Deputy Minister of Energy and Natural Resources Tancan stated that they are planning to announce mini solar energy renewable energy resource areas (YEKA) competitions in December and said, “We are constructing a capacity of 1000 megawatts with a capacity of 10 megawatts and 100 competition announcements. This is a draft for the moment. We plan
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December 12, 2019
ESTABLISHING COMPANIES IN TURKEY: SOME STATICS
Foreigners who invest directly can benefit equally from the opportunities provided to domestic investors. Direct investment is made by establishing a company, opening a branch and being a partner for a current company in Turkey. On the other hand, there is no incentive for foreign investors in indirect investments made by buying stocks or bonds.
December 12, 2019
NEW STRATEGIES FOR REGIONAL DEVELOPMENT AGENCIES IN TURKEY
Development Agencies are autonomous public institutions that work under the coordination of the Ministry of Industry and Technology to reduce regional disparities and to ensure regional development. Development Agencies are not implementing institutions that make direct investments. The main task of Development Agencies is to promote cooperation between public, private sector and non-governmental organizations and
December 12, 2019
RENEWABLE ENERGY DEVELOPMENTS İN TURKEY
Municipalities and universities will be able to apply for technical assistance to renewable energy and energy efficiency projects as part of the EU-funded project. The General Directorate of Energy Affairs of the Ministry of Energy and Natural Resources announced that the applications for the Renewable Energy and Energy Efficiency Technical Assistance Project (YEVDES) for Municipalities
December 12, 2019
TURKEY’S WIND AND SOLAR ENERGY KNOW-HOW BECOMES GLOBAL
Nordex top manager Dieguez said, “Turkey is encouraging domestic and foreign investors in the wind market.” said. Jose Luis Blanco Dieguez, Head of Nordex, wind power equipment manufacturer based in Germany, stating that the global wind energy sector is developing rapidly and said,”Domestic and foreign investors are encouraged of wind market in Turkey. The government
December 12, 2019
TURKEY USA RELATIONS START WITH A NEW SLATE
President Recep Tayyip Erdogan and his wife, Emine Erdogan, came to the White House. US President Trump and his wife welcomed President Erdoğan and Emine Erdoğan. Trump made the first statements before the interview. US President Trump said “We’ll talk about trade agreements here. We want to develop trade relations with Turkey significantly. Along with
December 12, 2019
THE SHINING SECTOR OF TURKISH JEWELERY
According to the statement made by Jewelers Exporters’ Union, in October 267 million 293 thousand 310 dollars in jewelry exports realized, in the first 10 months of the year 3 billion 488 million dollars was signed exports. The Jewelers Exporters’ Union realized the most exports to the EU with 113 million 989 thousand 170 dollars
December 12, 2019
SPAIN: THE STAR PLAYER ON RENEWABLES IN EUROPE
Spain is once again the engine of renewable energy in Europe. It has been more than a decade since Spain led the sector with Germany. But he’s back and hard. Spain has been the star player for renewable investments in Europe and ranks as the first country with 3.7 billion in the first half of
December 12, 2019
TURKISH CEMENT SECTOR SUCCESS
The Turkish cement sector, which ranks first in Europe and fourth in the world, aims to double its exports this year. The cement sector, which exports to approximately 100 countries, including the USA, Ghana and Israel, generated 9.1 million tons of exports and generated revenues of $ 417 million in the January-August period of 2018.
December 12, 2019
TURKISH AEROSPACE SECTOR 2019 DEVELOPMENTS
Hüseyin Keskin, General Manager of State Airports Authority, shared the statistics of the aircraft, passengers and freight for the first eight months of 2019 from his Twitter account. Keskin, mentioning that Turkey has gained worldwide success in aviation sector with its innovations and said “The last 10 years of our country, where nearly three-fold increase
December 9, 2019
JUDICIAL REFORM STRATEGY DOCUMENT PUBLISHED ON OFFICIAL GAZETTE OF TURKEY
Due to the reactions received lately from public, from the authorities all around the World considering the accurancy of justice system in Turkey, the government approved a Judicial Reform Strategy Document which will be followed with upcoming reforms. The concerns were also effecting the incoming investment and the foreign capital flow in Turkey. With the
December 9, 2019
BREXIT EFFECTS ON TURKISH ECONOMY
Brexit will effect many sectors in the UK market. One of them is the botanics. Dutch producers who meet 80 percent of the needs of flower of England are worried about Brexit. Dutch flower producers, especially the producers of tulips warned the officials about the problems and delays in the border in the case of
December 9, 2019
TURKISH AUTOMOTIVE SECTOR EXPORT RECORD
The locomotive of the Turkish economy which achieved its second september performance in history with 2.6 billion dollars export, the automotive sector, increased its export amount to Middle East and Commonwalth of Independent states countries considerably. According to information compiled from the data of the Union Assembly of Turkey Exporters and Uludag Automotive Industry Exporters,
October 10, 2019
TURKEY GERMAN INVESTMENT RELATIONS
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