The German automotive giant Volkswagen founded Volkswagen Turkey Automotive Industry and Trade Inc. based in Manisa. The capital of the company was determined as 943.5 million pounds. Volkswagen is expected to decide whether to invest in Turkey, Manisa, Turkey established based unit. According to the information in the Trade Registry Gazette, the company’s name was
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October 10, 2019
October 3, 2019
TURKEY-UKRAINE ENERGY SECTOR PARTNERSHIP
Şevki Acuner, Chairman of the Board of Directors of Ukrenergo, the Ukrainian state energy transmission company, stated that Turkish companies would be successful if they enter the energy market in Ukraine, and said ” Turkish companies can take a huge share from the tenders to be made by Ukrenergo, which will realize $ 3 billion
October 3, 2019
TURKISH MACHINERY SECTOR INCREASED ITS EXPORTS
According to a statement from the Association of Exporters of machines, machine industry, Turkey’s largest export market ,Germany, despite the slowdown which intensified in Germany’s industrial production, increased total exports 4.4 percent in the first quarter of the year. The machinery sector, which signed $ 1.6 billion in exports in March, carried its exports to
October 3, 2019
IMAMOGLU INTERVIEWED BY SPANISH NEWSPAPER “EL PAÍS”
An interview with Ekrem İmamoğlu, newly elected İstanbul mayor, published on El País, the greatest newspaper in Spain. Famous article writer Andrés Mourenza realized the interview with the Mayor. Some headlines from the interview, The social democrat Ekrem Imamoglu has become the hope of an opposition so far innocuous, after inflicting the Turkish president, Recep
October 3, 2019
SPAIN’S BIG STEPS IN SOLAR ENERGY
The National FotoVoltaico (FV) solar park, which has just under 5,000 megawatts of power, produced more electricity in August than ever before. For the first time, it exceeded the bar of one thousand gigawatt hours of production (produced 1,035 GWh, specifically). The increase in production (compared to August last year) is 28%. Simultaneously, the price
October 3, 2019
TURKEY’S GREAT POTENTIAL IN SOLAR ENERGY
GENSED (Association of Solar Energy Industry) President Halil Demirdağ said Turkey’s solar industry could grow even more if it is supported and told that it can be even a rising star. GENSED) President Halil Demirdağ pointed out that, even the least solar receiving field Black Sea region is luckier than Germany who currently has more
September 12, 2019
TURKEY GLASS AND GLASSWARE SECTOR
According to the information compiled from Turkey Statistical Institute (TSI), Turkey made a big step on export in glass and glassware. Turkey earned $ 40 million in revenue more this year comparing to the January-June period last year from exports of glass and glassware. Glass and glassware imports decreased by 27 percent in the first
September 12, 2019
NEW DIRECT FLIGHTS BETWEEN TURKEY AND MEXICO WILL BOOST T BILATERAL ECONOMIC RELATIONS
Advancing with sure steps towards becoming a global brand company in aviation, Turkey’s flag carrier Turkish Airlines (THY), has done “the longest flight” from Istanbul to Mexico City with a time of 15 hours and 15 minutes. THY launched flights to Mexico City and Cancun, the 18th and 19th flight destinations in the Americas, will
August 29, 2019
THE LUXURY SHOPPING DESTINATION: TURKEY
The shopping amount that foreign tourists done in Turkey, increased %70 this year comparing to the same month last year. As well as in the first 7 months of this year the number of Chinese tourists coming to Turkey also seems to be an increase in their expenditures compared to last year. This year, the
August 29, 2019
TURKEY’S DOMESTIC PRODUCTION TARGET IN MEDICAL DEVICES SECTOR
Medical production in our country has gained momentum since the 1980s. The companies producing medical instruments and materials are mainly located in Ankara, Izmir, Istanbul, Bursa, Adana, Gaziantep, Samsun and Trabzon. There are 13 thousand 170 firms registered in Turkey Pharmaceuticals and Medical Devices Sector in the National Data Bank (TİTUBB). A Thousand and 509
August 29, 2019
TURKEY’S PLASTIC WASTE IMPORT ANALYSIS
Turkey’s plastic waste import number raised highly in the recent years. We want to have a look at the researches done by Turkish Plastic Industry Foundation (PAGEV) to understand deeply this topic. According to the report ‘Plastic Packaging in Turkey’ published by PAGEV in 2016, the %37 of the packaging was produced from plastics in
August 29, 2019
TURKEY TO PLAY BIG IN WIND AND SOLAR ENERGY SECTOR
Developments in the field of renewable energy sources all over the world have created a very competitive environment on the production side of the sector. With the incentives they give in renewable energy, states are trying to attract wind turbines and solar panels production facilities to be installed in giant power plants. Private companies are
August 9, 2019
AMAZON’S EYE ON TURKEY
Although Amazon is an American-based company, it is one of the few e-commerce sites in the world where everyone can trade and shop. Amazon.com had made Turkey the latest entry into the market. Let’s look closely to the success statistics of Amazon in global market and Turkish market. Amazon’s net profit in 2018 was $
July 31, 2019
TURKISH COMPANIES IN UKRAINE
There are around 600 Turkish companies in Ukraine. They mainly operate in clothing retail, telecommunications, aviation, logistics, construction, wood products and food. However, in contrast to our investments in some other countries, Turkish companies are not clustered in only a few sectors and they exist in different sectors such as machinery, health, energy and cosmetics