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Turkish foreign trade deficit drops 32 percent in April

Friday, May 29, 2015 Finance
Deficit falls to $4.96 billion from $7.3 billion for the same month in the previous year. Turkey's foreign trade deficit decreased sharply in April, the Turkish Statistical Institute said in a report released on Friday. In April, the deficit decreased to $4.96 billion, down 31.9 percent from $7.3 billion for the same…

Turkey wants engagement in US-EU FTA, deputy PM says

Friday, May 29, 2015 Finance
Differences remain between sides, Kurtulmus says, adding Ankara will not accept 'faits accomplis' over customs union with EU. Turkey's Deputy Prime Minister Numan Kurtulmus said Thursday there are still issues to be resolved with the free trade agreement between the U.S. and the EU, speaking at a panel on the possible…

Investment agency chief expects significant rise in FDI inflow to Turkey after elections

Thursday, May 28, 2015 Finance
A significant increase in the FDI inflow to Turkey is expected in the second half of the year, following an 18-month election period, said head of World Association of Investment Promotion Agencies (WAIPA), İlker Aycı. The energy sector is expected to get the lion’s share in luring investments, he added. “A long…

ECB: Eurozone robust despite debt crises

Thursday, May 28, 2015 Europe
European Central Bank report says low level of financial system stress in euro area reflects improving real economic outlook. Despite ongoing crises in Greece and other periphery EU economies, the eurozone remains relatively stable, according to a new report. The low overall level of financial system stress in the…

IBM: Turkish companies move into the Cloud

Thursday, May 28, 2015 Enterprise
Onur Bucukoglu, IBM Enterprise Sales Unit Manager, explains the evolution of IT spend at Turkish companies. Turkish companies are “reluctantly” moving into the Cloud, Onur Bucukoglu, IBM Enterprise Sales Unit Manager in Ankara told Anadolu Agency in an interview. “A great many Turkish companies are still operating in…

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May 29, 2015

Turkish foreign trade deficit drops 32 percent in April

Deficit falls to $4.96 billion from $7.3 billion for the same month in the previous year. Turkey's foreign trade deficit decreased sharply in April, the…
May 29, 2015

Turkey wants engagement in US-EU FTA, deputy PM says

Differences remain between sides, Kurtulmus says, adding Ankara will not accept 'faits accomplis' over customs union with EU. Turkey's Deputy Prime Minister…
May 28, 2015

Investment agency chief expects significant rise in FDI inflow to Turkey after elections

A significant increase in the FDI inflow to Turkey is expected in the second half of the year, following an 18-month election period, said head of World…
May 28, 2015

ECB: Eurozone robust despite debt crises

European Central Bank report says low level of financial system stress in euro area reflects improving real economic outlook. Despite ongoing crises in Greece…
May 28, 2015

IBM: Turkish companies move into the Cloud

Onur Bucukoglu, IBM Enterprise Sales Unit Manager, explains the evolution of IT spend at Turkish companies. Turkish companies are “reluctantly” moving into the…

Flexibility key to global electricity operations: expert

May 28, 2015 in Automotive
Changes are needed in the energy industry with the help of flexibilty systems in electricity networks, Australian Energy Market Operator expert says.…

Mediterranean energy demand 'to rise by 50 pct'

May 27, 2015 in Energy
Istanbul energy forum hears that a diverse range of southern Mediterranean states will turn to a mix of gas, coal and nuclear. Energy consumption in the…

Turkey, 10th most attractive FDI destination in Europe

May 27, 2015 in Finance
Turkey has enormous market potential, skilled workforces, and improving business conditions, Ernst & Young says. Turkey has become the tenth most attractive…

Indonesia, Turkey, IDB to form sharia infrastructure megabank

May 27, 2015 in Finance
Indonesia is prepared to contribute at least $300 million to a new Islamic infrastructure bank that the Southeast Asian nation will co-found with Turkey and a…

Istanbul forum hears about energy regulation

May 27, 2015 in Energy
Electricity grids should be modernized to support renewables, industry regulators say. One of Europe’s leading figures in energy regulation on Tuesday called…

Turkish banks have eyes on Chinese banking market: Minister

May 26, 2015 in Finance
Turkish Deputy Prime Minister Ali Babacan has said there are Turkish banks interested in operations in China, after a Chinese bank acquired a majority share in…

Smart tech ensures consumers active in electricity grids

May 26, 2015 in Energy
Technological developments leads way for consumers to interact with electricity grids, says WEC Chair. Electricity consumers are becoming more demanding for…

Turkey: Home sales jump on cheaper loans

May 26, 2015 in Real Estate
Foreign buyers account for every 1.5 transactions in 100 sales; importance of sales to foreigners growing. Sales of new homes in April hit the fastest pace in…

Russia approves Vietnam-Eurasian Union trade deal

May 26, 2015 in Europe
The deal aims at boosting commerce between the economic bloc and Asia. Russia approved a draft free trade zone agreement between the Eurasian Economic Union…

China’s bank completes takeover of Tekstilbank

May 22, 2015 in Enterprise
The Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank, has completed a takeover of some 75.5 percent of the stakes in Turkey’s…

Turkey's defense industry exports value up slighly in 2015

May 22, 2015 in Finance
Turkish defense industry exports increased by 1.4 percent in January-April period, national association of exporters says. Turkey's defense exports for the…

