Turkish gas distributor Palmet is in talks to acquire the Turkey energy business of Germany’s EWE, an official from Palmet said on Jan. 17, after Azeri state firm SOCAR confirmed it had withdrawn from discussions to buy the assets.
Turkey’s outstanding foreign debts in the private sector decreased in the period from December 2017 to November 2018, the Central Bank has said.
Turkish Airlines will launch flights from Istanbul to two cities of Mexico in August, according to a company announcement.
The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates have shown, as contractors and even the Coast Guard go without pay and talks to end the impasse seemed stalled.
A presidential decree published in the Official Gazette has set customs duty on onions to zero temporarily.
Turkey’s budget deficit stood at 72.6 billion Turkish Liras ($14.8 billion) in 2018, meeting a year-end target under the country’s new economic program, Treasury and Finance Minister Berat Albayrak said on Jan. 15.
The unemployment rate in Turkey increased to a 19-month high of 11.6 percent in October, the Turkish Statistical Institute (TÜİK) revealed on Jan. 15.
Volkswagen AG and Ford Motor Co are expected to unveil an alliance on Jan. 15 that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology, moves meant to save the automakers billions of dollars.
Turkey’s textile industry foresees weaker demand in the domestic market as rising costs will push prices higher, but hopes to boost exports this year.
Carmaker Anadolu Isuzu, a joint venture between Turkish conglomerate Anadolu Holding, Isuzu Motors and Itochu Corporation, will halt production for a total of 26 days between Jan. 14 and April 13 due to weak demand in the domestic market.