Economics

Turkey Sees ‘Huge’ Peace Dividend From End of $1.8 Trillion War

WATCH: Turkey’s Simsek says the dividend from Kurdish militant group PKK laying down its weapons “is likely to be massive.”Source: Bloomberg

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By Beril Akman and Stephanie Flanders

May 20, 2025 at 10:26 AM UTC

Turkey said it expects to reap “huge” economic gains from the Kurdish separatist group’s decision to stop its 40-year war in the country’s southeast.

Treasury and Finance Minister Mehmet Simsek said Tuesday that fighting with the militant group Kurdistan Workers’ Party, or the PKK, since 1984 cost Turkey around $1.8 trillion.