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Turkey moves to end exploitation of refugee workers

Friday, October 24, 2014 Media
As Turkey eyes new laws to bring thousands of Syrian refugees out of the shadowy world of black-market labor, analysts say that these policies need to stamp out exploitation and curb fears among Turkish society. Earlier this month Labor Minister Faruk Celik said the country would revise its system of work permits and…

35 percent of Eurasia Tunnel completed

Friday, October 24, 2014 Stock Markets
Works of Eurasia Tunnel Project continue under the sea bottom. So far, 35 percent of tunnel has been completed, and 2,160-meter distance is left to dig. Eurasia Tunnel that is being built between Kazlıçeşme and Göztepe districts of Istanbul and it is expected to reduce travel time to the 15 minutes, has been…

Higher pay for Turkish university researchers expected

Friday, October 24, 2014 Expert Advice
Turkey's Prime Minister Ahmet Davutoglu promised on Sunday to increase the wages of young academicians and research assistants at Turkish universities by around 35 percent soon after Eid al-Adha. He made the remarks at a meeting of the Justice and Development (AK) Party in Istanbul’s Halic Congress Center. "Hopefully,…

Greek Cypriot talks on Egyptian gas sales may irk Turkey

Friday, October 24, 2014 Energy
Greek Cypriot natural gas talks with British Gas Egypt on Monday might further provoke Turkey, who is against the island's gas sales before a political solution is reached. Greek Cypriot national energy firm Cyprus Hydrocarbons Company, CHC, held a meeting Monday in Nicosia with British Gas Egypt to meet Egypt's…

Wrong price policies cause the regional housing bubbles in Turkey

Thursday, October 23, 2014 Real Estate
Makbule Yönel Maya, General Manager of TSKB Real Estate Valuation, said that it is not possible to talk about general housing bubble in Turkey. “In this case, regional bubbles come to mind. Regional over-valuation, wrong price policies bring regional and project based risk into question,” she added. Evaluating house…

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October 24, 2014

Turkey moves to end exploitation of refugee workers

As Turkey eyes new laws to bring thousands of Syrian refugees out of the shadowy world of black-market labor, analysts say that these policies need to stamp…
October 24, 2014

35 percent of Eurasia Tunnel completed

Works of Eurasia Tunnel Project continue under the sea bottom. So far, 35 percent of tunnel has been completed, and 2,160-meter distance is left to dig.…
October 24, 2014

Higher pay for Turkish university researchers expected

Turkey's Prime Minister Ahmet Davutoglu promised on Sunday to increase the wages of young academicians and research assistants at Turkish universities by…
October 24, 2014

Greek Cypriot talks on Egyptian gas sales may irk Turkey

Greek Cypriot natural gas talks with British Gas Egypt on Monday might further provoke Turkey, who is against the island's gas sales before a political…
October 23, 2014

Wrong price policies cause the regional housing bubbles in Turkey

Makbule Yönel Maya, General Manager of TSKB Real Estate Valuation, said that it is not possible to talk about general housing bubble in Turkey. “In this case,…

IMF Representative: Turkey’s time for another leap forward

October 23, 2014 in Stock Markets
It is time for another economic leap forward, IMF Senior Resident Representative in Turkey, Srikant Seshadr, said on Wednesday. Speaking in an exclusive…

LNG to be alternative to oil for European roads

October 23, 2014 in Enterprise
Liquefied natural gas can be used as alternative fuel to diesel and gasoline for road transportation in Europe in the next five years, according to an oil and…

Turkey’s assets abroad have increased this year

October 23, 2014 in Money
Turkey’s assets abroad increased by 2.9 percent in August of 2014 to $232 billion, the country's central bank said on Wednesday. Liabilities abroad also…

Turkey’s first national car brand to be electric: Minister

October 23, 2014 in Expert Advice
Turkey seeks to create its first national automobile brand, and the cars will be electric, the Minister of Science, Industry and Technology,Fikri Isik said on…

Turkey prepares new regulation for square meter declaration

October 22, 2014 in Real Estate
It is stated that with the new regulation for square meter declaration in house sales, confusion will be end in the sector, and consumer rights will be…

Apple could turn iPhones into remote controls for cars

October 22, 2014 in Enterprise
Only a day after the first customers began using Apple pay, Apple has been granted a patent which could turn future iPhones into remote controls for cars. In…

Turkey plans to build third nuclear power plant

October 22, 2014 in Stock Markets
"Turkey will build a third nuclear power plant by 2018-2019, when we have sufficiently qualified people to build it as a national project," Turkish Prime…

Afghanistan's opium production hits all-time high

October 22, 2014 in Asia
A report released on Tuesday by the Special Inspector General for Afghanistan Reconstruction, known by its acronym SIGAR, states that Afghanistan had its…

Income from Turkish special consumption tax to rise

October 22, 2014 in Stock Markets
The Turkish government seeks to raise more income from its tax on luxury goods, cars, alcoholic beverages, and other specialty items. The Turkish government…

House prices increase in Turkey

October 21, 2014 in Real Estate
Despite fluctuations in new house sales, the prices of new houses in Turkey are maintaining an unbroken upward trend since 2010 figures. The prices of new…

Lower GDP growth in China threatens annual target

October 21, 2014 in Asia
China has recorded its weakest quarterly growth in more than five years, the National Bureau of Statistics reported Tuesday. Gross Domestic Product increased…

