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Eurozone business activity expands at fastest pace in nearly year
Eurozone business activity expands at fastest pace in nearly year
By admin on July 24, 2024 |
Business
- Business
Business activity in the eurozone grew at its fastest pace in nearly a year in April, a survey showed on Monday, as a resurgence in...
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Nervous of trailing behind GOP, Democrats try to embrace AI
Nervous of trailing behind GOP, Democrats try to embrace AI
By admin on July 22, 2024 |
Business
- Business
Campaigners for U.S. President Joe Biden and the Democrats are in a fierce race with Republicans over who can best utilize artificial intelligence, a technology...
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End of the road: Europe’s auto suppliers navigate turbulencies
End of the road: Europe’s auto suppliers navigate turbulencies
By admin on July 22, 2024 |
Business
- Business
For two decades, Emrullah Karaca has been manufacturing brakes. However, due to the impending closure of the Continental factory in northern Germany, where he is...
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China’s services activity slows down in April but remains solid
China’s services activity slows down in April but remains solid
By admin on July 17, 2024 |
Business
- Business
China's services activity expansion slowed mildly in April amid rising costs, but growth in new orders fastened, and business sentiment rose solidly, boosting hopes of...
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Coal-heavy Bulgaria faces losing battle against EU Green Deal
Coal-heavy Bulgaria faces losing battle against EU Green Deal
By admin on July 17, 2024 |
Business
- Business
The European Union's plans of phasing out coal are facing resistance in Beli Bryag, a Bulgarian mining village that was already uprooted to make way...
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Turkish banking sector posts net profit of nearly $4.8B in Q1
Turkish banking sector posts net profit of nearly $4.8B in Q1
By admin on July 17, 2024 |
Business
- Business
Türkiye’s banking sector posted a net profit of TL 153.5 billion ($4.75 billion) in the first three months of the year, the country’s banking watchdog...
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Türkiye pinpoints May as inflation peak month, sees steep summer drop
Türkiye pinpoints May as inflation peak month, sees steep summer drop
By admin on July 13, 2024 |
Business
- Business
Vice President Cevdet Yılmaz on Sunday emphasized the necessity for an all-out battle against Türkiye's persistently elevated inflation, expressing optimism for a significant loss in...
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Red Sea disruption could cut Asia-Europe capacity by 20%: Maersk
Red Sea disruption could cut Asia-Europe capacity by 20%: Maersk
By admin on July 13, 2024 |
Business
- Business
Shipping group Maersk said on Monday that disruptions to container shipping traffic in the Red Sea are increasing and that the industry's capacity between Asia...
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Türkiye sees ‘positive’ impact from gold import curbs
Türkiye sees ‘positive’ impact from gold import curbs
By admin on July 10, 2024 |
Business
- Business
The Treasury and Finance Ministry said Monday that the quota application measure, which has been in force since August last year and limits the imports...
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Novo Nordisk lifts 2024 outlook on weight-loss drug demand
Novo Nordisk lifts 2024 outlook on weight-loss drug demand
By admin on July 10, 2024 |
Business
- Business
Danish pharma giant Novo Nordisk lifted its 2024 outlook on Thursday and delivered better-than-expected first quarter profits as the company races to boost the output...
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OECD hikes Türkiye’s growth outlook to 3.4% in 2024
OECD hikes Türkiye’s growth outlook to 3.4% in 2024
By admin on July 10, 2024 |
Business
- Business
Türkiye's economy is forecasted to grow at 3.4% this year and 3.2% in 2025, the Organization for Economic Co-operation and Development (OECD) said in its...
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Terminal in NW Türkiye paves way for reducing Red Sea transit times
Terminal in NW Türkiye paves way for reducing Red Sea transit times
By admin on July 6, 2024 |
Business
- Business
One of the largest container terminals in Türkiye, DP World Yarımca, situated in northwestern Kocaeli province has paved the way for reducing trade times between...
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Türkiye’s annual inflation accelerates to 69.8% in April
Türkiye’s annual inflation accelerates to 69.8% in April
By admin on July 6, 2024 |
Business
- Business
Annual inflation in Türkiye rose below expectations in April but still reached the highest level since late 2022, official figures showed Friday, amid strong rises...
