White good sales in Turkey up 18.4 percent in August

A report has shown that the sales of domestic white goods in Turkey have risen by 18.4 percent in August compared with the same period last year. White Goods Suppliers Association (BEYSAD) released data that showed that the total sales of white goods in Turkey were measured at 626,758 in August compared with 528,987 in … Continue reading

Turkey and Azerbaijan look to grow trade

Turkey’s Science, Industry & Technology Minister: Nihat Ergun has stated that Turkey and Azerbaijan should work more together in order to increase the current trade between the two countries. Azerbaijan and Turkey currently have a $1.65 billion trade volume between the two countries, following a meeting with Azerbaijan’s Communication and Information Technology Minister Ali Abbasov, … Continue reading

Turkey preparing new ideas for free trade zones

Turkish Economy Minister, Zafer Caglayan has stated that the Turkish government is in the process of preparing to replace the current Free Trade Zone conception with Economic Free Trade Zones. The new Economic Free Trade Zones will include residences, offices, production units, and tourism facilities. The new zones will also combine all land, sea, and … Continue reading

Philips to consider more investment in Turkey for growth

According to a top executive with major international company Philips, the company is planning to relaunch manufacturing in Turkey and has targeted Turkey for significant growth. Willem Rozenberg, chief executive of Philips Turkey & Caucasus said that due to the tremendous change in the economic state of Turkey in recent years, the company is thinking … Continue reading

Turkish Minister: Economy under control in Turkey

Turkey’s Science, Industry and Technology Minister Nihat Ergun has said that Turkey’s growth is under control following allegations of overheating in the markets. Ergun said: “Turkey has the necessary dynamics to surmount possible difficulties stemming from external shocks. We are currently analysing a number of scenarios to help us survive a crisis with the least … Continue reading