Fule thanks Ergin for supporting EU reforms Turkey's Justice Minister was in Brussels to meet with EU Commissioner Stefan Fule for Enlargement and Neighborhood Policy. It is known that Turkey is not pleased with the pace things are moving in the process for its EU membership. Turkey uses all opportunities to express such disappointment. Parties made some statements in a press conference following the meetin ...

Davutoglu: Turkey will always stand by Libya and its people Turkish FM Davutoğlu attended a panel about Turkey and Libya in Ankara yesterday and held a speech at the opening. The panel was titled "New Region, New Relations: Turkey and Libya and was organized by the SETA Foundation for Political, Economic and Social Research in Ankara. Turkish FM delivered a speech and said  that Turkey would always stand by ...

Turkish banking sector keeps drawing interest from abroad as more foreign companies keep coming into this country. It has been reported in the meantime that one of the newcomers in Turkey’s banking sector, Russia’s Sberbank is seeking to enhance its position by signing cooperation deals with the Export Credit Bank of Turkey (Turk Eximbank) and the Investment Support and Promotion Agency of Turkey (ISPAT). A ...

As part of the modernization and development programs exercised by the government Turkey has mostly tried to do its part on the way to becoming a member of the European Union. Turkey on the other hand however has always been the party to complain EU has not done its part to comply with the commitments made as per agreements between 2 parties. EGEMEN BAGIS minister responsible for EU affairs currently has go ...

In their fight with establishments polluting our planet Greenpeace has last started to challenge LEVI' s company. We believe peoples of the world should pay much more attention and not deny their support to Greenpeace which is probably the most (and maybe the only truly) influential organization spending endless efforts to protect the nature, for our children to use their rights to live on this planet as we ...

Just when the patriots are to be sent over to Turkey, United Nations Secretary General Ban ki Moon is expected to arrive in Turkey on Friday. It is reported that  Mr. Moon is scheduled to meet Syrians in Gaziantep, who fled clashes in their country and crossed into Turkey. Regarding other contacts UN Chief is expected to make, Mr Moon is reported to have scheduled visits to President Gül, PM Erdoğan as well ...

As part of the efforts to provide Turkey with protection measures against a possible Syrian assault the German parliament has agreed to send  two Patriot missile batteries to Turkey and deploy400 troops. Germany's cabinet also agreed on Thursday to allow utilization of AWACS planes, which are currently stationed in the region, within the scope of NATO operations. ...

Russian President Vladimir Putin has paid a visit to Turkey on which occasion several agreements have been concluded and signed between two countries. In the press conference after his meeting with Prime Minister Erdoğan Russian Head of State has made some important statements. After the meeting that was held on December 12th Putin said Russia's stance towards Syria crisis was similar to Turkey stance. Puti ...

Economy Minister Zafer Caglayan said on Thursday that Spanish companies consider Turkey as the country of priority in their investments. Caglayan gave information on a meeting of CEOs which was held in Spain and chaired by Prime Minister Recep Tayyip Erdogan on November 26, saying that senior managers of 17 companies which provide 1 million people with employment, as well as the head of Employers' Confedera ...

It is reported that Turkey has succeeded to take its place among top vegetable exporting countries in the World. In fact Turkey is one of the top exporters of the two key agricultural commodities in the world, according to data released by the Ministry of Food Agriculture and Livestock. The report says the country which had a production capacity of 39 million tons of fruit and vegetables in 2002, increased ...

Hyundai of South Korea and Turkish automotive company Karsan will jointly invest USD 260 million for the production of Hyundai branded light commercial vehicle (LCV) models of various configurations in Turkey. According to the contract signed between the two companies, following the Framework Agreement of the last year, Karsan will manufacture 3-6 ton range LCVs for Hyundai in Turkey beginning at the end of ...

