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

Turkcell sets new 5G speed record

15 June 2017 0

Turkcell and Huawei conduct tests, download speed tallies 70 Gbps Turkey’s leading cellphone operator Turkcell and Chinese smartphone manufacturer Huawei set a record by doing the first 5G millimeter-wave band speed test on Thursday. Turkcell and Huawei broke a new speed record in Turkey, Turkcell said in a statement. In the tests, where 5G equipment and technologies were used, the download speed tallied 70 Gigabits per second (Gbps), a target difficult to achieve using present-day Read More

Turkey’s TAV inks deal to operate 3 Saudi airports

10 June 2017 0

Turkish airport operator TAV has signed a deal with Saudi Arabia’s civil aviation authority to operate three airports of the Gulf country in partnership with the Al Rajhi Group, the Turkish operator announced on Friday. The TAV would operate airports in Buraydah in central Qassim province, northwestern Ha’il city and western port city of Yanbu for 30 years alongside Al Rajhi Group, according to the statement. “The number of airports we operate and passengers we Read More

Turkish Airlines’ passenger numbers up in May

8 June 2017 0

Number of passengers in international flights rises 6.7 pct, says Turkey’s flag carrier The number of passengers carried by Turkish Airlines rose 4.5 percent in May compared to last year, the airline announced Thursday. Turkey’s flag carrier saw a rise of 6.7 percent year-on-year in May in the number of international passengers, according to a statement from the airline. Seat occupancy climbed 3.5 points to 77.6 percent in the month compared to May 2016, according Read More

Passengers through Turkish airports on rise in 2017

8 June 2017 0

The number of passengers passing through Turkish airports rose slightly in the first five months of 2017, the country’s airport authority said Thursday. From January to May, around 67 million people travelled through airports in Turkey, a 1.3 percent year-on-year rise, according to the General Directorate of State Airports Authority. The number of international passengers rose 2.3 percent in the same period to reach nearly 26 million. The cargo rose 4 percent year-on-year to almost Read More

China agrees to discuss Turkey joining Shanghai group

13 May 2017 0

China is ready to discuss Turkey’s membership of the Shanghai Cooperation Organization (SCO), the Chinese ambassador to Turkey said Friday. Yu Hongyang told Anadolu Agency that Beijing would be willing to discuss Turkey joining the six-nation bloc with other member states. Speaking ahead of President Recep Tayyip Erdogan’s visit to China, Yu said: “Turkey has reached the position of being a dialogue partner of the organization by attending the activities of the SCO in recent Read More

Gazprom keen on TAP as TurkStream link for EU: Expert

10 May 2017 0

Gazprom has expressed interest in using the Trans Adriatic Pipeline (TAP) to link the second line of the TurkStream gas pipeline because TAP’s route is already established, John Roberts, a senior fellow at Atlantic Council’s Global Energy Center told Anadolu Agency on Wednesday. Speaking exclusively to Anadolu Agency, Roberts hailed the TurkStream pipeline as a project that will improve Turkey’s energy security because it allows greater flexibility for gas transit to the country. The TurkStream Read More

New Istanbul airport ‘will help aviation industry’

14 April 2017 0

Third airport will provide new opportunities for airlines, Lufthansa chief says Istanbul’s third airport will provide a boost to the global aviation sector, Lufthansa’s Turkey chief said Friday. “The airport will provide an important gain for the aviation industry,” Kemal Gecer said. “Its geographical advantage for passengers and its comfort are significant. This airport will be an advantage for air carriers.” The first stage of construction will finish next year, when the airport on the Read More

Post-referendum rally in Turkish lira seen as likely

5 April 2017 0

A Yes victory in Turkey’s April 16 constitutional referendum will likely boost the Turkish lira, said a senior financial analyst Wednesday. Timothy Ash, a senior emerging market strategist at London-based BlueBay Asset Management, said a Yes victory would likely support the lira against foreign currencies and push Turkey’s Central Bank to sharply reduce its key rates. “If the outcome of the referendum on the 16th is market friendly, I think the currency could strengthen and Read More

Turkish exports go up in March

1 April 2017 0

Turkey’s exports in March total $13.6 billion, an increase of 19 percent year-on-year. Turkey’s exports have increased for a third straight month in March, data from the Exporters’ Assembly of Turkey (TIM) revealed on Saturday. Turkish exports in March have increased 19 percent year-on-year, the highest rise since November 2012, according to TIM. Exports totaled $13.6 billion last month and reached $37 billion for the first three months up from $34.7 billion in 2016, which Read More

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