Social media giant had recently announced a $100 million grant to help 30,000 thousand SMEs from more than 30 countries Facebook announced that it launched a grant program of 7 million Turkish Liras ($946,000) to support SMEs in Istanbul. Eligible SMEs that want to benefit from […]
BUSINESS
Turkey’s first integrated solar panel facility opened in Ankara
The project to cost USD400 million and to prevent $100 million worth of solar panel imports per year Turkey launched its first integrated solar panel factory in Ankara’s Başkent Organized Industrial Zone. The $400-million solar technologies factory was built by Turkish energy and construction company Kalyon Holding, winner of […]
TÜPRAŞ signs contract with leading tech fund Emerald
TÜPRAŞ aims to invest in new technology startups in the U.S. and Europe to contribute to the energy transformation Turkey Petroleum Refineries Inc. (TÜPRAŞ) has signed a long-term cooperation contract with the Emerald Industrial Innovation Fund. The company is a subsidiary of Emerald Technology Ventures […]
Turkey gets 87.000 trademark applications
More than 9,800 patent applications submitted in H1 2020, per TurkPatent data The Turkish Patent and Trademark Office (TurkPatent) received 86,847 trademark applications in H1 2020, according to data released last week. on Thursday. 78,038 of them were domestic, the data said. Trademark applications up […]
Turkey’s e-commerce up 64% in H1 amidst COVID-19
Food and markets saw the highest rise in transactions via debit and credit cards, up 400% on an annual basis Spurred by the COVID-19, Turkey’s e-commerce went up 64% YoY in the first half of 2020, Trade Minister Ruhsar Pekcan said. The January-June figure […]
Chinese people among top 10 foreign homebuyers in Turkey in H1: TurkStat
They bought more than 400 houses and Belt and Road Initiative helped to increase the interest for homebuyers Chinese nationals bought a total of 415 houses in the January-June period. In June they were in third place with 78 units purchased, announced by Turkish Statistical […]
Card payments soar in H1 amidst COVID-19
Triggered by COVID-19, contactless payments tripled and reached 563 million Payments via debit and credit cards in Turkey increased 10% year-on-year in H1 of this year amidst concerns of COVID-19, according to Interbank Card Center (BKM). “While payment behavior continues to change with the pandemic period, a total of 500 billion Turkish liras […]
Number of newly founded companies bounces in June
Around 10 thousand new companies founded while 1.130 of them closed down last month In Turkey 9,719 newly founded companies in June, up 109.34% on a yearly basis, according to Turkish Union of Chambers and Commodity Exchanges (TOBB). Some 1,130 companies closed down over the month, up […]
Turkey to support Azerbaijan with UAVs, tech and expertise [video]
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 […]