At the 27th Country Risk Conference held in November 2025, the Spanish Export Credit Insurance Company (CESCE) evaluated the recent trajectory of Turkey’s economic policy, emphasizing that the implementation of orthodox and predictable measures has restored macroeconomic stability and enhanced the country’s attractiveness as an investment and trade destination for Spanish firms.
Return to Macroeconomic Equilibrium
In its assessment, CESCE characterized Turkey’s recent policy adjustments as a “return to orthodoxy,” highlighting the government’s renewed focus on monetary and fiscal stability. Key indicators of this transformation include the alignment of interest rates with market fundamentals, the prioritization of price stability, and the recovery of international reserves. These developments have collectively strengthened confidence in the Turkish economy.
CESCE further noted that this stabilization process contributes to a reduction in perceived risk, improved management of credit insurance claims, and the promotion of longer-term commercial relationships between Turkey and its international partners.
Strategic Opportunities for Spanish Companies
According to CESCE, Turkey’s strategic geographical position and significant economic potential create substantial opportunities for Spanish exporters. The institution underscored Turkey’s role as a vital logistical nexus connecting Europe, Asia, and the Middle East, in addition to its young and dynamic labor force and ambitious growth strategies in sectors such as energy, infrastructure, renewable resources, chemicals, and automotive manufacturing.
CESCE described the ongoing normalization of Turkey’s economic policy framework as a “confidence-enhancing development,” noting that the return to orthodox macroeconomic policies constitutes a critical and long-awaited step toward long-term stability. This shift, it argues, facilitates informed decision-making for Spanish investors and exporters and strengthens bilateral economic relations.
Finally, CESCE affirmed that Turkey’s reform process not only bolsters domestic market stability but also enhances the sustainability of its foreign trade. The institution encouraged Spanish companies to closely monitor economic developments in Turkey and to evaluate emerging business opportunities through the prudent use of insurance and risk management instruments.
“As long as Turkey maintains its stability-oriented policies,” CESCE concluded, “it will remain an exceptionally attractive destination for Spanish enterprises.”