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Turkish business world backs government

- Turkey will overcome its financial difficulties in solidarity, say two major Turkish business groups

home > Finance, International Relations, Turkey 14.08.2018 12:04

Turkish business world backs government

The Turkish business world is offering support for the success of the measures and goals of the government's new economic prospective, two leading business institutions announced on Tuesday.

"We will overcome current financial difficulties in solidarity with our people," said in a joint statement issued by the Turkish Union of Chambers and Commodity Exchanges (TOBB) and the Turkish Industry and Business Association (TUSIAD).

"Preserving the production and employment capacity of the real sector carries the utmost importance," they added.

Stressing that the foundations of the country's economy are solid, they said: "Our economy is facing a delicate period due to global developments and internal dynamics."

To protect the real economy from a lasting impact, necessary measures must be taken promptly, the statement underlined.

The two institutions suggested a number of moves, including tighter monetary policy to stabilize exchange rates, austerity measures, a roadmap to permanently bring down inflation, strengthening relations with Turkey’s most important trade partner the EU, and continuing diplomatic efforts to urgently solve problems with the U.S. under a strategic partnership framework.

They also said: "The business world firmly believes that our economy will quickly return to balanced and sustainable growth through the application of these necessary measures."

Turkey’s new economic prospective was unveiled last week by Treasury and Finance Minister Berat Albayrak.

By Gokhan Ergocun

Anadolu Agency

energy@aa.com.tr


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15.01.2021 Finance , Americas , General

Venezuela open to foreign investment in oil sector

- In a bid to boost domestic output, government is welcoming foreign investment in sector, which has not occurred since 1990s
15.01.2021 Oil , Invesments , Americas , General

Spot market electricity prices for Friday, Jan. 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 182.44 million Turkish liras
14.01.2021 Electricity , Finance , General

OECD revises up Turkey's growth forecast for 2020

- Global body says Turkish economy's entrepreneurial power striking even under challenging macroeconomic conditions
15.01.2021 Finance , Turkey , General

Spot market natural gas prices for Wednesday, Jan. 13

- 1,000 cubic meters of natural gas on spot market costs 1,319 Turkish liras
14.01.2021 Electricity , Finance , General

Turkey's daily power consumption up 1.4% on Jan. 13

- Electricity exports amount to 4,783 megawatt-hours, while imports totaled 1,760 megawatt-hours
14.01.2021 Electricity , Finance , Turkey , General

Equinor chosen for largest-ever US offshore wind award

-With this award, Equinor and incoming strategic partner BP will provide 3.3 gigawatts of power to New York State
15.01.2021 Finance , Wind , Renewable , General

‘Cyprus solution must be based on sovereign equality'

- 50 years of talks on Cyprus issue have yielded nothing, with negotiations over federation exhausted, says TRNC president
14.01.2021 Finance , Energy Diplomacy , General

US renewable energy installation set to grow in 2021

- Solar energy will account for the largest share of new capacity at 39%, followed by wind at 31%
13.01.2021 Finance , Renewable , Americas , General

New Mexico to have largest wind installation in region

- New Mexico wind project will be capable of powering 590,000 homes
12.01.2021 Finance , Wind , Americas , General

Good infrastructure, incentives key for Turkish EV sales

- Consequences of novel coronavirus (COVID-19) pandemic will affect the numbers of individual car ownership
12.01.2021 Electricity , Finance , Renewable , Energy Projects

Enel, QIA form JV for renewables in Sub-Saharan Africa

- Solar and wind power plants in Sub-Saharan Africa to generate 800-megawatt capacity
11.01.2021 Finance , Renewable , Middle East-Africa , General

Germans want more clean energy: YouGov report

- Clean energy generated more than half of Germany's electricity mix in 2020 and most Germans are in favor of more expansion
11.01.2021 Finance , Renewable , Energy Projects , General

Turkey launches trade center in Chicago

- Country wants to expand Turkish exporters' network, creating new business opportunities in US
09.01.2021 Finance , Projects , Turkey

Biden rolls out stimulus plan, names economic team

- President-elect says 'anxiety and fear of' everyday workers remind him of economic crisis he helped lead US out of in 2009
09.01.2021 Finance , Americas

US economy loses 140,000 jobs, unemployment at 6.7%

- Unemployment rate remains unchanged after 7 consecutive months of decline, number of unemployed at 10.7 million
09.01.2021 Finance , Americas

