Turkish Economy - News & Updates

[tesla]

Turkey’s Top 500 companies announced

Turkish oil refiner Tüpraş, the majority stake in which is owned by Turkish conglomerate Koç Holding, has again topped the list of the Top 500 Turkish companies for 2012, the Istanbul Chamber of Industry (İSO) announced today.

Tüpraş, which posted over 40 billion liras in sales, was followed by Ford Otomotiv, a joint venture of Turkish Koç and Ford, with more than 8 billion liras of sales, and Oyak Renault, a joint venture of Turkey’s Oyak and carmaker Renault, with around 7.5 billion liras in sales.

The biggest three companies were followed by Arçelik, another Koç Group company which produces appliances, Turkish state power company EÜAŞ, Tofaş, which is jointly owned by Turkish Koç Holding and Fiat, İskenderun Iron and Steel Co., Ereğli Iron and Steel Co., steel producer İÇDAŞ, and Aygaz, a Koç Holding company.

The sales from production of the companies in the Top 500 list reached 353.6 billion liras in 2012, a 9.2 percent increase in comparison to the same figure in 2011. The total profits of the top 500 companies reached 24.1 billion liras in 2012, good for a 6.3 percent increase.

The Turkish Petroleum Corporation (TPAO) was the country’s most profitable company in 2012 with around 1.5 billion liras in profit, but the company failed to break into the top 10 list.

Top Ten

1- Tüpraş (40 billion liras)
2- Ford Otomotiv (8 billion liras)
3- Oyak Renault (7.5 billion liras)
4- Arçelik (7.2 billion liras)
5- Turkish state power company EÜAŞ (6.9 billion liras)
6- Tofaş (5.6 billion liras)
7- İskenderun Iron and Steel Co. (5.4 billion liras)
8- Ereğli Iron and Steel Co. (5.1 billion liras)
9- İÇDAŞ (4.9 billion liras)
10- Aygaz (4.7 billion liras)
BUSINESS - Turkey

 

[-SINAN-]

Turkish State Railways to announce record tender for purchase of 106 new trains

The Turkish State Railways will announce a record tender of 6 billion Turkish Liras in a bid to buy new trains, its director Süleyman Karaman said.

"The tender will include a total of 106 train units. As it is such a big tender, we will include the condition of establishing a train factory in Turkey and impose a 51 percent minimum local purchasing condition," Karaman told daily Hürriyet.

He also said the tender had passed the Development Ministry's approval and was awaiting a last green light from the Council of Ministers, adding that the German giant Siemens and a number of Italian firms were showing interest in the tender.

"We are planning to organize the tender in two or three months," Karaman said.

Turkey is currently renewing its train rail transportation system within the framework of a new development plan. Transport Minister Binali Yıldırım announced last month that at least 2,500 kilometers of high-speed rail line would be built in the next five years to connect 14 different cities.

Regarding the under-construction Istanbul-Ankara high-speed railway, Karaman said that once the new rail lines were built and the trains were operational, they would adopt a price policy "cheaper than planes and more expensive than buses," noting that plane tickets varied between 80 liras and 400 liras.

 

[u.MP]

Turkish State Railways to announce record tender for purchase of 106 new trains

The Turkish State Railways will announce a record tender of 6 billion Turkish Liras in a bid to buy new trains, its director Süleyman Karaman said.

"The tender will include a total of 106 train units. As it is such a big tender, we will include the condition of establishing a train factory in Turkey and impose a 51 percent minimum local purchasing condition," Karaman told daily Hürriyet.

He also said the tender had passed the Development Ministry's approval and was awaiting a last green light from the Council of Ministers, adding that the German giant Siemens and a number of Italian firms were showing interest in the tender.

"We are planning to organize the tender in two or three months," Karaman said.

Turkey is currently renewing its train rail transportation system within the framework of a new development plan. Transport Minister Binali Yıldırım announced last month that at least 2,500 kilometers of high-speed rail line would be built in the next five years to connect 14 different cities.

