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Turkey increasing component supplies to Airbus

Istanbul, 12 September 2012 - Turkish aerospace companies are playing an increasing role in supplying aircraft parts and components to Airbus’ various military and civil projects. Joint ventures signed between the Turkish aircraft industry and Airbus is creating 2,500 new jobs and is likely to be worth 2.4 billion USD....

Posted on 18 September 2012

South Korean bank to open office in Turkey

Istanbul, 11 September 2012 - Speaking at a recent press conference, Yun Yong-ro, CEO of Korea Exchange Bank, said the bank is considering applying for banking licence in Turkey, If it goes ahead it will be the South Korea’s first bank to establish a bank in Turkey. Korea Exchange Bank...

Posted on 18 September 2012

Turkey Discusses the Trans-Caspian Pipeline

Senior officials from Azerbaijan, the European Union, Turkey and Turkmenistan recently met to discuss the Trans-Caspian gas pipeline that will deliver gas to Europe through Azerbaijan and Turkey. The main aim of the project is to reduce Europe's dependence on Russian gas, and Turkmenistan is also trying to diminish its...

Posted on 14 September 2012

Turkey to Become EBRD’s Second Biggest Investment Destination

The European Bank for Reconstruction and Development (EBRD) plans to invest 1 billion euros ($1.3 bln) in Turkey next year, predicting demand for finance will grow, especially in the agribusiness and renewable energy sectors. According to Suma Chakrabarti, the bank's president Turkey is set to overtake the Ukraine as its...

Posted on 13 September 2012

Shale gas exploration starts in Turkey

Istanbul, 5 September 2012 - TPAO,Turkey’s state owned oil company, in conjunction with Shell has begun exploring for shale gas in the Anatolian province of Turkey. At a recent meeting with Taner Yildiz, Turkey’s Minister of Energy, Shell CEO Peter Voser said “Shell is pleased to work with TPAO on...

Posted on 12 September 2012

Turkish tractor manufacturer awarded first green ISO certification in Turkey

Istanbul, 3 September 2012 - Turk Traktor has become the first company in Turkey to be awarded ISO 14064 Greenhouse Gas Emissions quality certification and ISO 50001 Energy Management certification. Turk Traktor is a joint venture between Koc Holding, the leading Turkish conglomerate, and Italy’s CNH which was formed in...

Posted on 11 September 2012

Turkish Economy Soldiers on on Diversified Export Markets

Analysts predict that Turkey will have avoided the slowdown seen by most western European economies in the second quarter, as firms diversified their exports away from Europe into Africa and the Middle East to generate, which also helped to bring about a 12%+ growth in exports for the first seven...

Posted on 08 September 2012

Arabs Flocking to Turkey and Spending Heavily

Not a year since the last report of record Arab tourism into Turkey we have another bumper report to share. According to the latest reports, the number of Arab tourists entering Turkey increased by 71% in the first six months of this year compared to the previous year. The rise...

Posted on 07 September 2012

US companies to invest in Turkey’s solar energy

Istanbul, 31 August 2012 - International Capital Alliance and International Solar Electric Technology of the US has announced plans to form a JV to invest in solar photovoltaic panels production in Turkey. The new JV company is also planning to set up a 200 MW solar farm. The initial investment...

Posted on 04 September 2012

New Turkish industrial complex project to start in 2013

Istanbul, 30 August 2012 – The new Filyos Valley industrial complex at Caycuma in the western Black Sea area is set to begin in 2013. The complex will consist of a port, industrial areas, including iron-steel foundries, shipbuilding facilities and cement plants, power plants and dams. Commenting on the project...

Posted on 04 September 2012