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Edition of Tuesday, 3 November 2026English edition
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The Geopolitician

Country risk, from the local press

Turkey · Country watch

Turkey's Record Exports, Inflation Hits 29.77%

Turkey sets an export record in October; inflation rises to 29.77%, impacting rent hikes.

· · 14 articles read

The picture Mixed How this is judged →

Business conditions in Turkey are mixed today. Record exports boost the trade sector, but rising inflation and new fiscal obligations increase costs for businesses and consumers.

Flare-up watch: Calm (0.1) · How this is judged → · All Turkey briefings →

In this briefing Turkish Ministry of Finance · Turkish Statistical Institute · Ömer Bolat · Ministry of Trade (Turkey)

Regulation

  • Finance

Revaluation rate set at 27.83% for 2027 taxes

black click pen beside MacBook Pro on table
Volkan Olmez / Unsplash

The revaluation rate, which determines the increase in taxes, fees, and fines for the upcoming year, has been set at 27.83% for 2027. This rate will be applied to various fiscal obligations, impacting the financial planning of businesses and individuals. The revaluation rate is an important indicator for adjusting fiscal policies and is based on the inflation rate, according to STAR.

Impact Businesses and taxpayers will see increased fiscal obligations due to the new revaluation rate.

Sources: STAR ↗, Haberler.com ↗

Markets

  • Finance

Turkey's inflation rate reaches 29.77% in October

The Turkish Statistical Institute (TÜİK) reported that the Consumer Price Index (CPI) rose by 2.58% month-on-month in October, bringing the annual inflation rate to 29.77%. This increase affects the maximum allowable rent hikes for November, which have been set at 31.23%. The rising inflation rate is attributed to higher costs in various sectors, impacting both consumers and businesses, according to Haber Turk.

Impact Renters face higher costs as landlords adjust rents to the new inflation rate.

Sources: milatgazetesi.COM ↗, haber7.com ↗

Trade

  • Manufacturing
  • Logistics

Minister Bolat announces record October exports

Trade Minister Ömer Bolat announced that Turkey's exports reached a record high in October, with an 8.1% increase year-on-year, totaling $25.9 billion. This marks the highest export figure for October in the country's history. Bolat highlighted that the total for goods and services exports has surpassed the year-end target of $410 billion. This achievement underscores the resilience of Turkey's export sector amid global economic challenges, according to Sabah.

Impact Exporters benefit from increased demand, contributing to a stronger trade balance.

Sources: Sabah ↗, STAR ↗, haber7.com ↗

Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Politics.

Also today in the local press

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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