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From
tass
ST. PETERSBURG, June 28. /TASS/. Russia is ready to ensure required natural gas deliveries to Europe, including in case of the consumers' interest in the Turkish Stream gas pipeline project, Russian Energy Minister Alexander Novak said on Tuesday. 
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The partners also reported they are in talks to sign export deals for the gas, which should flow by the end of 2019. The Leviathan partners Ratio Oil Exploration (1992) LP (TASE:RATI.L), and Delek Group Ltd. (TASE: DLEKG) units Avner Oil and Gas LP(TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) notified the Tel Aviv stock Exchange this morning that together with the license operator Noble Energy Inc. (NYSE: NBL) they will be making an initial $120 million investment in developing the field. They also reported that they are in talks with several entities on gas export deals.
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Austrian company is to have 75 percent of total stakes of Turkish company after agreement concluded" Austrian Post is close to concluding an agreement with the owners of the Turkish parcel service provider Aras Cargo which will lead to an increase in the Austrian company's stakes from 25 percent to 75.
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Qatar National Bank has completed the acquisition of Turkey's Finansbank, the Gulf's largest lender said in a statement on Wednesday. The transaction is the latest for the Qatari lender, which is now the largest bank in the Middle East and Africa by assets, having brought Societe Generale's Egyptian business for $2 billion in 2013, and a 23.5 percent stake in pan-African lender Ecobank International in 2014. National Bank of Greece had to put its Turkish subsidiary up for sale to plug a capital shortfall identified by European Central Bank (ECB) stress tests in October, with QNB announcing an agreement in December to buy the bank for 2.7 billion euros ($3 billion)
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he Head of the Trade, Agriculture, Economy and Energy Policy and Projects Section of the Delegation of the European Union to Turkey Balazs Gargya said: "We see Turkey as a strategic partner in energy and we wish to continue our negotiations in the field of energy."
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Yildiz Holding, Turkey's biggest food producer, is planning to consolidate its confectionery businesses into a new UK-based company and list it on the London Stock Exchange in four years. The same was revealed by Ali Ulker, vice-chairman of the company. This new company will be known as Plaids and will be based in London.
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The Freudenberg Business Group Freudenberg Sealing Technologies, one of the world's leading seal manufacturers, has invested about €10 million, in Bursa, Turkey and has inaugurated a new plant today. "We offer advanced technologies in line with customers' needs. This step will allow us to engage in even closer partnership with a large number of automakers with production plants in the area and other industrial companies. In addition, we will be establishing a firm position in a strategically promising market,"
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China signed an agreement with Turkey on Wednesday at the 4th China (Beijing) International Fair for Trade in Services (CIFTIS) to jointly build a cross-border e-commerce platform.
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A partner of Russia for the construction of the Akkuyu nuclear power plant in Turkey will be named before late 2016.
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Turkey’s Isbank posted a net profit of 969 million lira ($346 million) for the first quarter on Monday, short of the 1.01 billion forecast in a Reuters poll but up from 912.2 million a year earlier. Turkey’s Yapı Kredi bank posted a first quarter net profit of 704.3 million lira ($250 million) on Monday, a 40.6 percent rise on the same period a year ago and higher than the expectation in a Reuters poll.
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Moody's backs Turkish Central Bank's lending rate cut - Central Bank’s recent cut to overnight lending rate is likely to boost banks’ short-term profitability,
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ECOHZ, a pioneer in the green power market, in cooperation with GTE Carbon, is the first to offer green power documented by the International REC Standard (I-REC) to companies with offices or plants in Turkey.
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The 7th annual Solarex trade show is Istanbul closed its doors on Saturday. pv magazine was on the spot and tried to make sense of the ever-shifting regulatory and solar business landscape of this promising but, at times, frustrating market.
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As investors sized up the shadow cast by Britain’s Brexit vote over emerging markets, everything from Turkish carmakers to Indian technology companies and a South African platinum producer came under the spotlight.
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At a time struggling Turkish exporters are looking for ways to diversify their target markets, Turkey’s leading roll-on/roll-off (Ro-Ro) company is offering easier access for goods to North Africa The Tunisian, Algerian and Moroccan markets are increasing their shares in Turkey’s exports, and it is possible to send goods to these destinations in seven days, according to U.N. Ro-Ro CEO Sedat Gümüşoğlu
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Turkey's largest liquid storage terminal, the Solventas Terminal, has been acquired by Yilport Holdings, a subsidiary of Yildrim Group. Following the acquisition, Solventas will now be integrated into Yilport Gebze's liquid terminal to form 'Yilport Dilovasi Liquid Terminal'. This new complex will offer the most advanced storing and handling capabilities in Turkey.
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Turkey’s cabinet is finalizing a comprehensive package to improve the investment climate, promising a series of regulations that will eliminate several obstacles which are faced by foreign direct investors and ease employment conditions for foreigners, Deputy Prime Minister Nurettin Canikli said June 13. “A comprehensive package was presented to the cabinet to improve the investment climate … We are preparing to launch a quite detailed regulation which will also resolve the problems before the foreign direct investment inflow,” he said. Canikli said the package included significant changes to the tax system.
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Turkey will do “whatever it takes,” including specialized incentives and a 20-year tax holiday, to make it possible for strategically crucial investments to be realized in a number of sectors, Economy Minister Nihat Zeybekci has said in an interview with Reuters
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Tesco is likely to announce the sale of its Kipa chain in Turkey and Giraffe restaurants in the UK on Wednesday, Sky News learns.
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A senior representative from the European Investment Bank (EIB) said the lender plans to provide financing worth 2.3-2.5 billion euros to Turkey over this year, with small- and medium-scaled enterprises (SMEs) and vital infrastructure projects again being the main focus
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Ukrainian President Petro Poroshenko and his Turkish counterpart Recep Tayyip Erdogan during a meeting in Istanbul have reached a series of agreements on protection of investments and avoidance of double taxation.
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May 9 (Reuters) - Turkish stocks on Monday bounced 1 percent off eight-week lows plumbed last week and the lira steadied, but broader
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LONDON, April 27 (Reuters) - Genel Energy, chaired by former BP head Tony Hayward, is betting on a major deal with Turkey to jointly develop gas fields in Iraqi Kurdistan which will help Ankara reduce its reliance on Russian supplies
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South Korea’s CJ CGV Co. is considering selling stakes in some of its units, including one in China, to help fund its ambitions of turning into one of the world’s biggest operators of movie theaters, according to an executive.
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Trade and investment is set to soar between Turkey and Saudi Arabia over the coming years, as the two nations cement closer economic and political ties, according to reports Tuesday.
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International legal support and representation for Energy infrastructure and distribution projects in Russia, the CIS, EU and Turkey.