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Important News

TÜİK Has Announced the Unemployment Rate for March 2018

Macro Indicators

6/18/2018

Unemployment rate has declined to 10.1 percent. The amount of the unemployed decreased by 432,000 in March, compared to the same period of the previous year, reaching 4.21 million people

Tekfen Holding Buys Gama Endüstri Shares at Gate İnşaat

Abroad   Company News

6/18/2018

Tekfen İnşaat has purchased for $21.5 billion the Gama Endüstri Shares at Gate İnşaat which they established in Kazakhstan by 50-percent partnership in 2002...

Disclosures Made by Deputy Prime Minister Mehmet Şimşek on the Economy

Speeches

6/14/2018

“There are certain ongoing drawbacks; there is no country without problems, we will focus on the current account deficit and the inflation rate and will reduce the percentages. There has been considerable recovery in tourism. The recovery in the income levels of neighboring countries in particular in line with an increase in oil prices has made significant contribution both to the contracting sector and the tourism sector in Turkey besides exports”…

Trans Anatolian Natural Gas Pipeline (TANAP) Project (I)

Natural Gas   Intergovernmental

6/13/2018

President of the Republic Erdoğan: “We are opening Trans Anatolian Natural Gas Pipeline which is the backbone of the southern gas corridor and which we define as the silk road of energy. TANAP is also an indicator of multilateral cooperation. TANAP will start off with 16 billion cubic meters of natural gas per annum. 6 billion is being transmitted to Turkey and 10 billion to Europe. Turkey has taken another step in becoming a hub with critical role at each ring of the chain extending to ultimate consumers from the producer instead of being a transit country.” Azerbaijan’s President Aliyev: “TAP project will also be completed in two years besides TANAP. The southern gas corridor necessitating an investment of $ 40 billion and which is the most extensive infrastructure project of Europe will thus be put into life. Rich gas resources of Azerbaijan will reach the Turkish and European markets in a rapid and reliable manner. Southern Gas Corridor is an energy security project.”

Mergers and Acquisitions in Energy Industry

Company News   General

5/31/2018

It is reported that Bilgin Enerji has agreed to acquire OMV Samsun Elektrik Üretim Sanayi ve Ticaret A.Ş...

Tekfen İnşaat Signed Strategic Cooperation Agreement in Azerbaijan

Abroad   Company News

5/31/2018

Tekfen İnşaat has signed a letter of intention with Azerbaijan Ministry of Energy on "Strategic Cooperation in Terms of Developing Renewable Energy Projects."

Southern Gas Corridor Opens

Natural Gas   Intergovernmental

5/30/2018

President of Azerbaijan Aliyev: “We have confirmed reserves of 2.6 trillion. We want to sell more natural gas to Europe. The Southern Gas Corridor is the line which has re-shaped the energy map of Europe. The benefits of all stakeholders have been protected in this project.” President of the Republic Erdoğan, “The steps we have taken together have played a major role in the rapid and smooth completion of this historical project. We will realize the opening of TANAP on June 12.”

Borusan EnBW Selects the Turbines for WPP Projects

Company News   Renewables (HEPP, Wind, Solar, Biofuel)

5/30/2018

Borusan Holding’s CEO Agah Uğur, “The total investment amount of the two WPP projects for which we have realized the tender for the turbines of the wind power plants is US$ 240 million.” Borusan EnBW Energy General Manager Acarla, “705 MW of our present portfolio of 1172 MW will have started power generation when these two new investments in Çanakkale and Kırklareli are completed. We also wish to put our remaining projects in our portfolio which are being developed, into operation at the soonest.”

Enka Undertakes the Pier Construction Works at Port Umm Qasr in Iraq

Abroad   Company News

5/23/2018

An agreement worth $ 74 million is signed between Enka İnşaat and Aloreen Investment

TÜİK Has Announced the Unemployment Rate for February 2018

Macro Indicators

5/16/2018

Unemployment rate has declined to 10.6 percent. The amount of the unemployed decreased by 546,000, reaching 3,354 million

German Company Thyssenkrupp Establishes a Manufacturing Plant in Turkey

Company News

5/10/2018

Thyssenkrupp Elevator Global Board Member and CFO Ercan Keleş: "We see that the quality of 'domestic and national' recently bears a great significance for Turkey. We believe that our new investment will contribute to this concept." Turgay Şarlı, the General Director of Thyssenkrupp Elevator Turkey: "Our plant will start with a minimum domesticity rate of 54 percent in the beginning, and reach 90 percent next year to increase the rate of domestic production for the escalators used in Turkey."

World High Speed Railway Congress and Fair (I)

Speeches   Conferances   Railways

5/8/2018

Transportation, Maritime Affairs and Communication Minister Ahmet Arslan, "In recent 15 years, we have made total 18.5 billion Euro in railway sector. Of this, 4.7 billion Euro is for high speed railway projects, 715 million Euro is for high speed railway projects. Turkey is the country where the highest railway construction process underway after China. Until 2023, we will make 39 billion Euro investment more in railway sector."

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