Türkiye and Greece are setting their sights on achieving a $10 billion bilateral trade volume as part of a newly launched “positive agenda” initiative aimed at bolstering cooperation across healthcare, environment, culture, tourism, economy, and trade.
The initiative follows a series of high-level mutual visits that have helped ease tensions and open new avenues for economic collaboration. At the end of 2023, Turkish President Recep Tayyip Erdoğan visited Athens for the 5th Türkiye-Greece High-Level Cooperation Council – the first such meeting in seven years – to focus on increasing foreign trade between the two nations. Last year, Greek Prime Minister Kyriakos Mitsotakis visited Türkiye to explore further opportunities, and he is expected to return this April for another high-level cooperation meeting.
Trade figures indicate a positive trajectory in economic relations. Turkish exports to Greece have grown significantly, rising from $1.8 billion in 2020 to $3.1 billion in 2021, then reaching $3.3 billion in 2022. In 2023, Turkish exports approached $4.2 billion, and in 2024, they surpassed $4.8 billion. Meanwhile, Greek imports to Türkiye have fluctuated over the past few years, closing 2024 at $1.4 billion. Overall, the bilateral trade volume has expanded from $3.1 billion in 2020 to $6.2 billion in 2024, bringing the partners closer to their ambitious target.
Tourism is also on the upswing, reflecting the warming of ties between the two countries. The number of tourists visiting from Türkiye increased from 136,305 during the pandemic in 2020 to 686,430 in 2023. Similarly, the number of Greek tourists to Türkiye rose by 3% last year, reaching 707,133.
These developments underline the growing economic interdependence between Türkiye and Greece, with both governments hopeful that further deepened cooperation will not only boost trade but also contribute to regional stability and prosperity.
Azerbaijan has unveiled plans to export renewable electricity to Türkiye through the Nakhchivan Autonomous Republic, with a projected capacity of up to 1 gigawatt.
Officials from Turkmenistan and the Republic of Türkiye held comprehensive consultations at the Ministry of Foreign Affairs of Turkmenistan today, reaffirming their commitment to deepening bilateral ties across political, diplomatic, economic, and cultural spheres.
Turkish President Recep Tayyip Erdogan and Armenian Prime Minister Nikol Pashinyan held a phone conversation today. During the call, PM Pashinyan extended his congratulations to President Erdogan on the occasion of Kurban Bayrami.
Türkiye’s Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, has announced that Turkish low-cost carrier AJet will begin operating regular flights to Damascus later this month.
Iran and Türkiye are aiming to boost their bilateral trade to $30 billion annually through stronger cooperation in transport, customs, and infrastructure.
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
Uzbekistan and Slovakia have officially launched a strategic partnership following high-level talks in Tashkent between President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of the Slovak Republic Robert Fico.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
UN Secretary-General António Guterres urged governments to ratify the 2023 High Seas Treaty, warning that illegal fishing, plastic waste and rising ocean temperatures are pushing marine ecosystems toward crisis.
A massive rescue operation is underway after explosions and fire broke out on a Singapore-flagged cargo ship on route to Mumbai, forcing crew members to abandon the vessel.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
Uzbekistan and Slovakia have officially launched a strategic partnership following high-level talks in Tashkent between President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of the Slovak Republic Robert Fico.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
UN Secretary-General António Guterres urged governments to ratify the 2023 High Seas Treaty, warning that illegal fishing, plastic waste and rising ocean temperatures are pushing marine ecosystems toward crisis.
A massive rescue operation is underway after explosions and fire broke out on a Singapore-flagged cargo ship on route to Mumbai, forcing crew members to abandon the vessel.
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