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Turkish G20 presidency to focus on structural reforms

Wednesday, November 26, 2014 Stock Markets
Turkey will pay attention to structural reforms when it takes over the G20 presidency on Dec. 1 this year, Deputy Prime Minister Ali Babacan said Tuesday. Addressing the Turkish-Japanese Business Forum in Istanbul that was held to mark the 90th anniversary of the founding of diplomatic relations between the two…

Global attendance at international energy meeting

Wednesday, November 26, 2014 Stock Markets
Ankara has hosted the seventh International Energy Congress and Fair, and The Anadolu Agency was global partner for the conference. Representatives of governments from all over the world attended, including Turkish Energy and Natural Resources Minister Taner Yildiz, Chinese Energy Development Department Head Wang…

Experts: Oil prices likely to fall further

Wednesday, November 26, 2014 Energy
Oil prices are likely to continue to fall after hitting a four-year low last week, driven by slowing global growth and increased supply. Crude oil prices fell to $76.76 a barrel Nov. 14 before stabilizing this week to just shy of $80 per barrel. Prices have been falling since June after hitting the $116 per barrel…

Turkey to build nuclear reactor with China, US company

Wednesday, November 26, 2014 Energy
Turkish and Chinese state-owned companies, and a private U.S.-based company have signed an agreement to build a nuclear power plant in Turkey. Turkey’s state owned electricity generation corporation, Elektrik Uretim A.S., U.S.-based Westinghouse electric company and China’s State Nuclear Power Technology Corporation…

House sales increased in October in Turkey

Tuesday, November 25, 2014 Real Estate
In Turkey, house sales increased by 25.3 percent in October 2014 compared to the same month of the previous year and hence, became 95,645. For the house sales of October 2014, İstanbul had the highest share (18 percent) of house sales with 17,240 sold house. The followers of Istanbul were Ankara with 10,549 (11…

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November 26, 2014

Turkish G20 presidency to focus on structural reforms

Turkey will pay attention to structural reforms when it takes over the G20 presidency on Dec. 1 this year, Deputy Prime Minister Ali Babacan said Tuesday.…
November 26, 2014

Global attendance at international energy meeting

Ankara has hosted the seventh International Energy Congress and Fair, and The Anadolu Agency was global partner for the conference. Representatives of…
November 26, 2014

Experts: Oil prices likely to fall further

Oil prices are likely to continue to fall after hitting a four-year low last week, driven by slowing global growth and increased supply. Crude oil prices fell…
November 26, 2014

Turkey to build nuclear reactor with China, US company

Turkish and Chinese state-owned companies, and a private U.S.-based company have signed an agreement to build a nuclear power plant in Turkey. Turkey’s state…
November 25, 2014

House sales increased in October in Turkey

In Turkey, house sales increased by 25.3 percent in October 2014 compared to the same month of the previous year and hence, became 95,645. For the house sales…

EU to vote on splitting up Google

November 25, 2014 in Enterprise
European Union lawmakers will most likely vote Thursday on a resolution to breakup Google and other large tech companies working in the EU. The group would…

Nuclear power, a vital option of domestic energy supply

November 25, 2014 in Energy
Among developing countries, nuclear power is an important option for domesticenergy strategy, China's State Nuclear Power Technology Corporation's chairman…

Funding for Turkey's energy needs correct bus. model

November 25, 2014 in Energy
The main challenge in energy projects is not the problem of finding required fund, but the case for investment needs to be presented with the correct business…

Turkey: Outlook for construction, retail trade improves

November 25, 2014 in Real Estate
 The outlook for construction and the retail trade has improved in November, according to readings of indexes from the Turkish Institute for Statistics…

Istanbul’s most expensive offices are in Zincirlikuyu-Maslak axis

November 24, 2014 in Real Estate
Growth in the office sector increases the demands for Class A offices in Istanbul. Due to increase of office rents in Zincirlikuyu, Levent and Maslak…

International Energy Congress begins in Ankara

November 24, 2014 in Energy
The seventh International Energy Congress and Fair, which will host discussions on renewable energy, oil and natural gas, regulations and energy finance, began…

Turkish Cyprus demands equal rights to resources

November 24, 2014 in Stock Markets
Both states on the island of Cyprus have equal rights to all natural resources, the energy minister for the Turkish Republic of Northern Cyprus said on Friday.…

Standard & Poor's keeps Turkey's credit rating at BB+

November 24, 2014 in Stock Markets
A major ratings agency on Friday kept Turkey's credit rating at BB+ with a “negative” outlook. The U.S.-based Standard & Poor's "affirmed its unsolicited…

Bank Asya closes 80 branches, cuts staff by 1,708

November 24, 2014 in Enterprise
Turkey’s Asya Katilim Bankasi, also known as Bank Asya, has closed 80 of its branches and cut its workforce by 1,708 people, according to a filing to the…

EU car sales peak to over 11 million units sold in 2014

November 23, 2014 in Automotive
Automobile sales in Europe have risen by six percent in the first ten months of 2014 compared with the same period in 2013, Turkey's Automobile Distributors'…

Tanzania's wasted Tanzanite

November 23, 2014 in Media
Smuggling is denying Tanzania some 80 percent of receipts accrued from Tanzanite – a precious gemstone so far only found in the country from which it derives…

