Industry

Foreign investors eye Turkish start-ups

January 17, 2020

Turkish start-ups, which received $93 million investments last year, draw the attention of foreign investors. Lastly, on-demand delivery application Getir, which means “Bring” in Turkish, received $38 million investment from a group of foreign investor…

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Central Bank Reduces Interest Rates for the Fifth Time in a Row

January 16, 2020

Interest rates have fallen by 1,200 basis points since last year. Turkey’s Central Bank has reduced its one-week repo rate 75 basis points.The policy rate, also known as the one-week repo, decreased to 11.25 percent from 12 percent, the bank said in a …

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Turkey eyes global actor role in smart cities market

January 15, 2020

Turkish president vowed Wednesday to take necessary steps to become a global actor in smart cities market.We are determined to do whatever it takes to be a major actor in the smart cities market which is expected to top $800 billion market value in a c…

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Turkey: Retail sales volume up 8.5% in November 2019

January 14, 2020

The retail sales volume with constant prices in Turkey soared 8.5% in November 2019 compared to the same month of the previous year, according to official figures released on Tuesday.On an annual basis, drinks and tobacco, non-food (except automotive f…

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Turkey’s industrial production up 5.1% in Nov.

January 14, 2020

Turkey’s calendar-adjusted industrial production soared 5.1% in November 2019 compared to the same month of the previous year, according to official data released on Tuesday.While the mining and quarrying index rose 7.2% and the manufacturing index cli…

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Automotive sector tops Turkey’s exports in 2019

January 12, 2020

Turkey’s automotive sector topped the country’s exports with $30.6 billion in 2019, while Istanbul was the largest exporter city in the country.Overall exports increased 2% to reach $180.47 billion, hitting historical highs in 2019, according to data c…

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Turkey issues completion visa for investments worth $18.4B

January 2, 2020

Turkey issued completion visa for investments worth 104 billion Turkish liras ($18.4B) in January-November 2019, the country’s industry and technology minister said on Thursday.Mustafa Varank said on Twitter that more than 157,000 jobs were created in …

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Turkey issues completion visa for investments worth $18.4B

January 2, 2020

Turkey issued completion visa for investments worth 104 billion Turkish liras ($18.4B) in January-November 2019, the country’s industry and technology minister said on Thursday.Mustafa Varank said on Twitter that more than 157,000 jobs were created in …

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