Any opportunity to reduce import dependence will be considered a big success, and Turkey's latest natural gas discovery cumulating in 540 billion cubic meters of reserves will help, according to Thomas Purdie, a research analyst at Wood Mackenzie.
Thousands of facilities and tour and transfer vehicles in Turkey have been granted the “Safe Tourism Certificate” through a program aimed at ensuring the safety of tourists, relevant staff and travelers from COVID-19.
Turkey aims to become a major player in advanced technologies and aims to have new “Turcorn” companies, Technology Minister Mustafa Varank has said.
The World Bank has raised its growth projection for the Turkish economy by 0.5 percentage points to 5 percent for 2021.
Turkey's gas discovery of 540 billion cubic meters (bcm) with a market value over $100 billion will be open for trading under the name ‘Black Sea Gas Contract’ in Turkey's future gas market which will launch on Oct. 1 in Istanbul, Mustafa Yılmaz, head of Turkey's Energy Market Regulatory Authority (EPDK) told Anadolu Agency on June 9.
The Turkish central government's gross debt stock amounted to 1.95 trillion Turkish liras ($235 billion) as of the end of April, official figures showed on June 8.
The Turkish Treasury borrowed around 1.8 billion Turkish liras ($209 million) from domestic markets, according to an official statement on June 8.
Turkey's calendar-adjusted industrial production index for April is expected to rise by 63.5% year-on-year, according to a survey on June 7.
Turkey's cumulative natural gas discoveries of 540 billion cubic meters (bcm) in the Black Sea could cover around 12 years of Turkey's current gas demand if fully recovered, according to principal Wood Mackenzie analyst, Ashley Sherman, on June 7.
The Turkish Treasury's cash balance posted a deficit of 29 billion Turkish liras ($3.36 billion) last month, the Ministry of Treasury and Finance announced on June 7.
Turkey is open to the option of drilling another exploratory well in the Black Sea this year following the discovery on Friday of 135 billion cubic meters of gas in the Amasra-1 well, Turkey’s Energy and Natural Resources Minister Fatih Dönmez said on June 7.
More and more Danish companies are focusing on Turkey as a regional hub for sector product and equipment sourcing and exports, according to the Danish Consul General, Anette Snedgaard Galskjot.