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Car leasing attracts new customers in Turkey

Friday, August 29, 2014 Automotive
Growing awareness of the advantages of car leasing -- renting instead of buying -- is attracting new customers in Turkey. According to a report by the Turkish Short and Long Term Automotive Rental Association, the number of leased vehicles in Turkey reached 214,000 in the first half of this year, an increase of 16…

Turkey approves privatization of national lottery

Friday, August 29, 2014 Stock Markets
Turkey's Supreme Board of Privatization approved the privatization of the operating rights of the national lottery for up to 10 years to Net Sans-Hitay consortium, according to a statement Friday issued in the official gazette. Turkey's Net Sans-Hitay consortium won the tender bid on July 15 for the operating rights…

Turkey's foreign trade deficit shrinks again

Friday, August 29, 2014 Stock Markets
Official data show that Turkish foreign trade deficit fell for the seventh consecutive month. Turkey's foreign trade deficit dropped for the seventh month in a row, according to figures released by the Turkish Statistical Institute (TurkStat) on Friday. July's deficit dropped to $6.46 billion this year from $9.9…

Dogus Group approved to issue Turkey's first corporate sukuk

Friday, August 29, 2014 Finance
Turkish conglomerate Dogus Group has received regulatory approval to raise $370 million by issuing the country's first corporate sukuk, the Capital Markets Board said. Dogus, which has interests ranging from finance to media, will issue the Islamic bonds through its asset leasing company, Dogus Varlik Kiralama; it gave…

42 Turkish companies among top 250 int'l contractors

Friday, August 29, 2014 Real Estate
According to the Engineering News-Record (ENR) report, 42 Turkish companies are listed among the world's top 250 international contractors. The number of Turkish companies was 38 in last year. Nihat Zeybekçi, Minister of Economy, stated that Turkey remains second place in the list after China. In the written…

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August 29, 2014

Car leasing attracts new customers in Turkey

Growing awareness of the advantages of car leasing -- renting instead of buying -- is attracting new customers in Turkey. According to a report by the Turkish…
August 29, 2014

Turkey approves privatization of national lottery

Turkey's Supreme Board of Privatization approved the privatization of the operating rights of the national lottery for up to 10 years to Net Sans-Hitay…
August 29, 2014

Turkey's foreign trade deficit shrinks again

Official data show that Turkish foreign trade deficit fell for the seventh consecutive month. Turkey's foreign trade deficit dropped for the seventh month in a…
August 29, 2014

Dogus Group approved to issue Turkey's first corporate sukuk

Turkish conglomerate Dogus Group has received regulatory approval to raise $370 million by issuing the country's first corporate sukuk, the Capital Markets…
August 29, 2014

42 Turkish companies among top 250 int'l contractors

According to the Engineering News-Record (ENR) report, 42 Turkish companies are listed among the world's top 250 international contractors. The number of…

Turkey's Aselsan increases profit by 100 percent

August 28, 2014 in High Tech
Defense systems company for the Turkish army records order book worth $9.4 billion. ASELSAN, a leading Turkish defense systems producer, claims to have…

Turkey's First Directly Elected President, Erdogan Swarn In

August 28, 2014 in Europe
Recep Tayyip Erdogan was sworn in Thursday as Turkey's first popularly elected president, a position that will keep him in the nation's driving seat for at…

Turkish construction companies hopeful for autumn and winter months

August 28, 2014 in Real Estate
Leading construction companies, which carry out projects in Ankara (capital of Turkey), are hopeful for next period. Companies’ executives said that branded…

Turkey seeks 'win-win' partnership with Africa: Diplomat

August 28, 2014 in Stock Markets
Turkey is preparing for the second African Turkey summit, scheduled for November. Turkey hopes to establish a "win-win" partnership with Africa that would…

Turkey becoming key player in medical tourism

August 28, 2014 in Transportation
The nation recorded 162,445 medical tourists by the end of the first half of 2014. Turkey is emerging as one of the destinations for medical tourism as the…

Turkey guest of honor at Beijing Book Fair

August 28, 2014 in Media
The 21st Beijing International Book Fair opened today at an event attended by Turkish Culture and Tourism Deputy Minister Abdurrahman Arıcı. Turkey is the…

Turkish Central Bank maintains key interest rate, but narrows rate corridor

August 27, 2014 in Finance
The Turkish Central Bank has kept its main policy interest rate the same, but trimmed its interest rate corridor’s upper band by 0.75 points, triggering a…

Turkish banks can fund more energy projects

August 27, 2014 in Energy
$1 billion credit deal between Turkish Petroleum Corporation and two Turkish banks may create a 'domino effect' The $1 billion loan agreement between Turkish…

CNR Real Estate Fair Turkey attracts attention from GCC

August 27, 2014 in Real Estate
Tawfiq Al-Rabiah, Saudi minister of commerce and industry, will attend the opening of CNR Emlak - Real Estate Fair Turkey. CNR Holding, with 29 years of…

Hyundai gives new luxury sedan a Turkish name, 'Aslan'

August 27, 2014 in Automotive
Korea's largest automaker Hyundai Motor unveils its new AG luxury sedan, "Aslan," Turkish for lion, Sunday. The front-wheel drive sedan with a strong-looking…

Exports of Turkish made TV series soar

August 27, 2014 in Media
Each episode of Turkish TV series exported to the Middle East and Arabian countries can fetch up to $200 thousand. Turkey has earned more than $150 million…

