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Turkey
Turkey: More Than 4,000 Injured
Three persons have now lost their lives in the protests. 43 persons are in critical conditions. Erdogan announced to keep to the controversial project.
June 6, 2013
Papa: CEESE To Keep Growth Advantage
Deputy CEO of Bank Austria Papa sees a long-term potential in CESEE countries. Bank Austria is expecting a growing credit business apart from the favorable economic outlook in the region.
June 6, 2013
Turkey: Protests Continue
After trade union KESK aligned with demonstrators, the government offered a chance for negotiations for the first time.
June 5, 2013
Turkey: Protests Claimed Life of At Least One Person
According to the medical association at least one protestor was killed in Istanbul. Despite of unequaled violence by the police protests against Prime Minister Erdogan will not break down.
June 3, 2013
Turkey: Next Step Towards EU
According to Reuters, Turkey can now hope for its long-awaited next step towards an EU entry in June. France has lifted its opposition to the country’s EU Accession talks. Experts point out the great economic potential the country offers.
May 28, 2013
Turkey Wants FTA with US
Turkey is eager for a free trade agreement (FTA) with the U.S.
May 24, 2013
Joint Nabucco-Declaration Signed by Governments
Austria, Hungary, Romania, Bulgaria, Turkey adopt Nabucco joint declaration.
May 22, 2013
US and Turkey to Establish High-Level Committee For Trade and Investment
US and Turkey intend to boost bilateral relations and trade, President Obama and Prime Minister Erdogan announced.
May 17, 2013
Bosnia, Serbia and Turkey to Sign Economic and Trade Agreement
Ministers for trade and economy from Ankara, Belgrade and Sarajevo agreed to improve economic relations in an effort to enhance shared trade.
May 15, 2013
Gazpromneft-Aero Signed Major Contract With Turkish Airlines
Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.
May 8, 2013
Istanbul to Receive € 22bn for World's Largest Airport
Today, a Turkish construction consortium has secured itself a record sum of around € 22bn for the contract of the construction of the world’s biggest airport in Istanbul.
May 3, 2013
Turkey: CEZ Partner to Sell Stakes
CEZ's Turkish JV partner Akkok in talks about possible sale of its stake in SEDAS
April 30, 2013
Romania: OMV Petrom, Exxon And Transgaz To Team Up
According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.
April 30, 2013
Verbund AG: Closing of The Asset Swap With E.ON
Verbund, Austria’s leading electricity company, and E.ON, one of the world’s largest energy providers, finalised the asset swap that was signed on 3 December 2012.
April 26, 2013
Turkey's Borsa Istanbul Second Most Lucrative in The World in March
The Borsa Istanbul 100 (BIST 100) index provided the second biggest yield in March worldwide, following the Buenos Aires Bourse.
April 25, 2013
Turkey: Economy Performing “Wonderfully”
Turkey has been performing wonderfully since the latest global economic crisis, according to a senior official at the World Bank responsible for Turkey.
April 24, 2013
US KFC And Pizza Hut Brands Officially Sold In Turkey
US Corporation Yum! Restaurants International, which is active in more than 125 countries, has officially acquired 65 KFC and 41 Pizza Hut restaurants in Turkey from Szer Group.
April 23, 2013
Former Polish President: “EU Needs Ukraine”
In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.
April 22, 2013
Austria and Turkey to Deepen Relations
Justice Minister Karl wants to improve cooperations with Turkey.
April 17, 2013
Russia: Most Important Future Market for Opel
Head of General Motors, Dan Akerson, regards Russia as the most important future market for Opel.
April 15, 2013
Cyprus Airways Threatened With Bankruptcy
According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.
April 4, 2013
Eder: Future of Voestalpine and Steel Manufacturing Industry
In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.
April 4, 2013
Turkey’s Hopes of a Reunited Cyprus
The financial crisis in Cyprus is, according to Turkish President Abdullah Gül, an important opportunity to overcome the seperation of Cyprus.
