October 2025

Türkiye’s economy continues to demonstrate resilience in a global environment still marked by uncertainties. Despite persistent inflation (33.29% in September, compared to 32.95% in August) and an occasionally shifting political context, Türkiye remains on course: pursuing growth and international openness.

This strength is reflected in the upward revisions from international institutions: the World Bank has raised its growth forecasts for Türkiye from 3.1% to 3.5% for 2025, from 3.6% to 3.7% for 2026, and from 4.2% to 4.4% for 2027. The IMF shares this trend, adjusting its forecast from 3% to 3.5% for 2025.

On the domestic front, investment dynamics confirm the confidence of economic actors. Foreign direct investments (FDI) surged by 58% during the first eight months of the year, reaching USD 10.6 billion. The most attractive sectors were wholesale and retail trade (USD 2.5 billion), information and communication (USD 1.2 billion), and the agri-food industry (USD 1.2 billion).

Internationally, Türkiye continues its strategy of opening up and diversifying partnerships. The country aims for a trade volume of USD 40 billion with the African continent in 2025, after surpassing USD 37 billion in 2024. The contract signed with Mercuria for a 20-year LNG supply (4 billion m³/year) and new energy agreements with Senegal and Libya demonstrate a commitment to ensuring the country’s energy security.

In terms of logistics, the signing of 12 international transport agreements (with Morocco, China, Spain, Saudi Arabia, etc.) strengthens Türkiye’s strategy of integration into major Eurasian corridors. Finally, the presidential tour of the Gulf in October 2025 resulted in the signing of 24 agreements and protocols in energy, defense, investment, and logistics.

With the aim of restoring economic stability, increasing investments, and strengthening international partnerships, Türkiye confirms its role as a key player at the crossroads of trade between Europe, Asia, and the Middle East.

Economic & business news from Türkiye

Turkish Airlines places a historic order with Boeing

The national carrier Turkish Airlines has reached a historic agreement with Boeing for the acquisition of up to 225 new aircraft:

• 75 wide-body B787-9 and B787-10 (50 firm orders and 25 options), deliverable between 2029 and 2034.
• 150 single-aisle 737-8/10 Max (100 firm and 50 options).

The optional orders will be placed subject to the successful conclusion of negotiations with engine manufacturer CFM International, which will supply engines, spare parts, and maintenance services for these aircraft.

These strategic orders mark a decisive step in the implementation of Turkish Airlines’ 2023–2033 plan, which aims to:

• Expand its fleet to over 800 aircraft by 2033, up from 485 currently.
• Fully modernize its aircraft with next-generation models by 2035.
• Improve operational efficiency and support an average annual growth of 6%.

Following the announcement of a 355-aircraft order with #Airbus at the end of 2023, Turkish Airlines confirms its ambitious strategy: strengthening its long-haul capacity and expanding its international presence. With one of the largest air networks in the world and massive investments in fleet renewal, the airline consolidates its status as a global aviation leader and moves closer to its goal of becoming a key reference in aviation by 2033.

Source: Anadolu Agency, September 26, 2025

Chinese DEC invests USD 250 million

The Minister of Energy and Natural Resources, Alparslan Bayraktar, announced that the Chinese group Dongfang Electric Corporation (DEC) plans to invest approximately USD 250 million to establish a wind turbine production plant in Türkiye with an annual capacity of 2,000 MW.

This investment is part of Türkiye’s energy strategy, which aims to reach 120,000 MW of installed wind and solar capacity by 2035. Currently, Türkiye has an installed capacity of about 36,000 MW in these two sectors.

DEC is a leading Chinese state-owned company specialized in the manufacture of energy equipment (steam, hydraulic, nuclear, and wind turbines, etc.). Based in Chengdu, Sichuan, the company is distinguished by its innovations: onshore turbines from 1.5 to 12.5 MW, offshore turbines up to 26 MW, diversified technological architectures, strong export capacity to numerous countries, and mastery of the supply chain. Its annual revenue reaches nearly USD 10 billion.

Beyond energy production, this project also aims to strengthen local manufacturing capacity for turbines and panels, reducing import dependency and creating new industrial opportunities.

This investment marks an important milestone for Türkiye in its energy transition and highlights the growing momentum of international cooperation in sustainable solutions.

Source: Dünya, September 30, 2025

Chinese Wasion takes stake in Turkish Satera

The Chinese energy technology giant Wasion Power Company announced a strategic 20% equity stake in Satera, a Turkish producer of smart electricity meters. This transaction marks the group’s first investment in Europe and the Middle East.

Founded in 2021 and based in Istanbul, Türkiye, Satera designs and manufactures 100% locally developed smart electricity meters. Its 5,000 m² production facility has an annual capacity of over two million units. After an initial phase of local partnership, the company quickly evolved into a fully independent structure, focusing on the development of smart domestic energy solutions.

Meanwhile, Wasion Holdings Limited, the parent company of Wasion Power, is a leading Chinese player in smart metering, energy distribution, and energy efficiency management. Listed on the Hong Kong Stock Exchange since 2005, it holds more than 20% of the Chinese high-end meter market and employs over 6,000 people across 20 countries.

This strategic alliance is expected to strengthen Wasion’s presence in the EMEA region, while supporting the international expansion of the group’s production and R&D.

Source: Türkiye Today, October 13, 2025

American Infinity acquires Turkish Meklas

The New York-based private investment firm Turnspire Capital Partners announced the acquisition of Meklas Otomotiv by its portfolio company Infinity Engineered Products, the global exclusive supplier of Goodyear® air suspensions.

