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Turkish-Iranian energy deals to be completed soon
ANKARA, Turkey -- Energy Minister Hilmi Guler told a press conference on Monday (August 18th) that Turkey and Iran are expected to complete planned e...
Diplomatic Diary: Turkey hosts African Union meeting
"Support and Co-operation for a United Future" is the motto of the Istanbul summit this week. Also in diplomatic news: direct talks for the re-unification of Cyprus are scheduled for September 3rd, and Iranian President Mahmud Ahmadinejad visited Turkey.
Olympics: Gymnastics gold for Romania
Sandra Izbasa's confident floor routine wins her the top spot on the podium, while another Balkan gymnast -- Croatia's Filip Ude -- nets a silver on the pommel horse.
SETimes news - Turkey
News and Views of Southeastern Europe
The Straits regime dates back to 1936
The Montreux Convention Regarding the Regime of the Turkish Straits is a 1936 agreement that gives Turkey control over the Bosporus and the Dardanelles and regulates military activity in the
Syrian minister arrives in Ankara
Syrian Interior Minister Basam Abd Al-Majid arrived in Ankara yesterday upon the invitation of his Turkish counterpart Beşir Atalay. Atalay
Travel agent advocates more Turkey-Armenia flights
Flights to Armenia from Turkey are fully booked for the football game Sept. 6, as one tourism businessman advocates for closer ties through cheaper tickets and more flights. “To overcome the
Ankara goes easy with flight access to Armenia
As Ankara relaxes its air space quota for Armenia, it appears Turkey has spotted an opportunity to use the crisis in Georgia to ease its strained relationship with Armenia. Ankara decided to
Turkey chided for hosting al-Bashir
Turkey came under fire yesterday for hosting the controversial leader of Sudan for a summit of African leaders in Istanbul. The visit by Omar al-Bashir marks his first trip abroad since the
Not a genocide, a 'tragedy'in Sudan
Sudan's president, who was charged last week with masterminding a campaign of rape and genocide in Darfur, denied yesterday his responsibility for the atrocities in a meeting with President Abdullah
US in talks with Turkey for Straits passage of its naval vessels
The Pentagon has confirmed that U.S. officials are in communication with their Turkish counterparts in order to arrange the passage of humanitarian aid to war-torn Georgia. The U.S. naval vessels
Vocational classes with jobs guarantee canceled due to lack of interest
Carpentry and ceramic classes in the Black Sea province of Zonguldak that guaranteed a job on completion were canceled last Friday due to lack of interest. According to the program, launched by
'Testing lifeboat with workers normal'
The founder of the Gisan shipyard said he had no responsibility in an accident that occurred in Istanbul's Tuzla district earlier this month, the Anatolia news agency reported Monday. The
CHP to open discussion on AKP's legislative power
The main opposition party challenged yesterday the government's authority to amend the Constitution following the top court's decision in the closure case last month. During a press conference
Long-awaited national program for EU alignment on the way
The Justice and Development Party, or AKP, has drafted a new national program regarding European Union accession, in a sign that the government plans to reinvigorate EU-backed
President pardons ex-Islamic party leader
President Abdullah Gül announced yesterday that he had pardoned Necmettin Erbakan, former prime minister and ex-leader of Welfare Party, or RP. Erbakan was under house arrest after having been
MHP deputy denies efforts to bring back death penalty
The Kastamonu deputy from the Nationalist Movement Party, or MHP, Mehmet Serdaroğlu yesterday denied claims that he has been working on a draft bill to bring back the death penalty,
Suicide car blast injures six police officers
Two people were killed and six police officers injured when a blast ripped through a car in the southern city of Mersin yesterday, media reports said. CNN-Türk news channel said the vehicle
Memories alive in A-bomb museum
Few visitors to Hiroshima's memorial museum linger long enough to look at the photos of scorched victims, a child's burnt lunchbox or the shadow of someone who was incinerated. Perhaps
Ephesus ancient theater to host cultural events
