Updates

Developments affecting companies in Türkiye. Each item links to its official or primary source.

• Economy & Markets3 Nov 2026Source: Daily Sabah

  Türkiye’s October exports hit record $25.9B; trade deficit narrows

  Türkiye’s October goods exports rose 8.1% year-over-year to $25.9 billion, the highest-ever October figure, Trade Minister Ömer Bolat announced on Tuesday, Nov. 3, 2026. The Trade Ministry’s monthly foreign trade…

  What it means for companies: October goods exports were $25.9 billion, up 8.1% year-over-year, while imports were $32.58 billion, up 3.4%, according to the source. The foreign trade deficit narrowed 11.4% from October 2025 to $6.7 billion, down from $7.56 billion; the…
• Economy & Markets3 Nov 2026Source: Daily Sabah

  Türkiye Wealth Fund to become largest shareholder in Togg as Vestel and Anadolu sell stakes

  The Türkiye Wealth Fund (TWF) announced that a share transfer agreement has been signed under which AG Anadolu Group Holding and Vestel Elektronik will sell their stakes in electric carmaker Togg to the TWF and…

  What it means for companies: Following completion of the transactions, the Türkiye Wealth Fund (TWF) will hold 35% of Togg and Turkcell 34%, replacing the previous structure in which Vestel, Anadolu Group Holding, Turkcell and BMC Otomotiv each held 23% and the Union…
• Investment & Incentives3 Nov 2026Source: Daily Sabah

  Doğuş Otomotiv and Volkswagen sign letter of intent to assess passenger car production in Türkiye

  Doğuş Otomotiv, Türkiye's longtime importer of Volkswagen vehicles, announced in a filing with the Public Disclosure Platform (KAP) that it has signed a letter of intent with Volkswagen Group companies to evaluate…

  What it means for companies: Companies monitoring Türkiye's automotive sector should note that no final production decision has been taken; whether an investment follows will become clear later, per the filing. Doğuş Otomotiv did not disclose the potential production…
• Economy & Markets3 Nov 2026Source: Daily Sabah

  Turkiye Manufacturing PMI Falls to 47.3 in October, Marking Fastest Contraction Since June

  Turkiye's manufacturing sector contracted at its fastest pace since June, with the Istanbul Chamber of Industry (ISO) Turkiye Manufacturing PMI, compiled by S&P Global, falling to 47.3 in October from 47.9 in September.…

  What it means for companies: The survey points to continued weakness in demand: new orders declined for a 40th consecutive month, with the sharpest drop since July, and export orders also softened. Input costs and output prices rose in October, though at a slower rate…
• Economy & Markets3 Nov 2026Source: Daily Sabah

  Türkiye's Annual Inflation Edges Up to 29.77% in October, TurkStat Data Shows

  Türkiye's annual consumer inflation rose slightly to 29.77% in October, according to the Turkish Statistical Institute (TurkStat), up marginally from 29.73% in September but down from 32.87% in October 2025. Monthly…

  What it means for companies: The October print reflects a broad-based rise in consumer prices across expenditure categories. Housing, water, electricity, gas and other fuels rose 40.24% year-over-year, transportation climbed 36.39%, and food and non-alcoholic…