Tuncay Özilhan
$1.1B current account surplus expected in July
Economists expect the Turkish economy to run a current account surplus of $1.1 billion in July, according to an Anadolu Agency survey on Sept. 11.
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How will Turkey survive until 2019?
Politics in Turkey is entering a highly stressful two years this fall. Since the referendum, President Recep Tayyip Erdoğan seems to be running a one-man show in decision-making and Ankara's bureaucracy seems to be looking to his Beştepe residence for every small paper to be signed. So can this system survive until the necessary laws are passed? Will they even pass anyway?
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Turkey's Anadolu Group opens two new factories in southern province
The Anadolu Group opened two new production facilities in the southern province of Isparta on Aug. 12.
One of the factories will make production for Coca-Cola İçecek, a majority stake of which is owned by the Anadolu Group. The second facility is owned by Anadolu Etap, the group's fruit company, with its Brazilian partner Cutrale and Turkey's Özgörkey Holding.
AB InBev, Efes to merge Russian operations as sales slide
Brewers Anheuser-Busch InBev and Anadolu Efes have agreed to merge their businesses in Russia and Ukraine, following years of decline in the Russian beer market due to tighter regulation.
Qatar's lender acquires 100 percent stake in Turkey's ABank
The Commercial Bank of Qatar (CBQ) has now become the sole owner of Turkey's Alternatifbank (ABank) in a deal signed with Turkey's Anadolu Group.
Local supermarket chain Migros plans to open over 150 new branches in 2016
Turkish supermarket chain Migros has said it plans to open 150 to 200 branches over this year in a written statement to the Public Disclosure Platform (KAP) on April 12.
In the statement, which summarizes the decisions held at the company's latest board meeting, the number of new, planned stores was set between 150 and 200.
Russia excludes 10 Turkish brands from sanctions list: Report
Russia has excluded a total of 10 Turkish brands, including Colin's, LC Waikiki and Anadolu Efes, from a list of sanctioned Turkish companies, daily Habertürk has reported.
Selling in ruble takes Turkish agro businesses to brink of bankruptcy
Turkish agriculture sector producers, who had raised their hopes of taking a larger share in the Russian market due to Moscow's political rows with Europe, are now paying the price of advanced sales in the ruble, the Russian currency that is currently in free fall.