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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

Energy

Turkey continues to support new hydroelectric plantsHundreds of hydropower plants being built in push to make Turkey a world economic power.

Turkey will continue to support the construction of hydroelectric power plants also taking into account environmental issues, according to the Turkish minister of environment and forestry. 

The minister, Veysel Eroglu, and Akif Ozkaldi, the director general of state hydraulic works, spoke on Tuesday... Add a comment

Automotive

Automobile market shrinks in Turkey 

A drop of 27 percent during January May 2014 comes after the Central Bank sharply increased interest rates.

 

The combined sales of car and light commercial vehicles in Turkey declined 26.31 percent in the first five months of the year compared to the same period last year, the Automotive Distributors Association reported on Wednesday.

Sales declined from 307,647 during the January-May... Add a comment

Tourism

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

Turkey among top 10 medical tourism destinations High quality treatment options offered by Turkish medical facilities at reasonable prices continue to attract hundreds of thousands of foreign healthcare seekers. The rapid growth observed in Turkey’s medical tourism in recent years has placed the country among the top 10 healthcare destinations globally, according to advisory firm Deloitte’s 2014 Global Life Sciences Outlook.

Assessing... Add a comment

Education

Gross domestic R & D expenditure of Turkey reached 13 billion 62 million TLTurkish Statistical Institute has announced that, Gross domestic R & D expenditure of Turkey reached 13 billion 62 million TL by rising 17,1% compared to previous year.

According to survey results that are made on the basis of transcripts government agencies, universities, private universities and commercial sector, and the state budget and staff, Gross domestic R & D expenditure of Turkey... Add a comment

Transportation

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

Agriculture

findik-ihracati-rekorBlack Sea Hazelnut and Products Exporters' Association Chairman Oğuz Gürsoy said that, there was 301 thousand 193 tons hazelnut export from September 1 of 2012 until August 31 of 2013. So 2012-2013 hazelnut export season has completed.

He added: 301 thousand 193 tons of hazelnut exports figures are record in history of the republic of Turkey. 229 thousand 628 tons of hazelnuts had been... Add a comment

Telecom & IT

Turkcell starts 2013 fastTurkcell that grew 13% in the first quarter aims to invest 1.7 billion Liras in 2013. During the first quarter of the year, Turkcell had put its tablet branded Turkcell and announced to produce domestic cell phone; and it carried the double-digit growth potential in 2012 to the first quarter of the year as well. Consolidated revenue of Turkcell increased 13% annually and reached 2.7 billion... Add a comment

Media

Turkish TV Series Draw Visitors to Turkey from Arab countriesWaheed Samy, the general manager of the Egypt-based Memphis Tours, said that the number of tourists his company sends to Turkey has been growing every day. Samy, who was attending a tourism meeting organized by East Marmara Development Agency at Sakarya, said that Turkey has vast tourism potential. “Turkey is a country that is favored not only by Egypt, but by all Arab countries. Arab... Add a comment
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