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Glassmaker Şişecam to establish 2nd frosted glass plant in Turkey

Turkish glassmaker Şişecam, a global player in the glass and chemicals industry, is adding a new factory to its investments that creates value in the country. Şişecam,…

UK inflation roars to new 40-year high of 9.4% in June

Surging petrol and food prices last month pushed British inflation to its highest rate in 40 years, according to official figures that bolstered the chances of a…

‘Countries need to bolster their game to attract FDI’

The President of the Investment Office of the Presidency of Turkey Burak Dağlıoğlu called on countries to strengthen their efforts to attract foreign direct investment (FDI) amid…

Russians-led foreign purchases lift Turkish house sales to record H1

Sales of residential properties in Turkey continued to move upward in June, driving the industry to a record first half of the year, propelled by foreign capital…

Turkish builders take on $4.6B in H1 projects abroad

Turkish construction companies undertook projects worth nearly $4.63 billion in the first half of 2022, data showed Sunday. The companies took on some 132 projects that had…

Economics of war: Pain for Europe now, later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down…

Matter of ‘life or death’: EU sees Turkey-mediated grain deal this week

The European Union’s chief diplomat on Monday expressed hope that diplomatic efforts led by Turkey to help export grain from Ukraine would result in an agreement this…

Erdoğan, Putin to talk Ukrainian grain as 4-way Istanbul talks due

President Recep Tayyip Erdoğan and his Russian counterpart Vladimir Putin will discuss stalled exports of Ukrainian grain at their meeting in the Iranian capital on Tuesday, a…

Fashion retailer H&M to wind down business in Russia

The world’s second-biggest fashion retailer H&M on Monday said it had decided to wind down its operations in Russia, joining a growing list of companies fully exiting…

No end in sight: Energy crisis debilitates S. African businesses

South Africans’ annoyance at power cuts has given way to worry, with business owners complaining that the prolonged energy crisis is eating into profits and hobbling economic…