Important News

The Task of Preparing the Budget Is Assigned to the Ministry of Treasury and Finance

Budget   Development Plans & Goverment Programs


According to the Presidential Decree published in the Official Gazette, the duties and authorities for preparation of the central budget has been assigned from the President's Office to the Ministry of Treasury and Finance until the completion of the organization of the Department of Strategy and Budget....

Treasury and Finance Minister Albayrak, “The Medium Term Program Will Be Prepared Focusing on Reducing the Inflation Rate”



“We carry on with the consultancy meetings with all stakeholders in the field of economy as the Ministry of Treasury and Finance to prepare the Medium Term Program. We have come together with business people and the representatives of non-governmental organizations in the business world today and listened to the opinions of participants. A framework focusing on reducing the inflation rate will be set forth by means of the new medium term plan which will be disclosed”…

The BRICS Summit Is Held on July 25 to 27

Conferances   Research


President Erdoğan will attend the Summit as the "Term President of the Summit of the Organization of Islamic Cooperation"...

China's Silk Road Fund to Make Investment on ACWA Power's Solar Power Plant

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


It is announced that China's Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (“CSP”) project in the United Arab Emirates.

G20 Communique

Reports   Research   Other News


G20 Communique: "Short and medium term risks increased. For reducing the risks, dialogue should be increased and confidence has to be built up" IMF President Lagarde: "In the short term, increasing risks are trade tensions, financial pressures in vulnerable economies and return of sovereign risks in some parts of Euro Zone. In countries with excess current account deficits, procyclical fiscal policies have to be avoided".

TurkStream Project

Natural Gas   Intergovernmental


TurkStream Offshore Natural Gas Pipeline costal crossing works at Kıyıköy shore started as of 22 July 2018.

ABB Purchased GE Industrial Solutions

Company News


ABB CEO Spiesshofer, "This merger strengthened ABB’s world leader position in the field of electrification, enhanced our growth and competition capacity in key markets particularly like North America." Head of ABB Electrification Products Tarak Mehta, "Product portfolio of GE Industrial Solutions and ABB is comprehensive. Together we will create a more comprehensive and united portfolio. Altogether we will strengthen ABB’s position as the second in the world in the field of electrification".

"Economic Partnership Agreement and Strategic Partnership Agreement" Signed Between EU and Japan

Agreements   Abroad


Within the coverage of agreement of note recently as the most comprehensive bilateral commercial agreement, major part of custom taxes paid mutually by the companies will be abolished; parties involved will take products having “geographical sign” of each other under protection; Access will be expanded of companies to markets in the fields of agriculture, financial services, electronic trade, communication and transportation and their participation in public tenders will be secured.

Siemens Gamesa Signs an Agreement with EMS Electronics on Wind Turbine Generators

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


Siemens Gamesa Renewable Energy Turkey’s CEO Yıldırım: “Generators at these dimensions which will be used in wind turbines for the first time in Turkey have been manufactured locally at a rate of over 55 percent. These generators will be used at a power plant of 10 turbines which we will install before the Renewable Energy Resource Fields (YEKA) project. But the same type, maybe a larger type will also be used for YEKA.”

Yapı Kredi Secured 25 Million Euro Source for Renewable Energy Projects

Company News


Yapı Kredi CEO Erün, "Renewable Energy projects constitute major part of Bank project financing portfolio. We will transfer 10 year term 25 million Euro financing secured under the Proparco cooperation without guarantee, to projects focused on most efficiently using of renewable energy sources.”

Turkey's Net International Investment Position Deficit is USD 431.1 Billion

Macro Indicators


As of end-April 2018, the foreign assets of Turkey increased 0.5% to reach USD 234 billion foreign obligations decreased 3.8% to be USD 665.2 billion. Thus, Turkey's net international investment position deficit has been USD 431.1 billion

Appointments to EMRA Board Member Positions

Other News   General


Ahmet Çağrı Çiçek, Erdoğan Tozan and Hayrettin Kurt have been appointed to 3 vacant Board Member positions at EMRA…

Annual Report