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Turkish electric car travels 2500km, costs 37 liras to run

Tuesday, September 23, 2014 Innovation
A Turkish-made electric car has travelled 2,500 kilometers (about 1553 miles) to six cities and cost only 37.5 Turkish liras (about $17) since September 15. The 'T-1,' developed by academics and students from Istanbul University, is capable of travelling 500 kilometers on only four hours' charge. It was driven through…

Ağaoğlu sold 326 apartments in one day in Dubai Cityscape

Tuesday, September 23, 2014 Real Estate
Ali Ağaoğlu, Chairman of Ağaoğlu Group, one of the leading construction companies in Turkey, said that they sold 326 apartments in the first day of Cityscape Global 2014, which is being held in Dubai. Telling that there is a significant demand from Gulf to Turkey, Ali Ağaoğlu stated, “A fund from United Arab Emirates…

Fdi in Turkey reaches $8 billion in first seven months

Tuesday, September 23, 2014 Money
Turkey's manufacturing sector becomes largest recipient of international capital. Foreign direct investments in Turkey reached $7.9 billion in the first seven months of 2014, the country's Economy Ministry has disclosed. The figures showed a 9.4 percent increase from the $7.23 billion invested in the same period last…

Turkish firm Tekfen wins $2bn Caspian contract

Monday, September 22, 2014 Stock Markets
Turkey is second largest shareholder after BP in South Caucasus Pipeline project, Turkish energy minister says. Turkish oil construction company Tekfen has won a $2 billion contract to build two oil platforms in the Caspian Sea, Turkey's energy minister has announced. Taner Yildiz said on Monday that the project had…

High gap between Turkey's poor and rich eases slightly

Monday, September 22, 2014 Money
Turkey's statistical authority says richest 20 percent of Turkish earned 7.7 times extra than the poorest 20 percent last year The richest 20 percent of Turkish citizens earned 46.6 percent of the country's total income last year, while the lowest 20 percent earned only 6.1 percent, Turkey's statistical authority has…

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September 23, 2014

Turkish electric car travels 2500km, costs 37 liras to run

A Turkish-made electric car has travelled 2,500 kilometers (about 1553 miles) to six cities and cost only 37.5 Turkish liras (about $17) since September 15.…
September 23, 2014

Ağaoğlu sold 326 apartments in one day in Dubai Cityscape

Ali Ağaoğlu, Chairman of Ağaoğlu Group, one of the leading construction companies in Turkey, said that they sold 326 apartments in the first day of Cityscape…
September 23, 2014

Fdi in Turkey reaches $8 billion in first seven months

Turkey's manufacturing sector becomes largest recipient of international capital. Foreign direct investments in Turkey reached $7.9 billion in the first seven…
September 22, 2014

Turkish firm Tekfen wins $2bn Caspian contract

Turkey is second largest shareholder after BP in South Caucasus Pipeline project, Turkish energy minister says. Turkish oil construction company Tekfen has won…
September 22, 2014

High gap between Turkey's poor and rich eases slightly

Turkey's statistical authority says richest 20 percent of Turkish earned 7.7 times extra than the poorest 20 percent last year The richest 20 percent of…

Development banks give over $10 bln. to energy projects

September 22, 2014 in Energy
More than $10 billion financing was provided to energy projects worldwide in 2013 by six development banks, report says. Six multilateral development banks…

Turkey signals tax reduction for house sales

September 22, 2014 in Real Estate
The biggest real estate fair of Middle East Dubai Cityscape opened its doors to visitors yesterday. Speaking at the fair, spokesperson of Planning and Budget…

Revolutionary electric car hits Turkey's roads

September 22, 2014 in Innovation
Promising 500km on just four hours' charge, the 'T-1', designed and produced by staff and pupils at Istanbul University arrives in eastern city of Erzurum…

Centuries-old cistern contributes to excavation

September 21, 2014 in Culture & Art
Excavation and restoration works in Van’s Hoşap Castle have unearthed a 400-year-old cistern in a castle that has already attracted attention from tourists.…

Mount Nemrut promoted with phone apps

September 21, 2014 in Places of Interest
Mount Nemrut, a world-heritage site in Turkey's southeastern province of Adıyaman, will now be promoted in the virtual environment with new Android…

Lake Bafa, haven for animal and plant observers

September 21, 2014 in Culture & Art
The Lake Bafa Natural Park draws nature enthusiasts with its observation terraces that have been built for visitors to observe the species of birds and plants…

‘Ottoman shopping malls’ revealed in Van excavations

September 21, 2014 in Culture & Art
Excavations in Van’s old city have uncovered the commercial life of the Seljuk and Ottoman eras Ongoing excavations in the old city of Van have shed light on…

Ancient theater to host culture events

September 20, 2014 in Culture & Art
The ancient city theater in Magarsus in Adana’s Karataş district, where excavations have been ongoing since last year, will again host culture and arts events…

Poll: Just 57% of Turks see trade as ‘very good’ or ‘somewhat good’

September 20, 2014 in Stock Markets
Eight in ten people worldwide see benefits in growing trade but only around half believe it creates jobs and raises wages, with big pockets of scepticism in…

Turkish medical group becomes Serbian basketball sponsor

September 20, 2014 in Media
Acibadem Hospitals Group becomes the sponsor of Serbian basketball giants Partizan and Red Star Belgrade. Turkey's Acibadem Hospitals Group has announced it…

Turkey 'the only route for Israeli gas': experts

September 20, 2014 in Energy
Analysts said that contrary to declarations by Israeli officials, Turkey remains the only viable transit state for the Middle Eastern country's natural gas…

