Important News

Noteworthy Statements by Deputy Prime Minister Mehmet Şimşek



"Borrowing requirement may not be kept within the limit for the first time since 2009. Under the impact of measures taken this year, borrowing will be higher than foreseen. In general term, end-year growth seems to be close to 5%. If we do not suffer a shock or difficulties we faced with countries like Germany do not effect economy significantly, recovery in tourism, in EU is of foreign demand supportive nature. There is a relative acceleration in domestic demand as well."

Siemens and Bombardier are Close to Two Joint Ventures for Rolling Stock and Signaling

Abroad   Company News   Railways


German Siemens and Canada's Bombardier are in the final stages of talks to combine their rail operations, to compete against Chinese rivals. The deal, which would create two separate joint ventures for their signaling and rolling-stock divisions, expected to be announced as early as August...

22nd World Petroleum Congress (II)

Conferances   Natural Gas


IEA’s Executive Director Birol: “The amount of gas produced by USA only from shale gas has reached the level of 2 Qatars. The US will cover all domestic gas needs in the near future and will become a prominent gas exporter. US oil will provide abundance to the market and this will result with a downward pressure in prices.” Russia’s Energy Minister Novak: “We plan to put the first unit of Akkuyu Nuclear Power Plant into operation in 2023.” SOCAR President Abdullayev: “The 12.6 billion dollar portion of an investment of $ 19.5 billion planned to be made in Turkey has been completed.”

22nd World Petroleum Congress

Conferances   Research   Natural Gas   Nuclear


President Recep Tayyip Erdoğan: "We have started to expedite our investments in nuclear energy. Once Akkuyu and Sinop Nuclear Power Plants are commissioned, we will satisfy at least 10 percent of our energy need from them. We have added our national capital to the Akkuyu Project that we execute with Russia, making it much stronger. We want to start construction as soon as possible at Sinop Project as well. We talked the matter over with the Japanese Prime Minister Abe at the last G20 meeting. We have even started our efforts for the third nuclear power plant project."

In EP Report of EU, Turkey was Requested to Stop Akkuyu NGS Project

International Relations   Nuclear


In EP report of EU, Akkuyu NGS Project was requested to be stopped for Mersin-Akkuyu region is inherent in strong earthquake risks. In the announcement by Russia, subject call was claimed to be originated only from political and economic interests of EU

G20 Final Declaration

Abroad   Research   International Relations


Declaration covered issues like struggling with terror, global trade, climate and cooperation with Africa. Declaration says "Although growth expectations are encouraging but growth rate is still weaker than expected. Our commitment on international economic and financial cooperation maintained for steppig up the Growth and for protecting against downward risks. International trade and investment are the vital motors of growth, productivity, creating and improving employment. We will struggle with protectivism comprising unfair trade applications. We will particularly encourage a positive environment for trade and investment."

The World Petroleum Congress Opens in Istanbul

Conferances   Research   Natural Gas


Energy and Natural Resources Minister Albayrak: “Turkey particularly targets to extend oil and natural gas exploration and production activities and investments. We are focusing on oil and natural gas exploration activities in the Mediterranean and the Black Sea. Turkey is one of the most prominent regional actors as a play-maker and reliable partner in regional energy projects”…

BRICS New Development Bank Announces 2017-2021 General Strategy

Loans   Abroad   International Relations


The field of credits of priority of the Bank will be clean energy, transportation infrastructure, irrigation, water resources management and wastewater, sustainable urban development, economic cooperation and integration among member countries. Financing instruments like syndication credits, special investors, Project own capital investments, national and multinational financing agencies and joint credits beside long term credits will be used

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