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Category Archives: News

Izmir Port to Benefit from Expansion Plus New Cruise Marina

Izmir port is to be rehabilitated and revitalised by the state railway authority in an effort to increase its capacity and revenue. In a statement released this week the authority said that because of a lengthy privatisation process, the port has lacked investment for some time. The privatisation process, which...

Posted on 07 April 2012

Turkey Renews Call on EU to Lift Visa Requirements

The chief negotiator and European Union Minister for Turkey, Egemen Bagis, has once again called on EU executives to lift visa requirements for Turkish citizens. Bagis has formally written to European commissioners and the European Parliament as well as the European media, members of non-governmental organisations and think tank organisations,...

Posted on 05 April 2012

Economic Crisis Improves Relations Between Turkey and Greece

Historically relations between the Greek and Turkish nations have always been a little tense, but there is speculation that Greece’s recent economic woes may lead to something of a rapprochement between the two countries. Greece was quick to send aid to Turkey after the earthquake in the eastern province of...

Posted on 29 March 2012

Turkey Agrees FTA with Korea

Turkey and Korea have concluded talks on a bilateral free trade agreement, and the pact will now come into effect once it has been ratified by both parliaments. The deal was announced by President Lee Myung-bak and Turkish Prime Minister Recep Tayyip Erdogan when they met at Cheong Wa Dae...

Posted on 28 March 2012

Turkey and Venezuela Close to Oil for Homes Barter System

According to Mithat Cansiz, president of the Turkish Petroleum International Co Ltd (TPIC), Turkey is on the verge of agreeing a bartering arrangement with Venezuela. TPIC is an affiliate of the Turkish Petroleum Corporation (TPAO) which is run by the state. This innovative agreement would allow Turkish firms to construct...

Posted on 22 March 2012

Urban Renewal Programme Under Starter’s Orders

Turkey is about to embark on a $100 billion urban renewal programme, which will reinforce or demolish buildings susceptible to earthquakes. It's due to begin in Istanbul in either April or May, and the transformation will encompass four major districts within the province. The bill for the project was recently...

Posted on 10 March 2012

Turkish News Roundup February 2011

New Flights February saw the addition of two new Turkish flights. Rusline announced new twice weekly flights between Nalchik and Istanbul Sabiha Gocken. Turkish Airlines continued their expansion with new indirect flights to Mogadishu in Somalia via Khartoum. Business/Investment February saw two major global firms make Turkey their regional hub....

Posted on 02 March 2012

Turkey’s Foreign Trade Deficit Falls by 4.7% in January

Turkey's foreign trade deficit fell by 4.7% year on year in January to $7 billion, according to the Turkish statistics bureau. The figures were welcome news especially as exports increased by 8.6% year on year to reach $10.4 billion, whereas imports rose by a mere 2.8% to reach $17.4 billion,...

Posted on 01 March 2012

Turkish Airports Continue Exceptional Growth

Traffic through Turkish airports is continuing to grow strongly according to the latest data. Anna.Aero, the airline data collation website has just published stats for January, which show incredible growth across Turkish airports. Dalaman was the best performer with passenger numbers up 41.1% year on year from 22,555 last January...

Posted on 24 February 2012

BT to Double Turkish Investment Create Global Satellite Hub

British Telecom has announced sweeping plans to make Istanbul not only a regional hub for its business (along with Dubai and Johannesburg, South Africa), but also a "Global Center of Satellite Excellence", according to aid Luis Alvarez, president in charge of Europe, Middle East, Africa and Latin America. Speaking at...

Posted on 17 February 2012