Turkish business tycoon Güler Sabancı is among the world’s most powerful women, according to U.S. business magazine Forbes.
Over a billion air passengers were carried in the European Union in 2017, Eurostat said on Dec. 6.
Global demand for cement is seen growing by 1.5 percent next year, the World Cement Association said on Dec. 5, as economic risks and trade tensions weigh on the construction industry in many countries.
Ever since the advent of the neo-liberal agenda in the early 1980s, privatization has been presented as a panacea for all economic problems. Proponents have consistently talked about the benefits of reducing government size and personnel to ease the burden on national budgets and improve the overall economy. Neo-liberals were convinced by the free market efficiency and gave no credit to other points of view. Neither were they overly concerned about such issues as equality, public good, the importance of the state in maintaining social cohesion, or national security.
Turkey’s Akbank plans to increase its capital by 30 percent to 5.2 billion Turkish Liras ($966 million) through a rights issue, it said on Dec. 5.
Turkey and Azerbaijan will jointly produce freight cars for the Baku-Tbilisi-Kars railway (BTK), the Turkish transportation and infrastructure minister said on Dec. 5.
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
Turkey sold abroad over 90,337 tons of hazelnuts in the first three months of the export season, according to data from the Black Sea Exporters Association on Nov. 3.
A Japan-led public-private consortium is set to abandon a Turkish nuclear power project due to soaring costs, Japanese business daily Nikkei reported on Dec. 4.