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Turks to spend $1.1 bln on faith-based tourism in 2014

Tuesday, September 02, 2014 Places of Interest
Turks are expected to spend $1.1 billion on pilgrimages to the holy city of Mecca this year, according to a recently released report by the Turkish Association of Travel Agents (TÜRSAB). More than 61,000 Turkish nationals have traveled to Mecca this year to perform the hajj, a ritual compulsory for all Muslims who are…

Turkish PMI surpasses 50 points in August

Tuesday, September 02, 2014 Enterprise
 The Turkish manufacturing industry's Purchasing Managers' Index (PMI) exceeded 50 points in August under export increases, an HSBC report revealed on Monday. The PMI rose to 50.3 in August after a level of 48.5 in July, indicating relative progress in the sector's business climate. However, it fell short of 51.0,…

Hazelnut prices jump after Turkey's March frost

Tuesday, September 02, 2014 Agriculture
A 30 percent increase in the price of hazelnuts could affect confectioners as farmers wait for prices to go up further. Hazelnuts have increased by 30 percent following a devastating frost in March. Turkey is the world's biggest grower of the nuts and Ordu province on the Black Sea coast produces more than half of the…

DAP Yapı to attend Cityscape Global 2014 with IstMarina project

Tuesday, September 02, 2014 Real Estate
One of Turkey’s leading real estate companies, DAP Yapı will attend the Cityscape Global 2014 that is considered as world’s most prestigious real estate fair. DAP Yapı aims to introduce its İstMarina project, which is being built in İstanbul’s Kartal district as a mixed-use project, to the investors from Gulf region.…

Turkey's government priorities: strong economy

Tuesday, September 02, 2014 Expert Advice
The program of the Turkish Republic's 62nd government, formed by Prime Minister Ahmet Davutoglu was read at the parliament Monday The program of the Turkish Republic's 62nd government, formed by Prime Minister Ahmet Davutoglu, was read at the parliament Monday. The economy will be the next most important issue for the…

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September 02, 2014

Turks to spend $1.1 bln on faith-based tourism in 2014

Turks are expected to spend $1.1 billion on pilgrimages to the holy city of Mecca this year, according to a recently released report by the Turkish Association…
September 02, 2014

Turkish PMI surpasses 50 points in August

 The Turkish manufacturing industry's Purchasing Managers' Index (PMI) exceeded 50 points in August under export increases, an HSBC report revealed on Monday.…
September 02, 2014

Hazelnut prices jump after Turkey's March frost

A 30 percent increase in the price of hazelnuts could affect confectioners as farmers wait for prices to go up further. Hazelnuts have increased by 30 percent…
September 02, 2014

DAP Yapı to attend Cityscape Global 2014 with IstMarina project

One of Turkey’s leading real estate companies, DAP Yapı will attend the Cityscape Global 2014 that is considered as world’s most prestigious real estate fair.…
September 02, 2014

Turkey's government priorities: strong economy

The program of the Turkish Republic's 62nd government, formed by Prime Minister Ahmet Davutoglu was read at the parliament Monday The program of the Turkish…

Yo-Yo Ma to close İzmir Festival

September 01, 2014 in Media
The 28th International İzmir Festival, organized by the İzmir Foundation for Culture and Arts, will end on Sept. 3 with a concert by French-American cellist…

Expert: Asians, seeing turmoil, seek new energy sources

September 01, 2014 in Energy
Events in the Middle East causing energy importers such as Asian countries to look more urgently for alternative sources of supply, says expert Countries that…

Furniture giant Istikbal opens store In Switzerland

September 01, 2014 in Enterprise
Turkey's largest furniture maker, Istikbal, opened a store in Zurich on Sunday with a ceremony attended by Boydak Holding CEO Memduh Boydak. Speaking at the…

“We do not expect the demand insufficiency in middle and long-term”

September 01, 2014 in Real Estate
Ömer Faruk Çelik, Chairman of Housing Developers and Investors (KONUTDER), said that while millions of families live with the earthquake threat, it is wrong to…

Turkish Deputy PM Babacan to maintain oversight of economy

September 01, 2014 in Stock Markets
Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new government, senior officials told Reuters late on Aug.…

Turkey will turn the lights on in Gaza

August 31, 2014 in Energy
An official from Turkish ship company sending floating power generating ship to Gaza says the electricity generating vessel will ease the power crisis in Gaza…

Ankara State Opera to meet Italian audience

August 31, 2014 in Culture & Art
The Ankara State Opera and Ballet (ADOB) has announced that it will perform Mozart’s “Abduction from the Seraglio” (Die Entführung aus dem Serail) in Sicily’s…

Filmekimi's 13th outing begins next month

August 31, 2014 in Culture & Art
Canadian director Xavier Dolan's latest movie "Mommy" to be screened at Filmekimi. The 13th Filmekimi in Turkey takes place next month featuring works from…

Google tests airborne drones to deliver goods

August 31, 2014 in High Tech
Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday.…

Turkey's biggest state bank applies to found Islamic bank

August 31, 2014 in Enterprise
Turkey's largest state-run lender, Ziraat Bank, applied to Turkey's banking watchdog on Friday to establish its own interest free Islamic bank. The Turkish…

Turkey to strengthen energy ties with Venezuela

August 30, 2014 in Energy
Venezuela and Turkey are expected to sign reciprical trade deals - with Venezuela supplying Turkey with oil and Turkey signing up to various infrastructure and…

