Istanbul had the lion share of housing sales with 106,311 units over the same period Turkih Statistical Institute (TÜİK) announced a total of 624,769 residential properties in Turkey were sold in the first half of 2020, Housing sales increased 23.5% in the six-month period, year-on-year, according TÜİK. New […]
Month: July 2020
Oil refiner Tüpraş remains Turkey’s top industrial corporation
ISO announced Turkey’s 500 largest industrial enterprises for 2019 Oil refiner Tüpraş kept its longtime leadership as Turkey’s largest industrial corporation, according to the “Top 500 Industrial Enterprises of Turkey 2019” survey. The report, which is written by the Istanbul Chamber of Industry (ISO), […]
Vivense, Turkish furniture marketplace, raises $130 million
The company plans a global expansion, starting from the UK Vivense, a Turkish online marketplace of furniture, raised a $130 million investment from Actera Group, Turkish private equity fund. Vivense to use the investment for global expansion plans, starting from the UK this year. Founded […]
Marketing SaaS Insider raised $32M series C funding to expand to US
The company to use the new investment to enhance platform’s capabilities and enter US market Insider, founded in Turkey and based in Singapore, announced yesterday its $32 million Series C funding round, bringing total funding to date to $47M. The round was led by Riverwood […]
Turkey’s banking watchdog fines banks $48M
Watchdog’s fines under included 10 types of complaints Turkey’s Banking Regulation and Supervision Agency (BDDK) fined more than 20 banks and financial institutions $48 million (TL330 million) for carrying out transactions against its orders during the outbreak of COVID-19. The BDDK said the fines were […]
German engineering company, EDAG, opens Turkish office as part of domestic car project
EDAG to become the partner for TOGG project EDAG, a German engineering company, started its first office in Turkey, according to Daily Sabah. The company will function as a part of its partnership with Turkey’s Automobile Joint Venture Group (TOGG) to produce the country’s first […]
Facebook publishes survey measuring the impact of COVID-19 on SMBs in Turkey
Social media giant’s report provides insights on the situation of SMBs in Turkey in the post-pandemic world Facebook published the first findings of its survey that measures the impact of the COVID-19 pandemic on the small and medium-sized businesses (SMBs) in Turkey. First published in […]
Ankara, London ‘very close’ to free trade deal:FM
Negotiations are going well and close to finalise soon, said minister Turkey and the U.K. are “very close” to signing a free trade agreement for the post-Brexit era, according to Turkish Foreign Minister Mevlüt Çavuşoğlu. An article on the Financial Times last week quoted Çavuşoğlu […]
Turkish Cargo starts chat-bot for customers
People can question the status of their deliveries 24/7 from chat-bot Turkish Cargo, a subsidiary of Turkish Airlines, started a chat-bot to allow customers to learn the status of their cargo 24/7. The chat-robot, named Cargy, serves via WhatsApp in either Turkish or English, Turkish […]
COVID-19 fuels demand for bicycles as prices go up in Turkey
Bicycle dealers say they were never this busy before the COVID-19, as cycling has now become a preferred form of transportation COVID-19 has fueled demand for bicycles as people seek alternatives to public transport in a bid to avoid crowded places, according to Daily Sabah. […]