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US bans laptops and tablets in cabins on flights from 8 Muslim Countries

By   /  22/03/2017  /  Business, TR Business, Turkey  /  No Comments

  Τhe ban imposed by the US concerning the transfer of electronic devices larger than a mobile phone onboard aircraft taking off eight Muslim countries caused shock in Turkey. Ankara did not expect the ban which will cause it great financial damage especially becauseTurkish Airlines has been developing rapidly in recent years. Resentment in the […]

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Turkey’s tourism industry in crisis

By   /  20/03/2017  /  Business, Finance, TR Business, TR Finance, Turkey  /  No Comments

  2016 seems to have been the most difficult year in recent years for the Turkish tourism industry, as the Turkish economy received $10 billion less in tourist spending compared with 2015. According to official data from the Turkish Statistical Authority,  in 2016  Turkey received 15.9 billion USD compared to 2015 when this figure had […]

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The decline of Turkish tourism major blow for economy

By   /  11/01/2017  /  Business, Headlines, Social, TR Business, TR Social, Turkey  /  Comments Off on The decline of Turkish tourism major blow for economy

10.7 million less tourists in the first 11 months of 2016 Predictions are worse for 2017 According to official figures from the Turkish Ministry of Tourism, during the January -November 2016 period the drop in tourist arrivals reached 35%. Tour operators speak of a fall of over 45%, while after the December hits the drop […]

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New ferry link between Thessaloniki and Izmir expected to start in 2017

By   /  26/10/2016  /  Business, Finance, GR Business, GR Finance, Greece, TR Business, TR Finance, Turkey  /  Comments Off on New ferry link between Thessaloniki and Izmir expected to start in 2017

Greece and Turkey’s transport ministries are expected to sign in the following days a memorandum for a ferry link between Thessaloniki and Izmir, Thessaloniki mayor Yiannis Boutaris said on Tuesday during a meeting of the city council. Boutaris said the new route could start in the first months of 2017 and will bring significant economic […]

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Shortage of tourists forces 600 shops to go out of business in Istanbul’s “Grand Bazaar”

By   /  10/10/2016  /  Business, Headlines, TR Business, Turkey  /  Comments Off on Shortage of tourists forces 600 shops to go out of business in Istanbul’s “Grand Bazaar”

Istanbul, October 10, 2016/Independent Balkan News Agency By Manolis Kostidis Major reduction of tourism in Turkey Similar problem in Beyoglu The Grand Bazaar of Istanbul – which is considered one of the most important tourist attractions as well as a history of 550 years and includes 3,600 shops – is facing a major crisis, as […]

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8000 companies are being investigated for affiliations with Gulen

By   /  05/09/2016  /  Business, Politics, Social, TR Business, TR Politics, TR Social, Turkey  /  Comments Off on 8000 companies are being investigated for affiliations with Gulen

Ankara, September 5, 2016/Independent Balkan News Agency By Manolis Kostidis The Turkish State confiscated USD 4 billion-worth real-estate Gulen had activities everywhere The arrests of tens of thousands of Turkish citizens on suspicion and charges of being affiliated with the Islamic order of Imam Fethullah Gulen continues unabated. Gulen is being accused of having organized […]

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Turkey unveils 3rd Bosphorus bridge

By   /  26/08/2016  /  Business, Finance, Politics, Social, TR Business, TR Finance, TR Politics, TR Social, Turkey  /  Comments Off on Turkey unveils 3rd Bosphorus bridge

Istanbul, August 26, 2016/ Independent Balkan News Agency By AA A third bridge spanning Istanbul’s Bosphorus waterway opened Friday with a ceremony attended by President Recep Tayyip Erdogan and Prime Minister Binali Yildirim. “We are connecting continents,” Erdogan said. “We are celebrating together and we are very proud of it. The nation deserves this. With […]

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Turkey third in the list of foreign investors in BiH

By   /  09/08/2016  /  BA Business, Bosnia & Herzegovina, Headlines, TR Business, Turkey  /  Comments Off on Turkey third in the list of foreign investors in BiH

Sarajevo, August 9, 2016/Independent Balkan News Agency By Mladen Dragojlovic Economic cooperation between BiH and Turkey is growing in the last several years and this country has become the third biggest foreign investors in BiH. Along with direct investment, Turkey is implementing various projects to support investments that will give impulse to production, and thus […]

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Turkish delegation in Gaza to discuss electricity crisis

By   /  12/07/2016  /  Business, Energy, Politics, Social, TR Business, TR Energy, TR Politics, TR Social, Turkey  /  Comments Off on Turkish delegation in Gaza to discuss electricity crisis

Ankara, July 12, 2016/ Independent Balkan News Agency A delegation from Turkey’s Energy and Natural Resources Ministry is currently visiting the Gaza Strip to discuss means of meeting the coastal enclave’s demand for electricity. The visit came two weeks after Ankara and Tel Aviv agreed to normalize relations following a six-year hiatus. According to ministry […]

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Record traffic at Istanbul airports

By   /  12/07/2016  /  Business, Finance, TR Business, TR Finance, Turkey  /  Comments Off on Record traffic at Istanbul airports

Istanbul, July 12, 2016/ Independent Balkan News Agency By Manolis Kostidis Construction of new airport continues The terrorist attack by three suicide bombers who struck at the Istanbul Atatürk Airport 15 days ago has stopped the airport braking another record. According to the Turkey Airports Management Service (DHMİ) on 10 July a total of 1443 […]

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