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Tuesday, September 13 2011 , Your time is 15:58:00
Eight consortia, including four German giants, participated in the Turkish Energy Ministry’s 1,000 megawatts (MW) wind power project tender on July 27
Prime Minister Binali Yıldırım has assured German companies in Turkey that his government will not allow tension between Ankara and Berlin to harm their interests in the country
The Central Bank kept its main interest rates steady on July 27, in line with market expectations, noting that it would maintain its tight monetary policy until the inflation outlook improves significantly.
Tour operator Thomas Cook has said there is a continued recovery for bookings to Turkey and the resurgence in Turkey had not been affected by increased tensions with Germany.
A tender for a transportation project which includes a monorail (havaray) system between the Sefaköy and Halkalı districts on Istanbul’s European side was canceled due to authorities’ need to revise the project, the company which won the tender announced late on July 26.
The Federal Reserve kept interest rates unchanged on July 26 and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the U.S. economy.
House sales in Turkey saw a decline in June, although sales to foreigners soared by roughly 25 percent, official data showed on July 24
Greece is seeing “the light at the end of austerity”, the EU’s economy commissioner Pierre Moscovici said on July 24, calling the reforms imposed on Athens by its creditors perhaps “too tough” but “necessary.”
The International Monetary Fund (IMF) has hailed Turkey’s 2017 economic growth thanks to a strong recovery in the country’s exports in its updated World Economic Outlook
Three Turkish defense firms took their place this year in a prestigious list of the world’s top 100 defense firms, with two climbing up the rankings and the third making its debut.
Turkey’s clothing sector, a main driver of its foreign sales, may miss this year’s export target if a row with Germany is not resolved, a leading manufacturer said on July 25.
The European Central Bank left its ultra easy monetary policy stance unchanged as expected on July 20, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.
Turkish banking sector is regulated and monitored more favorable than emerging economies, but it is still reliant on short-term external debt, according to global rating agency Standard and Poor’s.
The vast majority of Syrians in Turkey are employed in unregistered work for significantly lower wages compared to their Turkish counterparts, a new survey has shown.
A deadline of July 13 has been set for both employers and employees to submit the final text of their proposal for a severance payment, Labor Minister Mehmet Müezzinoğlu said on July 5.
U.S. job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation.
OPEC leader Saudi Arabia said on July 24 the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs.
Turkey’s Zorlu Energy has signed a memorandum of understanding (MoU) with Palestine’s electricity distribution company JDECO for the construction and operation of solar power plants to provide electricity to Palestine, the company announced on July 19.
Britain will ban the sale of new petrol and diesel-powered cars from 2040 as part of a plan to get them off the roads altogether 10 years later, environment minister Michael Gove said on July 26.
More than 750,000 Ukrainian tourists are expected to travel to the Mediterranean resort province of Antalya this year as the number of visitors from the country continued to soar in the first half of the year, the province’s local governor has stated.
Spain’s tourism sector is poised for another bumper summer season as security concerns continue to lure visitors away from rival destinations to its cities and beaches, industry lobby group Exceltur said on July 13.
German tour operators are voicing strong demand for Turkey this summer, despite political disagreements between Berlin and Ankara.