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Business & Economics, Turkey

18.03.2014

Turkish company Starpet, which is one of the largest national oil distributors, is going to construct a specific oil-terminal with a total capacity of 1.9 mln. barrels at Ceyhan. This object will be intended for the oil coming through Kirkuk-Ceyhan oil pipeline from Iraq Kurdistan. At that, as a spokesman of the Turkish company reported, this terminal will be located not far from Botas terminal, and will occupy the area of about 300 hectares.

18.03.2014

More than 1.5 billion dollars has already been invested in the project for the construction of the first Turkish Nuclear Power Plant Akkuyu. It was reported by Sergey Kirienko, the CEO of Rosatom, the state nuclear energy corporation, during his meeting with the Minister of Energy and Natural Resources of Turkey, Taner Yıldız. According to his words, it’s just a beginning, while even larger-volume investments can be expected soon.

23.10.2013

Turkey's economy is much more developed than that of some EU countries, Turkish Deputy Prime Minister Ali Babacan said, Anadolu agency reported today.

According to him, some countries among 28 EU countries do not meet the criteria of this organization.

He also stressed that Turkey has achieved great success in many spheres for the last 11 years.

Deputy Prime Minister added that Ankara intends to continue the reforms in the Turkish economy.

The European Union is not ready to accept Turkey yet, Turkish Deputy Prime Minister Ali Babacan said earlier.

09.10.2013

The Turkish government has revised down its growth expectations for this year to 3.6 percent, a significant acceleration from last year's 2.2 percent gain but well below the 8.8 percent expansion of 2011, which was Europe's best Today`s Zaman reported.

The government earlier targeted growth of 4 percent this year.

Turkish Deputy Prime Minister Ali Babacan told reporters on Tuesday that the government is targeting 3.6 percent of growth while the growth will rise to 4 percent next year and 5 percent growth in both 2015 and 2016.

02.10.2013

Income to the Turkish economy from the Trans-Anatolian gas pipeline project (TANAP) will amount to $4 billion, Turkish Energy and Natural Resources Minister Taner Yildiz said, Sabah newspaper reported on Wednesday.

According to him, the construction of TANAP will commence in 2014.

The minister added that the project will contribute to the development of 19 cities of the country.

A total of 1.8 million tons of steel pipes will be laid for the realisation of the project of construction of the gas pipeline through Turkey's territory.

05.09.2013

Thanks to the transport and energy projects jointly implemented by Turkey, Azerbaijan and Georgia, the Caspian Sea region will gain a strategic significance in the world, Turkish president Abdullah Gul said at the international forum dedicated to transport and communication held in Istanbul on Thursday, TRT Haber reported.

According to the Turkish president, the Baku-Tbilisi-Kars railway project contributes to the creation of a single transport corridor from Beijing to London.

02.09.2013

Turkey intends buying a share in the Trans Adriatic Pipeline (TAP) project using state pipeline company Botas or another company, Turkish Minister of Energy and Natural Resources Taner Yildiz said, Sabah newspaper reported on Monday.

"Earlier TAP Consortium proposed to Botas 15-percent share in the project. Now we intend to consider the proposal again,' the minister said.

According to him, at the same time another gas pipeline project Nabucco did not lose its significance as well and Turkey is still considering its implementation.

06.08.2013

The Turkish Asia Denizcilik Company and Özata shipyard transferred a new ship to Azerbaijan yesterday, Cihan news agency reported on Tuesday.

The passenger ship was built at the request of the Azerbaijani side.

The ship named Mirvari, has a maximum capacity of 650 passengers. It is reported that the vessel was under construction during this year.

The official ceremony of the ship's transfer took place in the Turkish city of Yalova.

05.08.2013

The State Bank for Foreign Economic Activities of Turkmenistan will enter into a contract as the general contractor with Turkish company Şahin Inşaat Gida Tekstil ve Otomotiw Sanaýi ve Tijaret Limited Şirketi for the construction of an upscale hotel, according to a decree of President Gurbanguly Berdimuhamedov.

05.06.2013

The next meeting of the Turkish-Azerbaijani joint commission for international road transport will be held in the Turkish capital of Ankara on June 6, the Azerbaijani Ministry of Transport said on Wednesday.

According to the report, representatives of the Ministry of Transport and the relevant ministerial departments will attend the meeting from the Azerbaijani side.

It is planned to discuss the issues of international road transport of mutual interest to both countries.