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Plans for Turkey’s biggest industrial zone begin to take shape

The Turkish Ministry for the Environment recently has approved a large scale regional development project that willl realise Turkey’s biggest contiguous industrial zone. This zone will be established between the cities of Canakkale and Bandirma on the southern shore of the Sea of Marmara. An area of 4.800 hectares has

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Construction on the “Silk Road of Energy” to begin

Turkey’s President Erdogan and his Azerbaijani and Georgian counterparts, Ilham Aliyev and Giorgi Margvelashvili, have laid the foundation for the Trans-Anatolian Pipeline (TANAP) in Selim (province of Kars) in the far east of Turkey. The natural gas pipeline will lead 1850 kilometres from the Georgian border across the entire Turkish

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Almost 11 percent unemployed in December 2014

The trend of growing joblessness, which had continued since June 2013, persisted also in the last month of 2014. The official unemployment rate yet reached 10.9%. At 12.6%, the jobless rate for women was 2.4% higher than for men, while unemployment among youth between the ages of 15 and 24

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Slight increase in inflation

Turkish Statistical Institute (TurkStat) stated that consumer prices in Turkey increased 0.71% in february compared to the month before. Following the decrease in january, this again marks an increasing tendency. In terms of product groups, food (especially agricultural products) and beverages experienced the highest price rise. Despite the fall in

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Turkish Export decline 13% in February

The Turkish Exporters’ Assembly TIM has reported that Turkey’s exports have dropped to USD 10 billion 495 million in February, marking a decline of 13% over the same month of the previous year. In the first two months of the year, the export volume totalled 6.7% less than in January

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NETUBA Meeting with counterpartner DEIK

The board members of NETUBA and counterpart Dış Ekonomik İlişkiler Kurulu (DEIK) met each other just before the Trade Award at the ING office in Rotterdam. Chairman Bastiaan van der Knaap welcomed everyone and opened the meeting after an introduction of the participants of the delegation led by chairman Osman

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Turkish Lira, the champion loser against the dollar

The dollar/Turkish Lira parity went above the 2.68 level at mid-week last week and it has shown a tendency to remain in the 2.75 lira band. The Central Bank had to make a written intervention in this situation and “challenged” that in its April 22 meeting; they would make a

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HOTIAD Summit 2015

Dutch-Turkish business association, HOTIAD, organized in a conference in Society De Witte in The Hague with the topic “The Netherlands and Turkey, entrepreneurs are the bridge builders.” The conference was attended by people from the business world. Delegates from Turkey were present with the Turkish Deputy Prime Minister Numan Kurtulmuş

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