Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Oct. 25, the company said.
A new smart system has been developed in Turkey to warn residents about leaks in electric poles through sound and light, the country’s electricity company said on Oct. 24.
Turkey has all kinds of resources and infrastructure to take part more strongly in new investment and production networks depending on the transformation in global value chains, its trade minister said on Oct. 23.
Turkish Energy Minister Fatih Dönmez said on Oct. 22 that Turkey will operate the gas field which it recently discovered in the Black Sea on its own, but it may cooperate with foreign firms in terms of detailed work and equipment.
In a milestone general assembly of the Turkish GSM operator Turkcell on Oct. 21, shareholders of the company approved transactions that let Turkey Wealth Fund (TWF) acquire 26.2 percent of the stocks and become its controlling shareholder.
Turkey's Central Bank on Oct. 22 kept its one-week repo rate – also known as the policy rate – steady at 10.25 percent.
Turkey’s leading development bank has created a development fund to allocate money to businesses for “technology production with high added value,” the treasury and finance minister said on Oct. 21.
The gross debt stock of Turkey's central government stood at 1.86 trillion Turkish liras (around $237.8 billion) at the end of September, according to official figures released on Oct. 20.
Digital transformation will be critical in redesigning production to prioritize the environment for a sustainable future, a major Turkish business association said on Oct. 20.