Christoph Frei, the secretary-general of World Energy Council, said Turkey played a key role in relations with the natural gas producer countries, suggesting that Turkey strengthened its position in the field of energy. Frei noted that Turkey strengthened its position in the field of energy within its own region and added that Turkey has developed
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Turkey
August 25, 2016
August 25, 2016
New investment incentive system in Turkey aims to attract foreigners
The government plans to establish a new incentive system to attract foreign investment to Turkey, Development Minister Lütfi Elvan said Thursday. With the new system, a project-based support mechanism will be created. Speaking to Anadolu Agency, the minister also added that after negotiation by the Economy Ministry with any firm wanting to invest in Turkey,
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
August 5, 2016
Turkish economy ‘strong’ post-coup bid: Commerce chamber
The negative impact of the July 15 failed coup attempt on Turkey’s economy has been minimal, according to the head of the Istanbul Chamber of Commerce (İTO). “The foreign exchange rates have been going back to pre-July 15 levels, while the country’s main stock exchange index has been climbing confidently towards a level that is
August 5, 2016
EMPLOYMENT IN TURKEY
Turkey, with its 78 million population, %16,5 young, has a big potential of employment. It contains in itself qualified and non-qualified workforce with a great value. The big part of the employment in Turkey is provided by the sector of Agriculture. This percentage tend to move to service sector with a huge increase. By June
July 21, 2016
Turkish Airlines named best airline in Europe for sixth year in a row
Turkish Airlines has been named the “Best Airline in Europe” for the sixth year in a row by Skytrax, which is recognized by the aviation industry for its global ranking system which tracks customer satisfaction of airline services and performance around the world. The awards, based on the surveys of over 1 million worldwide airline
July 8, 2016
European bank provides new funds for Turkish renewable energy projects via Akbank
The European Bank for Reconstruction and Development (EBRD) has said that in response to growing demand it has been providing $110 million in new funds to Akbank to finance private companies investing in renewable energy and resource efficiency projects in Turkey in a written statement on June 30. EBRD funds are extended through an investment
June 13, 2016
Turkish economy grows 4.8 percent in first quarter
Turkey’s economy grew a larger-than-expected 4.8 percent in the first quarter of 2016, official data showed on June 10, outperforming major emerging markets peers, as wage hikes and spending by Syrian migrants fueled private consumption, according to analysts. Deputy Prime Minister Mehmet Şimşek said the figures showed the economy was on a strong path and
June 9, 2016
Turkey to offer ‘whatever it takes’ for strategic investments, including 20 tax-free years
Turkey will do “whatever it takes,” including specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors, Economy Minister Nihat Zeybekci has said in an interview with Reuters. “We will offer whatever it takes to create our global giants, to secure our
June 7, 2016
Turkish company ‘agrees $4.2-billion deal to build Iran power plants’
Turkish energy company Unit International has reached a deal worth $4.2 billion with Iran’s Energy Ministry to build seven natural gas power plants, in what it said was the biggest investment in Iran since the lifting of sanctions. Turkish companies have seen the move as a major trade and investment opportunity, with the car, clothing, textiles, machinery
June 2, 2016
UniCredit ‘happy with partnership in Turkey’s Yapı Kredi’
UniCredit has expressed happiness about its partnership with Turkey’s Koç Holding at Yapı Kredi Bank, a senior executive with the Italian lender has said, noting that the company board is not entertaining thoughts of selling the bank, in contrast to recent claims. But UniCredit Central and Eastern Europe (CEE) President Carlo Vivaldi told a group of Turkish
May 24, 2016
World’s first humanitarian summit kicks off in Istanbul
The two-day World Humanitarian Summit, the first of its kind, officially kicked off on May 23 in Istanbul. Turkish President Recep Tayyip Erdoğan delivered the opening speech of the summit with a focus on Turkey’ efforts on humanitarian and development aid. World leaders from United Nations member states, including German Chancellor Angela Merkel, Dutch Prime Minister Mark Rutte and
May 17, 2016
Turkish investors to build at least 10 hotels in Iran in line with tourism protocol: Turkish official
Turkish investors will build at least 10 hotels in Iran and both countries will increase flights with each other in a bid to boost tourism, as part of a protocol signed by high ranking Turkish and Iranian tourism officials on May 12, officials from Turkey’s Tourism Ministry have told Reuters. According to the protocol, Turkish investors will
May 13, 2016
EXPO 2016 ANTALYA “A GREEN LIFE FOR FUTURE GENERATIONS”
EXPO 2016 is hosted by Turkey between April-October in Antalya. With the theme ‘Flowers and Children’ and a slogan ‘A green life for future generations’ , EXPO 2016 brings the visitors horticulture, bio-diversity, sustainability and green-city concepts. There will be 51 participant countries from all around the world including South Korea, Pakistan, Georgia, Turkmenistan, Azerbaijan,