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Important News

Tekfen İnşaat Signed Contract for Construction of Natural Gas Pipeline in Russia On USD 310 Million

Abroad   Company News   Natural Gas

12/30/2019

Tekfen İnşaat Director General Mustafa Kopuz, “Tekfen İnşaat has constructed more than 6 thousand km pipeline in extremely different and difficult geographies from scorching deserts to snowy mountains. Now, we are excited to use this experience of us in Russia where we assume a project for the first time after a long interval."

Garanti BBVA Secures Loans Totaling to $ 133 Million in 3 Separate Protocols

Loans   Company News   Other Renewables

12/27/2019

A financial support of $ 20 million will be provided for energy efficiency and renewable energy projects…

An Acquisition of $ 100 Million in Azerbaijan by Tekfen Holding

Abroad   Company News

12/13/2019

Tekfen Holding’s Chairman of the Board Murat Gigin: “We are opening another page (in our activities in Azerbaijan) acquiring a partnership of 10 percent in a production plant with our industrialist identity upon the signature we made here. This initiative will have the status of being a valuable preparatory stage for our Mersin Polypropylene plant with an annual capacity of 500,000 tons of which we are about to finalize the EIA process and preliminary feasibility studies regarding the investment in Turkey while enhancing our capacity to play a better role in new investments in the country”…

Akkuyu Nuclear Power Plant Project

Intergovernmental   Nuclear

12/9/2019

"Electricity Transmission System Connection" agreement has been signed between Akkuyu Nuclear AŞ and Turkey Electricity Transmission Corporation (TEİAŞ)... Akkuyu Nuclear Director General Anastasia Zoteeva, "It goes without saying that signing this agreement can be considered as one of the most important stages of Akkuyu NGS project"...

ENKA Will Construct 112 Kilometers of Motorways in Serbia

Abroad   Highways   Company News

12/6/2019

ENKA-Bechtel JV has signed an agreement with the Serbian Government worth € 745 million for the design and construction works of Morava Corridor Motorway… President and Chairman of the Executive Committee of ENKA Mehmet Tara: “We will realize the Serbia project as the eighth project within the scope of works extending to 1000 km only in the Balkans. Innovation, engineering perfection, quality, health, safety and environmental principles which have been the guidelines of ENKA since its foundation are all behind this project”…

TÜSİAD Higher Advisory Council Meeting Held

Speeches   Conferances   Research

12/4/2019

TÜSİAD Chairman Simone Kaslowski: "Talking about a balancing in our economy, we should be aware of the fact that the ratio of our external debt to our gross domestic product is all-time-high 62%." TÜSİAD Higher Advisory Council Chairman Tuncay Özilhan: "Turkey is not rich in resources. We are not rich in natural resources, capital or skilled labor. For this reason, we should avoid spending scarce resources irresponsibly. We should use them most efficiently. We should leave every task to competent people. Spending should be transparent so that nobody can doubt that the money is used correctly and fairly. "...

$730-million Resource from International Banks to VakıfBank

Loans   Agreements

11/28/2019

VakıfBank has obtained $580 million of syndication loan including $239.5 million and €309.3 million. -It adds up to $730 million when the $150 million collected under project-guaranteed funding is included...

Debates on the 2020 Budget of the Ministry of Treasury and Finance at the Planning and Budget Commission (I)

Speeches   Parliament   Budget

11/27/2019

Treasury and Finance Minister Albayrak: “Structural changes will be put into life next year enhancing the coordination between fiscal and monetary policies continuing decisively to fiscal discipline aiming to utilize public funds and resources in a more efficient and prudent manner by constituting sustainable and lasting income resources – We will constitute a fiscal space eliminating unproductive expenditures – We will carry on with alternative models including public offerings in privatization practices”…

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