Industry

Erdogan: Turkish industries operated during pandemic

June 27, 2020

Turkish industries have continued production to a large extent even during the pandemic, President Recep Tayyip Erdogan said on Saturday.   Speaking during the launch ceremony of an environmental project via video link, Erdogan said: “Our industries continued production to a large extent, even during the pandemic. I believe in the next phase, we can […]

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Turkish Central Bank reserves reach $90.9B in May

June 26, 2020

The Turkish Central Bank on Wednesday announced its official reserves totaled $90.9 billion as of the end of May.   Total reserve assets soared 5.3% this May, versus $86.3 billion in April, the bank’s international reserves and foreign currency liquidity report showed.   Foreign currency reserves – in convertible foreign currencies – totaled some $52.8 […]

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Turkey’s Borsa Istanbul up 0.86% at open

June 26, 2020

Turkey’s benchmark stock index started Friday at 115,117.06 points, up 0.86%, or 978.11 points.   At Thursday’s close, Borsa Istanbul’s BIST 100 index was down 0.27% at 114,138.95 points with a daily trading volume of 17.8 billion Turkish liras ($2.6 billion).   The US dollar/Turkish lira exchange rate stood at 6.8560 as of 9.30 a.m. […]

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EU approves Turkish firms’ tech projects

June 26, 2020

The EU Commission is giving backing to a number of Turkish firms’ tech-related projects, said the Scientific and Technological Research Council of Turkey (TUBITAK) on Friday.   The commission will grant a total of €4.4 million ($4.94 million) to Turkish companies with projects in the fields of nanotechnology, advanced materials, biotechnology, advanced manufacturing, and processing […]

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Turkey grants $5M support to Palestine amid pandemic

June 26, 2020

Turkey has granted $5 million to Palestine to fight the novel coronavirus outbreak, according to a ruling published in the Official Gazette on Friday.   The agreement on providing financial contribution to Palestine amid pandemic was signed on June 11 in the Turkish capital city of Ankara with Palestinian envoy to Turkey Faed Mustafa.   […]

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Turkey opens first domestic industrial enzymes factory

June 26, 2020

Turkey’s first domestic industrial enzymes factory was launched on Friday with an aim to produce industrial enzymes used in the production of flour and fructose syrup with the local and national facilities by focusing on food safety at the first stage.   Addressing the opening ceremony, Industry and Technology Minister Mustafa Varank said biotechnology is […]

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‘Turkey to play greater role in post-pandemic economy’

June 24, 2020

Turkey’s role in the economy is set to grow in the wake of the coronavirus pandemic, said a key EU lawmaker on Wednesday.   “The proven track record of Turkey in this process will allow the country to play a much greater role in the coming post-pandemic economy,” Ryszard Czarnecki, member of the European Parliament […]

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UPDATE – Turkey’s exports up 34.3% in first 23 days of June

June 24, 2020

Turkey’s exports rose 34.3% year-on-year to reach $9.1 billion in first 23 days of June, the head of the Turkish Exporters’ Assembly (TIM) said on Wednesday.   As part of cooperation between the TIM and Turkish private lender Is Bankasi, exporters will be provided credit packages of up to $500 million, Ismail Gulle said in […]

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