EBRD believes in long-term development of Turkey

14 September 2018 0

The European Bank for Reconstruction and Development (EBRD) believes on the long-term development of Turkey, according to the bank’s managing director in Turkey. Noting that the EBRD has been operating in Turkey since 2009, Arvid Tuerkner said Turkish market is the “largest investment envelope.” “Since 2009, Turkey has really been a success story for the EBRD,” Tuerkner said. He stressed that 96 percent of the bank’s investments in Turkey were made in private sector. Tuerkner Read More

Turkey’s indigenous helicopter achieves important milestone

11 September 2018 0

Turkish companies produced 14 sub-systems for T625 helicopters All sub-systems of Turkey’s first indigenous helicopter T625 were designed by various Turkish companies within the scope of the Original Helicopter Program, which details the project. In the development period, 14 sub-systems were produced in Turkey, while they are aiming to locally produce other systems when mass production of the helicopter begins. Following its maiden flight on Sept. 6 in capital Ankara, Temel Kotil, head of the Read More

Over 460,000 people immigrates to Turkey in 2017

5 September 2018 0

The number of immigrants in Turkey rose 22.4 percent reaching 466,333 in 2017, compared to previous year, Turkish Statistical Institute (TurkStat) announced on Wednesday. 52.3 percent of migrated people were men and 47.7 percent were women in 2017, TurkStat said. 26.6 percent of all immigrants were comprised of Iraqi citizens, 10.4 percent Afghans, 7.7 percent Syrians, 5.7 percent Azerbaijanis and 5.6 percent were citizens of Turkmenistan, it added. “In 2017, it was seen that 12.3 Read More

Turkish Airlines breaks daily passenger record

22 August 2018 0

Turkish Airlines CEO says 253,000 passengers traveled via 1,547 flights on Saturday, setting a new record Turkish Airlines broke a new daily passenger record on Saturday, according to the chief executive office of the Turkish flag carrier. Turkish Airlines CEO Bilal Eksi tweeted on Sunday the density of passengers using the airline before the Muslim holiday Eid-al Adha remains continuing. “Yesterday, we made a historic record, we flew 253,000 passengers via 1,547 flights to their Read More

Turkish Airlines named country’s most valuable brand

5 June 2018 0

London-based consultancy reveals Turkey’s 100 most valuable brands A leading London-based firm named Turkey’s national flag carrier Turkish Airlines as the country’s most valuable brand for 2018. The airlines topped the list of top 100 Turkish brands for this year with a brand value worth more than $2 billion, according to Brand Finance’s survey. Turkish Airlines raised its brand value by 6 percent in 2018 compared to last year, it said. Integrated telecommunications service provider Read More

Central Bank’s ‘hands not tied’: Turkish deputy PM

25 May 2018 0

Bank will take further steps when necessary, has government’s full support, deputy prime minister says A Turkish deputy prime minister said Friday the country’s Central Bank is capable of taking action against speculative attacks amid recent volatility in foreign exchange rates. “Its hands are not tied […] It will do what is necessary,” Mehmet Simsek told a televised interview on private news channel NTV. He also said the bank had the full support of the Read More

‘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

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