Using yuan to remove the obstacles for using local currencies in bilateral trade Turkish telecommunications company Türk Telekom took the first step to trade in local currencies through a new mechanism provided by Turkey and China’s new swap agreement on June 19, Hürriyet Daily News reported. The […]
BUSINESS
EU offers €4.4 mln grant for Turkish tech projects
11 companies from various industries to be backed The EU Commission backs several Turkish firms’ tech-related projects, announced the Scientific and Technological Research Council of Turkey (TÜBİTAK) last week, according to Hürriyet Daily News’s story The commission to grant a total of €4.4 million ($4.94 million) to Turkish companies […]
Turkey’s e-commerce exceeds $9B in five months of 2020:minister
Minister says in first 5 months of 2020 e-commerce volume totals $9.2B Ruhsar Pekcan, Minister of Trade, said Turkey’s e-commerce volumes reached $9 B in the first of five months of 2020. At a digital meeting for the launch of Turkey’s Electronic Commerce Information System […]
China registers Turkey’s first electric car designs
Following the EU, TOGG’s car designs registered in China Chinese Patent Agency (CNIPA) registered Turkey’s Automobile Joint Venture Group (TOGG) electric car designs, according to story by Anadolu Agency. The interior and exterior designs of TOGG’s automobiles were registered in April by the EU’s Intellectual […]
Turkey gets ready to enlarge railway network next 5 years
The first Turkish-made electric train tests starting in late August Turkey will expand its railway network to 18,000 kilometers (11,184 miles), said Adil Karaismailoglu, Transport and Infrastructure Minister. Addressing at digital summit on transportation and infrastructure last week, Karaismailoglu said Turkey’s railway investments will go […]
Istanbul: #16 among top 100 emerging ecosystems: Minister
Istanbul outpaces Dubai, Moscow, and Brussels, the report said Istanbul is #16 among top 100 emerging ecosystems, said Mustafa Varank, Technology and Industry Minister. Referring to new report by US-based global entrepreneurship research institution Startup Genome, Varank added Turkey’s commercial capital Istanbul, at number 16, […]