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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…

IMF Representative: Turkey’s time for another leap forward

Thursday, October 23, 2014 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 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…

LNG to be alternative to oil for European roads

Thursday, October 23, 2014 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 gas expert. "The feasibility of LNG as fuel for transportation has been proven, technically it is possible, while commercially the possibilities assessed are…

Turkey’s assets abroad have increased this year

Thursday, October 23, 2014 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 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…

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

Thursday, October 23, 2014 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 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…

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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,…
October 23, 2014

IMF Representative: Turkey’s time for another leap forward

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

LNG to be alternative to oil for European roads

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…
October 23, 2014

Turkey’s assets abroad have increased this year

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…
October 23, 2014

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…

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…

Twitter releases new music experience

October 20, 2014 in Internet
Twitter announced late Thursday that it will allows users to stream audio embedded in tweets. The favorite social media outlet for musicians and other…

Turkish Airlines to maintain Africa destinations

October 20, 2014 in Enterprise
Turkish Airlines will not reduce any of its flights to Africa because of the worldwide Ebola virus threat, President of Turkish Airlines Temel Kotil said…

Turkey would benefit from falling oil prices

October 20, 2014 in Energy
 Falling oil prices will have a positive impact on energy importer countries like Turkey since it reduces the cost of energy, a BP offical said on Friday.…

Turkish jewelry export target of $12bn 'feasible': Popov

October 20, 2014 in Stock Markets
Turkey could become one of the world’s main jewelry trading centers in the mid-term future, according to the vice president of the Federation of World Diamond…

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

Read more...

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

Read more...

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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Apple could turn iPhones into remote controls for cars

Apple could turn iPhones into remote controls for carsOnly 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 September, the technology company launched Apple Pay which enables clients to pay for items just by holding the iPhone near contactless readers with your finger on the Touch ID. Clients started making payments on Oct. 20.

Turning the... Add a comment

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Turkey plans to build third nuclear power plant

Turkey plans to build third nuclear power plant"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 Minister Ahmet Davutoglu said on Tuesday. 

Davutoglu was briefed on the recent studies of the Ministry of Energy and Natural Resources. The three-hour presentation was closed to the press. 

He said after the meeting that the third... Add a comment

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Afghanistan's opium production hits all-time high

Afghanistan's opium production hits all-time highA report released on Tuesday by the Special Inspector General for Afghanistan Reconstruction, known by its acronym SIGAR, states that Afghanistan had its all-time highest poppy harvest in 2013 despite the United States spending $7.6 billion to prevent poppy production.

According to data from the United Nations cited in the report, 209,000 hectares were used for cultivation in 2013 compared... Add a comment

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Income from Turkish special consumption tax to rise

Income from Turkish special consumption tax to riseThe Turkish government seeks to raise more income from its tax on luxury goods, cars, alcoholic beverages, and other specialty items.

The Turkish government aims to raise 94.4 billion Turkish liras ($42 billion) from the special consumption tax in 2015, compared with 65.3 billion liras ($29.2 billion) collected in the first nine months of this year, according to the government budget... Add a comment

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