Nurettin Özdebir

German companies should remain hopeful about the future of their investments in Turkey as the country still offers considerable economic growth potential despite current turbulence, German Ambassador to Turkey Martin Erdmann said on Dec. 7.

Speaking at the "Turkish-German Economy Day" event in Ankara, Erdmann said he continues to be upbeat about the future of bilateral ties.        

A high-tech economy is growing in Turkey's capital, according to Nurettin Özdebir, the head of Ankara's Chamber of Industry.

"Ankara is becoming a center for high-technology, with local innovation exceeding that of Istanbul," Özdebir told Anadolu Agency.

The annual cost of a 30 percent increase in the minimum wage, an election promise by the Justice and Development Party (AKP), will cost the private sector 16 billion Turkish Liras, according to the head of the Istanbul Chamber of Commerce (?TO). 

Turkish Airlines will add seven new direct foreign flight destinations from Turkey's capital Ankara beginning from Oct. 1, 2015, officials said on May 14.

Ankara Chamber of Industry head Nurettin Özdebir told Anadolu Agency that Turkish Airlines had promised to add 27 flights per week from Ankara to seven new foreign destinations.

The massive power outage on March 31, which hampered production and transportation across Turkey, cost the country $700 million, according to one professional, while others estimated that losses were considerably higher.

The top representative of Ankara industrialists has taken a different approach on the ongoing debate over central bank independence and suggested the Turkish president might have ulterior motives for publicly criticizing the Central Bank governor.