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Last Business News from Turkey
Last Business News from Turkey
Turkish business leaders ready to act on low-carbon economy
Business leaders who came together to brainstorm on how Turkey's transition to a low-carbon economy can be achieved supported the idea that environmentalism should be everywhere in order to change carbon-intensive production and consumption trends.
MoU to foster cooperation between Korean, Turkish contractors
Turkey and South Korea, home to the world’s second- and sixth-largest construction sectors, respectively, have set their sights on cooperating to gain greater clout in the global marketplace.
Turkish-British commerce chamber elects new head, vice president
The Turkish-British Chamber of Commerce and Industry (TBCCI) elected its new board on Tuesday.
Turkey, drug makers in talks over unused swine flu vaccines
Turkey is in talks with pharmaceutical companies to give unused swine flu vaccines back, following reports that the pandemic is petering out in the country, Health Minister Recep Akdağ said on Tuesday.
Turkish investors regain confidence, survey finds
The number of investors in Turkey who expect recovery in the economy has reached its highest level in two years, following concerns over a volatile market atmosphere, according to a poll by Deloitte Turkey.
Borusan posts $220 mln profit in 2009
Borusan Holding, one of Turkey’s leading conglomerates, announced a $220 million net profit in 2009, although the company sustained a $900 million decline in turnover in the same year over 2008.
EU finance ministers to agree on end of anti-crisis moves
European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labor market that were introduced to fight the economic crisis, a draft statement showed on Tuesday.
Kuveyt Türk enjoys 22 percent increase in profits for 2009
The trend of increasing profits for Turkish banks is also spreading to participation banks, or banks dealing in Islamic financial products, with Kuveyt Türk posting a 22 percent increase in profits for 2009 to put TL 127 million in the bank.
EU warns US against protectionism in deal
The EU on Tuesday warned the United States against protectionism after a European-led consortium pulled out of the bidding for an Air Force contract, saying the terms had been altered to favor a US company.
China: US assets should not be ‘politicized’
An official in charge of China’s foreign reserves tried to ease American concern on Tuesday about the political impact of its huge holdings of US government debt and indicated Beijing has no plans for a big increase in its gold stockpile.
[OPINION] Turkey-China: Toward energy cooperation
Energy cooperation agreements were signed between Turkey and China during President Abdullah Gül’s six-day visit to China in June 2009. This transaction marked the beginning of a new period between the two countries.
UAE gov’t backs Dubai; Abu Dhabi help may lag
The United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.
Fitch says political risk a key rating driver for Turkey
International credit rating agency Fitch said possible political uncertainty could have an impact on Turkey's credit rating upgrade.
IMF chief says world must prepare for next crisis
The head of the International Monetary Fund says the world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression.
Turkey set to launch talks with South Korea on nuclear power plant
Turkey will sign an energy cooperation agreement with South Korea on Wednesday to launch talks on a nuclear power plant planned on the northern coast of the country.
Babacan says Turkey not to have any talks with IMF about program till May
Turkish State Minister & Deputy Prime Minister Ali Babacan said on Wednesday that there would not be any negotiations with the International Monetary Fund (IMF) regarding the program till May.
Turkish people spend $27.5 billion for cellular phone sets in 16 years
Turkish people have spent $27.5 billion for 135 million mobile phone handsets sold in Turkey since 1994, either registered or unregistered, a study showed.
Turkey, South Korea sign protocol to establish nuclear power plant
Turkey and South Korea signed on Wednesday a cooperation protocol to establish a nuclear energy power plant in the northern Turkish province of Sinop.
Turkey, IMF mutually agree to call off loan talks
The Turkish prime minister said on Wednesday that Turkey and the International Monetary Fund (IMF) jointly decided not to sign a stand-by arrangement.
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