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Turkey expects more Czech investments: Trade minister

- Obstacles must be removed for raising bilateral trade between Turkey and Czechia, Ruhsar Pekcan says

home > Finance, Invesments, Turkey, Europe 04.09.2019 09:03

Turkey expects more Czech investments: Trade minister

From Czechia to Turkey, $600 million of investments were made so far, Turkish side expects more, the Turkish trade minister said on Tuesday.

Turkey will be happy to see a joint technology investment in Turkey in technology based free zones, Ruhsar Pekcan stressed during a business dinner, hosted by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) in the capital Ankara.

Cooperation between the two countries has been continuing with close and constructive relations for a long time and it will continue by becoming strong, she added.

Pekcan highlighted obstacles must be removed for raising bilateral trade between the two countries.

Rifat Hisarciklioglu, the head of TOBB, said bilateral trade between Turkey and Czechia can be increased to $5 billion Turkey expects Czech investors.

"We are also ready to cooperate for directing Turkish investors to Czechia which has the best business and investment environment in central Europe," he underlined.

Turkish contractors can take part of infrastructure investments in Czechia, he added.

"Our contractors overtook 261 projects, including energy centrals, motorways, tunnels and bridges, worth $19 billion abroad last year."

Touching on the Turkish transportation sector, he said Czechia should raise the quota, which is annual 10,000 vehicles currently, for Turkish logistic firms.

Turkey also expects Czechia's support for modernization of the customs union and visa liberalization.

Andrej Babis, Czech prime minister, said Czechia aims to complete motorways network and invest in high-speed trains and two countries can cooperate in these areas.

Czechia exports 87% of its production to the EU countries and Czech companies should diversify their export markets, he added.

He also said Czech companies conduct projects successfully in areas of smart cities, mining and energy.

Karel Havlicek, the Czech industry and trade minister, stressed Czechia will continue to cooperate with Turkey, in especially energy, steel and medical sectors.

Reporting by Mehmet Fatih Erdogdu, Sevgi Ceren Gokkoyun and Aysenur Saglam

Writing by Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr


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Taiwan to build $100 million steel factory in Turkey

- Factory, which will employ 300, will be located in industrial province of Kocaeli in Marmara region
13.11.2019 Finance , Invesments , Turkey , Asia

Siemens Gamesa to supply 300 MW turbine plant in Taiwan

- Siemens Gamesa appoints preferred supplier for provision of turbines and service for offshore project in Taiwan
14.11.2019 Finance , Wind , General

Turkey, Denmark work closely for offshore wind growth

- Work includes tender design & procedures, financial framework, port infrastructure, and road map: Danish Embassy Counselor
14.11.2019 Wind , Projects , Invesments , Turkey , Europe

Oil down as Trump threatens China with more tariffs

- "... nobody’s cheated better than China," US President Donald Trump says
13.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

Alibaba’s Singles’ Day sales top $38.4 billion

- Chinese retailer's sales increase 26% on Nov. 11, compared to sales on same date last year
13.11.2019 Finance , World , Asia

German Uniper's EBIT falls by €183 million in 3Q19

- No surprises with nine-month earnings that are in line with expectations, says company CFO
12.11.2019 Finance , Europe , General

Maersk wins multi-million dollar North Sea deal

- Deal with Hungarian energy company MOL for jack-up rig, Maersk Interceptor, is valued at more than $16.5 million
12.11.2019 Finance , Europe , General

Turkey to boost geothermal using support mechanisms

- Risk mitigation tools and public engagement can facilitate new investments: European Geothermal Energy Council Sec.-Gen.
13.11.2019 Geothermal/Biomass , Invesments , Turkey

Oil recovers as Saudis to cut production for Aramco IPO

- Higher prices would benefit Saudi Aramco's initial public offering by rising investors' demand for company's shares
13.11.2019 Upstream , Stock Market , International Organization , Middle East-Africa

Saudi Aramco to sell 0.5% in IPO to retail investors

- Oil reserves of company, estimated at 209 billion barrels, comes in as second largest in world after Venezuela
12.11.2019 Oil , Invesments , Energy Projects , Middle East-Africa

Oil down slightly for week with oversupply, weak demand

- Oil prices fail to gain despite US-China trade optimism
09.11.2019 Upstream , Stock Market , International Relations , Asia , Americas

Spot market electricity prices for Saturday, Nov. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 131.86 million Turkish liras
08.11.2019 Electricity , Stock Market , Turkey

Spot market natural gas prices for Thursday, Nov. 7

- 1,000 cubic meters of natural gas in spot market costs 1,407 Turkish liras on Thursday
08.11.2019 Downstream , Stock Market , Turkey

Turkey introduces 4 new domestic boron products

- Turkey will produce 8% of world's boron carbide needs after Balikesir facility is completed, energy minister says
09.11.2019 Invesments , Energy Projects , Turkey

Oil rises as US, China to roll back tariffs for deal

- Approval of phase one of interim trade deal dependent on both countries removing reciprocal tariffs
08.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

Oil prices steady as markets await US-China trade deal

- Donald Trump, Xi Jinping meeting to sign phase one trade deal postponed to next month
07.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

'Philippines, Turkey to boost ties on defense, trade'

- Philippines to purchase Turkey-made Atak helicopters, earth movers, armored vehicles, says envoy
07.11.2019 Finance , Energy Security , International Relations , Turkey , Asia

Eurozone's retail trade volume up in September

- Croatia sees largest monthly increase in retail trade volume, Portugal posts highest decline
07.11.2019 Finance , Stock Market , Europe

Turkey to roll out digital currency soon

- Annual Presidential Program announces plan to establish financial technopark in Istanbul
07.11.2019 Finance , Projects , Turkey

Chesapeake net loss shrinks, revenue falls in 3rd qtr.

