Turkey economic relations in the Balkans

Overview

Turkey is expanding its economic footprint and trade ambitions across the Balkan region. In Albania, Turkish investments have reached $3.5 billion, with approximately 800 companies operating in sectors such as banking, energy, construction, and manufacturing. While current trade volume with Albania is approximately $965 million, leaders aim to increase this to $2 billion.

Similarly, in North Macedonia, Turkish firms have invested $2 billion and provide employment for over 10,000 people. Turkish contracting companies are currently managing roughly 45 projects valued at approximately $2 billion. To further strengthen these ties, Turkish officials are seeking to update the free trade agreement with North Macedonia to reach a target trade volume of $2 billion.

Entities

Turkey · Hristijan Mickoski · Turkey-Albania Business Council · Zülfikar Zeynula · North Macedonia

Timeline

1 day ago

[BUSINESS] 3 sources
Turkey and North Macedonia aim for $2 billion trade volume
Turkish Trade Minister Ömer Bolat and North Macedonian Minister Zülfikar Zeynula aim to reach a $2 billion trade target by updating their free trade agreement.
5 days ago

[BUSINESS] 3 sources
Turkish investments in Albania reach $3.5 billion
Turkish investments in Albania have hit $3.5 billion, with 800 companies operating in sectors like energy and finance. Leaders aim to double bilateral trade to $2 billion.

Sources

gazeta.mk · gazetedamga.com.tr · sondakika.com · yenialanya.com · yenisafak.com