New Turkish PM expected to conduct active energy policy

August 30, 2014 in Energy
Expert says Turkey will accelerate international energy projects during Davutoglu's prime ministry as he is experienced in energy diplomacy due to 5 years as…

Göbeklitepe: The world’s oldest sculpture workshop

August 30, 2014 in Culture & Art
Twenty years have passed since archaeological excavations started in Göbeklitepe. Findings so far have revealed that the ancient site was the world’s oldest…

Istanbul weds more and more foreign couples

August 30, 2014 in Media
An increasing number of foreigners choose Turkey for their wedding celebration. "We couldn't think of anywhere better for a wedding than by the Bosporus in…

Ancient throne discovered in excavations at Euromos

August 30, 2014 in Culture & Art
Excavation works in the ancient city of Euromos, located near the city of Milas in the western province of Muğla, have revealed the remains of a 2,300 year-old…

Turks to spend $1.1 bln on faith-based tourism in 2014

Turks to spend $1.1 bln on faith-based tourism in 2014Turks are expected to spend $1.1 billion on pilgrimages to the holy city of Mecca this year, according to a recently released report by the Turkish Association of Travel Agents (TÜRSAB).

More than 61,000 Turkish nationals have traveled to Mecca this year to perform the hajj, a ritual compulsory for all Muslims who are physically and financially able to make the journey. An additional... Add a comment

Read more...

Turkish PMI surpasses 50 points in August

Turkish PMI surpasses 50 points in August The Turkish manufacturing industry's Purchasing Managers' Index (PMI) exceeded 50 points in August under export increases, an HSBC report revealed on Monday. 

The PMI rose to 50.3 in August after a level of 48.5 in July, indicating relative progress in the sector's business climate. However, it fell short of 51.0, which is Turkey's average, long-term PMI. 

Manufacturing output, new... Add a comment

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Hazelnut prices jump after Turkey's March frost

Hazelnut prices jump after Turkey's March frostA 30 percent increase in the price of hazelnuts could affect confectioners as farmers wait for prices to go up further.

Hazelnuts have increased by 30 percent following a devastating frost in March.

Turkey is the world's biggest grower of the nuts and Ordu province on the Black Sea coast produces more than half of the country's crop.

The unexpected frost came at a vital time in the growing... Add a comment

Read more...

DAP Yapı to attend Cityscape Global 2014 with IstMarina project

DAP Yapı to attend Cityscape Global 2014 with IstMarina projectOne of Turkey’s leading real estate companies, DAP Yapı will attend the Cityscape Global 2014 that is considered as world’s most prestigious real estate fair. DAP Yapı aims to introduce its İstMarina project, which is being built in İstanbul’s Kartal district as a mixed-use project, to the investors from Gulf region.

Worldwide more than 200 real estate companies and 32 Turkish... Add a comment

Read more...

Turkey's government priorities: strong economy

Turkey's government priorities: strong economyThe program of the Turkish Republic's 62nd government, formed by Prime Minister Ahmet Davutoglu was read at the parliament Monday

The program of the Turkish Republic's 62nd government, formed by Prime Minister Ahmet Davutoglu, was read at the parliament Monday.

The economy will be the next most important issue for the new Davutolgu’s government after democratization. The economy program... Add a comment

Read more...

Yo-Yo Ma to close İzmir Festival

Yo-Yo Ma to close İzmir FestivalThe 28th International İzmir Festival, organized by the İzmir Foundation for Culture and Arts, will end on Sept. 3 with a concert by French-American cellist Yo-Yo Ma. 

The cellist, who has won 17 Grammy awards over the course of his career and who currently serves as an EU peace envoy, will be accompanied by the Silk Road Ensemble.

Ma and the Silk Road Ensemble will give a concert upon... Add a comment

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Expert: Asians, seeing turmoil, seek new energy sources

Expert: Asians, seeing turmoil, seek new energy sourcesEvents in the Middle East causing energy importers such as Asian countries to look more urgently for alternative sources of supply, says expert

Countries that depend on energy imports are seeking for new suppliers because of the chaos in the Middle East, says an Asian expert.

The comments came after Turkey and Japan signed a deal last week with the Central Asian country of Turkmenistan for... Add a comment

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Furniture giant Istikbal opens store In Switzerland

Furniture giant Istikbal opens store In SwitzerlandTurkey's largest furniture maker, Istikbal, opened a store in Zurich on Sunday with a ceremony attended by Boydak Holding CEO Memduh Boydak.

Speaking at the inauguration ceremony, Boydak recalled their recent investments in Greece and said their investments across Europe will continue. “We are a company that knows how to turn crises into opportunities,” he said. Istikbal opened two sales... Add a comment

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“We do not expect the demand insufficiency in middle and long-term”

“We do not expect the demand insufficiency in middle and long-term”Ömer Faruk Çelik, Chairman of Housing Developers and Investors (KONUTDER), said that while millions of families live with the earthquake threat, it is wrong to expect that new and earthquake-resistant houses would not be demanded and would be inactive. 

Evaluating the building permit statistics that released by TurkStat, Çelik stated that housing sector has slowed in the first half of... Add a comment

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Turkish Deputy PM Babacan to maintain oversight of economy

Turkish Deputy PM Babacan to maintain oversight of economy Turkish Deputy Prime Minister Ali Babacan will retain overall responsibility for the economy in the new government, senior officials told Reuters late on Aug. 30, a move likely to ease concerns of a turf war within the Cabinet. 

Babacan, and more recently Finance Minister Mehmet Şimşek, have been part of a well-respected economics team that has helped steer Turkey through a decade of... Add a comment

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