The Ephesus ancient theater is on its way to becoming Turkey's first operating ancient theater, as the İzmir district of Selçuk prepares for 25 years of growth."Our seven-year efforts have
Turkey home of chain hotels, survey reveals
Chain hotels provide the majority of Turkey's accommodation, with most of the business conducted by domestic companies, a recent survey has revealed. Nearly 61 percent of Turkey's
US university declares 2008 Year of Turkey
The Kennesaw State University in Georgia has declared 2008 the “Year of Turkey.” With the start of the academic year in September, classes on Turkish culture and politics will be free to the
Our music's not for sale, says Ehl-i Keyf
Who needs record labels when there is the Internet? Turkish rock band Ehl-i Keyf does not; that is for sure. When last year Radiohead decided to release its latest record, "In Rainbows," solely
Hadrianus Gate of Roman times captivates visitors
One of the best-preserved historical structures in the southern city of Antalya, the Hadrianus Gate, or the Three Gates, is a monumental structure on the walls surrounding the old city. The monument
Laurence Fishburne new man of 'CSI' series
TV series "CSI: Crime Scene Investigation" has solved the mystery of who will replace departing CBS series star William Petersen: It's Laurence Fishburne. Fishburne, an Emmy and Tony
Pakistan burn victims turn beauticians
Saira Liaqat squints through her one good eye as she brushes a woman's hair. Her face, most of which the acid melted years ago, occasionally lights up with a smile. Her hands, largely
Consumption of alcoholic beverages decreased 10 times
Although the production of alcoholic beverages increased in 2008, the fall in official consumption has attracted attention in Turkey. A banderole practice began November 2007 to
Tüpraş Q2 profit rises 36 percent after oil prices jumped
Tüpraş Turkish Petroleum Refineries, Turkey's biggest energy company, said second-quarter profit rose 36 percent after crude oil prices jumped to a record high. Net income advanced to YTL 680
Car buyers' satisfaction with US brands stumbles
U.S. car buyers are growing less satisfied with their purchases from domestic automakers while their Asian and European competitors continue to improve, according to a recent survey.Consumer
Arnavutköy emerges as new center of attraction in Istanbul
The historic Arnavutköy neighborhood is emerging as a new center of attraction in Istanbul, as prices of lands have nearly doubled in the last year. Turkey's Mass Housing Administration, or TOKİ,
US wholesale inflation at 27-year high
U.S. wholesale prices spiked by their largest margin in 27 years in the year to July as inflationary pressures continue to roil the world's
Hilton to open its first resort hotel in Turkey
Turkey's first Hilton resort hotel will open in Muğla's Dalaman district toward the end of 2009 with a 100-million euro investment. Hilton Hotels Corporation, the world-renowned U.S.-
Building complex with a sea view in Istanbul
Gül Yapı's RoseMarine project, which sits on an area of 44,000 square meters, is comprised of 20 blocks and houses in seven different types and sizes in Istanbul's Sinanoba district. The minimum
PSP Swiss Property net falls on lower valuation gains
PSP Swiss Property AG, Switzerland's largest real estate company, said second-quarter profit dropped 23 percent on lower gains from the revaluation of properties. Net income fell to
Brixton reports loss as property values decline
Brixton Plc, the U.K.'s largest owner of industrial buildings, reported a loss for the first half of this year as the company's properties depreciated. The net loss was 235 million pounds ($437 million), or
When coffee spills on your trousers
You are on an airplane for a one-day business trip. You are taking a look at the notes for the meeting that you are going to attend. At the same time, cabin attendants start serving food. You order
TOBB eyes African countries
Turkish business in Africa is looking forward to high growth as the Union of Chambers and Commodity Exchanges of Turkey, or TOBB, announced plans to establish organized industrial
Incentive package to foster investments
New incentives for encouraging job creation and helping Turkey's poorest regions could be implemented by as early as 2009. In addition to the already announced 5 percent cut in payroll
Minister sets the auction date
Turkey will soon begin auctions for 65 sites where underground heat can be tapped to generate power or provide warm water for use by the agricultural and tourism industries, said Energy