PM Erdoğan made a statement saying the final decision on the deployment of Patriot missiles along the Turkish border with Syria will be taken after meetings with a NATO delegation, currently in Turkey for survey. Earlier Iran had criticised Turkey for deciding to deploy Patriot missiles in Turkey. Erdoğan slammed Iran saying the Turkish state takes orders from its people, only. Erdoğan went on to say “Have ...

Istanbul has started to host the preliminary meetings of the 3rd Nuclear Safety Summit to be held in 2014 in the Netherlands. It is reported that the meeting is hosting representatives from around 50 countries and many other international organizations. In the meeting participants are to discuss topics such as Illegal nuclear trade and prevention of nuclear terrorism, safety of nuclear materials. The meetin ...

Turkey has asked Nato to deploy  Patriot anti-aircraft missiles at its border with Syria. Nato in return has accepted this request and taken required action. However dispute over the issue has been on the agenda for a while with controversial comments from parties involved. In fact the  missiles has led to tension between the alliance and Moscow and Russian Foreign Ministry has made comments criticising the ...

Turkey which has shown quite a good performance in the field of economy during the current global crisis continues to receive positive remarks from international experts. A most recent praise was worded by Sarah Carlson a senior credit officer at Moody’s speaking at the 6th annual Turkey Credit Risk Conference of her company. Ms Carlson expressed her appreciation when she said they considered Turkey as "goo ...

Prior to his departure on an official visit to Pakistan Prime Minister Erdoğan made a statement about the conflict going on in Gaza currently. He explained that Turkey was doing everything to to contribute and he hoped they would yield the desired result adding a cease-fire was imminent. Erdoğan also reminded that Israel was continuing to strike ruthlessly and the hope was something favorable would come out ...

International Monetary Fund has released a report saying "the Turkish economy has slowed to a more sustainable 3 percent growth rate this year". Earlier in November financial accreditation agency Fitch had upgraded Turkey’s economic outlook  from BB+ to BBB-. This had been good news long awaited by the Turkish business environment. On account of this favorable development for the Turkish economy the country ...

In the conflict between Wikileaks and banking companies such as Visa, MasterCard, PayPal, Western Union and Bank of America regarding the arbitrary banking blockades against WikiLeaks the internet company seems to be one step ahead now. In fact, in a landmark decision the European Parliament has initiated the drafting of legislation that would stop such banking blockades against WikiLeaks and other organiza ...

It was announced by the Turkish Government that there were 120,147 Syrians currently staying in Turkey after having escaped from clashes in their country. AFAD made a written statement on Friday saying Turkey had made available 5 tent cities in Hatay, 2 in Sanliurfa, 3 in Gaziantep and one each in Osmaniye, Kahramanmaras and Adiyaman and one container city in Kilis. AFAD also mentioned that Turkey took all ...

It was reported by CBT on Thursday that Turkey had managed to pull its CAD down to USD39,2 thanks to the positive developments in composition of foreign trade and net services income. The bank announced that "under services account, travel revenues had decreased by $477 million recording $17.3 billion, and travel expenditures had dropped by $762 million recording $2.8 billion compared to the same period of ...

In spite of the global crisis prevailing in the world Turkey does not seem to be much effected by negative developments. In fact, it was reported by The Union of Chambers and Commodity Exchanges of Turkey (TOBB) on Friday that number of newly established companies were recorded at 3,007 in October 2012. On the other hand the TOBB also reported that 1,034 firms hand gone out of business in October. Compared ...

It is reported that Turkey is now the biggest gif producer in the world and meets about 70 percent of the global demand. It has also been reported however that fig farmers are not content with sales prices and price for dried fig has been shaped below anticipations. Fig grows in an environment where north-east and the southwest winds are supposed to blend in a suitable manner which is difficult to find. Tur ...

As the most recent crisis in the ME climbs, Israel has received the support of the Western world saying Israel has the right to protect its population against rocket attacks by Hamas. The western nations also expressed concern over casualties on both sides since Israel launched its latest operation against the Gaza Strip and added that Hamas had to halt the militant attacks into southern Israel. Turkey on t ...