- Revenue decreases to $2.09 billion in third quarter of 2019, marking a 13.6% decline year-over-year
06.11.2019 Upstream , Upstream , Invesments , Americas

Turkey among top 5 in Europe in renewables investments

- Securing 1% energy efficiency is significant when Turkey's energy imports cost more than $45 billion, ENVER president says
06.11.2019 Renewable , Invesments , Turkey

Turkey to announce YEKA renewable tenders this month

- If local and renewable elec. production remains the same by year end, Turkey will save up to $1.5 billion, energy min. says
07.11.2019 Renewable , Invesments , Turkey

Oil prices down with crude inventory build in US

- US crude oil inventories are forecast to rise by 4.26 million barrels for week ending Oct. 31, according to API figures
06.11.2019 Refining/Petro Chemistry , Stock Market , Americas

Turkiye Finans lends €107 mln. for Kocatepe wind plant

- Bank is sole Turkish institution financing Kocatepe plant
06.11.2019 Wind , Invesments , Turkey

Turkey's renewable share in electr. at 46% in 10 months

- Local and renewable energy combined show record high share of 64% in electricity production, energy minister says
06.11.2019 Wind , Projects , Renewable , Turkey

Izmir becomes leading production center for wind tech.

- Turkey has foreign trade surplus in wind energy equipment, secretary general of Izmir's development agency says
06.11.2019 Wind , Invesments , Turkey

Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
05.11.2019 Upstream , Projects , Oil , Middle East-Africa

Oil prices down with oversupply, weak demand

- US oil output at record level, while US-China trade war remains unresolved
05.11.2019 Upstream , Stock Market , International Relations , Asia , Americas

Turkey's automotive exports reach $25.4B in 10 months

- Country's exports around $2.5B per month on average during January-October period, says exporters association
04.11.2019 Finance , Turkey

Saudi regulator approves Aramco's request to list

-CMA approved Aramco's request for initial public offering
04.11.2019 Oil , Finance , News from companies , Middle East-Africa , General

Fitch revises Turkey's outlook from negative to stable

- Credit agency affirms country’s 'BB-' rating
02.11.2019 Regulation , Invesments , Turkey , Americas

Spot market electricity prices for Sunday, Nov. 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 81.7 million Turkish liras
03.11.2019 Coal , Stock Market , Turkey

Spot market natural gas prices for Friday, Nov. 1

- 1,000 cubic meters of natural gas in spot market costs 1,425 Turkish liras on Friday
03.11.2019 Natural Gas , Stock Market , Turkey

Chevron's revenue, net income decline in third quarter

- Net income falls 36.3%, revenue decreases 17.9% year-over-year
03.11.2019 Oil , Stock Market , Americas

Turkey's daily power consumption up 2.17% on Nov. 1

- Turkey's electricity exports amount to 8,371 megawatt-hours, while imports reach 8,635 megawatt-hours on Friday
03.11.2019 Coal , Stock Market , Turkey

ExxonMobil net income, revenue down in third quarter

- Net income falls by 49.2%, while US upstream earnings decline 94% year-over-year
02.11.2019 Finance , Downstream , Americas , General

Oil steady after losses with US, China trade woes

- Oil prices lose more than 1.8% on Friday from previous trading session
01.11.2019 Oil , Stock Market , International Relations , Asia , Americas

Turkey has 70 GW of offshore wind potential: World Bank

- The most attractive areas for offshore wind in Turkey lie northwest in Aegean Sea, World Bank says
02.11.2019 Renewable , Wind , Invesments , Turkey

Baker Hughes income quadruples in third quarter

- Net income comes in at $57 million in July-September period, up from $13 million
31.10.2019 Oil , Invesments , Americas

Hess revenue falls, net loss widens in third quarter

- Company posts net loss of $205 million in third quarter, while revenue is down 17.5% from same period of last year
31.10.2019 Upstream , Invesments , Americas

Norway wealth fund CEO to step down after 12 years

- Slyngstad will focus on creation of a new renewable energy infrastructure investment area after new CEO is appointed
31.10.2019 Finance , Europe , General

Norway sovereign fund sees global returns of 1.6% in Q3

- Norway's giant fund boosted by US Investment in third quarter
01.11.2019 Finance , Europe , General

Oil prices recover with US Federal Reserve rate cut

- Crude prices, indexed to US dollar, show gains as cheaper greenback triggers rise in overall oil demand
31.10.2019 Oil , Stock Market , Americas

Turkey: Banking sector net profit at $6.4B in Jan-Sept

- Total assets of Turkish banking sector surge to reach $758.8B in first nine months, according to banking watchdog
31.10.2019 Finance , Turkey

Turkey needs to focus on gas production projects

- If Turkey becomes a trade hub, important opportunities will emerge for trade in Turkish lira, energy expert says
31.10.2019 Natural Gas , Invesments , Turkey , Eurasia

BP's third-quarter profits fall 41%

- The company's third quarter income falls to $2.3 billion in 2019, compared to $3.8 billion a year earlier
31.10.2019 Oil , Finance , International Organization , World
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