Azerbaijani government announced that it would purchase UCAVs from Turkey after receiving approval from its Parliament Presidency of Defence Industries (SSB) Chairman Ismail Demir said Turkish defence industry so support Azerbaijan with its unmanned combat aerial vehicles (UCAV), ammunition, missiles and electronic warfare (EW) systems. […]
Turkey posts $16 bln budget deficit in 1st half
Budget expenditures went up 17.3% on an annual basis to hit $82.3 billion from January to June The Turkish government registered a budget deficit of 109.5 billion Turkish liras (some $16 billion) in the first half of the year, the country’s Treasury and Finance Ministry announced last […]
Turkey, Russia agree to start flights after 100 days hiatus due to COVID-19
Now Turkey restarted flights with 32 countries and 20 more countries on the way Turkey and Russia have agreed to starts flights between the two countries as of July 15 following 100 days of suspension due to the COVID-19, according to Daily Sabah. Transport […]
Introducing Turkish startups: Faladdin, an AI fortune telling app
The app has 5 million monthly active users and based on the founder’s mom’s gift of coffee cup reading No, Faladdin is not a fortune telling startup. It is a tech company combining deep learning skills and ancient knowledge of mystical disciplines like tarot, astrology, […]
Biomass to meet one-third of Turkey’s annual electricity needs: professor
Biomass has a lot to offer for Turkey’s increasing energy demand, professor emphasized Biomass energy owns the potential to satisfy almost one-third of Turkey’s yearly electricity consumption, according to Professor Günnur Koçar, the manager at Ege University Biomass Energy Systems and Technologies Application and Research […]
Retail sales 17% down in May: Turkey
Though retail sales shrank, online sales soared Retail sales with constant prices decreased by 16.7% in May 2020 compared with the same month of previous year, according to Turkish Statistical Insitute (TÜİK). In the same month non-food (except automotive fuel) sales decreased by 25.5%, automotive […]
Introducing Turkish tech journalists: Murat Yıldız
He was planning a career in automotive industry but to be in the heart of tech ecosystem led him to work as a journalist Murat Yıldız started journalism as an engineering student in 1994. Having studied mechanical engineering at Yıldız Technical University, actually, he was […]
House sales up 23.5% in 1st half of 2020:Turkey
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 […]
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 […]