Founded in 1986, the Turkish company Meklas is one of the leading European manufacturers of air suspensions for commercial vehicles, recognized for its strong production and engineering capabilities in Türkiye. This strategic move paves the way for significant industrial and commercial synergies:

• Strengthening Infinity’s production capabilities through Meklas’ expertise.
• Accelerating international development via the reintroduction of the Goodyear brand in Europe.
• Enhancing innovation, quality, and customer service on a global scale.

According to Char Zawadzinski, CEO of Infinity Engineered Products: "Integrating Meklas is a key step to accelerate growth, expand presence in new markets, and strengthen proximity to customers."

Abel S. Osorio, Partner at Turnspire Capital Partners and Chairman of Infinity, adds: "This transformative acquisition consolidates Infinity’s industrial capabilities and positions the company as a global reference player in Goodyear air suspensions."

With this acquisition, Infinity Engineered Products takes a further step toward becoming a global leader serving the transport and commercial vehicle sectors.

Source: Business Wire, October 6, 2025

Japanese Nissin Foods to produce its noodles in Türkiye

The Japanese instant noodle giant, Nissin Group, announces its strategic return to Türkiye with the acquisition of a factory in Sakarya (east of Istanbul), purchased from pasta producer Oba Makarna. The investment, estimated at USD 38.1 million, includes the site, production equipment, and associated assets.

Objectives: Develop instant noodle sales in Türkiye and then expand to neighboring markets (Central Asia, Middle East, North Africa).

Already present in the American, Australian, and Korean markets through recent acquisitions, this initiative is part of the group’s 2030 strategy, aiming to increase the share of operating profit from international operations to 45%.

Nissin had previously entered the Turkish market through a joint venture launched in 2012. After a few years of activity, the group decided to withdraw from the market in 2018.

This new establishment marks a strategic return of Nissin Foods and demonstrates its intent to seize growth opportunities in “robust” markets and continue expanding its footprint beyond Japan.

Source: Just Food, October 1, 2025

MNK International opens a subsidiary in Türkiye

MNK International, an independent Lloyd’s broker based in London, is strengthening its international presence with the acquisition of a new brokerage in Istanbul, Türkiye.

The new entity, MNK International Türkiye, will support Turkish companies with tailor-made insurance and reinsurance solutions, covering complex risks in sectors such as real estate, engineering, financial lines, and aviation.

Led by Erhan Ergüneş, who brings 20 years of industry experience, MNK International Türkiye will benefit from the global network and in-house capabilities of the MNK Group, including its MGAs (Managing General Agents) and other risk-bearing entities.

This strategic establishment will allow the company to:

Offer innovative and flexible solutions across multiple jurisdictions.

Address the specific needs of Turkish companies operating internationally.

Create sustainable partnerships in high-potential markets such as construction, engineering, aviation, and agriculture.

According to Manoj Kumar, President of the MNK Group: "This expansion in Türkiye marks a key milestone in our global growth. It will provide local clients with a unique level of service and flexibility in the market."

Source: MNK Group, October 20, 2025

5G Deployment: Türkiye Accelerates Its Digital Transformation

Türkiye has just completed the 5G network licensing auction in Ankara, marking a decisive step toward modernizing its communication infrastructure. USD 3.534 billion will be paid to the Treasury as a result of this operation, which allocates a total of 400 MHz across the 700 MHz and 3.5 GHz bands.

The three operators — Turkcell, Türk Telekom, and Vodafone — participated in the process.

Turkcell emerged as the main winner with 160 MHz and a bid of USD 1.224 billion, followed by Türk Telekom (USD 1.094 billion) and Vodafone (USD 627 million).

The official introduction of 5G is scheduled for April 1, 2026, covering all 81 provinces and 922 districts.

The leaders of the three operators each highlighted this historic moment:

• Turkcell emphasized a new era of connectivity and technological innovation.
• Türk Telekom highlighted the highest capacity per subscriber and over USD 20 billion in direct economic contribution.
• Vodafone stressed the launch of a network already 5G-ready and one of the largest international investments of 2025.

Finally, the BTK (Information and Communication Technologies Authority) reminded that Türkiye has locally developed the first prototypes of 5G core networks and stations and aims for a 60% domestic production rate in its infrastructure.

A major advancement that opens a new chapter in Türkiye’s digital revolution.

Source: Dünya, October 17, 2025

U.S. Markets Open to Turkish Investors

BtcTurk | Hisse, Türkiye’s first and the world’s fourth-largest platform for trading Bitcoin and cryptocurrencies, is entering traditional finance. Through a strategic partnership with DriveWealth, a U.S.-based fintech specializing in Brokerage-as-a-Service solutions, over 6 million Turkish investors can now directly access U.S. stocks and ETFs via the BtcTurk | Hisse platform.

This integration allows users to open and fund a brokerage account, invest in fractional shares, and enjoy a smooth, compliant, and secure investment experience. It represents a major step in the convergence of digital assets and traditional finance, particularly for investors coming from the crypto universe.

For DriveWealth, this partnership aligns with its mission to expand access to regulated investment opportunities worldwide. For BtcTurk | Hisse, it means providing retail and institutional users with cross-border access to new asset classes, while guiding them toward traditional finance with simple and accessible tools.

With this collaboration, BtcTurk | Hisse becomes the first crypto platform in the region to integrate trading of regulated securities, opening a new era for Turkish investors.

Source: DriveWealth, October 14, 2025