Real Estate

Credit rating agency JCR increases Ağaoğlu Group’s investable ratingJapan Credit Rating Agency (JCR) increased the rating of Akdeniz Construction and Education Services that is the subsidiary company of Ağaoğlu Group of Companies as highly investable. 

According to the statement by Ağaoğlu Group of Companies, JCR has increased Akdeniz Construction’s long term national rating to A- (Trk) from BBB+ (Trk), short term national rating to A-1 (Trk) from A-2... Add a comment


Turkey electricity imports from Georgia hit record highTurkey started to import around 275 megawatts of electricity from Georgia through private energy companies.

Turkey's electricity imports from Georgia will hit record highs, according to the energy sector officials.

Turkey started to import around 275 megawatts of electricity (per month) from Georgia through private energy companies as of Tuesday night, the officials said.

Turkey previously... Add a comment


Turkey’s automotive exports increases by 12%Turkey’s automotive exports increased by 12 percent and reached to $9.8 billion in the first 5 months of this year, according to data released by the Turkish Exporters' Assembly.

In the January-May period of this year, automotive industry’s total exports increased by 12 percent to $9.8 billion compared to the previous year. The main industrial exports’ amount was $5.6 billion, it... Add a comment


Cruises are new hope for Turkish tourism sectorTurkey’s shores, especially Istanbul, Kusadasi and Izmir, have been popular among the cruise ships, which have capacity for more than 5 thousand passenger. 2.2 million tourists entered Turkey with cruise ships. 

Turkey’s shores hosted 2.2 million tourists, who came with cruise ships, which each of them has population like an average municipality. Turkey gets 10 percent share of world... Add a comment

Health Care

Turkish eye hospital teams up with Gulf investors Partnered by Gulf investors, the Turkish eye hospital chain, Avrupagöz, is set for strong growth with plans to open new clinics in Turkey and abroad. A 50 percent stake of the hospital chain, which currently has 14 branches throughout Turkey, has been acquired by Saudi-based Nesma Holding and Reaya Holding for TRY 52 million (approx. USD 23.6 million).

“Having acquired new partners... Add a comment


Turkish Deputy PM opens renovated school in BosniaKaragoz-bey's school among many projects of the Turkish Cooperation and Coordination Agency in Bosnia.

Turkish Deputy Prime Minister Emrullah Isler on Friday opened the Karagoz-bey's school in Mostar, Bosnia-Herzegovina, which was renovated by the Turkish Cooperation and Coordination Agency. 

A ceremony to mark the opening was attended by the agency's director Serdar Cam, the grand mufti... Add a comment


Age-old dream comes true in TurkeyThe 13.5 kilometers long Marmaray line which connects to the Istanbul-Ankara high speed train is expected to ease Istanbul's traffic jams. 

Transport, Maritime Affairs and Communications Minister Mr. Yıldırım has said that,Everything is fine.  The inauguration of the Marmaray rail transport project in Turkey's İstanbul will open on October 29. The final preparations for the opening of... Add a comment


Wheat has shattered a historic recordWheat has obtained repulican record by 22 tons. While wheat fell under 7 tons since 1954 by 6 million 969 thousand hectares of wheat cultivation area, rise of productivity in parallel with increase in the use of certified seed has prevented to rising of harvest. Soil Products Office has made purchase 1 million 934 thousan 918 tons. So producers have obtained 1.4 billion TL for this... Add a comment

Telecom & IT

Turkey is a giant market for mobile with 68 million cell phone subscribersAs of the end of March, the number of cell phone subscribers in Turkey reached a whopping 67.9 million, while the number of 3G service subscribers also soared to 43.9 million. Turkey's Information and Communication Technologies Authority (BTK) have released the first quarter figures in an Electronic Communications Sector Market Report. Accordingly, Türk Telekom and mobile operators raked in... Add a comment


CFO Insight picked the CFO of the year from TurkeyAt 5th CFO Summit, in Vienna, Turkish Airlines Deputy Manager, Coskun Kilic gets the award of CFO of the year, by CFO Insight magazine, given since 2008, named as "CFO of the year in rising economies". The future of the finance in rising Europe was handled at 5th CFO Summit in Vienna by CFO Insight. It was also discussed at the summit how the changing role of CFO's will affect the... Add a comment
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