With the easing of COVID-19-related steps, Turkey gradually restarted domestic flights on June 1, while international flights started to various countries on June 11 Over 2.75 million passengers traveled through airports across Turkey in June, a month that marked the resumption of domestic and international […]
Turkey’s protective clothing export exceeds $570 M amid COVID-19
The breakdown of the products shows Turkey exported $144.7 million worth of masks and $428.7 worth of protective clothing in the first half of the year Turkey exported protective clothing and mask at $573.4 million in the first half of this year amid the ongoing […]
Introducing VCs in Turkey: Galata Business Angels
Angel investing is a fairly new area in Turkey with less than 10 years and Galata Business Angels is one of them As one the first angel newtorks in Turkey, Galata Business Angels (GBA) is based on “giving back” motto and to leverage its knowledge […]
Turkish car market’s sales soar, brands revise year-end targets upward
Car sales up 30% and car makers update their plans for the end of the year Passenger and light commercial vehicle sales in Turkey increased in June amid the easing of lockdown measures applied to curb the spread of the coronavirus pandemic and on the […]
Turkish online payment company Mobilexpress raises $2 million
Startup also develops tailor-made solutions for Turkey’s leading e-commerce, retail, insurance, and telecom companies Mobilexpress, online payments fintech, announced today that it has raised USD 2 million in a Series A financing round led by Collective Spark. Ali Kolaghassi, Tunç Mehmet Berkman and Deniz Doany, […]
Turkey to offer ‘green only’ energy tariff as of August
Price can be high in the beginning but incentives to be offered Turkey to start offering “green only” energy tariff starting from from, said Fatih Dönmez, Energy and Natural Resources Minister. Electricity consumers interested in purchasing clean, renewable energy would be able to use it. […]
Turkey to keep manufacturing F-35 parts until 2022: Pentagon
Turkish manufacturers are involved in building some 937 parts for the F-35, according to Pentagon Turkey to continue manufacturing parts for F-35 fighter jets until 2022, U.S. defense officials said, according to Daily Sabah. It is the U.S. Defense Department’s first official confirmation since […]
Turkish VCs line up for gaming startups
Zynga’s acquisition of Peak for $1.8 bio turned attention to Turkish gaming startups Last month’s exit of Peak turned the attention of local and foreign venture capitalists (VC) to Turkey, according to Daily Sabah. Sina Afra, Chairman of Entrepreneurship Foundation (GIRVAK) said that they were […]
TÜPRAŞ ranks first Turkey’s Fortune 500 list
The 500 companies’ share in Turkey’s GDP was 46.2% in 2019, remaining stable compared to 2018 Turkey’s major oil company TÜPRAŞ topped Fortune magazine’s top 500 Turkish companies list in net sales. TÜPRAŞ’s revenues were 89.6 billion Turkish liras ($13 billion) in 2019, up 1.2% versus […]
Turkey’s 1st integrated solar panel manufacturing to launch in August
It will be the first integrated solar panel manufacturing facility in Europe and the Middle East with an annual solar panel production capacity of 500 megawatts Turkey’s first integrated solar panel manufacturing facility is scheduled to open in August in the Ankara industrial zone, according […]