Merger talks among German airlines stall
Merger talks between German charter airline Condor and TUIfly as well as budget Lufthansa unit Germanwings have stalled, sources close to the situation told Reuters on Monday.A source close to
No recession in Germany, indicator suggests
German investors do not expect a recession in Europe's biggest economy, a key indicator suggested Tuesday, as cheaper oil and a weakening euro take some of the pressure off
Bank of England official warns of inflation
A member of the Bank of England's interest-rate setting committee warned Tuesday that Britain is running the risk of uncontrolled inflation - comments that sent the pound down on currency
Singapore Air's SilkAir trims Asian expansion plan
Singapore Airlines unit SilkAir said on Tuesday it has scaled down expansion plans for the financial year to March 2009, as natural disasters hit travel demand on its China and Myanmar routes.The
Turkey expands flight scope
The Directorate General of Civil Aviation, or SHGM, has started an initiative to expand Turkey's flight network, an economic publication reported in its latest issue. Turkey is among the rising
Ariana Resources buys nine new licenses
Gold exploration company Ariana Resources Plc said yesterday it acquired nine new exploration licenses near its main Sindirgi and Tavsan projects
Anti-Thaksin protesters march on UK embassy
Thousands of protesters clad in bright yellow marched to the British embassy in Bangkok yesterday to demand that ousted Thai premier
Southwest Florida awaits landfall by Fay
Tropical Storm Fay rumbled toward Florida's southwest coast yesterday as residents with memories of a killer hurricane in 2004 took the precaution of shutting schools, government offices
43 dead in attack on Algerian police school
A suicide attack on an Algerian police school at Issers, 60 kilometers (40 miles) east of Algiers killed 43 people and injured 38, the interior ministry said yesterday.The attacker drove a car
10 French soldiers killed in Afghanistan
Ten French NATO troops were killed Monday and yesterday in battles with the Taliban near the Afghan capital, prompting French President Nicolas Sarkozy to announce he would head to the war-
Iraqi soldiers storm Diyala governor's office
Iraqi soldiers stormed the governor's office in the restive province of Diyala before dawn yesterday, killing his secretary and firing on local police, the governor told AFP. The incident in the provincial
Zambian president dies, says official
Zambian President Levy Mwanawasa died in a Paris hospital after battling a long record of ill health and a second stroke in June, the country's
Pakistan coalition meets on Musharraf successor
Leaders of Pakistan's ruling coalition met yesterday to discuss who should succeed Pervez Musharraf as president, while a bombing outside a hospital and clashes with militants killed dozens
Obama close to naming VP pick, says report
Speculation about Barack Obama's vice presidential nominee hit new heights as a report said he could reveal his choice for a number two as early as today.The New York Times reported
Tentative Russian pullout as NATO warns over ties
NATO foreign ministers warn that they "cannot continue business as usual" with Russia, and demand that Moscow pull troops from Georgia immediately. As a trickle of Russian armor left the key Georgian town of Gori, the military alliance tells Moscow to expect a deterioration in relations
Musharraf wouldn't have resigned, would he?
RUŞEN ÇAKIR
Bush to strike Iran as he leaves
EYÜP CAN SAĞLIK
Europe gets started on quelling a crisis
NICHOLAS SARKOZY
EU, Turkey and the AKP verdict
The Turkish government has reportedly prepared a new 400-page long national document consisting of four parts and which aims at accelerating the EU accession process of the country. One may say that as the ruling Justice and Development Party, or AKP, has realized with its narrow escape from the gallows that converting Copenhagen criteria to Ankara criteria and decreasing the pace of the EU accession process of the country could indeed be very costly to itself as well as to the country, it is now reorienting itself on the EU course.Some of the legislations in the national program “that need improving to meet European standards” are constitutional articles, while some are laws the amendment o
Georgian gambit
BURAK BEKDİL
Would America attack Iran?
