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Demand for Clean Energy in Turkey Set to Increase

It's expected that demand for clean energy in Turkey will increase substantially over the next two years in spite of slowing economic growth. The deputy energy minister, Hasan Murat Mercan has estimated that Turkey needs to spend around $10 billion on generating new power each year for the next decade....

Posted on 08 February 2013

Turkey Doesn’t See Shanghai Group as Alternative to EU

Turkey is looking at joining the Shanghai Cooperation Organisation (SCO), but according to the Turkish president, Abdullah Gul, this is not as an alternative to gaining full membership to the EU. Turkey is still pursuing negotiations to join the EU, and is looking to successfully conclude accession talks. The question...

Posted on 07 February 2013

Turkey Announces Plans to Build Biggest Airport in the World

Turkey has recently announced its intention to build the best airport in the world in Istanbul. Once the €7 billion project is completed it will have an estimated capacity for 150 million passengers, and the project is worth around €7 billion. The tender for the project closes at the beginning...

Posted on 31 January 2013

Turkey to Resume Talks with France on Nuclear Power Plants

France and Turkey has agreed to resume their talks on nuclear energy, as Ankara has plans to build three nuclear power plants within the next five years. The French foreign trade minister, Nicole Bricq recently met with the Turkish energy Minister Taner Yildiz to discuss nuclear power projects. France is...

Posted on 26 January 2013

Full Extent of Turkey’s Shale Gas Reserves Unknown

It is certainly good news that Turkey has considerable deposits of shale gas, as foreign energy imports account for a major part of the current account deficit. Extracting the shale gas could mean Turkey will finally enjoy the competitive energy prices. In 2011 the US government released its analysis of...

Posted on 25 January 2013

Turkey to Use Human Rights Law to Try to Recover Ancient Artifacts

Turkey has a rich archaeological history, but many of its ancient artifacts are owned by museums in the West, but now Turkey is planning to try to recover many of these relics through using the human rights law. It is to file a lawsuit in the European Court of Human...

Posted on 19 January 2013

Abu Dhabi Owned Company Invests in Turkish Coal Mines

Taqa, an Abu Dhabi owned company has recently signed a coal plant deal with Turkey that could be worth $12 billion. The agreement was signed at the beginning of the month and allows Taqa to develop Turkish coal mines. The company will work in conjunction with the Turkish government owned...

Posted on 17 January 2013

Turkey Keen to Boost Trade Volume with Africa

Turkey is keen to boost its trade volume with Africa, and has set a target figure of $50 billion by 2015. The Turkish Prime Minister, Recep Tayyip Erdogan, accompanied by a delegation of 250 businessmen, recently toured Niger, Gabon and Senegal. The trip is all part of the Turkish government’s...

Posted on 11 January 2013

Fears of a Property Bubble Forming in Turkey Are Unfounded

There have been quite few concerns that a property bubble could form in Turkey, leading to the kind of problems seen in Spain. However experts don't think this is very likely to happen due to a number of different factors. Recently Turkish banks have been reducing interest rates on home...

Posted on 10 January 2013

More Travel Agents Choosing to Focus Their Attention on Turkey

Travel agencies are always seeking new destinations, and the economic downturn in Europe has meant the popularity of traditional holiday countries such as Italy, Greece and Spain has declined, and Turkey is increasing in popularity. Rising unemployment figures and economic cutbacks have meant many people have less money to spend...

Posted on 05 January 2013