Turkey achieved the highest annual capacity increase in its history, with approximately 1.750 megawatts in wind energy last year. The capacity of approximately 1.750 megawatts in wind energy, which was commissioned last year, was recorded as the highest capacity commissioned on an annual basis in Turkey. With this increase, Turkey’s total wind energy installed power
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economy
enero 12, 2022
septiembre 19, 2021
TURKEYS READY TO WEAR INDUSTRY IS RISING FAST
Turkey’s textile and ready-to-wear exports, which have become a world-leading, playmaker and trend-setting country in the world, are moving in a positive direction. Despite the pandemic and difficulties in supplying raw materials, the increase in ready-made clothing exports in the first half of 2021 is a promising development for the future. The textile and raw
septiembre 19, 2021
CANAL ISTANBUL CONSTRUCTION TO START SOON
The “Canal Istanbul Project” was announced first time on April 27, 2011 by then Prime Minister Tayyip Erdoğan, who was the prime minister at the time. It didn’t have a name then, it was described as the ‘Crazy Project’. According to the EIA report, the project passes through the borders of Küçükçekmece, Avcılar, Başakşehir, Arnavutköy
marzo 28, 2021
TURKEY’S ECONOMIC REFORM PACKAGE IN TERMS OF PUBLIC FINANCE
President Recep Tayyip Erdoğan attended the Economic Reforms Introductory Meeting at Haliç Congress Center. President Erdogan explained the economic reform package that envisions changes and innovations in many topics from tax system to banking, insurance to social assistance, employment to public bureaucracy: “We have been carrying out the preparations for this program since November last
febrero 6, 2021
EBRD MADE ITS BIGGEST INVESTMENT TO TURKEY IN 2020
The European Bank for Reconstruction and Development (EBRD) announced a record investment of 5.1 billion euros ($ 5.9 billion) in the first half of 2020 to support economies affected by the coronavirus outbreak. Turkey EBRD’s total investment in the first half of 2020 one in five, or nearly 1 billion euros, while Egypt was the
julio 2, 2020
THE LATEST NEWS ABOUT COVID19 IN SPAIN
The Spanish Ministry of Health has announced that 10 people have died in the past week of the new type of coronavirus (COVID-19) outbreak. Continuing to revise historical data in COVID-19, sharing only weekly and daily case figures, the Ministry has increased the total number of deaths it gave as 28 thousand 325 yesterday to
junio 19, 2020
ECONOMIC IMPACT OF CORONAVIRUS IN TURKISH ECONOMY
According to data from the Turkish Statistical Institute, Turkey’s gross domestic product (GDP) grew 4.5 percent in the first quarter of the year. The value of the first quarter GDP was 176 billion 146 million at current prices in US dollars. Consumer spending by credit card can be tracked weekly, decreased by 36.6 percent compared
junio 19, 2020
THE MOST AFFECTED SECTORS DURING CORONAVIRUS CRISIS WORLDWIDE
Negatively affected sectors AVIATION Airline companies were the sector that the Corona virus damaged the most economically. According to the International Air Transport Association IATA, the aviation industry could suffer up to $ 113 billion in 2020. This figure means that the airline transportation has decreased by 19 percent. It was stated that the least
junio 4, 2020
STEPS TAKEN BY TURKEY TOWARDS NORMALISATION AFTER COVID-19 CRISIS
President Recep Tayyip Erdoğan made a statement after the meeting of the Presidential Cabinet, which was held for the last time with the video conference method in the Huber Mansion. Erdogan stated that they will continue to support the citizens and the business world in the coming period. » Turkey’s outbreak prevention and damage in
mayo 29, 2020
NEW OPPORTUNITIES ARISE FOR TURKISH FIRMS AFTER CORONA CRISIS
With the new type of coronavirus (Covid-19) epidemic, global trade is being discussed again through concepts such as supply chain, strategic products, security, trust, joint action, logistics, the experts note that Turkey will be in an advantageous position according to many factors like its geographical location, logistics networks, disruptions in the supply chain, emergency response
mayo 28, 2020
CORONABONDS: EUROPEAN UNION ECONOMIC SOLUTION TO COVID-19 EFFECTS
The advance of coronavirus has led to an economic cataclysm in Europe and several governments have already called for common stimulus measures, such as the issuance of coronabonos, a debt instrument, among others, the implementation of which must be negotiated this afternoon by the heads of state and government of the European Union. These bonds
mayo 28, 2020
THE NORMALISATION IN THE TURKISH ECONOMY WILL BE FAST
Turkey Chambers and Stock Exchanges Union (TOBB) President Rifat Hisarcıklıoğlu, noting that it is began to be spoken the normalization in economy thanks to the measures and support implemented «We are ready to reboot and spin the wheels of Economics movement. “ he said. TOBB Economy Meeting, which was held with the participation of 365
mayo 7, 2020
TRADE MINISTER OF TURKEY EMPHASIZED THE IMPORTANCE OF THREE MAIN SECTORS
Trade Minister Ruhsar Pekcan joined by video conference method to the meeting with the chairmen of 365 chambers, stocks and 61 sectors and Turkey Union of Chambers and Commodity Exchanges (TOBB) President Rifat Hisarcıklıoğlu. Minister Pekcan, in her speech at the meeting, in Covid-19 outbreak of the process, all the ministries in Prime Minister Recep
abril 16, 2020
EU NEEDS A SOLIDARITY TO FIGHT AGAINST CORONAVIRUS AS A UNION
EU, solidarity, support, economy, fight, against, support, social “The circumstances are exceptional and call for unwavering positions: either we rise to this challenge or we will fail as a union. We have reached a critical juncture at which even the most fervently pro-European countries and governments, as is Spain’s case, need real proof of commitment,”