Economy

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

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