FİKRET BİLA
Turkish Press Scanner
Academic success is not enough for employment-Hürriyet
A young woman who speaks two languages and has a master's degree in management still could
what others say
From Kemalist tutelage to conservative tute-İsmet Berkan,Radikal
lageIn mid March, the justice and Development Party, or AKP, faced a closure case with debates
Juniors to test the waters before crucial game
Two weeks before an eagerly anticipated football match between Armenia and Turkey, the junior teams from the two countries with troubled relations are set to take to the pitch tonight, in
Home hero Zou coasts into medal round
China's world champion Zou Shiming kept his Olympic gold medal hopes alive with a convincing defeat of Kazakhstan's Birzhan Zhakypov in the light-flyweight quarterfinals yesterday. Zou, also a
Nigeria beats Belgium 4-1 to reach Olympic final
Nigeria reached the Olympic football final with a 4-1 victory over Belgium, getting long-range goals from Emmanuel Ekpo and Chibuzor Okonkwo. The 1996 Olympic champion took control yesterday
Zou Kai of China wins gold in the horizontal bar
Zou Kai won the high bar yesterday, concluding China's gymnastics gold run with another Olympic championship. American Jonathan Horton took silver to go with his team bronze medal.
Shawn Johnson finally gets her gold
Shawn Johnson of the United States finally got her Olympic gold medal, in the last event of the women's gymnastics competition yesterday, the balance beam. Johnson, bothered by a headache
China assured of first beach volleyball medal
China has clinched its first-ever beach volleyball medal, with top-seeded Tian Jia and Wang Jie winning an all-China semifinal yesterday to advance to the championship against defending
Hoy completes Olympic hat trick
Britain confirmed its status as ruler of the Olympic velodrome yesterday, claiming two of the last three track cycling gold medals on offer to finish with seven out of 10. On a day that Australian
Ethiopian Turks make their way to the final
Elvan Abeylegesse and Alemitu Bekele Degfa advanced to the women's 5,000m finals yesterday, living up to the ever-growing expectations since they are the last two Turks left in the athletics
Weddings between Turks and foreigners decreases
The charm of Marmaris has traditionally encouraged love to blossom between Turks and foreigners. This year, however, it would appear that the charm is failing, as, according to statistics
Swissotel Grand Efes to be focal point of İzmir
İzmir's new convention center hosted its first official event Friday evening, transforming one of the ballrooms into a club-like atmosphere, complete with several DJs to round out the night.
Didim on the way to become a British city
More than 10,000 Brits are waiting to be heard on the development, functioning and administration of Didim, a town in the Aydın, which is fast becoming a British-pensioner-city due to the high level of
Bodrum ferries hit peak in August
Every Tuesday crowds stream off the Greek ferries from Kos into Bodrum's city center for the day. The ferry-bound traffic into Bodrum hit its peak in August, delivering a United Nations of nationalities
Seventy watch 35-dancer ballet group
A ballet group consisting of 35 dancers performed to an audience of only 70 people Monday. A group of artists from the Ukrainian State Opera and Ballet performed Swan Lake by Pyotr Ilyich
Turkishdailynews Headlines
daily news from Turkey and world
Cyprus: Unification on the Table
As Cyprus's new president brings the nation closer to unification, the EU comes one step closer to Jerusalem.
Malta and Cyprus Adopt Euro
The European Union cements its influence in the Mediterranean.
EU Extorts Turks Before Giving Them the Boot
Cyprus Joins European Defense Alliance
History is playing out in Cyprus once more.
theTrumpet.com: Cyprus
theTrumpet.com -- Understand your world.
To Europeans, Turkey's EU Bid Is Dead
A constitutional crisis will set back Turkey's petition for EU membership. But does Europe have to be so sanctimonious about it?
Cyprus: Unification on the Table
As Cyprus's new president brings the nation closer to unification, the EU comes one step closer to Jerusalem.
Turkish Military Penetrates Northern Iraq
Turkey Warns EU Against Becoming "Club of Christians"
The real reason behind the European Union's reluctance to accept Turkey surfaces in Davos.
