Important News

TÜİK Has Announced the Unemployment Rate for February 2018

Macro Indicators


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


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


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."

EÜAŞ, Flue Gas Desulphurization System Installation Works at the Units of 18 Mart Çan Thermal Power Plant

Coal   Company News   Machinery Equipment


Doosan Lentjes will apply its proven wet limestone FGD system

The European Commissioner in Charge of Transport, Violeta Bulc, Visits Turkey

Airports   International Relations


Bulc is expected to have a meeting with Prime Minister Binali Yıldırım, Minister of the Interior Süleyman Soylu, and Minister of Transport Ahmet Arslan Bulc: "My second visit to Turkey in less than a year is another confirmation of our efforts with the strategic partner of the EU. Turkey is turning into a leading country in global aviation industry with the third airport in İstanbul, which is striking for its fast construction process. The EU Aviation Agreement will enable Turkey to join a larger joint field of aviation in Europe. This agreement may provide a revenue up to €5 billion."

IRENEC 2018, Renewable Energy Conference

Conferances   Research   General


The conference where Renewable Energy will be taken up with all aspects will be organized in Istanbul between the dates of May 7 and 9, 2018…

Short-Term External Debt Stock as of the End of February Reached $123 Billion

Macro Indicators


The short-term external debt stock increased by 5% in 2 months compared to the year-end 2017. The majority of public short-term debt is made up of public banks, and reached $24.5 billion with a 11.5% increase compared to the year-end 2017, while the short-term external debt of the private sector reached $98.2 billion with a 3.5% increase

Total Debts of the Private Sector for Credits Provided from Abroad Reached $ 247 Billion as of the End of February 2018



Credit debts of the private sector displayed an increase of $ 8.1 billion in 2 months since the beginning of the year. Long term debts reached $ 227.9 billion as of the end of February and short term debts to $ 19 billion. Taking a look at the distribution of long term debts in terms of countries, it is observed that European countries rank the first with an amount of $ 116 billion, followed by Asian countries with $ 40.7 billion and USA with $ 27 billion

Ziraat Bank Secured USD 1.4 Billion Syndication Credit

Company News   International Relations   Other News


Ziraat Bank Deputy Director General Kuru, "This borrowing has been the highest amount syndication credit secured by a Turkish bank at one time. Total cost of credit of USD 452 million and 797 million euro, has been for one year term Dollar LIBOR+130 base point and for Euro EURIBOR+120 base point."

IMF’s World Economic Outlook Report

Reports   Abroad   Research


"Demographic structure of developed countries has been the most important element affecting the participation to work power. Immigration policies have to be regulated so as to support labor supply. Labor force income disparity originates from income imbalance among all sectors. Policies inclusive of all sectors have to be pursued. Globalization maintains the dispersing of technology and growth among countries."

A Technical Cooperation Protocol Has Been Signed between Alstom Turkey and Istanbul Technical University (İTÜ)

Company News


An agreement is signed on April 3, 2018 before Rector of İTÜ Karaca, Alstom’s Managing Director for Turkey Arban Çitak and Mama Sougoufara, Alstom Group’s Deputy President of Infrastructure for Middle East and Africa

Annual Inflation in March is 10.23%

Macro Indicators


CPI increased 0.99% in March 2018 compared to previous month, 2.77% compare to December of previous year, 10.23% compare to same month of previous year and 11.14% on 12 month averages

A Notification on Amending the General Communiqué on Public Procurement Practices Has Been Published



The administration will have to take necessary measures in case an application is made to the administration on the implementation of the provisions of an agreement by candidates or applicants from contracting party countries in international agreements

The Growing Foreign Trade Deficit of Turkey Reached $5.76 Billion in February

Macro Indicators


The Foreign Trade Deficit of Turkey in reached $5.761 billion with a 54.2% increase in February 2018. Thus the rate of exports meeting imports declined to 69%. While the exports to the EU increased by 23.4% in the same period, the most exports were made to Germany with $1,359 billion. The most imports were made from China with $1,863 billion of imports

Turkey Grew by 7.4% in 2017

Macro Indicators


Share of household consumption spending in GDP has been 59.1%, Share of State in final consumption expenditures 14.5%. Share of fixed capital formation has been 29.8% Deputy Prime Minister Şimşek, "In 2017, growth has been realized on domestic demand basis, net foreign demand has limited positive contribution on growth. Annual 11.7% real increase of machinery-equipment investments in the second half of year, supports the growth Outlook in the forthcoming period."

Yapı Merkezi Chairman Başar Arıoğlu "We Will Achieve Traffic Guarantee for the Eurasia Tunnel by the End of the Year"

Highways   Company News   Build-Operate-Transfer (BOT)


Yapı Merkezi General Director Özge Arıoğlu: "Yapı Merkezi İnşaat ve Sanayi A.Ş. ranks ninth among the rail transport systems in a study conducted by the American ENR Magazine to determine the world's top 250 international contracting companies. We are among the top 100 globally"...

Akbank Takes Out $1.2 Billion of Syndication Loan



Akbank General Director Binbaşgil: "We are proud to conduct the transactions that reveal the increasing interest of foreigners in the Turkish banking industry. The demand we have collected has reached $1.5 billion, surpassing 130 percent of the amount that we aimed."

TCDD, Ankara-Sivas High Speed Train Project

Railways   Civil Works


The initial railing ceremony for the line has been held with the participation of Transportation, Maritime Affairs and Communication Minister Ahmet Arslan Minister Arslan: “We will put Ankara-Kırıkkale-Yozgat-Sivas line into service in 2019.”

ECB President Draghi, "European Economy Growing on a Permanent Speed Based on Consumption"



European Central Bank (ECB) President Draghi has warned EU leaders on loosening protectionism and financial regulations and against increasing the expenditures

KGM, Kınalı-Tekirdağ-Çanakkale-Savaştepe Motorway Project (II)

Highways   Company News   Build-Operate-Transfer (BOT)


Çanakkale Köprüsü ve Otoyolu Yatırım ve İşletme A.Ş. Chairwoman Ebru Özdemir: "The motorway toll will be €15 + VAT for automobiles. A state guarantee is in place for 45,000 vehicles per day." Yapı Merkezi Chairman Başar Arıoğlu: "The motorways will reduce the travel time between İstanbul and Çanakkale to 2.5 hours. According to our analyses, the Bridge will contribute €16 billion to the economy in 15 years."

Annual Report