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U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “...
Türkiye is planning to reach $7 billion in software exports by 2028, according to the country's Trade Minister Ömer Bolat
Türkiye is setting its sights on doubling its software export revenue to $7 billion by 2028, according to Trade Minister Ömer Bolat. Speaking at the Innovation Champions Awards Ceremony, part of the 11th edition of Türkiye Innovation Week, Bolat highlighted the country’s latest achievement of $3.5 billion in software export revenue and announced plans to double that figure over the next four years.
The event, which brought together leading figures from the Turkish government, was attended by Vice President Cevdet Yılmaz, Treasury and Finance Minister Mehmet Şimşek, and other officials.
Minister Bolat emphasized Türkiye’s significant progress in the information technology (IT) sector, noting the country’s leadership in developing a skilled labor force for the industry. He also pointed out that Türkiye has successfully doubled its high-tech exports since 2012.
In 2023, Türkiye was ranked 37th in the Global Innovation Index, a remarkable leap from its position at 65th in 2011. With its advancements in high-tech sectors, including military innovations, the country’s ranking is expected to rise even further in the coming years.
The government’s ambitious goal for software exports is part of a broader effort to solidify Türkiye’s role as a key player in the global tech industry, leveraging its growing expertise and capacity in high-tech innovation.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
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