Sectors

Automotive

2 new models from Tofas to be released in TurkeyTofas aims to take its occupancy rate, which regressed to 60% due to crisis, to 100% by its two new sedan models. Tofas CEO, KamilBasaran stated that the two new vehicles are aimed to be released by the end of 2015, whose feasibility studies have been continuing at the moment, and in 2013, Tofas is going to produce 225 thousand vehicles, now that it has an installed capacity of 400... Add a comment

Agriculture

Export opens up for olives of TurkeyThe “ethnic market” restricted export of Marmara Olive and Agriculture Selling Cooperatives Association (Marmarabirlik), which spread to 40 countries in export, aims around 25-30 million dollars of export along with the fact that the ratio of salt was downsized to 2.5% from 15% for the past 3 years, by the Association.

Marmarabirlik Chairman of the Board, Hidamet Asa stated that they... Add a comment

Tourism

3.1 billion Liras of incentives in tourism in TurkeyIn the industry of tourism, for over 50 thousand new beds, 3.1 billion Liras of investment incentive certificates were obtained during January-October period. According to the data that the Association of the Mediterranean Tourism collected from R&D department, in the industry of tourism in Turkey, 3.1 billion Liras of investment incentive certificates were obtained for over 50... Add a comment

Real Estate

Ministry of Finance archives estate notices on InternetThe Ministry of Finance Mehmet Simsek has expressed that they are collecting all the notices of real estate on the Internet for comparison. Simsek pointed out that they are collecting all the data that includes the prices of renting and selling on the Internet in order to create a data base. The Minister also stated that they are now collecting all the data on the Internet to compare... Add a comment

Telecom & IT

Turkey surpasses Europe in mobilesTurkey has surpassed Europe in the usage of mobile phones. The Minister of Transport and Communication of Turkey, Binali Yildirim has expressed that Turkey has been transformed from the level of Africa to beyond Europe in informatics.  The Minister of Transport and Communication of Turkey, Binali Yildirim has stated that Turkey has come to be the leader in Europe in mobile talk... Add a comment

Health Care

Turkey to become R&D base of Zentiva for generic drugsCzech Republic-headquartered Zentiva, the generics arm of French drug major Sanofi (Euronext: SAN), has picked Turkey as the location to develop, produce and export generic drugs to the world, according to Invest in Turkey. Czech generic drugs company Zentiva has announced its plans to shift the majority of its production to its plant in Turkey in a bid to make the country an export base for... Add a comment

Media

Goldman Sachs is authorized for the sale of ATV and SabahThe investment bank Goldman Sachs is authorized for the sale of ATV television and Sabah newspaper owned by Turquoise Media Group of Çalık Holding. According to the information given to Reuters by the sources close to the subject, the first proposals for ATV and Sabah newspaper will be taken until 18 January. The source for the news, stating in private equity investment funds, Texas Pacific... Add a comment

Energy

Turkish Petroleum continues search of oil in MediterraneanThe search licenses of Turkish Petroleum Corporation in the Mediterranean except Turkish territorial waters have been prolonged 3 years. According to the decisions published on Official Gazette of Turkey, Turkish Petroleum Corporation has applied for the prolonging of the search license that it has outside of Turkish territorial waters for 3 more years. 

According to Petroleum Law and... Add a comment

Transportation

THY passenger number increases to 3.2 millions 



The number of flight points in Turkish Airlines (THY) increased to 218 in 2013. The total passenger number of 2.6 million of THY in January, 2012 reached 3.2 million by 23% increase during the same period of 2013.

According to the Traffic Data of January, 2013 of THY, the total passenger number of 2.6 million in January, 2012 reached 3.2 million by 23% increase during the same period... Add a comment

Automotive

Automotive grows 20% in JanuaryWith the effect of the low interest atmosphere, the number of automotive market was realized as 35 thousand 523, increasing 20.23% in January, in Turkey. Automotive market in Turkey started growing in the 2013. The Association of Automotive Distributors of Turkey announced that the total market of automobile and light commercial vehicles in Turkey was realized as 35 thousand 523 by 20.23%... Add a comment

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