Global Scans · Turkey · Weekly Summary

WHAT'S NEXT?: Uncertainties over Turkey's eventual political position abound. With EU decisions in doubt, recent crackdown on opposition parties causing concerns, and being embroiled in complex Middle East politics and fighting terrorism on its borders and internally, which way will she swing?

• [New] Turkey has been confirmed as the host of COP 31 (2026 UN Climate Change Conference) after a diplomatic compromise with Australia reached during discussions at COP 30 in Brazil. Guidely
• [New] Turkey is set to host COP 31 climate summit in 2026 under a compromise with Australia, following a prolonged contest over hosting rights from bids submitted in 2022. Adda247
• [New] Turkey's Central Bank is expected to signal a continuation of its tight monetary policy in its upcoming inflation report. Yeni Safak
• [New] Turkish and Israeli competition could play out in dangerous ways inside Syria. Brookings
• [New] With the completion of 22 dams and seven reservoirs scheduled for 2025, Turkey's total water storage capacity is anticipated to increase slightly to 183,739 cubic hectometers. Daily Sabah
• [New] Supply chains are becoming more agile and diversified, with brands moving production to Vietnam, Bangladesh, Mexico, and Turkey to mitigate risks and respond faster to changing trends. Made-in-China.com
• [New] 5.91 billion earmarked for initiatives such as the creation of a Space Weather Application Center and continued progress toward Turkey's first Moon mission, led by TUBITAK UZAY, set for 2027. Middle East Space Monitor by AzurX
• [New] Producers fear tougher EU rules on ecommerce parcels could curb Turkey's online exports. AGBI
• [New] For more than a decade, voices inside and outside Turkey have warned of an escalating crackdown on civil society. Maecenata Stiftung
• [New] Funding will be provided through Iraqi Ministry of Finance procedures, utilizing revenues from crude oil sales to Turkish firms, as approved by the Iraqi Council of Ministers. Iraqi News
• [New] Asset quality indicators have reached cyclical highs, though rapid loan growth in recent years and exposures to Turkey and Egypt introduce pockets of vulnerability. MUFG Research
• [New] The ITU - Turkey Is Bank Marmara Active Fault Hazard and Risk Application and Research Center, described as Turkey's Apollo Project, has begun, through its interdisciplinary structure, to produce the necessary data for earthquake studies more rapidly. Haberler
• [New] Pasinex owns 100% of Sarikaya Group IV lead-zinc operating license in Kayseri Province, Turkey, representing significant potential for near-term profitability and major zinc discoveries. Pasinex Resources Limited
• [New] Upon approval, Pasinex Arama will own 100% of Horzum A.S., which holds the Pinargozu zinc mine and the Akkaya and Mahyalar licenses in Turkey. Pasinex Resources Limited
• [New] Under the medium-term program, Turkey expects the full-year deficit to reach USD50.1bn (3.6% of GDP), underscoring lingering fiscal pressures amid high inflation, a weak currency, and substantial debt-servicing costs. MUFG Research
• [New] Turkey have won the rights for 2026's COP and in no small part their position was informed by their withdrawal from the Glasgow bid. Australian Broadcasting Corporation
• [New] Under COP rules, If neither Australia nor Turkey cede their bid, hosting rights will default to the German city of Bonn, which is the home of the United Nation's committee. Australian Broadcasting Corporation
• [New] In Turkey, more incentives for solar energy are expected by 2025. PROMER ENERGY INSAAT SANAYI TICARET LIMITED SIRKETI
• [New] Turkey has a rich solar energy potential. PROMER ENERGY INSAAT SANAYI TICARET LIMITED SIRKETI
• [New] The EMEA region has seen only marginal downward forecast adjustments, but it is still projected to outpace other regions-driven primarily by hyperinflation in markets like Turkey, Egypt, and Nigeria, where nominal growth rates are in the high double digits. IDC: The premier global market intelligence company

Last updated: 01 December 2025