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Turkey

Sanctions on Iran likely to boost Turkey-Iraq commercial ties

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Tehran : While the implications of the second round of U.S. sanctions against Iran on the regional economy are being discussed, experts said that Turkish goods could dominate the Iraqi market with the decline in imports of Iranian goods due to the sanctions. Turkey-Iraq Business Council Chairman of the Foreign Economic Relations Board (DEİK) Emin Taha noted that Iraq has ... Read More »

Turkey develops new projects to boost economy in Syria’s Afrin

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Turkey continues its efforts to return peace and prosperity to Syria’s northwestern Afrin, which was liberated from Kurdistan Workers’ Party (PKK) terrorists within the scope of Operation Olive Branch in March 2018, by investing in various projects to boost social and economic growth in the region. Turkey has been developing new projects in trade, agriculture and transportation to end long-lasting ... Read More »

Turkey’s new customs gate to Syria becomes operational

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Turkey : A new customs gate along the Turkish-Syrian border was launched, Turkey’s trade minister announced on Nov. 9. “Olive Branch Customs Gate crossing to northwestern Syrian city of Afrin became operational on Nov. 8,” Ruhsar Pekcan said at the parliament’s plan and budget commission. The new customs gate was named after Turkey’s Operation Olive Branch, which was launched on ... Read More »

Turkey, EU should end membership process, commissioner says

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The European Union and Turkey should put an end to the country’s membership bid, according to Johannes Hahn, the EU’s commissioner for enlargement. “In the long term, I think it would be more honest for Turkey and the EU to go new ways and end the accession talks,” Hahn said in an interview with Die Welt. “But the decision is ... Read More »

Tesla Backs Out Of Plan To Open Store In Turkey After Orders Halt

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Tesla has shelved plans to open a store in Turkey after orders for the U.S. company’s electric vehicles have come to a halt following hefty tariff hikes for American imports in Turkey, local newspaper Dünya reports. In May this year, Tesla chief executive Elon Musk said on Twitter, replying to a follower, “Btw, planning to launch Tesla in Turkey later ... Read More »

October exports see highest monthly value in Turkey’s history, hit $15.7B

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Ankara : The increasing trend in Turkish exports continued in October and peaked in terms of monthly value; its highest in the history of the Turkish Republic. Trade Minister Ruhsar Pekcan announced yesterday that Turkish exports in October recorded a 13.1 percent increase compared to the same period last year and reached $15.7 billion. Exports over the last 12 months ... Read More »

Turkey to unveil giant new Istanbul airport

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The airport, one of a number of mega-projects under Erdogan’s rule, was initially scheduled to fully open on Monday but construction has been marred by delays and a workers’ strike over poor conditions. Erdogan has championed the 10.5 billion euro ($12 billion) project in his bid to make Istanbul a global travel hub linking Europe, Asia and Africa and turn ... Read More »

German trade trip aims to heal rift with Turkey

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Turkey : Germany has sent dozens of ministers and businessmen to Turkey, in the biggest sign yet of its determination to overcome a crisis in relations between the two countries. The 80-strong delegation led by Peter Altmaier, German economics minister and a key ally of Chancellor Angela Merkel, is being seen in Turkey as an important show of solidarity when ... Read More »

Turkey, EU to hold ‘political dialogue’ meeting

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Turkey and the European Union will hold a “Political Dialogue” meeting on Oct. 25, Turkish Foreign Ministry said on Wednesday. In a statement, the ministry said that developments in Turkey’s negotiation process with the EU, financial cooperation including pre-accession funds and visa liberalization, customs union, energy, trade, fight against terrorism and migration issues will be on the agenda. “An exchange ... Read More »

German economy minister, businesspeople to visit Turkey on Oct 24

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Germany Economic Affairs and Energy Minister Peter Altmaier will visit Turkey with a large delegation of German businesspeople this week. The visit on Oct. 24 is expected to contribute to the continuation of deep-rooted economic, commercial and friendly relations between Germany and Turkey. During Altmaier’s two-day visit to Turkey, the first round of the Joint Economic and Trade Committee (JETCO) ... Read More »

