Turkey’s domestic car project to provide employment for 20 thousand people

Mr. Gürcan KARAKAS, CEO of TOGG (Turkey’s Automobile Enterprise Group) has made a statement saying the domestic car project is forecasted to make a contribution of euros 50 billion to GDP in 15 years. On the other hand same project is expected to reduce the current account deficit by euros 7 billion. Mr. KARAKAS also noted that thanks to the project More...

by BTT | Published 2 days ago
By BTT On Saturday, March 16th, 2019
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Prominent tourist destination Kuşadası expects to welcome 195 cruise ships in 2019

KUŞADASI which is one of the most popular tourist destinations of Turkey is reported to have hosted 145 cruise ships in 2018.  The town is looking forward to receiving 195 ships with more than 170 thousand tourists More...

By BTT On Thursday, March 14th, 2019
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What are the expectations of Turkey’s construction sector from 2019

It is clear that Turkey’s construction sector is not going through its best times, currently. The companies are reported to be facing substantial loss of revenues meaning less sales and the danger of closing More...

Foreign Direct Investment Inflows to Turkey increase substantially in 2018
By BTT On Friday, March 8th, 2019
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Foreign Direct Investment Inflows to Turkey increase substantially in 2018

Despite fluctuations in Turkish lira as well as economy Turkey enjoyed a considerable increase in FDI (Foreign Direct Investment) inflow in 2018. Concerned figure totaled up to US$ 13.2 billion corresponding to More...

By BTT On Sunday, February 17th, 2019
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Minister says number of technoparks in Turkey has reached 81 in 54 cities

Turkey is well aware it needs to make a move in technology to ensure a healthy and well balanced economy in the future and started taking necessary steps a while ago. Within this framework the administration has More...

Energy Minister says Turkey has a good team to make important moves regarding boron
By BTT On Saturday, February 16th, 2019
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Treasury Finance Minister says relief in economy will be felt strongly in April

Turkey’s Treasury Finance Minister ALBAYRAK participated in a meeting under the title “Step-by-Step Economy – Izmir Business World Meeting” and held in Izmir as part of his program in said city. The More...

Turkey attracts US$ 13.2 billion foreign direct investment in 2018
By BTT On Thursday, February 14th, 2019
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Turkey attracts US$ 13.2 billion foreign direct investment in 2018

Despite all economic difficulties in and fluctuations of local currency Turkey experienced in 2018, a total of US$ 13.2 billion foreign direct investment came to the country last year. Based on official report More...

Turkey scheduled to put RIZE-ARTVIN Airport into operation in October 2020.
By BTT On Saturday, February 9th, 2019
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Turkey scheduled to put Rize-Artvin Airport into operation in October 2020.

Turkey is currently building another airport in Rize, a town along the eastern Black Sea coast and it has been announced that approximately 22 percent of the construction has been completed of the new airport that More...

By BTT On Thursday, February 7th, 2019
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FORD Otomotiv ranks top of the list among largest exporters of Turkey in 2018

Uludağ Automotive Industry Exporters’ Association (OİB) has announced champion exporters of 2018 in the sector. Based on the data provided by OIB FORD Otomotiv has ranked number one on the list among companies More...

Turkey’s automotive sector disappointed with sales in January 2019
By BTT On Wednesday, February 6th, 2019
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Turkey’s automotive sector disappointed with sales in January 2019

To parallel the difficulties Turkey’s economy has been going through for a while, automotive sales in the domestic market have dropped down to critical levels to cause serious concern in the sector. In fact, More...