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
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Kasım 27, 2018
Kasım 27, 2018
HIGHLIGHTS ON UNEMPLOYMENT, INFLATION AND INVESTMENTS IN TURKISH ECONOMY
Treasury and Finance Minister Berat Albayrak announced the New Economy Program at the Presidency Dolmabahçe Labor Office, which will cover the years 2019-2021. According to Albayrak, “the current account deficit will drop to 2.6 percent. employment is another of our key areas. The unemployment rate will be reduced to 10.8 percent by 2020. 2021 In
Kasım 27, 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
Kasım 27, 2018
TURKEY’S EXPORT-IMPORT ANALYSIS
The trade volume and the exchange in the export- import figures of Turkey and its trade partnership countries have been very positive in the last few years. Exports Germany ranked top 1 in Turkey’s export countries list with 15.1 billion USD in 2017. Exports reached $ 12.9 billion in 2008 with this country, which makes
Kasım 27, 2018
DEVELOPMENTS OF AEROSPACE SECTOR IN TURKEY
The countdown has begun for Turkey Space Agency included within the 100 Day Action Plan announced by President Recep Tayyip Erdogan. Industry and Technology Minister Mustafa Varank said, the agency that oversees Turkey’s national interests, to ensure coordination in the field of space inustries devlopment. He continued that Turkish Space Agency, in the field of
Kasım 27, 2018
BEST INVESMENT AREAS IN TURKEY IN 2018
Let’s have a close look to the best investment areas in Turkey according to the 2018 investment conditions. Right now the most interesting investment sectors are in Turkey are construction, clothing, food and tourism. Construction sector is growing every year 1,5-2% above the Turkish GDP growth. The size of the investment have no much importance
Kasım 27, 2018
BUSINESS WORLD’S OPINION ON THE NEW CABINET
Business representatives are hopeful that the problems and bureaucratic obstacles will be swiftly overrun by stating that the new cabinet’s economic administration has emerged from within them. It was noted that the assignments made about the economy gave confidence. After the announcement of the new cabinet, the eyes turned to economy management. The Decree Law
Kasım 27, 2018
MEGA INDUSTRIAL ZONES PROJECT
Mega Industrial Zones are defined as “regions where large-scale domestic and foreign investments will be made to produce high and medium-high techological products”. Expropriation costs and infrastructure related costs of the Mega Industry Zones will be covered by the Ministry. Expenses to cover are: “Expropriation can be applied to all kinds of activities such as
Kasım 27, 2018
TURKEY- BULGARIA EFFECT
New developments in the relations of the two neighbouring coutries have been discussed reciently. The meeting that the economic authorities of the two countries attended, was held on February 7, 2018 in Sofia, the capital of Bulgaria. Turkish Economy Minister Nihat Zeybekçi stated that ” On the eve of the transformation of world economic systems
Kasım 27, 2018
TURKEY- GREECE ECONOMIC RELATIONS
The most concrete reflections of dialogue and co-operation between Turkey and Greece are observed in the fields of trade, economy, transport and tourism. In 2014 Turkish trade volume with Greece reached 5.6 billion USD, which corresponds to nearly twice the 2010 trade figures established by the YDIK mechanism. When there was a decline in the