Turkey held the second wind power plant tender as part of its Renewable Energy Resource Zones (YEKA) project. The total 1 GW tender was split into 250 MW each across four provinces in Turkey—Aydın, Muğla, Balıkesir, and Çanakkale.

President Recep Tayyip Erdoğan chaired the 6th meeting of the Reform Action Group held on May 9, 2019, under the coordination of Directorate for EU Affairs, Ministry of Justice, Ministry of Foreign Affairs, Ministry of Treasury and Finance, and Ministry of Interior.

The Turkish economy is continuing its rebalancing, rebounding on the back of industrial production, which expanded for the third consecutive month through March. Capacity utilization rate in manufacturing reached 75 percent in April, while employment generated 68,000 new jobs in February and retail sales rose for the third consecutive month through March.

In the lead up to the local elections on March 31, 2019, President Recep Tayyip Erdoğan held public meetings throughout Turkey, where he inaugurated a number of infrastructure investments and heralded new ones in the pipeline.

FDI inflow into Turkey totaled USD 13.2 billion in 2018, up 14 percent year-on-year at a time when the global appetite for FDI shrank a considerable amount. This shows that despite all the adversities Turkey has undergone in the past two years, there has been no decrease in investor appetite in the country.

Japanese technology giant Secom and Turkish financial technology company Aktif Bank, a subsidiary of Çalık Holding, have jointly announced the establishment of Secom Aktif Yatırım A.Ş., a 50:50 partnership that will offer end-to-end security solutions to companies and individual users with its turn-key project models.

US-based food and beverage giant PepsiCo commissioned its sixth production facility in Turkey with a ceremony honored by President Recep Tayyip Erdoğan.

US-based food and beverage giant PepsiCo commissioned its sixth production facility in Turkey with a ceremony honored by President Recep Tayyip Erdoğan. Giving an address at the inauguration of the facility located in the country’s Manisa province, President Erdoğan said that the Turkish economy continues to be a safe harbor for international investors despite all of the instabilities that have occurred in surrounding countries.

Our quarterly regional theme to be published in full on 20 December analyses trade and investment relations between the Middle East & North Africa (MENA) and Turkey. It highlights the inroads Turkey has been making into MENA economically since 2002, while also noting recent rifts between the two sides.

General Electric Aviation opened the Additive Manufacturing Technologies R&D Laboratory in TÜBİTAK Marmara Technopark Free Zone in a bid to support Turkey’s R&D know-how, develop state-of-the-art technologies, and thus foster competent engineers and researchers.