The new edition, which hit newsstands on October 27, is Newsweek's eighth international license, with other titles across Asia and Europe having been in publication since the 1980s.
The launch issue features a cover report written by editor Selcuk Tepeli looking at where Turkey - presently celebrating its 85th anniversary as a republic - fits into the new economic world order.
Other reports include pieces written by Nobel laureate Orhan Pamuk and an assessment of what Ankara should do about Kurdish rebels.
Published weekly in Istanbul, Newsweek Turkey is expecting initial circulation figures of 50,000.
Advertising will be sold by Ciner Group itself in Turkey and Newsweek International will sell ads elsewhere.
The Ciner Group is a major presence in Turkey, where, in addition to its publishing sector, it has more than 30 companies operating in commerce, industry, mining and the media.
Ron Javers, executive editor for Newsweek's worldwide editions, said: "In these tough economic times, the launch of a new magazine is especially good news.
"We are delighted to have joined with Ciner to launch this publication. We have a staff of young, smart and wonderfully adaptive Turkish writers, reporters and editors and we expect the magazine to be a vibrant addition to the Turkish media market."
Newsweek Turkey will join other Newsweek licence publications in Japan, Korea, Latin America, Kuwait, Poland, Hong Kong and Russia.
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