April 4, 2013
New opportunities for Lithuanian and Turkish business
Lithuanian President Dalia Grybauskaitė together with Turkish leader Abdullah Gül opened the Lithuania-Turkey business forum.
April 4, 2013
Cyprus: No Hope in Sight Yet
It is still uncertain if an agreement with Russia about the sale of gas fields can be found. President of the EU commission has joined the talks in Moscow.
March 20, 2013
Hungary: Number of Emigrants to Austria Increases
More and more Hungarians emigrate to Austria due to economic and political reason.
March 14, 2013
Turkey: Economic Imbalances Become More Visible
Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.
March 13, 2013
Recession in Euro-Area Still Affects CESEE Countries
According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.
March 7, 2013
Turkey: Erdogan Arouses Harsh Criticism by Equaling Fascism and Zionism
At the UN conference in Vienna Turkeys Prime Minister obtained harsh criticism for his speech. The UN distanced itself from the statements.
March 2, 2013
CESEE: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Austria: Number of Naturalisations Increases
7 107 persons acquired Austrian citizenship in 2012.
February 18, 2013
Turkey Plans to Build First Nuclear Power Plant
In order to become energy autonomous, the country wants to put a nuclear power plant into operation in six years.
February 16, 2013
EU Foreign Trade with Russia and Turkey Growing Strongly
Last year, the EU has achieved a trade surplus of € 105bn. The trade surplus with Turkey was up by € 25bn. Exports to Russia were up by 15%.
February 15, 2013
Boom Market Turkey: Overheating or an Investment Opportunity?
Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.
February 11, 2013
Erdogan Praises Slovakia´s Support for Turkey
Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.
February 9, 2013
Erdogan Met Orban in Budapest
Turkey´s Prime Minister Recep Tayyip Erdogan has met his Hungarian counterpart Viktor Orban in Budapest. Orban praised the success of Turkey´s government.
February 6, 2013
Turkish Airlines Expands Massively
According to CEO Temel Kotil, Turkish Airlines has an enormous growth potential. The function of Istanbul as hub between Asia and Europe is a crucial for Turkish Airlines.
February 6, 2013
Necas Supports Turkish EU Membership
On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.
February 6, 2013
Erdogan Considers Joining „Shanghai Five“
Turkey´s Prime Minister Recep Tayyip Erdogan increases the pressure on the EU. He considers a political re-orientation towards the east.
February 1, 2013
Nabucco Pipeline Is Taking Shape Slowly
The natural gas pipeline commences Front End Engineering and Design services for Nabucco West project.
January 28, 2013
Bayerngas Leaves Nabucco
The German natural gas company does not want to join the pipeline project.
January 28, 2013
Turkey Plans to Build World´s Biggest Airport
Until 2017, Turkey wants to build the biggest airport. In total, the new airport will handle up to 150 million passengers.
January 23, 2013
Nabucco: Decision Will Be Announced by Mid-2013
The Shah Deniz II consortium will announce its decision on the pipeline project in June, Nabucco´s CEO Reinhard Mitschek says.
January 21, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)
Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.
January 15, 2013
Austrian Federal Competition Authority Approves Verbund´s Deal in Turkey
The Austrian energy group Verbund sells its stake in the Turkish joint venture Enerjisa to German E.ON. In return, Verbund gets E.ON´s hydro power plans in Bavaria.
January 11, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
EU Accession: Turkey Shows Self-Confidence
Turkey puts further pressure on Brussels. Until 2023, Turkey wants to become a EU member country.
January 4, 2013
New Hope for Nabucco
The gas pipeline project is said to get a new major shareholder. In case of the entry of the Shah Deniz II consortium, Nabucco´s utilization would be secured.
December 22, 2012
Bank Austria: Poland and Turkey are Most Attractive
According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.
December 19, 2012
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