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Last Turkey News
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Last Business News from Turkey
Last Business News from Turkey
Preparations accelerate for regional incentives bill
The government has accelerated the development of a bill aimed at boosting investments in certain regions by introducing special incentives while also helping to eradicate the disparities among developed and impoverished regions.
Council of State case blocks highway and railway investments
The Ministry of Transportation is currently waiting for the Council of State to approve the transfer of the necessary financial resources for the construction and modernization of highways and railways into its hands.
Turkey dominates world boron market, becomes price-settler
The increasing significance of boron in a wide variety of industries has made Turkey a leader in determining market prices, industry representatives have said.
[OPINION] The perfect storm of a global recession
The probability is growing that the global economy -- not just the United States -- will experience a serious recession. Recent developments suggest that all G7 economies are already in recession or close to tipping into one.
Hazelnut farmers put government in tough spot
The Soil Products Office (TMO) has delayed announcing hazelnut prices, originally scheduled for June, leading to increasing worry among hazelnut producers.
Venezuela seizes control of cement companies
Venezuelan government officials backed by National Guard troops seized control of cement plants owned by Mexico's Cemex SAB after failing to reach a deal on terms for nationalizing them.
Ariana obtains new exploration grounds
Ariana Resources plc has announced that it has acquired new exploration land with nine new exploration licenses for western Turkey.
Large US bank collapse seen ahead
The worst of the global financial crisis is yet to come and a large US bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.
Iraq to sign $1.2 bln oil service deal with China
Iraq will soon sign its first big international oil deal since the fall of Saddam Hussein, a $1.2 billion oil service contract with China, oil minister Hussain al-Shahristani was quoted as saying on Tuesday.
BP says Baku-Ceyhan oil pipeline to resume operations
BP Plc said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion Baku-Tbilisi-Ceyhan (BTC) pipeline damaged by a fire two weeks ago.
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