Turkish automotive firm delivers 150 buses to Ukraine.

Turkish vehicle manufacturer Karsan, which offers transportation solutions suitable for today's mobility needs with its products, sent dozens of electric busses to Ukraine. The company said in a statement Wednesday it delivered 150 buses to Ukraine in 2021. Karsan's diesel-powered Jest+ and Atak buses have been integrated into the public transport fleet of Ukraine's Kharkiv municipality, the...

Turkish Manufacturing activity continues to improve in December

Factory activity in Turkey expanded in December as firms hired more staff to enlarge their capacity despite a slowdown in actual output and new orders amid lira swings, a survey showed on Monday. The Purchasing Managers’ Index (PMI) for manufacturing ticked up to 52.1 in December from 52 a month earlier, data from the Istanbul Chamber of Industry (ISO) and IHS Markit showed. Continued job creation...

House Sales Statistics, November 2021

In November, 178 thousand 814 houses were sold in Turkey In Turkey, house sales increased by 59.0% in November compared to the same month of the previous year and became 178 thousand 814. İstanbul had the highest share with 17.7% and 31 thousand 706 house sales. The followers of İstanbul were Ankara with 17 thousand 117 house sales and İzmir with 11 thousand 116 house sales with the share of 9.6%...

Airports in Istanbul host 49% more travelers than in 2020

The number of passengers traveling from Istanbul's airports in the first 11 months of the year increased by 49% compared to the same period of 2020. Turkish civil aviation, which has overcome the negative impact of the COVID-19 pandemic, has started to gain momentum again in terms of flight frequency and passenger density. There was a significant increase in passenger and flight statistics at...

UK Bank Provides $1.4 Billion For Turkey’s Railway Project

A green financing deal worth 1.24 billion euros ($1.40 billion) for the Turkish Finance Ministry has been signed to fund the development of a new high-speed railway line in northwest Turkey, Standard Chartered Bank said. The 200-kilometer (125-mile) railway track being developed by Turkey's Ministry of Transport and Infrastructure via the General Directorate of the Infrastructural Investment (AYGM) is...

Istanbul most affordable place to relocate in the world: UK-based study

Turkey’s largest city Istanbul has been chosen as the most affordable city in the world to relocate to, according to a study by a U.K.-based credit broker. The research conducted by money.co.uk took into consideration factors like house prices, living costs, and average salary to determine the most affordable places to relocate. With an annual living cost of 12,753 British pounds (TL 231,271),...

Turkey closes borders to five countries due to new COVID-19 variant

Turkish Health Minister Fahrettin Koca announced that the country imposed a ban on travel from five African countries after the emergence of a new coronavirus variant. Travelers from Botswana, South Africa, Mozambique, Namibia, and Zimbabwe will not be allowed to enter as of Nov. 26 night due to rising cases of the new variant, Koca said in a tweet. The World Health Organization has declared the new...

Turkey and United Arab Emirates signed an agreement that including investment in 9 fields

De facto leader of UAE  Crown Prince Mohammed bin Zayed al-Nahyan went to Ankara with the aim of a formal visit. al-Nahlan met President Recep Tayyp Erdoğan. After the meeting, an agreement that includes investment in 9 fields has been signed. Investment agreement covers energy, petrochemistry, technology, transportation, infrastructure, healthy, financial services, nourishment and agriculture. ...

Erdogan: EU should take concrete steps on relations with Turkey

Turkish President Recep Tayyip Erdogan has urged countries of the European Union to take “concrete steps” to develop ties with Turkey, a candidate for EU membership. “We, as Turkey have displayed our principled attitude and efforts in favor of dialogue and diplomacy with the aim of implementing a positive agenda,” Erdogan told a joint press conference on Wednesday with Spanish Prime Minister...

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