Turkey a guarantor for energy peace in Iraq

November 23, 2014 in Middle East
Turkey is a guarantor for energy peace between Baghdad and Erbil, according to the CEO of an international energy company operating in Iraq. A dispute between…

Turkey FM: Trade with Africa to hit $50 bn in five years

November 23, 2014 in Africa
Turkish Foreign Minister Mevlut Cavusoglu on Friday said that Turkey-Africa trade will hit the mark of $50 billion in a period of five years from 2015. “In the…

China to reduce greenhouse emissions by 2030

November 23, 2014 in Asia
China and the U.S. plan to reduce greenhouse emissions and increase the use of renewable energy by 2030 or earlier, the leaders of the two countries pledged…

Russian and Saudi's global energy body not realistic

November 22, 2014 in Energy
The reports in the Australian press claiming a deal between Saudi Arabia and Russia to build a new "Global Energy Body" during the G-20 Summit are not…

Turkish G20 presidency to focus on structural reforms

Turkish G20 presidency to focus on structural reformsTurkey will pay attention to structural reforms when it takes over the G20 presidency on Dec. 1 this year, Deputy Prime Minister Ali Babacan said Tuesday.

Addressing the Turkish-Japanese Business Forum in Istanbul that was held to mark the 90th anniversary of the founding of diplomatic relations between the two countries, Babacan said, "we care about close cooperation between the business... Add a comment

Read more...

Global attendance at international energy meeting

Global attendance at international energy meetingAnkara has hosted the seventh International Energy Congress and Fair, and The Anadolu Agency was global partner for the conference.

Representatives of governments from all over the world attended, including Turkish Energy and Natural Resources Minister Taner Yildiz, Chinese Energy Development Department Head Wang Binghua, Mozambique’s Deputy Energy Minister Jaime Himede and South Korea... Add a comment

Read more...

Experts: Oil prices likely to fall further

Experts: Oil prices likely to fall furtherOil prices are likely to continue to fall after hitting a four-year low last week, driven by slowing global growth and increased supply.

Crude oil prices fell to $76.76 a barrel Nov. 14 before stabilizing this week to just shy of $80 per barrel. Prices have been falling since June after hitting the $116 per barrel mark.

Robert Baron, a consultant with National Economic Research Associates... Add a comment

Read more...

Turkey to build nuclear reactor with China, US company

Turkey to build nuclear reactor with China, US companyTurkish and Chinese state-owned companies, and a private U.S.-based company have signed an agreement to build a nuclear power plant in Turkey.

Turkey’s state owned electricity generation corporation, Elektrik Uretim A.S., U.S.-based Westinghouse electric company and China’s State Nuclear Power Technology Corporation announced Monday a multi-party agreement to enter exclusive negotiations... Add a comment

Read more...

House sales increased in October in Turkey

House sales increased in October in TurkeyIn Turkey, house sales increased by 25.3 percent in October 2014 compared to the same month of the previous year and hence, became 95,645. 

For the house sales of October 2014, İstanbul had the highest share (18 percent) of house sales with 17,240 sold house. The followers of Istanbul were Ankara with 10,549 (11 percent) house sales and İzmir 5,772 (6 percent) house sales. The least house... Add a comment

Read more...

EU to vote on splitting up Google

EU to vote on splitting up Google 

European Union lawmakers will most likely vote Thursday on a resolution to breakup Google and other large tech companies working in the EU.

The group would have no power to actually enforce such a measure, but it would encourage regulators to take a stronger stance against the companies.

Google has avoided getting caught up in antitrust cases that have been largely aimed at search engines... Add a comment

Read more...

Nuclear power, a vital option of domestic energy supply

Nuclear power, a vital option of domestic energy supplyAmong developing countries,  nuclear power is an important option for domesticenergy strategy, China's State Nuclear Power Technology Corporation's chairman said in Ankara on Monday.

During Chairman WANG Binghua's opening speech at the seventh International Energy Congress and Fair, he said  nuclear power plays an increasingly important role in the world'senergy mix, as more advanced and... Add a comment

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Funding for Turkey's energy needs correct bus. model

Funding for Turkey's energy needs correct bus. modelThe main challenge in energy projects is not the problem of finding required fund, but the case for investment needs to be presented with the correct business model for banks to approve, according to an official from the European Bank of Reconstruction and Development.

The Bank began investing in Turkey in 2009 and currently operates from offices in Istanbul, Ankara and Gaziantep. To date... Add a comment

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Turkey: Outlook for construction, retail trade improves

Turkey: Outlook for construction, retail trade improves The outlook for construction and the retail trade has improved in November, according to readings of indexes from the Turkish Institute for Statistics released on Monday.

The confidence index for construction rose to 82.9 in November from 81.7 in the previous month. This indicates that current overall orders in the construction sector in Turkey are better than seasonal norms.

The... Add a comment

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Istanbul’s most expensive offices are in Zincirlikuyu-Maslak axis

Istanbul’s most expensive offices are in Zincirlikuyu-Maslak axisGrowth in the office sector increases the demands for Class A offices in Istanbul. Due to increase of office rents in Zincirlikuyu, Levent and Maslak districts, new office areas are developed. Kağıthane, Ümraniye, Ataşehir, Kozyatağı, Maltepe, Kartal, Küçükyalı, Kurtköy and Gebze are recently developing as office areas.

Although the real estate news is mostly about the housing... Add a comment

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