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Apple surges on optimistic outlook, record $110B stock buyback
Apple surges on optimistic outlook, record $110B stock buyback
By admin on July 6, 2024 |
Business
- Business
Shares of Apple rose 6% in extended trade as the company posted better-than-expected quarterly results on Thursday and unveiled a record share buyback program, igniting...
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Global food prices jump in April for 2nd month: UN agency
Global food prices jump in April for 2nd month: UN agency
By admin on June 25, 2024 |
Business
- Business
World food prices rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils and cereals outweighed declines...
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South Korea targets ‘shrinkflation’ with fines on food suppliers
South Korea targets ‘shrinkflation’ with fines on food suppliers
By admin on June 25, 2024 |
Business
- Business
Food makers and suppliers in South Korea will be required to alert consumers if they cut the size of their products or risk fines of...
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Türkiye, Germany to explore economic potential at special event
Türkiye, Germany to explore economic potential at special event
By admin on June 21, 2024 |
Business
- Business
Major trading partners, Türkiye and Germany are set to explore economic ventures between the two countries at an event set to be held in the...
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Türkiye climbs to 4th spot in Europe for FDI projects in 2023: EY
Türkiye climbs to 4th spot in Europe for FDI projects in 2023: EY
By admin on June 21, 2024 |
Business
- Business
Türkiye emerged as the fourth country in Europe in terms of the number of foreign direct investment (FDI) projects in 2023, which increased 17% year-over-year,...
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Baykar’s new drone breaks altitude record with indigenous engine
Baykar’s new drone breaks altitude record with indigenous engine
By admin on June 18, 2024 |
Business
- Business
Powered with a domestically produced engine, the Bayraktar TB3 unmanned combat aerial vehicle (UCAV) completed its 34th and 35th flight tests, breaking the altitude record...
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Türkiye ceases all trade with Israel over Gaza atrocities
Türkiye ceases all trade with Israel over Gaza atrocities
By admin on June 18, 2024 |
Business
- Business
Türkiye has announced it is suspending all trade activities with Israel over its relentless military campaign against Palestinians in Gaza until a permanent cease-fire is...
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Mediterranean gem Antalya attracts over 2M tourists in 4 months
Mediterranean gem Antalya attracts over 2M tourists in 4 months
By admin on June 15, 2024 |
Business
- Business
Türkiye's major tourist hub, Antalya welcomed over 2 million foreign visitors in the first four months of the year, marking the best start to the...
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McDonald’s reports mixed Q1 performance amid Mideast pressure
McDonald’s reports mixed Q1 performance amid Mideast pressure
By admin on June 15, 2024 |
Business
- Business
Fast food service retailer McDonald’s reported mixed quarterly results on Tuesday but said higher U.S. sales in the first quartal helped it overcome weakness in...
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Ex chief, founder of Binance Zhao sentenced to 4 months in US
Ex chief, founder of Binance Zhao sentenced to 4 months in US
By admin on June 13, 2024 |
Business
- Business
Changpeng Zhao, the founder and former chief executive of the world's largest cryptocurrency exchange, Binance, was sentenced on Tuesday to four months in prison after...
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World Bank official commends Türkiye’s efforts on climate change
World Bank official commends Türkiye’s efforts on climate change
By admin on June 13, 2024 |
Business
- Business
The World Bank's country director for Türkiye commended on Tuesday the country's efforts to tackle climate change, saying that initiatives in this field will also...
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South Korea confirms talks on AUKUS pact with US, UK, Australia
South Korea confirms talks on AUKUS pact with US, UK, Australia
By admin on June 13, 2024 |
Business
- Business
South Korea has held discussions about joining a part of the AUKUS defense deal between the U.S., United Kingdom and Australia, Defense Minister Shin Won-sik...
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Posts tagged as “Türkiye’s Energy Strategy and Political Research Center (TESPAM)”

Black Sea gas to contribute billions of lira to Türkiye’s budget

Black Sea gas to contribute billions of lira to Türkiye's budget

Black Sea gas to contribute billions of lira to Türkiye’s budget

By admin on April 19, 2023

Annual output of Black Sea gas in first production phase is estimated in region of 3.6 billion cubic meters