Overseas investors eyeing Turkish property market

May 22, 2015 in Real Estate
Leading investors from across the globe are keen to invest in the real estate properties in Turkey, thanks to its expanding infrastructure, new ground-breaking…

Islamic financial products risk losing uniqueness: Poll

May 21, 2015 in Finance
Islamic finance continues to expand globally but the industry risks losing its differentiation from conventional financial products and lacks official data to…

Turkey to open first satellite test center

May 21, 2015 in High Tech
Project marks Turkey's expansion into international space industry. Turkey is to open its first satellite assembly and test center on Thursday, according to a…

Turkey: Consumer confidence falls on concerns over income

May 21, 2015 in Finance
Probability of savings index plunges by 11.6 percent in May. Consumers were less confident about their economic future in May, according to a report from the…

Turkish foreign trade deficit drops 32 percent in April

Turkish foreign trade deficit drops 32 percent in AprilDeficit falls to $4.96 billion from $7.3 billion for the same month in the previous year.

Turkey's foreign trade deficit decreased sharply in April, the Turkish Statistical Institute said in a report released on Friday.

In April, the deficit decreased to $4.96 billion, down 31.9 percent from $7.3 billion for the same month last year, the report said.

The decline followed an increase of... Add a comment

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Turkey wants engagement in US-EU FTA, deputy PM says

Turkey wants engagement in US-EU FTA, deputy PM saysDifferences remain between sides, Kurtulmus says, adding Ankara will not accept 'faits accomplis' over customs union with EU.

Turkey's Deputy Prime Minister Numan Kurtulmus said Thursday there are still issues to be resolved with the free trade agreement between the U.S. and the EU, speaking at a panel on the possible impacts of the agreement on Turkish economy in Istanbul.

Turkey demands... Add a comment

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Investment agency chief expects significant rise in FDI inflow to Turkey after elections

Investment agency chief expects significant rise in FDI inflow to Turkey after electionsA significant increase in the FDI inflow to Turkey is expected in the second half of the year, following an 18-month election period, said head of World Association of Investment Promotion Agencies (WAIPA), İlker Aycı.

The energy sector is expected to get the lion’s share in luring investments, he added.

“A long election cycle will finally end in Turkey. There will not any elections... Add a comment

Read more...

ECB: Eurozone robust despite debt crises

ECB: Eurozone robust despite debt crisesEuropean Central Bank report says low level of financial system stress in euro area reflects improving real economic outlook.

Despite ongoing crises in Greece and other periphery EU economies, the eurozone remains relatively stable, according to a new report.

The low overall level of financial system stress in the euro area reflects an improving real economic outlook, the European Central... Add a comment

Read more...

IBM: Turkish companies move into the Cloud

IBM: Turkish companies move into the CloudOnur Bucukoglu, IBM Enterprise Sales Unit Manager, explains the evolution of IT spend at Turkish companies.

Turkish companies are “reluctantly” moving into the Cloud, Onur Bucukoglu, IBM Enterprise Sales Unit Manager in Ankara told Anadolu Agency in an interview.

“A great many Turkish companies are still operating in the traditional way, depending on in-house hardware rather than... Add a comment

Read more...

Flexibility key to global electricity operations: expert

Flexibility key to global electricity operations: expertChanges are needed in the energy industry with the help of flexibilty systems in electricity networks, Australian Energy Market Operator expert says.

Electricity grid operations across the world are facing challenges of operation and investing in energy industry requires flexibility, a senior official of the Australian Energy Market Operator said Wednesday.

Addressing the ongoing World... Add a comment

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Mediterranean energy demand 'to rise by 50 pct'

Mediterranean energy demand 'to rise by 50 pct'Istanbul energy forum hears that a diverse range of southern Mediterranean states will turn to a mix of gas, coal and nuclear.

Energy consumption in the Mediterranean region will increase by 50 percent by 2040 as population and economic growth drives demand.

This was the claim made on Wednesday by Sohbet Karbuz, director of hydrocarbons at the Paris-based Mediterranean Energy... Add a comment

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Turkey, 10th most attractive FDI destination in Europe

Turkey, 10th most attractive FDI destination in EuropeTurkey has enormous market potential, skilled workforces, and improving business conditions, Ernst & Young says.

Turkey has become the tenth most attractive foreign direct investment (FDI) destination in Europe in 2014, global consultancy firm Ernst & Young said in a report released on Wednesday.

"Turkey has developed into a manufacturing hot spot, particularly for the automotive sector. It... Add a comment

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Indonesia, Turkey, IDB to form sharia infrastructure megabank

Indonesia, Turkey, IDB to form sharia infrastructure megabankIndonesia is prepared to contribute at least $300 million to a new Islamic infrastructure bank that the Southeast Asian nation will co-found with Turkey and a Saudi-based multilateral lender, the country's finance minister said on Tuesday.

The idea for the proposed bank comes as Asian nations seek to boost cross-border lending for infrastructure, with China taking the lead with its Asian... Add a comment

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Istanbul forum hears about energy regulation

Istanbul forum hears about energy regulationElectricity grids should be modernized to support renewables, industry regulators say.

One of Europe’s leading figures in energy regulation on Tuesday called for distribution systems to be updated to accommodate renewable energy.

“Electricity is vital for all countries, considering the global perspective, distribution systems should be modernized for the renewable electricity... Add a comment

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