According to information compiled by the Economic Policy Research Foundation of Turkey (TEPAV), FDI in Turkey retained almost a horizontal course until the 2000s and caught an upward trend in 2003. Foreign direct investment, which maintained an upward trend last year, saw a 6.3% rise from approximately $11.6 billion in June last year to $12.4 billion in the same period this year. Outgoing investments from Turkey, on the other hand, climbed by 2.4% compared to the same period last year. Qatar and the U.K. took the lead in foreign capital investments that came to Turkey in the January-June period.
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Turkish Auto Industry Eyes Over $500M In Exports To Russia
The leader of national exports, Turkey’s automotive industry expects its exports to Russia to exceed $500 million in 2019, according to the vice-chairman of the Uludag Automotive Industry Exporters Association (OIB).
Turkey Grants TL 28B In Support To Auto Industry
Turkey, seen as having the best chance to host the new factory of German carmaker Volkswagen, has been the investment base of the automotive industry over the last five years.
Volvo's Electric Brand Polestar Inaugurates China Factory With Exports To US, Europe On Sight
Amid rising trade tension, Volvo’s electric brand, Polestar, is going ahead with plans to export its first Chinese-made model to the United States next year, the automaker’s CEO said. Polestar opened a factory in the western city of Chengdu to produce the Polestar 1, a two-door, gasoline-electric hybrid coupe with a carbon-fiber body.
OECD Revises Turkey's Growth Estimate,cuts Global Outlook To Post-Crisis Low
The Organization for Economic Co-operation and Development (OECD) made a major revision in its projection for Turkish economic growth in 2019, as it warned about escalating trade tensions are eroding global growth prospects,
Turkey To Attract More FDI Despite Global Reduction
Having received around $13 billion in foreign direct investment (FDI) in 2018, Turkey will continue to attract more investments from across the globe, according to strategist and analyst Cüneyt Paksoy.
Foreign Direct Investment Records 6.3% Rise In First Half
Foreign direct investment (FDI) in Turkey increased by 6.3% from June last year to June 2019, reaching approximately $12.4 billion.
Turkish Auto Sector Records Rising Exports To European Union
The automotive sector, the engine of Turkish exports, achieved $1.3 billion in exports to European Union countries in August, an increase of nearly 10% compared to the same month last year.
Cezeri, Turkey's First Flying Car Debuts At Teknofest
Turkey’s first flying car, Cezeri became the most notable product at this year’s Teknofest, the country’s top aerospace and technology festival visited by nearly 2 million people from Sept. 17-22.
Turkish manufacturer enjoys 45% rise in overseas sales
TürkTraktör, the Turkish automotive industry’s first manufacturer that is still operational, saw its overseas sales turnover increase by 45% in the January-June period, the company said in a statement.
Turkish automotive sector keeps its lion's share in total exports
It is reported by Automotive Manufacturers Association (OSD) that automotive sector keeps its lion’s share in Turkey’s total exports during the first six months of the year.
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Airbus to Qatar: Sorry. Not Sorry
"In a sign of its growing leverage over customers, the plane maker is canceling the contentious carrier’s orders"
AMERICAN TO ORDER MORE BOEING JETS WHILE DELAYING OTHERS
American Airlines said that it plans to exercise options to buy 30 more Boeing 737 Max jets while delaying delivery of Boeing 787s, larger jets that are being plagued by production flaws.
Turkey Bowl Revisited
"The competing teams go back for seconds at Cream Ridge Golf Course."
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All-Star Sides for Thanksgiving Dinner
Turkey gets all the attention at Thanksgiving, but it’s the side dishes that really deserve the spotlight. Bright green peas, golden beets, crunchy Brussels sprouts, purple and green frilly kale, jewel-red pomegranates, and sunny orange winter squash take center stage in the following holiday recipes that are also perfect every day of the week.
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Explore alternative travel modes to get where you want to go.