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.
Turkish President Recep Tayyip Erdogan marked the 110th anniversary of the Gallipoli Victory and Martyrs' Day, honoring the soldiers who defended the Ottoman Empire in one of World War I’s fiercest battles. The victory played a key role in shaping Türkiye’s path to independence.
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
President Zelenskyy confirmed Ukraine’s readiness to ratify a free trade agreement with Türkiye, calling it a key security partner during talks in Kyiv on reconstruction and drone production.
Armenian Prime Minister Nikol Pashinyan has expressed his desire for the establishment of diplomatic relations between Türkiye and Armenia highlighting the "significant" trade and business ties between the two countries.
Turkey's foreign minister, defence minister and the head of the national intelligence agency are in Syria on a working visit.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
Putin has paused energy facility strikes, but a full ceasefire remains elusive. The move signals ongoing tensions, with discussions about a wider peace deal set to begin, leaving questions about Ukraine’s role in the negotiations.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
Putin has paused energy facility strikes, but a full ceasefire remains elusive. The move signals ongoing tensions, with discussions about a wider peace deal set to begin, leaving questions about Ukraine’s role in the negotiations.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment