sigorta will retain its brand and management team. In 2016, the company was among the first Turkish insurance intermediaries to attract institutional investment, with EMF Capital Partners taking a stake in the business, supporting its structuring and international expansion.

Beyond the transaction itself, the partnership is based on strong complementarity:

• Monopoli Sigorta brings deep expertise in the Turkish market, trusted relationships, and an entrepreneurial culture
• Acrisure contributes global capabilities in insurance, technology, data analytics, and risk management consulting

The aim is to offer both individual and corporate clients more advanced insurance solutions, improved risk assessment, and enhanced operational capabilities. Partner insurance companies are also expected to benefit from more sophisticated tools in data management, reporting, operational excellence, and artificial intelligence.

This transaction highlights both the attractiveness of the Turkish market and the increasing integration of its players into global financial services platforms.

Source: Acrisure press release, 3 June 2026

Gratis selects French company Vusion to accelerate its digital transformation

Gratis, a leading Turkish hygiene and beauty retailer with more than 800 stores, has selected Vusion, a French specialist in in-store digitalization solutions, to support the next phase of its digital transformation. The project includes the deployment of approximately 2 million electronic shelf labels across 300 stores in its initial phase.

Founded in Istanbul in 2009, Gratis is now present in all 81 provinces of Türkiye, operating over 800 stores and employing 9,000 people. The company aims to reach 1,500 stores by 2030.

In a context marked by rapid price changes and increasingly demanding customer expectations, retailers are seeking solutions that improve efficiency while enhancing the in-store experience.

Through this deployment, Gratis aims to:

• Strengthen pricing agility
• Improve the accuracy of shelf information
• Reduce manual tasks performed by staff
• Prepare for the development of future connected services and retail media initiatives

As highlighted by Aykut Demirci, Vice President of Sales at Gratis, the retailer was looking for “a partner capable of meeting both our current needs and our future ambitions.”

For Vusion, this announcement also represents a key milestone in its expansion in Türkiye. Sébastien Fourcy, SEVP EMEA of the group, stated that the partnership reflects “the strong commercial momentum we are building in Türkiye,” a market that has become a strategic growth driver for the company in the EMEA region.

This operation illustrates a broader trend: major Turkish retailers are increasingly investing in technologies that make stores more connected, more efficient, and more data-driven. This evolution confirms the strong potential of the Turkish market for international players in retail technology and digital transformation.

Source: Vusion press release, 23 June 2026

Belgian brand DiBO enters Türkiye through partnership with Armaksa

Belgian cleaning technology specialist DiBO Cleaning Systems has entered the Turkish market through a distribution agreement with Armaksa, a leading player in professional equipment distribution in Türkiye.

This partnership aims to bring DiBO’s full expertise in industrial cleaning and professional washing technologies to Turkish companies and regional markets.

Recognized across Europe for the quality of its equipment, reliability, engineering know-how, and environmental commitment, DiBO seeks to address growing demand for efficient and sustainable cleaning solutions.

Christophe Lenaerts, Sales and Distribution Director at DiBO, stated: “We are delighted to offer DiBO solutions to customers in Türkiye and the region through an experienced and well-established partner such as Armaksa.”

Founded in 1995, Armaksa serves the industrial cleaning sector, municipalities, airports, infrastructure management, and businesses with a wide range of vehicles, machines, and professional equipment.

This cooperation highlights the growing attractiveness of the Turkish market for international industrial technology players, as well as the increasing sophistication of demand for professional equipment.

Source: Joint press release DiBO / Armaksa, June 2026

Next Yacht Group strengthens its presence in Türkiye

Italian shipbuilder Next Yacht Group has announced the creation of “Next Yacht Turkey” following a strategic partnership with YSC Yacht Sales Center, a well-established player in Türkiye’s nautical sector. Under this agreement, YSC Yacht Sales Center becomes the official distributor of the Maiora and ABYachts brands in Türkiye. In addition to sales activities, the company will also provide technical support, customer relationship management, and after-sales services on behalf of the group.