Regarding the under-construction Istanbul-Ankara high-speed railway, Karaman said that once the new rail lines were built and the trains were operational, they would adopt a price policy "cheaper than planes and more expensive than buses," noting that plane tickets varied between 80 liras and 400 liras.

I REALLY hope they dont buy that Italian crap.

 

[T-123456]

I REALLY hope they dont buy that Italian crap.

They will go for,Spanish,Japanese or Korean i think.
And i hope they dont choose the German firms.

 

[olcayto]

They will go for,Spanish,Japanese or Korean i think.
And i hope they dont choose the German firms.

Why not German?

On the İtalian part. No, no!
We all know how well FYRA was. Can't believe a country like İtaly produces that crap.

 

[T-123456]

Why not German?

On the İtalian part. No, no!
We all know how well FYRA was. Can't believe a country like İtaly produces that crap.

Why help the German economy,they(together with France) are against us entering the EU(not that we want anymore but still).

 

[BronzePlaque]

@T-123456 : Dude, you're a Business Man - Why don't you answer the tender & import those Trains from somewhere ?

There could be millions in that !

Why did you suggest that idea to T but not me? I thought we were friends

 

[olcayto]

Why help the German economy,they(together with France) are against us entering the EU(not that we want anymore but still).

Well according to the tender conditions it asks for it to build a factory and manufacture it their.

This will probably lead to a joint venture with an existing Turkish locomotive constructer ( like the case with hundai) .
All in all, whatever country wins this tender, the one which benefits most from this will be Turkey.
Even though the purchase may cost us 3 billion dollars, it will pay itself back within the mid term.

But İ agree, İ rather see Japan as the winner, since korea is allready manufacturing in Turkey.
Japan and Korea seems more flexible then european countries and when they commit themselves to a country, they keep expanding and investing in their branche in that country.

Why did you suggest that idea to T but not me? I thought we were friends

Obviously he considers you a bad investment

 

[Armstrong]

Why did you suggest that idea to T but not me? I thought we were friends

I didn't know you were into Business !

 

[T-123456]

@T-123456 : Dude, you're a Business Man - Why don't you answer the tender & import those Trains from somewhere ?

There could be millions in that !

For once be smart(instead of hitting on evry woman you see).
Why do you think im good friends with @Yzd Khalifa?(Financing thru his connections with the royals).
Allready in contact with the Japanese.
Now evryone knows thanks to you(again).
We can kiss that deal good bye(why not email?).
This was the last time i exchanged ideas with you.

Why did you suggest that idea to T but not me? I thought we were friends

Never do business with friends,only trouble.

@T-123456 : Dude, you're a Business Man - Why don't you answer the tender & import those Trains from somewhere ?

There could be millions in that !

A bilion dollar project?
Im Onassis?

 

[Armstrong]

For once be smart(instead of hitting on evry woman you see).
Why do you think im good friends with @Yzd Khalifa?(Financing thru his connections with the royals).
Allready in contact with the Japanese.
Now evryone knows thanks to you(again).
We can kiss that deal good bye(why not email?).
This was the last time i exchanged ideas with you.

bilion dollar project?
Im Onassis?

Dude, I...I'm sorry !

I didn't know it was some sort of a secret thing !

I'll delete my posts !

I do sincerely apologize, I didn't know it wasn't something to be mentioned !

 

[T-123456]

Dude, I...I'm sorry !

I didn't know it was some sort of a secret thing !

I'll delete my posts !

I do sincerely apologize, I didn't know it wasn't something to be mentioned !

To late,you can choose now;
1-stealth red/yellow rowing boat one peddle to Somalia.
2-red/white bike tour thru Greece with a Turkish flag on both sides of your T-shirt.

 

[Armstrong]

To late,you can choose now;
1-stealth red/yellow rowing boat one peddle to Somalia.
2-red/white bike tour thru Greece with a Turkish flag on both sides of your T-shirt.

On which of the two would I be joined by Hazal Kaya on ?

 

[T-123456]

On which of the two would I be joined by Hazal Kaya on ?

You will meet her when you make it half way,she will be waiting in a limo to take you out after.

 

[olcayto]

On which of the two would I be joined by Hazal Kaya on ?

Yes but a Greek version of her.