Galatasaray sign Huawei kit sponsorship deal

September 20, 2014 in Media
Yellow-Reds" sign sponsorship deal for Turkish top division and domestic cup matches with Huawei - Chinese telecom network company Turkish club Galatasaray…

India and China sign historic economic deal

September 19, 2014 in Asia
'This opens a new chapter in our economic relations,' Indian Prime Minister Narendra Modi said. Asia's two giants have signed a dozen treaties on economic…

Turkey working to produce electricity from pistachios

September 19, 2014 in Energy
From nuts to watts: Scientists work to produce electricity from biogas gathered from pistachios. Turkey plans to produce power from pistachios. And it…

Russia ready for oil sanctions, say observers

September 19, 2014 in Energy
Western sanctions on Russia are not expected to affect the country's oil prices, production or exports in the short-term; industry observers are now warning…

Turkish electric car travels 2500km, costs 37 liras to run

Turkish electric car travels 2500km, costs 37 liras to runA Turkish-made electric car has travelled 2,500 kilometers (about 1553 miles) to six cities and cost only 37.5 Turkish liras (about $17) since September 15.

The 'T-1,' developed by academics and students from Istanbul University, is capable of travelling 500 kilometers on only four hours' charge. It was driven through the central Anatolian town of Kayseri's main thoroughfare in front of... Add a comment

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Ağaoğlu sold 326 apartments in one day in Dubai Cityscape

Ağaoğlu sold 326 apartments in one day in Dubai CityscapeAli Ağaoğlu, Chairman of Ağaoğlu Group, one of the leading construction companies in Turkey, said that they sold 326 apartments in the first day of Cityscape Global 2014, which is being held in Dubai. 

Telling that there is a significant demand from Gulf to Turkey, Ali Ağaoğlu stated, “A fund from United Arab Emirates (UAE) and Saudi Arabia, bought $115 mln worth 254 apartments from... Add a comment

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Fdi in Turkey reaches $8 billion in first seven months

Fdi in Turkey reaches $8 billion in first seven monthsTurkey's manufacturing sector becomes largest recipient of international capital.

Foreign direct investments in Turkey reached $7.9 billion in the first seven months of 2014, the country's Economy Ministry has disclosed.

The figures showed a 9.4 percent increase from the $7.23 billion invested in the same period last year, according to data released on Monday.

The manufacturing sector... Add a comment

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Turkish firm Tekfen wins $2bn Caspian contract

Turkish firm Tekfen wins $2bn Caspian contractTurkey is second largest shareholder after BP in South Caucasus Pipeline project, Turkish energy minister says.

Turkish oil construction company Tekfen has won a $2 billion contract to build two oil platforms in the Caspian Sea, Turkey's energy minister has announced.

Taner Yildiz said on Monday that the project had been awarded to Tekfen by the Azerbaijani government.

Yildiz said during a... Add a comment

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High gap between Turkey's poor and rich eases slightly

High gap between Turkey's poor and rich eases slightlyTurkey's statistical authority says richest 20 percent of Turkish earned 7.7 times extra than the poorest 20 percent last year

The richest 20 percent of Turkish citizens earned 46.6 percent of the country's total income last year, while the lowest 20 percent earned only 6.1 percent, Turkey's statistical authority has reported.

Turkstat reported on Monday that the figures were a slight... Add a comment

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Development banks give over $10 bln. to energy projects

Development banks give over $10 bln. to energy projectsMore than $10 billion financing was provided to energy projects worldwide in 2013 by six development banks, report says.

Six multilateral development banks have agreed on financing over $10 billion out of a total of $24 billion to energy projects in 2013 to curb effects of climate change in developing and emerging economies, according to a report released by the multilateral institutions... Add a comment

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Turkey signals tax reduction for house sales

Turkey signals tax reduction for house salesThe biggest real estate fair of Middle East Dubai Cityscape opened its doors to visitors yesterday. Speaking at the fair, spokesperson of Planning and Budget Commission of the Grand National Assembly of Turkey (GNAT), Vedat Demiröz said that some regulations should be made to pave the way of construction sector, which is the leading sector of economy.  

Vedat Demiröz highlighted that... Add a comment

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Revolutionary electric car hits Turkey's roads

Revolutionary electric car hits Turkey's roadsPromising 500km on just four hours' charge, the 'T-1', designed and produced by staff and pupils at Istanbul University arrives in eastern city of Erzurum during nationwide tour.

A Turkish-made electric car capable of travelling 500 kilometers on only four hours’ charge went on display in the eastern city of Erzurum today as part of a nationwide tour.

Developed by teachers and students... Add a comment

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India and China sign historic economic deal

India and China sign historic economic deal'This opens a new chapter in our economic relations,' Indian Prime Minister Narendra Modi said.

Asia's two giants have signed a dozen treaties on economic development as Chinese President Xi Jinping concluded his three-day visit to India.

China is to invest $20 billion in India over the next five years and has agreed to open two industrial parks in the western states of Gujarat and... Add a comment

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Centuries-old cistern contributes to excavation

Centuries-old cistern contributes to excavationExcavation and restoration works in Van’s Hoşap Castle have unearthed a 400-year-old cistern in a castle that has already attracted attention from tourists. 

Mehmet Top, the head of the excavation team and a professor at Van Yüzüncü Yıl University, said the cistern could be reached through stairs in the castle.

He said this year’s works focused on the seraglio and the view terrace... Add a comment

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