Sectors

Energy

Turkey, Japan sign $1.7 billion gas-to-liquids project with TurkmenistanTurkmenistan, 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 gas-to-liquids plant as part of its strategy to maximize revenues from its gas riches.

The signing ceremony was overseen by autocratic Turkmen President Gurbanguly Berdymukhamedov, who enjoys sweeping powers in his Central Asian nation... Add a comment

Real Estate

July home sales drop in TurkeyForeign investors, however, are eager to buy properties in Turkey thanks to competitive house prices with economical lifestyle costs compared to their countries

Property sales in Turkey fell by 20.2 percent on an annual basis during the month of July, mainly due to summer holidays along with the holy month of Ramadan and the presidential election.

According to House Sale Statistics released... Add a comment

Tourism

Turkey to attract more tourists from BRICSTurkey, visited by nearly 40 million foreign visitors annually, will try to attract more tourists from new markets such as Brazil, Russia, India, China and South Africa. 

The Director General for Promotion at the Ministry of Culture and Tourism, İrfan Önal said they would go abroad to promote Turkey in BRICS countries that have huge populations.

"Through the end of August, we will meet... Add a comment

Automotive

Hyundai to manufacture the revamped i20 in Turkey The new version of Hyundai’s high-on-demand supermini, the 2014 i20, will soon roll out of the company’s plant in Turkey. To be showcased at Paris Motor Show in October, South Korean company’s new and significantly larger B-segment vehicle will only be built in Turkey, alongside its smaller sibling, the i10.

A hot seller in Europe, the i20 model entered production in the Hyundai Assan... Add a comment

Agriculture

Turkey Will Export More Foodstuffs To RussiaRussian agricultural officials are in Ankara discussing widening export licences to Turkish companies to export more of their food products to Russia.

Turkey looks set to benefit from Russian sanctions targeting EU and U.S. products, as Russia looks for an alternative supplier of foodstuffs, especially fruit and vegetables, according to Turkey's Agriculture Ministry.

On Wednesday, Russia... Add a comment

Transportation

Lufthansa ‘excited’ for 3rd Istanbul airportLufthansa Airlines are excited by the possibility using Istanbul’s third airport once constructed, a regional Lufthansa director in charge of Turkish business affairs has said.

The Turkey, Iran and Iraq Director Stefan Löcherbach said that the German airliner expects the new Istanbul new airport to become a flight hub in the region by providing the necessary service to meet the growing... Add a comment

Health Care

Strong growth prospects drawing pharma giants to Turkey Presenting huge investment potential with its large population, skilled labor force and an advantageous geographic location, Turkey ranks high on the list of global pharmaceutical companies looking for new growth markets.

Currently the 6th largest in Europe and 16th globally, the Turkish pharmaceutical sector is forecast to hit a volume of USD 23 billion by 2023, up from today’s USD 8... Add a comment

Telecom & IT

Information technologies sector to grow 12 percent in 2015Tayfun Acarer calls for industry infrastructure to match growth of data in Turkey at Istanbul awards ceremony.

The head of Turkey's information and telecommunications body, Tayfun Acarer, has urged companies to invest more in infrastructure as the Turkish communication market grows rapidly.

In a speech at the Information Technology 500 awards ceremony in Istanbul on Wednesday, Acarer said... Add a comment

Media

Turkish dramas play key role in 'soft power' says ministerIstanbul Television Forum hears how Turkish TV exports provide 'a voice in the world'.

Turkey's exports of home-grown television dramas plays a key role in wielding soft power in across the region, a Turkish culture minister has claimed.

By creating a lasting influence on Turkey's image in the region, wildly popular dramas are among the country's most well-known economic and cultural... Add a comment

Education

Turkey to become worldwide brand in educationTurkey launches "Study in Turkey" project to attract more international students.



Turkey is aiming to be a worldwide brand in international education with its new project "Study in Turkey", Turkey's higher education chief said at an international education conference on Friday.

Gokhan Cetinsaya, the head of the Higher Education Council told that Turkey is making huge efforts in the... Add a comment
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