Turkey Financial News

Posted by meb at February 23rd, 2007

Turkish Statistical Institute (TÜİK) has released the figures for new registration vehicles for December and the whole of the year 2006.
Total number of new registration vehicles rose in 2006 to 1,149,744 up from 988,620 in 2005.
The TÜİK English-language statement on the matter goes as follows:
Inside the 75 740 motor vehicles registered to the traffic in December 2006, cars were take put in the first place with the ratio 43.3 % (32 816) and it was fallowed by small trucks with the ratio 25.4 % (19 223), motorcycles (more…)

Posted by meb at February 23rd, 2007

The Grand National Assembly of Turkey (TBMM) Industry, Trade, Energy, Natural Resources, and Informatics&Technology Commission has passed the nuclear power plants bill with some changes at its meeting, yesterday.
Energy and Natural Resources Minister Hilmi Güler told the commission that the new draft bill is better then the former in bringing much less burden to the public finances and they would collect bids from private investors and (more…)

Posted by meb at February 23rd, 2007

Analysis by Jason Nash, Oxford Business Group (via Today’s Zaman)

The government’s decision to postpone the privatization of three electricity distribution grids, TEKEL’s tobacco arm along with the announcement that Halkbank would not in fact go for a block sale but rather a 25 percent IPO, was unexpected. Though FDI projections for 2007 have been revised, predictions on the inflow of foreign investment remain robust for the year.
Both the foreign and local business community put the delay of big-ticket private entities down to the election year, with the government (more…)