Important News

World Bank’s Country Director for Turkey Zutt: “We Will Revise the Growth Estimate for Turkey as 5 or 5.1 Percent”



“I think the biggest challenge for Turkey in the medium run is to enhance the productivity of Turkish companies. The technology used in products sold to Europe by Turkey should be elevated The most significant fragility of Turkey is its dependence on foreign capital flow to finance the current account deficit. The fact that there is a big difference between savings and investments in Turkey is another risk with future prospects.”

Short Term Foreign Debt Stock Reached USD 111.6 Billion As of End August

Macro Indicators


Short term debt of public sector, major part of which is public banks, increased 9.3% to reach USD 17.8 billion compared to end-2016, private sector short term foreign debts increased 14.8% to be USD 93.7 billion

6. Turkey Public-Private Sector Partnerships Forum 2017

Conferances   Research   Build-Operate-Transfer (BOT)


Forum will be held on 29-30 November 2017 at Movenpick Hotel Ankara. In the forum, of which TEBANEWS is the media partner, Current Status of PPP model Health and Transportation Projects, Risk Management in PPP projects, Building PPP Legislation in Turkey, Developments in new PPP Projects by the Government, Advantages of PPP Model in Waste and Water Management, how and where the financing secured from Export Credit Agencies and International Financing Agencies will be used for Making PPP Projects more bankable and Health Facilities Operational Management and PPP Projects will be discussed

IFC Granted $100 million Loan to TÜPRAŞ for New Investments Concerning Environmental Upgrades and Efficiency

Loans   Petrochemical   Company News


TÜPRAŞ CFO Doğan Korkmaz: "With additional sulfur recovery units we will be ready to support maritime industry in their efforts to change into low sulfur marine fuel" Carsten Muller, IFC Director of Manufacturing, Agribusiness and Services in Europe, Middle East and North Africa: "This financing will allow TÜPRAŞ to boost its existing modernization and invest in R&D to move up the value chain, while adopting high environmental standards"

In September, Annual Inflation has been 11.20%

Macro Indicators


Annual increase in CPI has been 11.20%, in domestic producer prices 16.28%

STEAM, 18. International Energy Conference

Conferances   Natural Gas


18. International Energy Conference will be held on October 4, 2017 at İstanbul Sait Halim Paşa Palace on "Changing Energy Geopolicy, Unchanged Pipeline Routes“ Oil and Natural Gas Play – Current Status of Turkey Europe Axis.”

Emre Hatem, Senior Vice President at Garanti Bank Project Finance and Sustainability: “We Can Take Part in Financing BOT Model and YEKA Projects”

Company News   Build-Operate-Transfer (BOT)   Renewables (HEPP, Wind, Solar, Biofuel)   Other Renewables


“The capital structure of Turkish banks is strong; there is liquidity. We are also financing from abroad but the main resource in financing projects is still the deposit money. Our resources are limited but investment needs are at high levels We are talking of a project size of at least $ 100 billion in a period of 5-6 years. Our priorities as Garanti Bank are BOT model motorway projects, renewable energy projects and PPP model hospital projects. There has been intensive investment in the energy sector also with the support of banks and now there is an over-capacity New energy investments may be necessarily commissioned in around 2021 and 2022. Turkey does not need new basic load power plants for a period of 8-10 years. Adequate supply may be provided by means of investments in new solar and wind power plants only.”

Alstom and Siemens Creates a New European Champion

Abroad   Company News   Railways


Henri Poupart-Lafarge, Chairman and Chief Executive Officer of Alstom SA: "Thanks to its global reach across all continents, its scale, its technological know-how and its unique positioning on digital transportation, the combination of Alstom and Siemens Mobility will bring to its customers and ultimately to all citizens smarter and more efficient systems to meet mobility challenges of cities and countries." Joe Kaeser, President and CEO of Siemens AG: " We put the European idea to work and together with our friends at Alstom, we are creating a new European champion in the rail industry for the long term. "

Deputy Prime Minister Şimşek Disclosed the 3-Year Medium Term Program (MTP) Foresights

Speeches   Macro Indicators   Development Plans & Goverment Programs


“The main targets of the MTP are listed as acceleration in the growth rate, an increase in the employment rate and the betterment of income distribution. We are decisive to sustain the fiscal discipline also in the coming period. We are targeting an annual growth rate of 5.5 percent between 2017 and 2020. We estimate that the unemployment rate will be 10.8 percent this year, 10.5 percent next year, 9.9 percent in 2019 and 9.6 percent in 2020. The Current Account Deficit / GDP ratio is estimated to be 4.6 percent this year, 4.3 percent next year, 4.1 percent in 2019 and 3.9 percent in 2020. We foresee an inflation rate of 9.5 percent at the end of the current year.”

Limak Purchases the Contract for 517 MW Çetin Dam and HEPP of Statkraft

HEPP   Company News


Limak Enerji has purchased Çetin Dam and HEPP, which have an EMRA power generation license for 49 years and for which the Norwegian company Statkraft has started installing in Siirt but then suspended the work

LNG Agreement between Turkey and Qatar

International Relations   Natural Gas


Qatargas has announced that it signed a medium-term trade agreement with BOTAŞ for selling 1.5 million tons of LNG per year for three years

UIC, 10th World High-Speed Train Congress

Conferances   Railways   Research


The new date of the 10th of International Union of Railways (UIC) World High-Speed Train Congress was announced as May 8-11, 2018. The Congress will be held in ATO Congresium in Ankara...

Important Statements of Ahmet Arslan, the Minister of Transport, Maritime Affairs and Communication

Speeches   General


"We have made 65% progress in the new 3rd airport. We will open its section that will serve 90 million passengers on October 29, 2018. Fresh water drilling works will be performed for fresh water fluidity in Canal İstanbul Project. There are extracted materials such as earth and rocks... Part of the earth will be taken to agricultural lands and the areas adjacent to the third airport. We will also build artificial islands on Marmara Sea. There will be logistics centers that will provide high amounts of revenue to our country."

Minister of Energy and Natural Resources Albayrak's Contacts in Azerbaijan

Abroad   International Relations   Natural Gas


The term of agreement on sharing and production of Azeri-Çırak-Güneşli (AÇG) oil reserves extended up to 2050. Minister Albayrak said, "Turkey will continue to exert utmost importance on all projects in Azerbaijan and be partner to new opportunities in the country."

6th Turkish Wind Power Congress Will Be Held in November

Conferances   Research   Other Renewables


The Congress will be held at JW Marriott Hotel in Ankara on the dates of November 1 & 2, 2017

8th Turkey Energy Summit Will Be Realized in Antalya in October

Conferances   Research   General


The summit will be held at Antalya Regnum Carya Golf & Spa Resort Hotel on the dates of October 10 & 11, 2017

Annual Report