Turkey lucky without natural resources, says StiglitzRenowned economist said energy hungry Turkey was lucky to not have natural resources, as a fair economy requires competition lacking in resource rich states.

Nobel laureate in economics, Joseph Stiglitz said Turkey could be considered lucky in not having an abundance of natural resources, while addressing officials and economists in Istanbul on Monday.

"Turkey perhaps has good fortune of... Add a comment

Real Estate

“Steel construction is an important alternative for urban transformation”Architect Bülent Aydın, General Manager of Steelife, said that steel construction is an important alternative for urban transformation due to its features such as lightness and flexibility.  

In a written statement for the anniversary of Marmara Earthquake, Aydın pointed out the importance of urban transformation and the living in secure buildings in Turkey that is earthquake-prone... Add a comment


Turkey’s tourism income increases to $9 billionTurkey’s tourism income increased by 7.9 percent to $8 billion 975 million 976 thousand in the second quarter of the 2014 compared to the same period of the last year. 84.5 percent of income was obtained from the foreign visitors. 

Turkish Statistical Institute (TurkStat) released the Tourism Statistics for the second quarter of the year. According to that, In the second quarter; which is... Add a comment


Turkey's Karsan to sign $84 million China dealThe Turkish vehicle manufacturer hopes to open a factory in China within months.

Turkish motor manufacturer Karsan will jointly invest 62 million euros ($84 million) in a factory in China to produce the company's J10 minibus.

In a statement from Karsan on Monday to the Borsa Istanbul stock exchange, the firm said it will sign a deal with Chinese firm Wuhan Zhong that will see production of... Add a comment

Health Care

Researchers uncover genetic disorder's ottoman tiesWhile the research does not uncover a cure for the disorder, it now allows doctors to diagnosis it before a child is born.

A team of international researchers has discovered a previously unknown neurological disorder affecting children that has its origins to a mutation in an individual born 400 years ago in the Ottoman Empire.

Researchers from Yale University, led by Dr. Murat Gunel, and... 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


Turkish Red Crescent delivered aids in 11 countries during 2013Turkish Red Crescent delivered aids in 11 countries during 2013, Turkish Red Crescent’s Director General Ahmet Lutfi Akar said, noting that it already became one of the most powerful relief organizations in the world.

Turkish Red Crescent has delivered aids for war stricken Syria, typhoon stricken Philippines, starve stricken Somalia, Bangladesh, Myanmar, Pakistan, Montenegro, Palestine... Add a comment


Agriculture and food exports of Turkey increased by 5,3%Chairman of Turkey Union of Chambers of Agriculture Şemsi Bayraktar said that while agricultural and food exports in October increased by 5,3% compared to previous year same period, imports decreased by 8%.

He added: the exports of agriculture and food in last 10 months increased by 10,1% compared previous year same period. Also imports increased by 3,5%. The most export was performed by... 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


Turkey is ranked 4th in branding list of the worldAccording to the data announced by World Intellectual Property Organization (WIPO), Turkey has been one of the 5 countries that practiced the highest growth rate in branding, industrial design, and utility model registration. On the other side, in patent applications that quality inventions are taken under protection, it could not get ranked.

The World Intellectual Property Indicators... Add a comment
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