Turkish Warplanes, Troops Strike Kurds Inside Iraq
Iraq's only relatively stable region gets familiar with the sound of machine gun fire and exploding ordnance.
Washington's Kurdish Quandary
America's geopolitical impotence is being exposed in the rugged hills of northern Iraq.
The Week in Review
A new weekly feature on theTrumpet.com! This week: a prevailing sense of uncertainty.
U.S.-Turkish Relations Take a Hit
Turkey's imminent invasion of Iraq and an anti-Turkey resolution in a U.S. congressional committee are straining these nations' alliance.
What to Watch With an Islamic Turkish President
A former Islamist holds the presidency of Turkey. Here are some of the implications.
Why the World Is Taking Note of Turkey
Turkish voters have elected a former Islamist as president. Here's why many nations are asking: just how significant is this?
Islamic Party Increasingly Popular in Turkey
Democracy continues to promote Islam.
Portugal Faces Hard Battle Over Turkey Membership
The EU's new president, from Portugal, wants to jump-start entry talks with Turkey, but will face stiff opposition from other EU members.
The Real Reason for the Pope's Visit to Turkey
Media reports largely missed the true significance of Benedict XVI's trip to this Muslim nation.
EU Meets to Discuss Illegal Immigration
Turkey: Target of Catholic EU Patriotism
Chancellor Favors God Reference in EU Constitution
Bavarian Premier Calls for New Laws Against Blasphemy
The "moralists are alive and kicking" in Germany.
EU to Ask, What Is Europe?
A leading German conservative, supposedly a political has-been, claims to have the answer, and he claims to speak for most Europeans.
Turkish Film Causing Uproar in Germany
As the Muslim world and Europe kick up a fuss about Danish cartoonists' renditions of Mohammad, another seemingly ridiculous scenario is creating deep Muslim-German rifts and putting one politician on the side of mainstream German sentiment.
Europe Rethinks Energy Options
Thanks to the Russia-Ukraine energy fiasco, Europe now realizes that getting many of its eggs from one basket is not the way to go. But where it may turn for more "stable" energy presents an even more troubling scenario.
theTrumpet.com: Turkey
theTrumpet.com -- Understand your world.
Investigations continue into Istanbul bomb blasts
Turkish police continued investigations into a bomb blast in Istanbul that killed 17 people and injured more than 150 with officials pointing the blame at the separatist Kurdish Workersrsquo; Party PKK charges the PKK have denied. Police were seeking a...
EBRD promises Istanbul full membership soon
Thomas Mirow who has recently taken over as president of the European Bank for Reconstruction and Development EBRD said that the development bank is likely to accept Turkeyrsquo;s request full partnership. Mirow stressed that Turkey would likely be the last...
Tourist arrivals rise in June to 3.31 mln
Tourist arrivals to Turkey rose 19.17 percent year-on-year in June to 3.31 million the tourism ministry said last week. The number of tourists in the first half of the year rose 16.36 percent to 10.69 million compared with the same...
Tasyapi get 6 bln Euro credit to boost energy production
Turkish energy and construction firm Tasyapi has announced it would request a six billion Euro credit with Goldman Sachs in order to boost its power production by 4 000 megawatts local media reported. After the signing of the deal and...
ArcelorMittal buys out partner in joint venture
Global steel player ArcelorMittal said it agreed to buy out
Primex of Germany from the Uginox Sanayive Ticaret Limited
joint venture owned by the two groups in Turkey Zaman reported.
According to Arcelor it plans to gradually double: over the
coming years the size...
Ankara Tehran meet to cement trade ties
A Turkish business delegation led by Export Promotion Centre
Chairman Ulkur Goozal paid a three-day visit to Tehran on July
13 at official invitation extended by Export Promotion Center of
Iran EPCI . During a three-day mission Goozal met business
leaders in Tehran to...
