Turkey Financial News

Posted by meb at July 2nd, 2008

Turkey is among the top 20 economies in the world, said the chairman of the Turkish Exporters’ Assembly, or TIM, while revealing the June export figures in the Tarsus district of Mersin yesterday. “This is not an accomplishment to be belittled,” said Oğuz Satıcı.

Turkey’s exports increased 34.88 percent in June to $12.74 billion compared to the same period last year, he said. During the first six months of the year, exports increased 36.07 percent to reach $67.14 billion. The country’s exports rose almost 30 percent to $123.76 billion in the past 12 months.
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Posted by meb at June 11th, 2008

A new survey has found that İstanbul ranks 114th among 215 cities around the world in terms of quality of living.

According to Mercer’s 2008 Quality of Living survey, European cities dominate the rankings of locations with the best quality of living, while İstanbul ranks 114th. Last year İstanbul was in 121st place. Zurich retains its 2007 title as the top location for overall quality of living, followed by a tie between Vienna and Geneva and then by Vancouver and Auckland. (more…)

Posted by meb at May 26th, 2008

Turkish filmmaker Nuri Bilge Ceylan has taken out the Best Director Award at this year’s Cannes Film Festival with his drama Three Monkeys.

The director’s award, presented on the last day of the 61st Cannes festival, is one of the premier awards of the event and one of the highest forms of recognition that a director can receive. (more…)

Posted by meb at April 10th, 2008

For some of them it took 48 hours to get to Turkey. Foreign Ministers of South Pacific Islands had to endure a long trip to attend a meeting in Istanbul yesterday.

Turkish Foreign Minister Ali Babacan invited officials from the 16 member countries of the Pacific Islands Forum to attend the first ever meeting between Turkey and these distant nations. The majority of the Turkish public is unaware even of the existence of these states, some of which are islands as small as 26 square kilometers. The Republic of Tuvalu for example might cease to exist in the future as the island’s highest point – only five meters – will be absorbed by the Pacific Ocean as a result of global warming. (more…)

Posted by meb at April 9th, 2008

İstikbal, a subsidiary of leading Turkish conglomerate the Boydak Group, has developed a new fabric that blocks 98.5 percent of electromagnetic waves and heralds it as an innovative product with potential applications in both homes and industry.

The company started out with research and development at its Kayseri facilities with the aim of producing a fabric not injurious to health using nanotechnology that would provide healthier sleep for consumers. However the project yielded unexpected results, creating a fabric that can be used in a wide range of fields from construction to the defense industry. The “Biocare” fabric blocks electromagnetic waves from electronic appliances such as mobile phones, microphones, microwave ovens and wireless communication devices. (more…)