Swedish furniture giant IKEA is moving its production to Turkey. The company plans to transfer more production to Turkey to lessen problems with global supply chains and rising transportation costs, […]
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Currently browsing: News about Turkey
The Chemical Industry in Turkey
The chemical industry in Turkey has been growing rapidly and thus as Europe’s main export and import partner in chemicals, Turkey is an important production center for international investors. Market [...] Read more
Turkey’s Exports in June 2021
Turkey’s exports increased by 46.9% in June 2021 compared to the same period in 2020 (against only 15.7% year-on-year in June 2020). These exports totalled $19.8 billion, according to figures from […]
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Joint Investment Opportunities of SOCAR and Turkish Petroleum
Turkish and Azerbaijani energy companies are considering the joint investment opportunities in neighbouring regions, an official stated on Wednesday, which came a day after President Recep Tayyip Erdogan indicated such […]
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Container Crisis’ Effects on Turkish Foreign Trade
The container crisis started with the pandemic in the seaway, where approximately 90 per cent of global trade is carried out. European freight rates reached record levels. This created a […]
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Turkish Defense Industry
What is Defense Industry? The defense industry is an industry responsible for the production and sales of weapons and military technology. When we look at the last century, Turkey is […]
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The Snapshot of the Turkish Economy in 2021
The Turkish economy in 2021 gained great momentum despite the global impacts of the coronavirus pandemic. TURKEY ADVANCES TO 11TH PLACE IN THE WORLD ON GDP BASIS The International Monetary [...] Read more
€2 Billion Investment in Turkey by Ford Otosan
On March 16, 2021, President Erdoğan announced the €2 billion investment in Turkey by Ford Otosan during the Ford Otosan Future Vision Meeting held in the Presidential Complex in Ankara. […]
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Xiaomi is Investing in Turkey
Turkey has become a manufacturing and export hub for many companies in the last year due to the changing circumstances resulted from the coronavirus pandemic. That’s why many companies moved […]
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44 Turkish Construction Companies are in the International Top 250 List
The Engineering News-Record (ENR), which is considered the authoritative publication in the field of civil engineering worldwide, has released a list of the 250 best international contractors, almost a fifth […]
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