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Turkish Foreign Trade Deficit Declined in November

According to figures from the Turkish Statistical Institute, Turkey's foreign trade deficit fell by 5.5% in November, declining from $7.57 billion to $7.16 billion compared to November 2011. In spite of the decline appearing to be quite significant, it didn't impress investors as it was below market expectations. Turkish exports...

Posted on 04 January 2013

More on the Turkish Airlines Istanbul Global Mega Hub

We covered the rapid expansion of Turkish airlines, and of its Istanbul Ataturk airport base into a Global Mega Hub yesterday, and included some new routes added by the airline past and upcoming future, but as Anna Aero has also just covered a full feature on upcoming routes to be...

Posted on 14 December 2012

Turkish Airlines Expanding Global Mega Hub in Ataturk

According to a new (and very interesting) report from aviation-industry analysis website Anna.Aero, Turkish airlines is successfully turning Istanbul into a global mega [travel] hub, as part of President and CEO, Dr Temel Kotil's aim of making it the largest airline on earth. The report goes on to explain the...

Posted on 13 December 2012

Turkey Hopeful of Receiving Better Ratings

Turkey is hopeful of receiving better ratings from international credit evaluators, as its foreign trade deficit fell 31% in October compared to October 2011. Figures from the Turkish Statistical Institute show exports grew by 11.6% in October year on year, while imports declined by 5.6% during the same period. It's...

Posted on 07 December 2012

Turkey Talking Energy with Russia

The Russian president recently visited Turkey as the two countries are looking to increase bilateral trade from its current level of $32 billion to around $100 billion. This is an ambitious target, and is largely dependent on the Turkish energy imports. During the first 10 months of this year Russia...

Posted on 06 December 2012

Turkish Economy Set For Happy Christmas and New Year

While the Turkish economy has gone from the sick man of Europe to one of the continent's strongest and most stable economies over the last 10 years, it still has its problems. The biggest one has always been unemployment, but during the last 2 years this really started to fall....

Posted on 01 December 2012

Turkey Shows Off Growing Prowess with High Speed Trains

It's expected that Turkey's growing network of high-speed trains could save the country $800 million a year. By 2023 Turkey is expected to have 10,000 km of high-speed train lines out of a total of 25,000 km, and it's anticipated this will have a considerable effect on cultural, social and...

Posted on 29 November 2012

Turkish Airlines announces 4 new destinations

Istanbul, 27 November 2012 - Turkish Airlines, Turkey’s national flag carrier, has announced 4 new destinations, Salzburgin Austria, Luxorand Aswanin Egyptand Colomboin Sri Lanka. With these new routes Turkish Airlines reaches nearly 250 destinations from Istanbul and again being crowned the “Best Airline in Europe” Turkish Airlines is aiming to...

Posted on 28 November 2012

Turkey’s new high speed train network to boost economy

Istanbul, 26 November 2012 - By 2023 Turkey is expected to have 10,000 kilometres of high speed track out of the country’s total of 25,000 kilometres. Speaking recently Binali Yildirim, Turkey’s Minister of Transport and Communication, said  “The high-speed train lines that will connect four major cities Ankara to Istanbul,...

Posted on 28 November 2012

Tenders for Istanbul’s third airport expected by end 2012

Istanbul, 25 November 2012 – At a cost 6.5 billion USD Istanbul’s 3rd airport is expected to be put out to tender before 31 December 2012. The first phase of the airport will have 3 runways and a 100 million passenger capacity and should be completed in 2016. The project...

Posted on 28 November 2012