OECD says inflation in Turkey to reach 9.6%
The 2008 Economic Outlook Report released by Organization
for Economic Cooperation and Development OECD recently
stated that unfavorable international conditions and domestic
political uncertainty have caused an upward shift in Turkeys risk
premium Zaman reported. The report also says that inflation in
Turkey was expected...
Turkey Iraq discuss border industrial zone
Turkey has proposed establishing a joint industrial zone with Iraq
in the border town of Ovakoy a province in the countrys southeastern
Anatolian region in order to boost commercial ties
between the two countries Foreign Trade Minister Kursad Tuzmen
told Zaman. Both Turkey and...
UNDP head Dervis warns Turkey on inflation
United Nations Development Program UNDP head Kemal Dervis recently attended an Istanbul meeting of the Turkish Industrialists and Businessmens Association TUSIAD .At the meeting Dervis warned Turkey on inflation media reports said. He said Monetary authorities have to allow a...
Turkey racing for a seat on UN Security Council
Turkey is contesting for one of the two non-permanent seats allocated to the Western European and Other States Group at the United Nations Security Council for the term 2009-2010 in the elections which will be held during the 63rd session...
Turkey not prepared for global food crisis says report
According to a report entitled Global Food Crisis and Turkey conducted by the Eurasian Strategic Studies Center or ASAM Turkey should invest in human capital rural areas and infrastructure for its agriculture sector as well as develop a strategy for...
Turkey not prepared for global food crisis says report
According to a report entitled Global Food Crisis and Turkey
conducted by the Eurasian Strategic Studies Center or ASAM
Turkey should invest in human capital rural areas and infrastructure
for its agriculture sector as well as develop a strategy
for the impact of...
UNDP head Dervis warns Turkey on inflation
United Nations Development Program UNDP head Kemal Dervis recently attended an Istanbul meeting of the Turkish Industrialists and Businessmens Association TUSIAD .At the meeting Dervis warned Turkey on inflation media reports said. He said Monetary authorities have to allow a...
Turkey racing for a seat on UN Security Council
Turkey is contesting for one of the two non-permanent seats allocated
to the Western European and Other States Group at the
United Nations Security Council for the term 2009-2010 in the
elections which will be held during the 63rd session of the
General Assembly...
Turkey Italian firms to work on T129 combat helicopters
Turkey is proceeding with its long-standing contract between Turkish Aerospace Industries TAI and Italian firm AgustaWestland which are set to start co-production of 50 and optional 40 units of T129 combat helicopters media reports said. The contract was signed by...
Turkey aims to generate 20 billion in tourism revenues
Tourism Minister Ertugrul Gunay recently declared that the
country aims to generate tourism revenues worth 20 billion
Euro this year two billion Euro more than last year as well as
aiming to exceed the 25 million tourist mark Zaman reported.
The 25 million tourist...
Privatisations could bring in 10 billion
The President of the Privatisation Administration OIB Metin Kilci recently stated that the privatisation process of the Turkish National Lottery Milli Piyango the countrys highways and sugar processing plants are expected to begin this July Zaman reported. The head of...
Turkeys current account financing risky: SP
A new Standard amp; Poors report titled Evolution of Turkeys external balances reinforces negative outlook on sovereign ratings outlines the most recent developments with respect to Turkeys external balances developments and examines how recent trends reinforce the likelihood of a...
Deutsche Bank announces new management structure in Turkey
A new management structure of Deutsche Banks leading Turkish equities business Deutsche Securities Istanbul DSI was recently announced. According to the reshuffle of the management Ahmet Unuvar will continue in his role as chairman and CEO of DSI Serhan Gok...
Amplio to build 40 hotels all across the country
Amplio Real Estate Investment and Development Company recently announced its plans to expand business in Turkey. The company was established with the objective of building 20 Hilton Garden Inn Hotels and Hampton Inn hotels with a total investment of 300...
400 million Euro invested by Spanish Essentium
Spains Group Essentium recently announced plans to invest 400 million Euro and establish two cement plants in Turkey. Essentium would construct plants in the northwestern province of Bilecik and the southern province of Osmaniye. The plants will commence production in...
