Important News
EÜAŞ’s 18 March Çan Thermal Power Plant Units Flue Gas Desulphurization Facility Project
Thermal Company News
4/20/2018
Doosan Lentjes will apply its proven wet limestone FGD system
Chief Financial Officers Summit (CFO Summit) to be Held in İstanbul in May 2018
Conferances Research
4/19/2018
The Summit will be held in Hilton Istanbul Bomonti Hotel on Tuesday, May 15
The European Commissioner in Charge of Transport, Violeta Bulc, Visits Turkey
Airports International Relations
4/19/2018
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
4/19/2018
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
4/17/2018
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
Loans
4/17/2018
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
Turkish Statistical Institute (TÜİK) Disclosed the Unemployment Figures for the Month of January 2018
Macro Indicators
4/16/2018
The unemployment rate is recorded as 10.8 percent - The number of unemployed people realized as 3 million 409 thousand in January decreasing by 576,000 people compared to the same period last year…
OMV Increased Paid In Capital of OMV Samsun Electricity A.Ş. to TL 2.5 Billion
Company News Natural Gas
4/12/2018
OMV Samsun Electricity Director General Öztürkmen, "Increase in electricity demand will continue in parallel to economic growth. In next ten years, electricity consumption expected to grow by about 4% each year."
The Current Account Deficit Realized as $ 4 Billion 152 Million in February
Macro Indicators
4/11/2018
The current account deficit having increased by $ 1.6 billion compared to February last year reached $ 4 billion 152 million in February. The 12-month current account deficit has thus reached $ 53.3 billion as of February 2018
IMF, Global Financial Stability Report
Reports Abroad
4/11/2018
“Credits allocated to firms display an increase when financial conditions are looser. Loose financial conditions result with the allocation of riskier credits. An increase in the riskiness of credit allocation signals heightened downside risks to GDP growth and a higher probability of banking crises.“
Ziraat Bank Secured USD 1.4 Billion Syndication Credit
Company News International Relations Other News
4/10/2018
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
4/10/2018
"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
4/9/2018
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
4/3/2018
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
Legislation
4/2/2018
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
3/30/2018
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
3/29/2018
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)
3/28/2018
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
Loans
3/28/2018
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
3/26/2018
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"
Abroad
3/23/2018
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)
3/21/2018
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."
KGM’s Kınalı-Tekirdağ-Çanakkale-Savaştepe Motorway Project
Highways Build-Operate-Transfer (BOT)
3/19/2018
In his speech delivered at the Tower Foundation Laying ceremony of Çanakkale Bridge, President Erdoğan said "According to the contract, completion date of Çanakkale Bridge was end-2023. Through discussions we planned to open the bridge 18 months earlier than planned, on March 18, 2022."
Yapı Merkezi Lays the Foundation of Morogora-Makutupora High-Speed Train Line
Abroad Company News Railways
3/15/2018
Yapı Merkezi lays the foundation of Morogora-Makutupora high-speed train line in Tanzania in a $1.9 billion deal
Long Term Credit Debt of Private Sector From Abroad Reached USD 225.7 Billion as of January 2018
Loans
3/15/2018
Private Sector’s long term foreign credit debt increased USD 5 billion to reach USD 225.7 billion, short term foreign credit debt increased USD 506 million to reach USD 18.9 billion
Contractors Delegation Meets Japan Contractors
Abroad Company News
3/15/2018
TMB Acting President Burak Talu, "In Africa, China may be left out of Works. It is just right time to put in together with Japan. Both sides have motivation to cooperate. There are lots of work in countries like Indonesia, Malaysia and Vietnam but we are not there. We can go together with Japan to these regions. JICA and JBIC will extend support to various projects throughout the world to cost USD 200 billion."
Turkish Statistical Institute (TÜİK) Disclosed the Unemployment Figures for the Month of December 2017
Macro Indicators
3/15/2018
The unemployment rate realized at a level of 10.4 percent displaying a decrease of 2.3 percent compared to the same period of the previous year
SOCAR’s Star Refinery Project (II)
Petrochemical Company News
3/8/2018
STAR Refinery Director General İlter, "We plan to deliver first product with to tankers in the last week of September. First crude oil ship will arrive at STAR Refinery in June for realizing this goal."
5th International Nuclear Power Plants Summit (I)
Conferances Nuclear
3/7/2018
Akkuyu Nükleer A.Ş. Deputy General Director in Charge of Operations: "90 percent of the construction and 50 percent of the installations will be performed by Turkish companies according to the early estimates." Makoto Kanda, Chairman of Sinop Nuclear Power Company: "A culture of security has been our top priority for Sinop since the very beginning." The Association of Nuclear Engineers (NMD) signed a Cooperation Agreement with the International Korean Nuclear Association (KNA)
UDH Minister Arslan's Noteworthy Statements
Speeches Highways Railways Airports
3/6/2018
Minister Ahmet Arslan, "3 Storey Grand İstanbul Tunnel Project to be tendered on BOT model. It the first rail system project to be tendered on this model". Noting BOT model seems to be compatible with the project for also including a highway crossing, Arslan has said that this would be decided on when engineering works completed. Reporting there is no problem with 3. Airport to be inaugurated on 29 October 2018, Minister Arslan has said that night flights lighting has also been made .
Annual Report
