# Turkey economic relations in the Balkans

> Developing situation record from CLSTR: https://clstr.news/situations/turkey-economic-relations-in-the-balkans
> Updated: 2026-10-28T10:25:20.000Z. Sources: 5. Developments: 2.

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.

## Timeline

### 2026-10-28: 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.

3 sources. https://clstr.news/cluster/turkey-and-north-macedonia-aim-for-2-billion-trade-volume

### 2026-10-25: 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.

3 sources. https://clstr.news/cluster/turkish-investments-in-albania-reach-35-billion

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Cite as: Turkey economic relations in the Balkans. CLSTR, https://clstr.news/situations/turkey-economic-relations-in-the-balkans