On April 20, it was the first time in the world oil market and the barrel price of crude oil fell to $ -37.63 in May contracts. It may be interesting to many of us that the value of a commodity falls below zero. But in this process, the cost of storage and transportation of
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Russia
January 24, 2020
TÜRKAKIM NATURAL GAS PIPELINE COMES INTO SERVICE
As TürkAkım natural gas pipeline come into service, a ceremony was held in Haliç Congress center, Turkish president Erdogan and Russia president Putin, Serbia president Aleksandar Vucic and Bulgaria president Boyko Borisov attended. In addition, Vice President Fuat Oktay, Parliament Speaker Mustafa Şentop, Minister of Foreign Affairs Mevlüt Çavuşoğlu, Minister of National Defense Hulusi Akar,
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 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
July 16, 2019
THE S400 MISSILE HARDWARE JOURNEY FROM RUSSIA TO TURKEY
The delivery of S-400, which puts pressure on the economy and causing tension in Ankara-Washington line, finally started after a long time. After the positive explanations of US president Donald Trump after his meeting with Turkish president Recep tayyip Erdoğan in G20 in Japan, people consider that the sanctions will be off the table with
April 30, 2019
TURKEY – RUSSIA CULTURE AND TOURISM YEAR
In the ‘Turkey – Russia High Level Collabration Council Meeting’ held in Moscow leading by Turkish president Recep Tayyip Erdoğan and Russia President Vladimir Putin, the ‘2019 Turkey- Russia Culture and Tourism Year’ declaration signed by both Ministers of Culture of each country. Thus, in order to introduce the culture of both countries in 2019,
February 13, 2019
TURKEY RUSSIA VISA PROCESS
Russian President Vladimir Putin abolished the visa regime for Turkish citizens who went to Russia for business travel and as a truck driver. Turkish businessmen in Moscow said they were satisfied with this development and hoped that they would be applied on general visas. According to Russian media, Turkish drivers working in the international transport
November 27, 2018
TURKSTREAM IS READY TO FLOW
The “Ceremony of Completion of the Sea Section of the TurkStream ” was held with the speeches of Turkish President Recep Tayyip Erdoğan and Russian President Vladimir Putin at the Istanbul Convention Center. Erdogan pointed out that the construction of the plant in the coastal area of the pipeline is continuing and he said TurkStream
September 26, 2018
TURKISH COMPANIES’ SUCCESS IN RUSSIA
Russia is one of the countries where the Turks have invested the most excluding the European countries where there are vast Turkish origin population, like Germany and France. Among these investors, there are well known enterprises such as Koç, ENKA, Anadolu and Şişecam, as well as Turkish investors born and raised in Russia. Turkish companies
May 22, 2018
What is The Black Sea Economic Cooperation Organization ?
The Black Sea Economic Cooperation Organization (BSEC), whose headquarter is in Istanbul, was established on 25 June 1992. There are 12 members, many of which are formed by the countries that have coast in the Black Sea. The Founding members are Turkey, Russia, Azerbaijan, Armenia, Moldova, Georgia, Ukraine, Bulgaria and Romania. Other three members are
October 23, 2017
NEW STEPS BETWEEN TURKEY- RUSSIA
Since the last year, four meetings has been held between the two presidents of Turkey and Russia., the critical bilateral agenda is being discussed. The relations between Ministries, parliaments and regions are developing, a program signed to increase the bilateral trade and services. new common investment fund to be established (for around 1 billion $).
May 12, 2017
TURKEY- RUSSIA RELATIONS
The relations between Turkey and Russia, countries that share the Black Sea and have strong historical and cultural bonds, date back in time. During several historical periods sometimes a rivalry sometimes very strong collaboration can be found. Right after the Cold War, new business opportunities and perspectives show up for both two countries. In 1990s
October 11, 2016
Turkey signs joint investment fund with Russia
Turkey has agreed to sign a joint investment fund with Russia on Sunday, Economy Minister Nihat Zeybekci said. The $1 billion fund aims to boost relations in many areas such as tourism, energy, agriculture and transport. Speaking to journalists in Istanbul following meeting with Russian counterpart Alexey Ulyukaev, Zeybekci said: “We have reached a significant
August 11, 2016
New era for Turkey-Russia relations: Cavusoglu
Turkey and Russia took a big step towards normalising relations on Tuesday, with President Recep Tayyip Erdogan and his counterpart Vladimir Putin announcing an acceleration in trade and energy ties at a time when both countries are looking for an upturn in their economies and have strains with the West. In an exclusive interview with