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Tuesday, September 13 2011 , Your time is 15:58:00
President Recep Tayyip Erdoğan will travel to Pakistan next Wednesday, March 1 to attend the 13th Economic Cooperation Organization (ECO) summit in the country’s capital Islamabad
Turkey’s parliament has approved an omnibus law which introduced an exemption of 18 percent of value-added tax (VAT) for foreigners who invest in real estate in Turkey.
There is serious global interest in Turkey’s newly founded sovereign wealth fund, particularly from investment banks, and it plans to sign a memorandum of understanding with three other sovereign funds, its head told Reuters.
Turkey attracted $12.1 billion in foreign direct investment (FDI) in 2016, higher than expected in light of the latest developments in both Turkey and the surrounding region, a top association announced on Feb. 24.
Some 103,000 new jobs were created in Turkey between Feb. 1 and 20 after the government started a campaign to boost employment, according to sources from the Labor and Social Security Ministry.
Israel sees Turkey not only as a big market but also as a major economy in the region, Delek Group’s Gas Pipeline Project Director Ofer Oberlander said Feb. 23.
In a not so subtle jab at European officials and their dealings with Greece, the IMF on Feb. 23 issued a warning against pretending that “unpayable debts” can be repaid.
Turkey’s leading defense systems producer ASELSAN has marked an increase of 273 percent in its net profit in 2016 when compared with 2015
Turkey’s government has received applications worth 23 billion Turkish liras ($6.45 billion) for regional projects in the country’s east, Development Minister Lütfi Elvan said Feb. 24.
The European Bank for Reconstruction and Development (EBRD) and the Gaziantep Chamber of Commerce (GCC) have said they are joining forces to support and encourage entrepreneurship in the south-eastern Turkish city of Gaziantep and its surrounding region, in a written statement late on Feb. 23.
Turkey’s Eximbank is set to pour $40 billion in loans and insurance into more than 100,000 companies in 2017 and to launch its own rating system to measure companies’ eligibility for loans, the head of the organization has said.
World stocks hit 21-month peaks on Feb. 15 and the dollar rose for the 11th straight day, after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month during upbeat comments on the U.S. economy.
Turkey is studying the forex debts of its private sector and will take new macro-prudential measures in March, Deputy Prime Minister Mehmet Şimşek has said, adding that measures would include new forex restrictions against.
German airline Lufthansa has struck a deal to solve a bitter labor dispute with pilots that over five years has cost it an estimated half a billion dollars and more than a dozen strikes.
Workers at the world’s top copper mine, BHP Billiton’s Escondida in Chile, launched what they vowed would be a “long and hard” strike on Feb. 9, causing jitters on world commodity markets.
Turkey’s unemployment rate will fall to single digit figures by the end of 2017 thanks to a number of plans to boost employment, Labor and Social Security Minister Mehmet Müezzinoğlu has claimed.
Azerbaijan aims to finalize the Southern Gas Corridor by 2020, Azerbaijani President İlham Aliyev has said
Tüpraş said it reached full capacity production and record sales volume with residuum upgrade capacity contribution in 2016 on late Feb. 13.
Turkey may become an energy exporter in a decade’s time, Turkish Energy Minister Berat Albayrak has said.
Turkey’s Transport, Maritime Affairs and Communication Minister Ahmet Arslan has announced that a new train line between Istanbul and Bulgaria’s capital Sofia will start its journeys on Feb. 20, state-run Anadolu Agency has reported.
Turkey and the Philippines have signed an agreement to increase cooperation in culture and tourism.
Turkey expects to welcome over 226 million air passengers annually by 2019, up 30 percent from last year, according to official revised figures released on Feb. 20.