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NEW DEVELOPMENTS IN THE TURKISH AEROSPACE INDUSTRY Aircraft and spacecraft production in Turkey has reached approximately 1.8 billion dollars as of 2019. It is predicted that the market will double its size in 10 years, with an annual average growth of 8.6% until 2030. Turkey plays a key role in global defense industry production. Our country has ma...

RENEWABLE ENERGY NEWS OF TURKEY: SOLAR TENDER According to the announcement on the website of the Ministry of Energy and Natural Resources, the competitions on Renewable Energy Resource Areas Based on Solar Energy (YEKA GES-3) and Allocation of Connection Capacity will be held on May 24-27. 55 competitions will be held between these dates. With...

TURKISH AUTOMOTIVE SECTOR SUCCESS Automotive Industry Association (OSD) announced the production, export numbers and market data for the January-April 2021 period. Accordingly, the base effect, which occurred due to the automotive industry’s interruption to its production last year within the scope of the epidemic measures, was re...

BİTCİ TECHNOLOGY TO DEVELOP PROJECT FOR FORMULA 1 TEAM McLAREN Bitci Technology will implement a special token project for the McLaren Formula 1 Team. With the agreement that will be valid for 3 + 2 years, the local blockchain developed by Turkish engineers will be used for the first time in the Formula 1 organization. Bitci Teknoloji, which has managed to expo...

TURKEY: 5TH BIGGEST WIND POWER INVESTOR IN 2020 Turkey has been ranked as the fifth-biggest wind power investor in Europe in 2020 with €1.6 billion, according to WindEurope’s report. The Financing and Investment Trends in the European Wind Industry in 2020 report said that investments in offshore wind farms hit a record €26.3 billion, while...

NATURAL STONE SECTOR IN TURKEY Natural stones are the oldest commercially available building materials after being extracted from nature. Throughout history, it has been used by human beings in buildings and monuments due to its beauty and durability. Natural stones, whose use has increased over time, are used especially in const...

THE IMPORTANCE OF BIOTECHNOLOGY AND TURKEY’S ACTIONS IN THIS FIELD Under the leadership of BİYOSAD, the Biotechnology Valley Project, which is carried out under the Ministry of Industry and Trade, is being established in Tuzla district of Istanbul with an investment of 12 billion TL. Within the scope of the project, companies at all levels, from giant investors to...

TURKEYS RISING INFORMATION TECHNOLOGIES SECTOR Logo Group Senior Manager Buğra Koyuncu explaining that the size of the information and communication technologies market in Turkey is 152 billion worth and said: ” In this, the information technologies part represents a size of 56 billion TL. This too; It consists of three basic components as ha...

WIND ENERGY INVESTMENTS BOTH FROM TURKEY AND SPAIN Turkey Wind Energy Association Chairman Erol Güray, considering the feasibility of the investment return and the production capacity of the projects res mini YEKA 20, 30 and 50 can be determined as said megawatts. Stating that different investors can participate in such tenders and it would be poss...

THE RISING TURKISH INDUSTRY SECTOR The industrial production index rose by 1.3% on a monthly basis and 9% on an annual basis in December 2020. Turkey Statistical Institute (TSI), 2020 has announced the results of industrial production index for December. Accordingly, when the sub-sectors of the industry are examined, the mining and q...

TURKEY’S EXPORT FIGURES AND FOREIGN TRADE RELATIONS WITH ITALY The provisional foreign trade announced the data for January, created by the Ministry of Commerce and Turkey Statistical Institute cooperation. Accordingly, within the scope of the General Trade System (GTS), exports increased by 2.3 % to 15 billion 45 million dollars in January compared to the same...

CAN FOREIGNERS OPEN A NEW COMPANY IN TURKEY? Within the scope of the Law No. 4875 on “Foreign Direct Investments”, foreign investors have been provided with the same rights as local investors in line with the principle of equal treatment. According to this law, foreign investors can establish all types of companies included in the Turkish ...