Turkey 'effective' in bid for visa-free travel: EU

October 21, 2014 in Tourism
A European Union Commission report has stated Turkey has been "effective" in its efforts to meet the bloc's requirements for allowing Turkish citizens to be…

Sharp drop expected for UK economy next year

October 21, 2014 in Europe
Increased risk levels will weigh on U.K. economic growth in 2015, a panel of economists warned Monday. Gross Domestic Product growth will decline to 2.4…

Moody's upgrades Egypt’s credit outlook

October 21, 2014 in Finance
Credit rating agency, Moody’s raised its credit outlook for Egypt from “negative” to “stable” on Monday, citing improvements in general atmosphere and signs of…

Winners of 51st 'Turkish Oscars' announced

October 20, 2014 in Culture & Art
The winners of the 51st International Golden Orange Festival -- known as the Turkish Oscars -- have been unveiled at an award ceremony in the southern city of…

Turkey moves to end exploitation of refugee workers

Turkey moves to end exploitation of refugee workersAs Turkey eyes new laws to bring thousands of Syrian refugees out of the shadowy world of black-market labor, analysts say that these policies need to stamp out exploitation and curb fears among Turkish society.

Earlier this month Labor Minister Faruk Celik said the country would revise its system of work permits and introduce ID cards for hundreds of thousands of Syrian refugees, bringing... Add a comment

Read more...

35 percent of Eurasia Tunnel completed

35 percent of Eurasia Tunnel completedWorks of Eurasia Tunnel Project continue under the sea bottom. So far, 35 percent of tunnel has been completed, and 2,160-meter distance is left to dig. 

Eurasia Tunnel that is being built between Kazlıçeşme and Göztepe districts of Istanbul and it is expected to reduce travel time to the 15 minutes, has been photographed.

Tunnel will connect Asia and Europe at under the sea bottom... Add a comment

Read more...

Higher pay for Turkish university researchers expected

Higher pay for Turkish university researchers expectedTurkey's Prime Minister Ahmet Davutoglu promised on Sunday to increase the wages of young academicians and research assistants at Turkish universities by around 35 percent soon after Eid al-Adha.

He made the remarks at a meeting of the Justice and Development (AK) Party in Istanbul’s Halic Congress Center.

"Hopefully, we will make a legal regulation following the Eid al-Adha to make up... Add a comment

Read more...

Greek Cypriot talks on Egyptian gas sales may irk Turkey

Greek Cypriot talks on Egyptian gas sales may irk TurkeyGreek Cypriot natural gas talks with British Gas Egypt on Monday might further provoke Turkey, who is against the island's gas sales before a political solution is reached.

Greek Cypriot national energy firm Cyprus Hydrocarbons Company, CHC, held a meeting Monday in Nicosia with British Gas Egypt to meet Egypt's natural gas needs.

Egypt is facing an energy crisis and has witnessed severe... Add a comment

Read more...

Wrong price policies cause the regional housing bubbles in Turkey

Wrong price policies cause the regional housing bubbles in TurkeyMakbule Yönel Maya, General Manager of TSKB Real Estate Valuation, said that it is not possible to talk about general housing bubble in Turkey. “In this case, regional bubbles come to mind. Regional over-valuation, wrong price policies bring regional and project based risk into question,” she added. 

Evaluating house sales in across Turkey, Maya stated that when the number of house... Add a comment

Read more...

IMF Representative: Turkey’s time for another leap forward

IMF Representative: Turkey’s time for another leap forwardIt is time for another economic leap forward, IMF Senior Resident Representative in Turkey, Srikant Seshadr, said on Wednesday.

Speaking in an exclusive interview with the Anadolu Agency, Seshadri said that Turkey’s long term economic potential is bright thanks to an “extraordinary combination of assets” including a large and dynamic economy, favorable demographics and an... Add a comment

Read more...

LNG to be alternative to oil for European roads

LNG to be alternative to oil for European roadsLiquefied natural gas can be used as alternative fuel to diesel and gasoline for road transportation in Europe in the next five years, according to an oil and gas expert.

"The feasibility of LNG as fuel for transportation has been proven, technically it is possible, while commercially the possibilities assessed are positive," said Cyril Widdershoven, an oil and gas expert, working for TNO, a... Add a comment

Read more...

Turkey’s assets abroad have increased this year

Turkey’s assets abroad have increased this yearTurkey’s assets abroad increased by 2.9 percent in August of 2014 to $232 billion, the country's central bank said on Wednesday.

Liabilities abroad also increased by 4.6 percent to reach $647.9 billion in August. 

The net international investment position, or the gap between Turkey’s assets and liabilities abroad, was -$415.9 billion in August. This represents an increase from the end... Add a comment

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Turkey’s first national car brand to be electric: Minister

Turkey’s first national car brand to be electric: Minister  Turkey seeks to create its first national automobile brand, and the cars will be electric, the Minister of Science, Industry and Technology,Fikri Isik said on Tuesday.

Isik said that there is a current project underway to create the first national car brand, and tangible steps will be taken in the near future.

"Let me say first that Turkey has missed the train for the classic internal... Add a comment

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Turkey prepares new regulation for square meter declaration

Turkey prepares new regulation for square meter declaration It is stated that with the new regulation for square meter declaration in house sales, confusion will be end in the sector, and consumer rights will be protected. 

With the instruction of İdris Güllüce, Minister of Environment and Urban Planning, a new regulation is being prepared for real estate sales. With the regulation, confusion in the sector will end in housing sales. 

Consumers... Add a comment

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