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Tuesday, September 13 2011 , Your time is 15:58:00
The number of Russian tourists visiting Turkey soared 81.5 percent in January compared to the same month of 2016, although foreign arrivals to the country continued to decline, official data has showed.
Turkish Aerospace Industries (TAI) has signed a cooperation agreement with Sikorsky, which is part of Lockheed Martin, to make various helicopter components, it said in a statement on Feb. 28, Anadolu Agency has reported.
Turkcell, Turkey’s biggest mobile operator, and Vodafone, one of top three mobile operators active in Turkey, were honored for their humanitarian work in supporting Syrian refugees at a major sector conference late on Feb. 26.
Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Feb. 28.
The U.S.-based Procter and Gamble (P&G) has made its 250 million-Turkish lira ($70 million) investment in the northwestern province of Kocaeli’s Gebze district online and signaled new investments, as reported by Reuters on Feb. 28.
Hotels in Istanbul experienced the biggest decline in both revenue per available room (RevPAR) and average daily rate (ADR), a measure of the average rate paid for rooms sold, among all European destinations in January, as the city’s hotel occupancy rates continued to decline, fresh data showed.
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.
Confidence in Turkey’s economy rebounded in February after a two-month dip, the Turkish Statistical Institute (TÜİK) reported on Feb. 27.
Uzbekistan hopes to cooperate with Turkish businesspeople in the petrochemicals industry, said a top Uzbek official in a joint meeting in Istanbul on Feb. 27.
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.
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.
The Turkish Lira appreciated against the U.S. dollar early on Feb. 23 amid hints from the Federal Reserve pointing to rate hikes as soon as March.
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.
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.
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.
Turkey may become an energy exporter in a decade’s time, Turkish Energy Minister Berat Albayrak has said.
Turkish consumers believe high prices and the dependence on foreign sources are the two most important problems in the energy sector, a poll has revealed. ‘The Turkish public’s most preferred energy source is natural gas, and it is sensitive to energy supply security,’ says Professor Volkan Ediger
A new campaign urging Turks living abroad to spend vacations and hold weddings in Turkey will kick off in Germany next month, the Turkish Culture and Tourism Ministry said Feb. 25, state-run Anadolu Agency has reported.
Turkey’s tourist industry is set for a rebound in 2017 following difficult times in 2016, according to the general manager of SunExpress, a joint venture of Lufthansa and Turkish Airlines.