Ezinç which managed to rank fifth among the twenty largest companies producing solar energy systems worldwide, exports its own branded solar energy panels to eighty countries. The company started producing solar energy systems in Kayseri in 1978 and managed to export the first solar collector made in Turkey in 1994. Turkey's leading company in the solar energy systems sector now exports to 80 countries. Ezi ...

GÜBRETAŞ proceeds on its way with the vision to become "a giant and a leading company in Turkey and establish itself as a well-known brand in the world".  In order to reach this objective, it has adopted the investment strategy in the countries having raw material resources; and in 2008, the consortium, led by GÜBRETAŞ, has purchased Iran's Razi Petrochemical Company. Being the largest industrial investment ...

Şişecam’s 2011 profits grew by 53 percent as the company continued to expand abroad, according to Ersin Özince, chairman of the Turkey-based glass maker. The company fulfills some three percent of the global glass demand with its production, which has reached $3.7 billion. “In 2011 our net profits increased 53 percent to 741 million Turkish Liras. Our 2011 sales figures registered an 18 percent increase fro ...

Turkish Statistical Institute has published a report to cover unemployment in Turkey. The report goes as follows; Number of unemployed persons increased by 226 thousand persons in the period of January 2013 (1) and has reached to 2 million 890 thousand persons in Turkey. Unemployment rate realized as 10.6% with 0.4 percentage points increase. Non-agricultural unemployment rate was realized as 12.9% with 0.5 ...

On his visit to Kyrgyzstan PM Erdoğan said Turkey had turned into a  safe haven thanks to economic success achieved through appropriate fiscal policies and structural reforms implemented in the last 10 years. Prime Minister who held meetings the Kyrgyz President Almazbek Atambayev and Prime Minister Jantoro Satybaldiev in Bishkek, also attended the second meeting of the Turkey-Kyrgyzstan High Level Strategi ...

Turkey’s olive oil exports quadruple in the last five months from the same period a year earlier benefiting from the harvest fall in Spain, a report says. Spain which is known to be the world’s largest oil producer has suffered a considerable fall in the harvest of olive oil and opened the way for countries such as Turkey to gain market share. It is reported that Turkey’s olive oil exports which had been ha ...

Consumer Price Index, March 2013 Monthly change in Consumer Price Index (CPI) was realised by 0.66% A rise in general index was realised in CPI (2003=100 based) on the previous month by 0.66%, on December of the previous year by 2.63%, on same month of the previous year by 7.29%, on the twelve months moving averages basis by 8.08% in March 2013. The highest monthly increase was 2.04% in food and non-alcohol ...

Data pertaining to foreign trade performance of Turkey were released by Turkish Statistical Institute as below; Exports increased by 5.8% in February According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in February 2013; exports increased by 5.8% and reached to 12 435 Million Dollars and imports increased by 9% and reach ...

Down below you will find a summary of topics from major Turkish papers and internet sites. U.S. Secretary Kerry and Turkish FM Davutoğlu discuss Syria U.S. Secretary of State John Kerry and Turkish FM Ahmet Davutoğlu discussed the situations in Iraq and Syria on telephone on March 30th. The two ministers reviewed topics such as measures to be taken regarding the Syrian government’s use of Scud missiles agai ...

Turkey has received long awaited good news from Standard & Poor's that has raised the country’s credit rating from BB to BB+. Standard Poor said in its statement that Turkey was in the process of rebalancing its economy and the floating rate policy, the prudential limit on foreign loans and the deepening of the local capital market induced higher resistance to potential capital flows. The agency also re ...

Kühne a German food company famous for its salad dressings has started a major investment for vinegar production in the Aegean city of Izmir. Currently, the company has a vinegar production facility in Afyon and has made a well-deserved reputation for its product group. The company is scheduled to invest an amount of TRY 8.5 million in its new operation with an annual capacity 10,000 ton and is determined t ...

Turkey which is on the eve of  undertaking huge energy investments to include nuclear, is reported to have  increased its installed electricity capacity to 58,000 MW by adding a capacity nearly 5,000 MW every year in the last five years. This fact was announced by Energy Market Regulatory Authority (EPDK) President Hasan Köktaş yesterday. Mr. KOKTAS said at a press event Turkey’s electricity consumption had ...