Turkey, Japan sign $1.7 billion gas-to-liquids project with Turkmenistan

August 26, 2014 in Energy
Turkmenistan, holder of the world’s fourth-largest natural gas reserves, signed a $1.7 billion deal with a Turkish-Japanese consortium on Aug. 26 to build a…

Investors flock to Turkey’s energy watchdog for solar projects

August 26, 2014 in Energy
A large number of local and foreign investors have submitted applications to Turkey’s Energy Market Regulatory Authority (EMRA) to set up solar power plants in…

July home sales drop in Turkey

August 26, 2014 in Real Estate
Foreign investors, however, are eager to buy properties in Turkey thanks to competitive house prices with economical lifestyle costs compared to their…

Turkey sees nearly 14 percent rise in tourists in July

August 26, 2014 in Tourism
Number of foreign visitors to Turkey increases nearly 14 percent in compared with same month of last year. The number of foreign visitors to Turkey increased…

Car leasing attracts new customers in Turkey

Car leasing attracts new customers in TurkeyGrowing awareness of the advantages of car leasing -- renting instead of buying -- is attracting new customers in Turkey.

According to a report by the Turkish Short and Long Term Automotive Rental Association, the number of leased vehicles in Turkey reached 214,000 in the first half of this year, an increase of 16 percent over the same period last year.

But market still has a problem --... Add a comment

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Turkey approves privatization of national lottery

Turkey approves privatization of national lotteryTurkey's Supreme Board of Privatization approved the privatization of the operating rights of the national lottery for up to 10 years to Net Sans-Hitay consortium, according to a statement Friday issued in the official gazette.

Turkey's Net Sans-Hitay consortium won the tender bid on July 15 for the operating rights of the national lottery for up to 10 years.

The license is planned to be... Add a comment

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Turkey's foreign trade deficit shrinks again

Turkey's foreign trade deficit shrinks againOfficial data show that Turkish foreign trade deficit fell for the seventh consecutive month.

Turkey's foreign trade deficit dropped for the seventh month in a row, according to figures released by the Turkish Statistical Institute (TurkStat) on Friday.

July's deficit dropped to $6.46 billion this year from $9.9 billion in the same month last year, shrinking by 34.8 percent, figures in... Add a comment

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Dogus Group approved to issue Turkey's first corporate sukuk

Dogus Group approved to issue Turkey's first corporate sukukTurkish conglomerate Dogus Group has received regulatory approval to raise $370 million by issuing the country's first corporate sukuk, the Capital Markets Board said.

Dogus, which has interests ranging from finance to media, will issue the Islamic bonds through its asset leasing company, Dogus Varlik Kiralama; it gave no time frame for the deal.

So far the only Turkish issuers of sukuk... Add a comment

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42 Turkish companies among top 250 int'l contractors

42 Turkish companies among top 250 int'l contractorsAccording to the Engineering News-Record (ENR) report, 42 Turkish companies are listed among the world's top 250 international contractors. The number of Turkish companies was 38 in last year. 

Nihat Zeybekçi, Minister of Economy, stated that Turkey remains second place in the list after China. 

In the written statement, Zeybekçi evaluated the report of Engineering News Record. Zeybekci... Add a comment

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Turkey's Aselsan increases profit by 100 percent

Turkey's Aselsan increases profit by 100 percentDefense systems company for the Turkish army records order book worth $9.4 billion.

ASELSAN, a leading Turkish defense systems producer, claims to have increased its net profit by 100 percent in the first six months of this year over the same period a year ago, as the company's order book reached $9.4 billion.

According to its activity report of 2014, the company has made 199 million... Add a comment

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Turkey's First Directly Elected President, Erdogan Swarn In

president-erdogan-sworn-inRecep Tayyip Erdogan was sworn in Thursday as Turkey's first popularly elected president, a position that will keep him in the nation's driving seat for at least another five years.

Erdogan was scheduled to appoint Foreign Minister Ahmet Davutoglu — his designated successor as prime minster and loyal ally — to form a new government, following ceremonies at the presidential... Add a comment

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Turkish construction companies hopeful for autumn and winter months

Turkish construction companies hopeful for autumn and winter monthsLeading construction companies, which carry out projects in Ankara (capital of Turkey), are hopeful for next period. Companies’ executives said that branded projects in ‘right location’ will yield big profits in autumn and winter. 

According to the Turkish Statistical Institute’s data, 85 thousand 101 houses were sold in July with a 20.2 percent decrease compared to the same month... Add a comment

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Turkey seeks 'win-win' partnership with Africa: Diplomat

Turkey seeks 'win-win' partnership with Africa: DiplomatTurkey is preparing for the second African Turkey summit, scheduled for November.

Turkey hopes to establish a "win-win" partnership with Africa that would strengthen bilateral economic and diplomatic ties, Turkish Ambassador to Cameroon Omer Faruk Dogan said Wednesday.

"Turkey is keen on using its experience and expertise to support the proposed development of the African continent," Dogan... Add a comment

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Turkey becoming key player in medical tourism

Turkey becoming key player in medical tourismThe nation recorded 162,445 medical tourists by the end of the first half of 2014.

Turkey is emerging as one of the destinations for medical tourism as the country tries to boost tourism revenue and narrow its current account deficit - its main economic weakness.

History fanatics, adrenaline junkies, sunbathers and foodies are all in for a treat when heading for a holiday in Turkey but the... Add a comment

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