Turkish energy and defense sectors provide opportunities: Italian ambassador

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Turkey’s energy and defense sectors provide opportunities for investors despite challenging economic conditions, Italian ambassador to Ankara Luigi Mattiolo has said. “Even in a time of fiscal discipline, great opportunities are still present in this country: For instance, in the energy sector, including renewable sources, or in the field of defense, where Italian companies have always played an active role,” ... Read More »

Turkey-U.S. business councils delay annual meeting once again

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A top U.S.-Turkish business conference has been delayed for the second time in six months. The meeting, due to be held next week in partnership between the American-Turkish Council (ATC) and the Turkish-American Business Council (TAIK), has been rescheduled for April, a year after it was originally supposed to be held, according to an e-mail to participants. Last Friday’s decision ... Read More »

Turkey to search Saudi consulate after Erdogan, king talk

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Khashoggi, a Saudi national and US resident who became increasingly critical of powerful Crown Prince Mohammed bin Salman, has not been seen since he walked into the Saudi consulate in Istanbul to sort out marriage paperwork on October 2. Turkish officials have said they believe he was killed — a claim Saudi Arabia refuted — and the controversy has dealt ... Read More »

Turkey to reopen its consulates in Iraq: FM

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ANKARA: Turkish Foreign Minister Mevlut Cavusoglu on Thursday said his country will soon reopen its consulates in the Iraqi cities of Basra in the south and Mosul in the north, which were closed due to security reasons. During his visit to Iraq to meet with newly appointed President Barham Salih and Prime Minister Adel Abdul-Mahdi, Cavusoglu also announced Turkey’s goal ... Read More »

Premier Ngirente in Istanbul for Turkey-Africa Business Forum

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Prime Minister Edouard Ngirente on Wednesday emphasized the need for Turkey and Africa to strengthen existing economic partnerships. He was speaking at the opening of the Turkey-Africa Economic and Business Forum, where he represented President Paul Kagame. Kagame is also the current Chairperson of the African Union. Speaking at the forum, Ngirente reassured Turkish partners of Africa’s commitment to nurturing ... Read More »

Turkey’s business circles invest over $700M in Vietnam

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Turkish business circles with over $700 million investments in Vietnam will take an opportunity to step further, according to head of Turkish Foreign Economic Relations Board (DEIK). Speaking at the opening ceremony of Turkey-Vietnam Business and Investment Forum on Monday, Nail Olpak said DEIK continues its efforts to raise the trade volume between Turkey and Vietnam. “This forum is a ... Read More »

Turkey’s new Radisson Blu a first in Trabzon

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A new Radisson Blu has opened on the Black Sea in Trabzon, Turkey. The 162-room Radisson Blu Hotel, Trabzon is located in Boztepe, bringing Radisson Hotel Group’s portfolio to 21 hotels in the country. “We’re excited to open our first Radisson Blu in Trabzon and grow the presence of Europe’s largest upper-upscale hotel brand on the northeast coastline of Turkey,” ... Read More »

Post prints empty column for Saudi writer missing in Turkey

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The Post’s column in Friday’s edition about writer Jamal Khashoggi bears the headline: “A missing voice.” Separately, the Post’s editorial board called on Saudi Crown Prince Mohammed bin Salman to ensure Khashoggi “is free and able to continue his work.” Khashoggi, who has been living in self-imposed exile in the U.S., has written columns critical of the upstart prince for ... Read More »

High demand for Turkish goods in Iran, business association says

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Turkey: Iranian markets have strong demand for Turkish products due to high quality standards, the Independent Industrialists’ and Businessmen’s Association (MÜSIAD)’s Tehran representative said Wednesday. “Turkish products are very favorable and admirable in Iran. Our goods have made a great name for themselves,” Fatih Çayabatmaz said. “They say, ‘If you want European goods, there are Turkish goods.'” Due to Turkey’s ... Read More »

Turkey Trade Goes Local on Currency to Counter US Attacks

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Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S., Turkey’s foreign minister said . “We are so keen actually to use local currencies in our bilateral trade, not only between Turkey and Venezuela, but also between Turkey and other countries,” Mevlut Cavusoglu told a joint press conference in Caracas with his Venezuelan counterpart ... Read More »