Ormat Technologies signs 16 mln Euro contract
Ormat Technologies Inc. which designs builds and runs geothermal plants recently announced that one of its subsidiaries has entered into a supply contract for a new geothermal power plant to be constructed in Turkey. The contract is worth 16 million...
10 bln in investments to up coms standards
A senior official at the Center for European Policy Studies
CEPS a major European research institution said that Turkey
should invest 10 billion Euro to reach European Union telecommunication
infrastructure standards Zaman reported. Director
of CEPS Steffan Jerneck said the Brussels-based CEPS is...
GE selects Turkey to be its healthcare base
General Electric Company GE a subsidiary of GE Healthcare
which is worth 17 billion Euro has moved its international managing
operations base in the eastern and African growth markets
EAGM to Turkey Zaman reported. This move is viewed as a
major vote...
Turkey to see sustained growth until 2040
Addressing the Second Innovation Conference organized by the
American Business Forum of Turkey ABFT Economy
Minister Mehmet Simsek stated that despite global crisis and the
political situation in the country positive growth predictions will
continue and growth in Turkey will continue until 2040 partly
because...
Unemployment rate rises to 10.7% in Turkey
The Turkish Statistical Institute TURKSTAT announced on
June 16 that the rate of unemployment reached 10.7 percent for
the period of February March and April 2008 Zaman reported.
The number of unemployed individuals increased by 95 000 in
this period compared to the same...
Hilton announces large-scale expansion in Turkey
Hilton Hotels Corporation recently inked a non-exclusive
Strategic Development Agreement SDA with the Kosifler
Group to develop approximately 25 new properties in key
regional locations across Turkey Zaman reported. Over the next
five years Hilton and the Kosifler Group expect to introduce
mainly Hilton Garden...
Foreign investors shun Turkey
Foreign investors planned large investment projects in Turkey
but the recent political and economic tensions in the country
urged the investors to shift its focus to European Union countries
the Middle East and Russia. The current political and economic
climate in Turkey has...
Half of Turkeys workers are still unregistered
According to data revealed by Labor and Social Security Ministry
statistics almost half of employment in Turkey 46.9 percent
involves unregistered employment and this figure exceeds 30
percent in Turkeys political and financial capital Ankara meaning
that almost one in three workers is...
Turkey US agree on future nuclear cooperation
The United States and Turkey have reached an agreement to
have cooperation concerning peaceful uses of nuclear energy by
an exchange of diplomatic notes. The deal will permit the transfer
between the two countries of technology material reactors
and components for nuclear research...
Inflation rate set to rise to double-digit figures
The median estimate of 10 economists recently predicted that
this year the inflation rate of Turkey will reach 10.4 percent up
from 9.7 percent in April. The main reason for high inflation
remain record-high food and energy prices which put pressure on
the Central...
4% growth in 2008: OECD
The Organization for Economic Cooperation and
Developments OECD predicted in its semiannual economic
outlook report that this year Turkeys growth rate will decline to
4 percent before rising to 4.5 percent in 2009 Zaman reported.
The report analyses major trends and examines the economic
policies...
Consortium spends 1.66 bln Euro for majority of Petkim
An Azerbaijani-Turkish consortium has attained 51 percent of shares in Turkeys petrochemical giant Petkim. The consortium pledged to invest at least three billion Euro more in the next five years to boost output capacity media reports said. The buyers which...
Turkey completes first presidential visit to Japan
Turkish President Abdullah Gul paid a five-day official visit to Japan on June 3 upon an invitation by Japanese Emperor Akihito. This was the first visit by a Turkish Premier made ever at the presidential level to Japan Zaman reported....
Turkish exports exceed 12 billion Euro in May
Turkish Exporters Assembly TIM President Oguz Satici recently announced the export figures for May which denote that monthly exports hit an all-time high. The figures show that exports in May increased by 34.48 percent over the same month last year...
