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 […]
BUSINESS
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), […]
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 […]
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 […]
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 […]
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. […]
After devices, Apple increases service charges in Turkey
The company had increased the prices for phones, tablets and other devices as of July 1 Apple increased its service fees in Turkey, according to Daily Sabah. As we mentioned here, the company hiked the prices for iPhone, iPad, Macs and Apple Watches as of […]
Turkish Cargo’s global market share becomes 5%
The company said it transported one out of every 20 air shipments, despite reduction of 28.5% in the global air freight market due to COVID-19 Turkish Cargo, a subsidiary of Turkish Airlines, raised its global market share to 5% during the COVID-19, according to Hurriyetdailynews.com. Referring […]
Daily energy consumption in Turkey hits record on July 7
Hourly consumption peaked at 17.00 local time with 43,638 megawatt-hours Turkish Electricity Transmission Corporation (TEIAS) announced that Turkey’s daily electricity consumption increased by 2.5% to hit a record high with 931,368 megawatt-hours on July 7. Hourly power consumption peaked at 17.00 local time with 43,638 […]