OECD, Economic Surveys of the European Union and of the Euro Area
"Although growth has gradually strengthened, unemployment in many countries is still high, investment remains below pre-crisis levels in most European countries, and credit growth is still sluggish"
World Bank, Global Economic Prospects
World Bank Development Expectations Group Director Köse, "Unfortunately, World economy still try to get out of the impacts of the financial crisis, however, still face with other shocks such as sharp decrease in good prices. There is still a very huge debt burden that came along with the crisis and this burden still adversely affect consumption and investments in many countries. The fertile ground for financial and monetary policies to be executed for revitalizing the economy is extremely narrow."
Bombardier Transportation Won a Contract To Supply European Rail Operator Abellio Rail Südwest GmbH With 43 BOMBARDIER TALENT 2 Trains.
The order is valued at approximately 215 million euro.- Starting in June 2019, the new electric multiple units will gradually enter passenger operation on the Stuttgart regional network in Germany.-Bombardier will supply all 43 trains to Abellio by June 2020.
Rönesans İnşaat Opens World's Largest Railway Tunnel in Switzerland
Built by Rönesans İnşaat with a budget of 16 billion Euros, the 57-kilometer-long tunnel runs beneath the Alps, and will shorten the duration of travel from Zurich, Switzerland to Milan, Italy to 2 hours and 40 minutes with a one-hour reduction
Bombardier to Supply Twelve Additional FLEXITY Swift Tram-Trains to Karlsruhe, Germany
The contract for tram trains to the city of Karlsruhe is valued at approximately 60 million Euro... Bombardier Transportation and Global Rail Sdn. Bhd. Win Contract to Provide Rail Control for Second Line of Malaysia's Klang Valley MRT. An overall value of approximately 95 million Euro. Bombardier's share totals approximately 48 million Euro...
Salini-Kolin Consortium Signs a Motorway Contract in Kuwait, while Limak İnşaat Signs an Infrastructure Works Contract
Salini-Kolin İnşaat Consortium and Limak İnşaat are awarded the contracts in two separate tenders announced for the motorway and other infrastructure works within the scope of Southern Al Mutlaa city project of Kuwait. Salini-Kolin Consortium will sign a contract at a value of around $ 800 million for the motorway in the coming days, while Limak İnşaat signs a contract at a value of around $ 200 million for the infrastructure works of the city
TÜMOSAN Net Profit Increases by 16.1% in 2016
TÜMOSAN announced TL 10.1 million net profits for the first quarter of 2016
Deputy Prime Minister Mehmet Şimşek Commented on the Current Account Deficit
The current acounts deficit has been disclosed as $ 3.6 billion as of March 2016 compared to the same period last year Deputy Prime Minister Mehmet Şimşek responsible for the economy: “Savings rates are at very low levels in Turkey. There is a considerable need for investment. Structural reforms are necessary to overcome the problem.”
IMF Predicted Turkey's Annual Inflation as 9.8% in 2016
According to IMF's report regarding Central, Eastern and South-eastern European (CESEE) countries including Turkey: "Capital inflow to Turkey has recently become positive again, and financial sector benefited from investments. Private sector savings have remained below 13% since 2010, and decreased to 9% in 2013. Implementation of reforms, especially for retirement and severance payment, should start immediately."
Yapı Kredi Bank Renewed Its Syndication Loan
Yapı Kredi announced that it received a syndication loan of $1.5 billion with the participation of 48 banks from 15 countries. The syndication loan was provided in two different currencies, $381 million and €959 million
Local Administrations Finance Summit
Short and long term finance issues of local administrations, the Public-Private Partnership (PPP) model and drawbacks in legislation will be discussed during the Summit to be held on May 5, 2016 at Conrad Hotel, Istanbul...
CPI Increased by 0.78 % in April 2016 on a Montly Basis and by 6.57 % on a Yearly Basis
The increase in CPI realized as 0.78 % in April 2016 compared to the previous month, as 2.55 % compared to December last year, as 6.57 % compared to the same month last year and as 7.84 % according to 12-month averages...