Surrounded by three seas and featuring more than 8,000 km of coastline, Türkiye offers internationally renowned seaside destinations such as Bodrum, Marmaris, and Antalya. The country has established itself as one of the leading luxury yachting destinations, driving sustained demand for high-end yachts.

For Next Yacht Group, this partnership marks another step in its international expansion strategy, following the recent launches of Next Yacht Spain, Next Yacht Adriatic, and Next Yacht Germany. Giorgio Mattei, Vice President of Next Yacht Group, stated: “This partnership represents a major strategic milestone in our Group’s international growth. Türkiye is today a highly dynamic and receptive market in the luxury yachting sector.”

With its world-class nautical infrastructure and exceptional coastal destinations, Türkiye continues to strengthen its position as a leading luxury yachting destination in the Mediterranean.

Source: Pressmare, 9 June 2026

German group Enercon steps up its industrial expansion in Türkiye

German wind energy giant Enercon is entering a new phase in Türkiye through a major strategic partnership signed with Turkish companies Ateş Wind Power and Ateş Çelik, centered on its flagship E-175 EP5 E2 (7 MW) turbine. The agreement was formalized during the Turkish-German Energy Forum held in Ankara.

This deal marks a shift to a new stage: the production in Türkiye of key turbine components, including generators and hybrid steel towers.

Enercon has maintained a long-standing presence in Türkiye since 1998 and has already installed more than 4 GW of capacity in the country.

This new phase represents a significant increase in local industrial integration, which will result in:

• Local production of generators in Bergama (Izmir)
• Manufacturing of hybrid tower components in Bandırma
• Up to 120 generators produced per year
• Approximately 300 local jobs created

Production of generators is set to begin in Q4 2026, while the first tower components are expected in 2026.

With this agreement, Enercon is not only producing in Türkiye; it is strengthening a key industrial pillar of its global strategy. Türkiye continues to establish itself as a strategic hub in the onshore wind value chain across Europe and beyond.

Source: Energy Global, 23 June 2026

Nishitetsu selects Istanbul to accelerate regional expansion

The Japanese group Nishitetsu, a major player in international transport and logistics, has announced the opening of a representative office in Istanbul.

Present in 27 countries through 119 logistics facilities, Nishitetsu aims to use Istanbul as a strategic base to strengthen its regional network and support its expansion in key sectors such as semiconductors, automotive, and textiles.

With its unique geographical position, continuously modernized transport infrastructure, and direct access to multiple regional markets, Türkiye is attracting an increasing number of international players seeking to secure and diversify their supply chains in a context of geopolitical uncertainty.

Beyond this establishment, the decision confirms a broader trend: Türkiye is increasingly positioning itself as a strategic logistics platform connecting Europe, the Middle East, Asia, and Africa.

This new presence further illustrates Türkiye’s attractiveness as a regional hub for international investment and high value-added logistics operations.

Source: Türkiye Today, 13 June 2026

Skyblue Cinematix enters the Turkish market

The Malaysian group SkyBlue Group, through its entertainment division Skyblue Cinematix, has officially announced its entry into Türkiye.

Already active across Asia, the Middle East, and Africa, the group is continuing its global expansion strategy by selecting Türkiye as a new regional hub for content production, international distribution, and brand integration within audiovisual productions.

The objective is to further connect Turkish productions to international markets by developing:

• Brand integration in Turkish TV series and films
• High-value product placement
• International distribution partnerships
• Co-productions between Türkiye, India, South Korea, and the MENA region

Today, Türkiye is one of the global powerhouses of the audiovisual industry, with more than 300 productions exported annually, a presence in nearly 200 countries, over USD 500 million in export revenues, and an estimated global audience of nearly 1 billion viewers. This ecosystem is increasingly attracting international players seeking to participate in its growth.

The arrival of Skyblue Cinematix highlights both the potential of the Turkish market and its ability to attract investment in creative industries.

Source: Business Insider, 11 June 2026