Turkey trade deficit shrank in Feb.


Exports rose 7.4 percent compared to January, according to new trade ministry data Turkey’s foreign trade deficit in February declined sharply from the previous month, preliminary statistics from the Customs and Trade Ministry showed. Exports in February were worth $12.12 billion, up 7.4 percent from the previous month while imports edged up 1.5 percent to reach $15.82 billion, according to ...

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World Cities Expo Istanbul to address smart cities of the future


As a part of the Big Smart Istanbul project, the Istanbul Metropolitan Municipality (IBB) now readies for an international event to be held on May 15-18 in Istanbul’s Haliç Congress Center. World Cities Expo Istanbul’17 will bring together nearly 3,000 business people and more than 300 international and national members of the press as well as over 10,000 professionals. More ...

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Turkey-Hungary aim to increase trade volume up to $5B


Science, Technology and Industry Minister Faruk Özlü told media members that Turkey and Hungary aim to increase their trade volume up to $5 billion and that the two countries are close to achieving the goal. Speaking at a joint press conference held with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó after the 5th Session of the Turkey-Hungary Joint ...

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Norwegian sovereign wealth fund invests $1B in Turkey in 2016


Norway’s state sovereign wealth fund, which is the world’s largest asset fund at approximately $900 billion, invested around $1 billion in Turkey by the end of 2016. The total value of the fund’s investment in Turkey reached $936 million at the end of December 2016, according to the information that Anadolu Agency compiled from Norges Bank data, which manages the ...

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EU’s security depends on Turkey’s stability


Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto has said the security of the European Union depends on Turkey’s stability. Speaking to Turkey’s state-run Anadolu Agency on the eve of the Turkey-Hungary 5th Joint Economic Commission meeting, Szijjarto said Hungary respects Turkey for housing the refugees. He said Hungary insists the EU pay the agreed bill for the refugees ...

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Turkey may become an energy exporter in next 10 years


Turkey may become an energy exporter in a decade’s time, Turkish Energy Minister Berat Albayrak has said. “Turkey, which spends $50 billion in energy and mineral imports every year, may turn into an energy exporter in the next 10 years,” Albayrak said Feb. 22 in a ceremony in Ankara to mark the 15th anniversary of the founding of sector regulator Energy Market ...

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Turkey’s Sabancı Holding to invest $1.3 bln in 2017


Turkish conglomerate Sabancı Holding has plans to make 4.5 billion Turkish Liras worth ($1.25 billion) of investments in 2017, the group’s CEO said Feb. 24. The holding has plans to invest 4.5 billion liras in Turkey throughout 2017, up 0.4 billion liras ($110 million) or 10 percent from last year, Zafer Kurtul said at a Sabancı Group annual briefing meeting ...

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Turkish scientists start journey for Antarctica base


Scientists will carry out pre-feasibility studies to establish Turkey’s first base in the continent A group of Turkish scientists started their journey from Istanbul to Antarctica  to set up Turkey’s first scientific research base in Antarctica. Before their departure, the director of the Istanbul Technical University Polar Research Center (also known as ITU PolReC) told reporters at Ataturk Airport that ...

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Culture minister highlights Turkey’s food tourism


Food tourism is most popular among Arabs, Culture and Tourism Minister Nabi Avci says Food tourism is big in Turkey because of the country’s rich cuisine that has influences from all over the world, Culture and Tourism Minister Nabi Avci said. In remarks made at Anadolu Agency’s Editors’ Desk in Ankara, Avci said: “Turkey is not only made of sea, ...

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