Trade Ministry

Foreign trade volume up 3.6 pct in Q1

Turkey's foreign trade volume grew 3.6 percent year-on-year to $98.4 billion in the first quarter of 2020, according to a preliminary Trade Ministry data released on April 2.

The country's exports volume was choked off by coronavirus in January-March after seeing 4 percent rise in the first two months, the ministry said in a statement. 

Turkey seizes record 2 tons of marijuana at border gate

Turkish customs officials seized a record two tons of marijuana at the border crossing with Bulgaria, the country's trade minister said on Feb. 11.

"In an operation carried out at the Kapıkule [customs gate] by customs officials of our ministry, 2.07 tons marijuana were seized, and a new record has been broken," Ruhsar Pekcan said in a tweet.

Fighting inflation to be Turkey's top agenda in 2020, minister says

Turkey will stabilize the inflation rate at single digits by improving competition in goods and services markets and enhancing production, the country's treasury and finance minister said Jan. 3.

"Fight against inflation will be our top agenda in 2020," Berat Albayrak said on Twitter, underlining the year-end inflation rate was below the government's target.

Turkish contractors assume foreign projects worth $395B

The total worth of projects undertaken by Turkish contractor firms abroad reached $395 billion as of the end of November, Turkey's trade minister has said.

The figure is expected to reach $400 billion as of the end of this year, Ruhsar Pekcan noted late on Dec. 25 during an award ceremony in the capital Ankara for Turkish contractors operating in foreign countries.