The Turkish retail sector, which recorded $302 billion in 2011, is expected to reach $421 billion in 2015. Internet retail portals are becoming a new favorite among Turkish internet users and shoppers, according to a Deloitte Turkey report. Turkey’s retail sector, which exceeded $302 billion in 2011, is expected to reach $421 billion in 2015, according to the “Retail Sector Analysis” report published yester ...

It has been reported by officials that 200,000 foreigners visit Turkey to receive medical care every year. Minister of Health Recep Akdag stated that the country's medical tourism was also on the rise. The Turkish Tourism Industry is known to have been on the rise for a long while, as well and the country enjoys its biggest revenues from tourism. The minister who attended the 5th International Health Touris ...

The prime minister has made some top important statements regarding the tender for privatization of Turkey’s roads and bridges a short while ago. In an interview on a prominent TV channel on February 1st Mr. Tayyip Erdoğan who obviously sounded unhappy with the result of the tender said; "We will review the privatization offers, for example for the highways or bridges. We have much bigger expectations" refe ...

According to the report circulated by Turkish Statistics Institute tourism income increased by 17.2% compared to IV. quarter of previous year In the fourth quarter; which is October, November and December months of 2012, tourism income increased by 17.2% and reached $ 6 107 152 thousand. While 75.1% of this income was obtained from foreign visitors, 24.9% was obtained from citizens resident abroad. Visitors ...

The statistical data regarding exports and imports for December 2012 was released by the Turkish Statistical Institute on 31st January 2013. Based on said report exports increased by 1.4 % to reach 12 646 Million Dollars and imports decreased by 3.7 % go down to reached to 19 825 Million Dollars as compared to December 2011. In the same month, foreign trade deficit decreased from 8 116 Million Dollars to 7 ...

Following a truly successful performance in 2012, Central Bank Governor Erdem BASCI made a press meeting where he revealed important economic figures for the current year. BASCI said that the inflation rate for 2013 was forecasted to ocur between 3.9-6.7 and they expected core inflation to stay under five percent by the end of 2013. As expressed by the governor, the highest risk in 2013 would be economy pol ...

It is reported that the number of registered vehicles in traffic in Turkey has increased substantially. TurkStat, Statistics Institute of Turkey has revealed that  The number of vehicles which are registered in traffic in Turkey has increased by 8.1 percent as of November 2012 when compared to November 2011. It also rose 6.5 percent when compared to October 2012, said TurkStat, Turkey's statistical authorit ...

Istanbul is scheduled to host an important event  in March 2013; Istanbul Jewelry Show. It is reported that giants of global gold industry are going to convene in Istanbul between March 21-24. The show will be attended by individual sellers and representatives from 25 countries such as China, India, Hong Kong, Italy and Thailand and is expected to draw much attention. Istanbul Jewelry Show is considered to ...

Turkish Ciner Group Corporation and Chinese Tianchen have signed a contract for the construction of a $ 3 billion facility at Kazan, Ankara. Signing ceremony between Ciner Group company Kazan Soda Electric and China Soda Ash Cogeneration Plants Tianchen Engineering Corporation took place at Cıragan Palace and was attended by Energy and Natural Resources Minister TANER YILDIZ. Minister YILDIZ made following ...

After having met with President of Libyan General National Congress Mohammed el-Magariaf on Sunday, Turkish Energy Minister made following statement; "We came together with Libyan Oil Minister Abdulhadi al-Arusi, Minister of Electricity and Renewable Energy Ali Muhammad Muhayrik and President of Libyan General National Congress Mohammed el-Magariaf separately. I leave Libya satisfied after all our beneficia ...

Turkey and United Arab Emirates have shaken hands on a project to develop coal fields in southeastern Turkey. The project which is worth USD 12 billion covers the renovation of existing power plants in Afsin-Elbistan coal field, located in Kahramanmaras province, and the construction of new plants utilizing the same source, estimated to hold around 4.4 billion tons of lignite. Parties have agreed to add 7 G ...