Economy

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

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

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