Turkey hopes to become first-class tourism destination
Istanbul is witnessing a boom in new scale five-star hotel openings which are luring national and international business travelers and holidaymakers. Frank Reichenbach general manager of the Movenpick Hotel Istanbul and the hotel chains regional manager for Turkey recently described...
Sekerbank secures 10 mln Euro loan from Wachovia
Wachovia Bank has announced a loan of 10 million Euro to Turkeys Sekerbank to support its efforts to create a funding source for small and medium-size enterprises SMEs and micro-enterprises. The loan has a term of five years. It was...
Free zones improve Turkeys trade figures
In the first quarter of the year a significant leap in trade volume was marked in Turkeys free trade zones which saw 6.5 billion Euro of transactions an increase of 17.2 percent over same period in 2007. The largest share...
USD 600 mln loan approved by World Bank
The World Bank recently approved a USD 600 million Export Finance Intermediation Loan EFIL 4 for Turkey in a bid to expand capacity and improve competitiveness of exporting firms by providing medium and long-term working capital and investment finance the...
French electric to invest 66 mln Euro
Areva Tamp;D Division one of three global players in the transmission and distribution of energy recently announced that it will invest 66 million Euro in Turkey to meet the regions growing demand in electrical equipment. The country is the divisions...
Turkey firms urged to invest in UAE
The chairman of Abu Dhabi Chamber of Commerce and Industry Salah Salem bin Omeir Al Shamsi recently invited Turkish companies to invest and establish industrial projects in the emirate. He was speaking at a symposium in Istanbul on promoting investment...
Iraq requests more water from Turkey due to drought
Iraqs Water Resources Minister Latif Rashid met with Turkish State Minister Kursad Tuzmen on May 26 in Ankara. During the meeting Rashid called on Turkey to provide adequate water to Iraq due to the ongoing drought media reports said. He...
EP approves Turkeys 2007 country report
An own-initiative report drawn up by a Dutch Member of the European Parliament Ria Oomen-Ruijten was pleased with Prime Minister Tayyip Erdogans assurance that 2008 will the year of reforms and urges the Turkish government to fulfill its promises by...
Nuclear power plans outrage civilians
Turkeys energy ministry recently called for bids for the construction of the countrys first nuclear power plant to be built in Akkuyu near Mersin on the Mediterranean Sea. In fact plans for a second plant in Sinop on the Black...
Economic reach goes global
Around 3 500 African and Turkish businessmen from 45 countries attended the Turkey-African Trade Bridge fair organised by the Turkish Confederation of Businessmen and Industrialists TUSKON in Istanbul. President of Turkey Abdullah Gul also attended. In the past Turkey has...
British support for Turkeys EU bid
Queen Elizabeth II and the Duke of Edinburgh were recently on their first visit to a predominantly Muslim country in 37 years. The royal visit came after her eldest son and heir Prince Charles and his wife Camilla Duchess of...
EBRD full membership gets formal approval
Turkeys formal application for inclusion in the European Bank for Reconstruction and Development EBRD line-up of investment countries was approved in principle on May 19. The proposal for a time table was approved by the governors reads a press release....
Israeli consulting firm to open Turkey office
TASC a Tel Aviv-based consulting firm recently announced that it will open its first office in Istanbul Turkey by end of May. TASC which is considered Europes sixth largest finance project advisory firm will offer consulting services to private and...
Greek Mellon Group expands to Turkey
Athens-based Mellon Group of Companies recently announced that it has established a new subsidiary in Turkey Mellon Teknoloji Turkiye based in Istanbul. Stefanos Karapetsis Executive Director of the Mellon Group said that the Group has entered one of the biggest...
Pakistani mineral sector investments eyed
Turkish industrialists and businessmen led by Yasin Haznedar director of Businessmen Association Turkey recently visited Pakistans Serhad Chamber of Commerce amp; Industry. The delegation was welcomed by Hajji Mohammad Asif president of SCCI. During the meeting with the President of...
New Europe News: The European News Source
New Europe News: The European News Source.
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