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Category Archives: News

Turkish Unemployment Still Falling Says Turkstat

Turkish unemployment fell to 10.2 percent of the workforce in the three months to February, from 11.9 percent in the same period of 2011, official data showed on today. The number of people unemployed fell by 380,000 people to 2.664 million on a 12-month comparison, the statistics institute said on...

Posted on 20 April 2012

Edinburgh Airport Sold, New Flights to Turkey’n All

Edinburgh airport has made the industry headlines this week because it has been bought by an as yet unknown consortium. However, that is not the only news relevant to us, as the report also reveals several new Turkish flights to and from the airport, which have just been added. According...

Posted on 19 April 2012

US Secretary of Commerce Praises Turkey’s Economic Progress

The US secretary of Commerce, John Bryson, has praised the economic progress Turkey has made over the last decade, and thinks Turkey could well become one of the 10 largest economies in the world in the future. He was speaking at a lunch organised by the progressive think tank Centre...

Posted on 13 April 2012

Izmir Port to Benefit from Expansion Plus New Cruise Marina

Izmir port is to be rehabilitated and revitalotation">55d-e5b0-d74a-27b68=" "="" span="">128b48" class="textannotation">9777c6246cfa" class="textann<sss="textannotation">pan id="urn:enhancement-9ebc1726-138d-55f2-2c90-480e6cd78cae" class="textannotation">otatio</sn">ised by the state railway authority in an effort to increase its capacity and revenue. In a statement re"">4-e036-f1dd-0e4e1ead67b1" class="textannotation">tion">leased this week the authority >"textannotation">extannotation">said thpan id=" urn:enhancement-c99051c4-d234-b531-518b-e5d73586476e="" span="">" class="textannotation">b136" class="textannotation">at because of a lengthy privatisation process,...

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