‘Turkey’s early poll decision a winner with investors’

1 May 2018 0

Early elections will reduce uncertainty for Turkey and open its way, says Deputy Prime Minister Mehmet Simsek Investors welcoming Turkey’s decision to hold snap polls cementing the transition to a presidential system is triggering a large inflow of funds to the country, said Turkish Deputy Prime Minister Mehmet Simsek on Monday. “Firstly, uncertainty will be reduced. Secondly, the presidential system will open the way for Turkey, and thirdly, putting reforms quickly on the agenda offers Read More

TurkStream’s first line reaches Turkish shore

30 April 2018 0

In third quarter of 2018, the Pioneering Spirit will return to the Black Sea to complete the second line for TurkStream The deep-water offshore construction of the first line of the TurkStream natural gas pipeline is now complete as the world’s largest pipelaying vessel, the Pioneering Spirit, reached the Turkish shore off Kiyikoy in northwest Turkey on Monday. Pioneering Spirit captain Loek Fernengel told journalists on the vessel that Allseas, the company that owns the Read More

Turkey ready to produce new hi-tech armored vehicles

17 April 2018 0

Defense giant Aselsan eyes orders for production of its armored infantry fighting vehicle KORHAN Leading Turkish defense contractor Aselsan is ready to produce a new generation armored fighting vehicle — the 35mm combat ready KORHAN, according to an official of the firm. The KORHAN was unveiled at the 13th International Defense Industry Fair 2017 (IDEF) last May. Aselsan is awaiting decision from Turkish authorities for mass production of KORHAN. KORHAN has been developed to meet Read More

Over half of TurkStream gas pipeline completed

29 January 2018 0

TurkStream plans to carry 15.75 billion cubic meters of Russian gas to Turkey with first delivery planned before end 2019 More than half of the first line of the TurkStream natural gas pipeline project to deliver 35 percent of Turkey’s gas needs has been completed, Gazprom officials, the project constructor, told visiting Turkish journalists at Novy Urengoy, Russia’s biggest gas field and the world’s second-biggest located in northern Russia. Gazprom is the owner of the Read More

EBRD, Turkey sign donor fund agreement

19 January 2018 0

Those who invest in Turkey will be winners, says Turkish president Turkey’s Treasury and the European Bank for Reconstruction and Development (EBRD) on Friday signed a donor fund agreement to support what they called “socially important projects”. The agreement was signed by Deputy Prime Minister Mehmet Simsek and EBRD head Suma Chakrabarti in the presence of President Recep Tayyip Erdogan in Istanbul. According a statement, the Turkish government will co-finance socially important projects which will Read More

Turkey: Industrial production forecasted to rise in Nov

5 January 2018 0

Economists predict 5.6 pct rise in industrial production index for November 2017 Turkey’s yearly unadjusted industrial production index for November 2017 is expected to rise by 5.6 percent, a group of economists said on Friday. A group of 15 experts surveyed by Anadolu Agency projected the figure ahead of Monday’s announcement of the industrial production index for November 2017. The unadjusted industrial production index in November 2017’s survey ranged between a 2.1 percent and 8 Read More

Istanbul to host world’s business angels

5 January 2018 0

The leading angel investors from 75 countries too meet in Istanbul on Feb. 18-20 World’s angel investors will meet in Istanbul in February to explore the role of family offices and wealth management institutions in fostering innovation and delivering more business value. The World Business Angels Investment Forum (WBAF), which will be held on Feb. 18-20, to host the presidents and leading figures of angel investors from 75 countries which fund entrepreneurs with a transaction Read More

Bank of China granted license to operate in Turkey

2 December 2017 0

Bank becomes second Chinese lender to operate in Turkey after Industrial and Commercial Bank of China The Bank of China has been granted a license to operate in Turkey, head of Turkey’s banking watchdog said on Friday. “Permission has been already given to the bank. Now, license was given. Bank of China Turkey AS can officially start its banking transactions as of tomorrow, Mehmet Ali Akben, chairman of Banking Regulation and Supervision Agency, said. In Read More

Turkey seeks to become key player in halal food sector

24 October 2017 0

Turkish business leaders say Turkey can be key player in global halal market it if adjusts its legislation as needed Turkey can be one of the key players in the global market for halal products — goods made according to Muslim standards — if the country adjusts its food legislation, the head of a leading local business association said on Monday. “We believe that when the problem of legislation — one of the problems of Read More

Turkey saw over 6,000 new companies launched in May

16 June 2017 0

Amount of new companies rose by 15.12 pct year-on-year to 6,158 The number of new companies launched in Turkey was 15.12 percent higher year-on-year in May, the Turkish Union of Chambers and Commodity Exchanges (TOBB) said in a report released Friday. Some 6,158 new companies started doing business in Turkey in the month which was also a 3.07 percent decrease compared with April 2017, according to the report. TOBB’s May figures showed an 8.20 percent Read More

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