Wind, water produce most of EU renewable power in 2019

- In 2019, renewable energy sources comprised 34% of gross electricity consumption in European Union
09.01.2021 Finance , Wind , Solar , Hydro , Europe

Turkey's gold production set to break records in 2021

- Despite pandemic, production target is achieved by prioritizing work safety and environmental responsibility
09.01.2021 Invesments , Energy Security , Turkey

2020 sees big developments in Baltic Sea offshore wind

-Poland, Germany, Denmark, Sweden, Finland, Lithuania, Estonia and Latvia sign declaration to boost offshore wind energy
09.01.2021 Finance , Wind , Renewable , Europe

EC gives €5M funding for combined wind/hydrogen project

- Multinational consortium and recipient of funding plan to start combined wind turbine and electrolyzer project in 2021
09.01.2021 Finance , Wind , Renewable , General

Siemens Gamesa seals its first wind project in Ethiopia

- The 100-megawatt wind farm will help power over 400,000 Ethiopian households
08.01.2021 Finance , Wind , General

Emerging markets attract $313B in 2020: IIF

- Portfolio flows stand at $45.9B in December, closing one of most volatile years, says Institute of International Finance
08.01.2021 Invesments

World Bank raises Turkey's 2020 growth projection

- Outlook for 2021 downgraded with sharp rise in new COVID-19 infections, weak tourism, tight monetary policy
06.01.2021 Finance , Turkey

Esenboga Elektrik pays in full for 11 solar power plants

- Approx. 20 million kWh of solar energy, $2.66M of sales revenue and $2.5M of net income are expected in 2021 from plants
31.12.2020 Electricity , Solar , Projects , Turkey

Spot market electricity prices for Monday, Dec. 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 160.84 million Turkish liras
27.12.2020 Electricity , Finance , Turkey , General

Spot market natural gas prices for Saturday, Dec. 26

- 1,000 cubic meters of natural gas on spot market costs 1,283 Turkish liras
28.12.2020 Natural Gas , Finance , Turkey , General

Turkey's daily power consumption down 6.5% on Dec. 26

- Electricity exports amount to 9,619 megawatt-hours while imports total 2,102 megawatt-hours
28.12.2020 Electricity , Finance , Turkey , General

Turkey's new lithium prod. plant to save $20M imports

- Eti Maden Lithium Production Plant is projected to meet half of Turkey's lithium demand in coming years
28.12.2020 Projects , Turkey

1st Turkish car's battery to be made indigenously : CEO

- As part of cooperation with global battery giant Farasis, joint venture to be formed in Turkey, CEO says
28.12.2020 Electricity , Projects , Turkey

Erdogan: Turkey should aim for high value-added exports

- Turkish president underlines need to increase value of exports per kilogram
26.12.2020 Finance , Turkey

‘Change in global supply chains requires innovation’

- Today major companies are those that allocate resources to innovation in technology, says Turkish trade minister
26.12.2020 Finance , Turkey

Turkish stocks see new all-time high at Thursday close

- Borsa Istanbul's BIST 100 rises 8.34 points from previous close
26.12.2020 Finance , Turkey , General

Turkey racks up $150M in defense exports to Tunisia

- Various armored vehicles to be at service of Tunisian security forces, says head of Turkey's Defense Industries Presidency
25.12.2020 Finance , Turkey , Middle East-Africa , General

Canadian Solar finalizes 290MW solar sale in Italy

- Falck Renewables buys remaining 30% share of Big Fish and Iron solar projects totaling over 290 megawatts in Sicily
24.12.2020 Finance , Solar , Energy Projects , General

Eni discovers oil in Western Desert of Egypt

-Eni's new discovery will add 10,000 barrels of oil per day to the current concession production
24.12.2020 Oil , Finance , Europe , General

Turkey to launch 1st lithium production plant on Dec 26

- President Erdogan will preside over launch of Eti Maden pilot lithium production plant on Saturday
24.12.2020 Projects , Turkey

Spot market natural gas prices for Tuesday, Dec. 22

- 1,000 cubic meters of natural gas on spot market costs 1,306 Turkish liras
23.12.2020 Natural Gas , Stock Market

Gazprom sees moderate gas export rise in Europe in 2021

- Russian company forecasts 183 billion cubic meters of gas exports in 2021 compared to 170 billion cubic meters this year
24.12.2020 Natural Gas , Finance , Eurasia , General

Turkey to continue exploration in E.Med until June 15

- Oruc Reis research vessel to conduct seismic studies in Eastern Mediterranean until June 2021
23.12.2020 Natural Gas , Finance , Europe , General
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