Economy

Türkiye’s plastic waste imports total $127.7M in 2020, while exports of recycled products total $1.21B, says Fatih Eren There will be major opportunities for Türkiye in the recycling industry over the next five years, according to the head of a sectoral association. Fatih Eren, chairman of Türkiye’s Recyclers Association (Gekader), told Anadolu Agency that the country has become a central destination for recyclables, instead of the Far East and China. International commercial relations have shifted Read More

Number of foreign tourists visiting Türkiye up 207.1% year-on-year in January-May period Türkiye hosted 11.3 million foreign tourists during the first five months of the year, according to official figures revealed on Monday. The number of foreigners visiting Türkiye in the January-May period rose 207.1% on a yearly basis. Istanbul, Türkiye’s largest city by population and a top tourist draw, welcomed 46.8% of all foreign visitors, or nearly 5.3 million in the five-month period. It Read More

Turkey saves $1 billion every year by recycling 1.1 million tons of plastic waste, according to Turkey’s Recyclers Association (GEKADER). With Turkey’s Zero Waste project which started in 2010, the recycling ratio has increased to 22.4% from 13%. Turkey aims to reach its zero-emission target by 2053 and recycling plastic waste is the way forward. The plastic waste sector generates $1 billion annually by employing around 350,000 personnel in 1,300 firms. Fatih Eren, the head Read More

All components are available in Turkey to attract investors, says Qatari envoy Qatari Ambassador to Turkey Salem bin Mubarak Al Shafi said on Tuesday that relations between Qatar and Turkey are “exceptional, permanent, and enduring,” setting an “example to be emulated” on relations based on solid foundations. In an interview with Turkish daily Hurriyet, the ambassador also hailed Turkey’s relentless support for Qatar, which he said dates back to the era of the Ottoman Empire. Read More

Turkish tech firm Kron on thursday was listed as a leader in the field of cybersecurity, according to the latest report of a major international research and advisory company. Kron is the first and only Turkish firm recognized as a leading Privileged Access Management (PAM) solutions company on the list, published by US-based firm Gartner, in the most recent Magic Quadrant for PAM. The report, which is updated every two years, globally evaluates all companies Read More

Maximum operational speed of first Turkish-made electric train to be 160 km/h (99.4mi/h) First Turkish-made electric train, with its tests to be conducted on Aug. 30, will start serving before the end of this year, transport and infrastructure minister said on Monday.  “Aluminum body production, painting, sandblasting tests of the train set were put into operation in 2019,” Adil Karaismailoglu said during his visit to the Turkish Wagon Industry (TUVASAS) plant in the country’s northwestern Read More