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

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

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