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Category: Economy

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Istanbul Financial Center The New Gate of Global Business

ISTANBUL FINANCIAL CENTER

Istanbul Finance Center gathers international firms with the capital markets and financial services sectors. Global financial centers are the city regions where institutions with the international competence and capacity necessary to ensure the flow of goods, services, information and capital between the national economies of the countries in which they are located and the other economies of the world are gathered. Besides, global financial centers are very important as they are the source of high-volume financial transactions and innovations. States strive for a region in their own country to become a global financial center. Thus, they try to reach the economic benefits of coming to the fore globally.

Karaman-Konya High-Speed Train Put into Operation

Karaman-Konya High-Speed Train Put into Operation!

Karaman-Konya high-speed train was put into operation last Saturday with the presence of Turkish President Recep Tayyip Erdogan. Turkish President Erdogan paid a visit to Karaman on January 8, 2022, to attend the collective opening ceremony of the completed projects including the Karaman-Konya High-Speed ​​Train Line. President Erdogan delivered a speech addressing the citizens who came to Konya High-Speed ​​Train Meram Station to welcome him. He also made important statements during his speech. There are 21 vehicle underpasses, 20 vehicle overpasses and 15 pedestrian underpasses within the scope of the train project.

The First Islamabad-Istanbul Freight Train Reaches Ankara in Turkey

The First Islamabad-Tehran-Istanbul Freight Train Reaches Ankara

The first Islamabad-Istanbul freight train departing from Islamabad reached Ankara within the scope of the ITI Freight Train Project between Pakistan, Iran and Turkey. Minister of Transport and Infrastructure Adil Karaismailoglu attended the welcoming ceremony for the Islamabad-Tehran-Istanbul (ITI) freight train. Representatives from Iran and Pakistan also attended the ceremony at the Historic Ankara Train Station. After highlighting that Turkey broke a record with exports of 225 billion dollars in 2021, the minister also said that Turkey’s share in the world trade volume surpassed 1 percent for the first time in the history of the Turkish Republic.

Swiss Solar to Establish a Factory in Turkey

Swiss Solar AG to Establish a 1.5 GW Panel Factory in Turkey

Swiss Solar AG, a Switzerland-based solar panel manufacturer, has made the announcement to establish a panel factory in Turkey. According to the statement of the company, the facility will initially consist of three separate production lines, each with an annual production capacity of 500 MW. In these production lines, bifacial solar panels with 450 Wp, 500 Wp and 545 Wp power capacity will be produced. The company aims to reach 5 GW of capacity with 10 lines by 2027. Swiss Solar AG aims to increase its production line and panel powers gradually and to have an annual production capacity of 5 GW at its facility in Turkey in 2027.

Commercial Flights at Istanbul Airports Increased by 45 percent

Commercial Flights at Istanbul Airports Increased by 45 percent

Commercial flights at Istanbul airports increased by 45 percent during the 11-month period of 2021. The amount of freight transported from 3 airports in Istanbul, on the other hand, increased by 30 percent. During the period of Covid-19, airline companies have suspended flights. Hence, commercial flights have gained more importance all around the world. Because air cargo has always provided fast and easy transportation. Besides, some problems in road and sea transportation for the transportation of goods and products to various points of the world have caused airways to be more popular day by day. Thus, air traffic has gained importance with the measures.

Turkey's first car battery factory in Gemlik, Bursa

Turkey’s first car battery factory by TOGG – Farasis in Gemlik, Bursa

Siro, in partnership with TOGG and Farasis, will produce battery cells and modules in the factory to be established by benefiting from project-based government support. Established with the partnership of Turkey’s Car Joint Venture Group Inc. (TOGG) and Chinese energy giant Farasis, Siro company’s battery cell and module production facility, which will be in Bursa’s Gemlik district will provide employment for approximately 2,200 people. Turkey has taken an important step in the production of car batteries.

15 Agreements between Turkey and Qatar

15 Agreements between Turkey and Qatar

President Erdogan continued his contacts in Doha where he came to attend the Seventh Meeting of the Supreme Strategic Committee between Turkey and Qatar. President Erdogan paid an official visit to Qatar with a big delegation. 15 agreements between Turkey and Qatar were signed with the participation of two leaders. Before the signs of the agreements, President Erdogan and Al Sani held a tête-à-tête meeting that lasted 2 hours. President Erdogan later visited the Qatari-Turkish Combined Joint Force Command and made statements there.

Global housing price index 2021 is announced by Knight Frank! Izmir, Istanbul and Ankara are among the top 10.

GLOBAL HOUSING PRICE INDEX 2021

Global housing price index 2021 is announced by Knight Frank! Three of the top 10 cities in the world where housing prices have increased the most in the last year are in Turkey. Izmir, Istanbul and Ankara are among the top 10 in the research of Knight Frank which is one of the world’s leading independent real estate consultancies. The research has covered 55 countries and 150 cities between the second quarters of 2020 and 2021. While Izmir has ranked second with an increase of 30%, Istanbul ninth with 26.4% and Ankara tenth place with 25.%.

GDP Growth Figures for the Third Quarter of 2021 | Increase by 7.4%

GDP growth figures for the third quarter of 2021 increased by 7.4% according to the announcement of the Turkish Statistical Institute. The estimation of Gross Domestic Product by production approach increased by 35.5% in the third quarter of 2021 at current prices compared to the same quarter of the previous year. The figures reach 1 trillion 915 billion 467 million Turkish Liras.

UAE Crown Prince Visits Turkey for the First Time in 10 Years!

UAE Crown Prince Mohammed Bin Zayed al Nahyan will visit Turkey to meet with President Recep Tayyip Erdogan. Crown Prince Nahyan is expected to discuss global and regional issues during his official visit to Turkey. The leaders are supposed to meet on November 24 or soon. It is noted that it is the first face-to-face contact between the two leaders after 10 years. The Crown Prince made his last official visit in February 2012.