Economy

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

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 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

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

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

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