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 Turkey eyes $1 trillion trade volume by 2023
The Turkish prime minister has said Turkey is aiming for a $1 trillion trade volume by 2023, when it will mark the 100th anniversary of the Turkish Republic, noting that the country´s economy is being carefully watched by markets across the world. |
 Science council to support hybrid, electric car R&D with 5 million Turkish Liras
The Scientific and Research Council of Turkey (TÜBİTAK) will grant up to 5 million Turkish Liras for each company that conducts research and development work on hybrid and electric-engine cars, Industry Minister Nihat Ergün has said. |
 PM Erdoğan pledges $5 billion for IMF fund at G-20 summit
Prime Minister Recep Tayyip Erdogan promised to provide the International Monetary Fund (IMF) with $5 billion during the G-20 meet at Los Cabos, Mexico, on Tuesday, where he called on attending countries to develop a roadmap for “sustained and balanced growth” amid a worsening crisis in the eurozone. |
 Turkish government unveils high grain price
The government raises its benchmark grain price to 655 liras per ton from 605 last year. A chamber says farmers are also happy with an early payment date decisions. However, high fuel prices are still a major concern |
 Local hazelnut spread found to contain GMOs
The Agriculture Ministry has discovered genetically modified organisms (GMO) in certain brands of Turkish hazelnut spread. This discovery comes on the heels of the ministry finding poultry, horse and donkey meat in Turkish sausages and beef products. |
 Davos came to us
After Prime Minister Erdoğan’s ‘One Minute’ crisis at the 2009 Davos meeting, the World Economic Forum has now decided to come to Istanbul. Speaking at the opening for the forum with 1,100 attendees, Erdoğan stated, “Turkey has become an island of trust in the region.” |
 Istanbul wins World Forum on Energy Regulation Conference
Istanbul Congress & Visitors Bureau (ICVB) and Energy Management Regulatory Authority of Turkey (EMRA) announced that, through a joint effort, they have won the prestigious World Forum on Energy Regulation (WFER) conference for Istanbul. |
 Georgia Power interested in Turkey’s nuclear plant
U.S.-based Georgia Power is interested in joining Turkey’s nuclear power plant project, its Chief Executive Officer (CEO) Paul Bowers said on June 8. |
 Turkey’s profile is on the rise
President Gül states, “Turkey has become increasingly more recognized in the international arena. One of the main reasons for this is the country’s active foreign policy.” |
 Sberbank buys Denizbank
Russia’s largest lender, Sberbank, has reached an agreement with the Franco-Belgian lender Dexia to buy out Dexia’s Turkish unit Denizbank, according to local media reports citing Bloomberg News yesterday. |
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