Important News
Turkey's Net International Investment Position Deficit is USD 431.1 Billion
Macro Indicators
6/20/2018
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
6/20/2018
Ahmet Çağrı Çiçek, Erdoğan Tozan and Hayrettin Kurt have been appointed to 3 vacant Board Member positions at EMRA…
TL 2.7 Billion Budget Surplus Reported in May
Macro Indicators Budget
6/18/2018
Budget revenue in May was TL 70 billion with a 21.8 percent increase compared to the same month of the previous year. The non-interest budget expenditures reached TL 67.3 billion with 31.7 percent increase. The budget had reported a TL 20.5 billion deficit January to May
Short-Term External Debt Stock of Turkey as of the End of April 2018 Is $125.5 Billion
Loans Macro Indicators
6/18/2018
The majority of public short-term debt is made up of the liabilities of the public banks, and reached $27.8 billion with 12.1 percent increase in 4 months compared to the year-end 2017, while the short-term external debt of the private sector reached $100.7 billion with a 5.2 percent increase
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.”
Private Sector’s Credit Debt Secured From Abroad is USD 245.2 Billion As of End-April
Loans Other News Macro Indicators
6/13/2018
As of end-April, Private Sector’s long term credit debt increased USD 3.6 billion to reach USD 225.1 billion, short term debts increased USD 1.8 billion to reach USD 20.1 billion
The Current Deficit Has Reached $5.4 Billion in April
Macro Indicators
6/11/2018
The current deficit has reached $1,706 billion with a $5,426-billion increase compared to April last year. This has raised the 12-month current accounts deficit to $57,073 billion
Important Statements by GENSED Chairman
Speeches Other Renewables
6/6/2018
GENSED Chairman Demirdağ: "The support that will be provided for solar energy technologies will contribute to solving the problem of current deficit, which is the weakest link of our economy, and help enhance our national energy policies"...
Trans-Anatolian Natural Gas Pipeline (TANAP) Project
Natural Gas Intergovernmental Natural GasTransmission
6/1/2018
TANAP General Director Saltuk Düzyol: "A ceremony much larger than the ground breaking ceremony will be held with a wider attendance. The contract with Azerbaijan is reasonable for BOTAŞ. It is likely to reduce the prices."
Mergers and Acquisitions in Energy Industry
Company News General
5/31/2018
It is reported that Bilgin Enerji has agreed to acquire OMV Samsun Elektrik Üretim Sanayi ve Ticaret A.Ş...
Tekfen İnşaat Signed Strategic Cooperation Agreement in Azerbaijan
Abroad Company News
5/31/2018
Tekfen İnşaat has signed a letter of intention with Azerbaijan Ministry of Energy on "Strategic Cooperation in Terms of Developing Renewable Energy Projects."
Southern Gas Corridor Opens
Natural Gas Intergovernmental
5/30/2018
President of Azerbaijan Aliyev: “We have confirmed reserves of 2.6 trillion. We want to sell more natural gas to Europe. The Southern Gas Corridor is the line which has re-shaped the energy map of Europe. The benefits of all stakeholders have been protected in this project.” President of the Republic Erdoğan, “The steps we have taken together have played a major role in the rapid and smooth completion of this historical project. We will realize the opening of TANAP on June 12.”
Borusan EnBW Selects the Turbines for WPP Projects
Company News Renewables (HEPP, Wind, Solar, Biofuel)
5/30/2018
Borusan Holding’s CEO Agah Uğur, “The total investment amount of the two WPP projects for which we have realized the tender for the turbines of the wind power plants is US$ 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."
EÜAŞ, Flue Gas Desulphurization System Installation Works at the Units of 18 Mart Çan Thermal Power Plant
Coal Company News Machinery Equipment
5/3/2018
Doosan Lentjes will apply its proven wet limestone FGD system
In April Annual Inflation is 10.85 Percent
Macro Indicators
5/3/2018
CPI increased 1.87 percent in April 2018 compared to previous month, 4.69 percent compared to December last year, 10.85 percent compared to the same month of previous year and 11.06 percent on the basis of twelve month averages
Garanti Bank Secures Syndicated Loans Amounting to € 1.2 Billion
Loans Company News
5/3/2018
Syndicated loans consist of three credit tranches of $ 457 million, € 670.5 million and $ 145 million
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
Annual Report
