Category: Business

  • Bulgaria: Bulgaria Plans to Start Exporting Electricity to Turkey in July

    Bulgaria: Bulgaria Plans to Start Exporting Electricity to Turkey in July

    Bulgaria and Turkey have agreed to speed up the construction of a gas grid interconnection between the two countries, Bulgarian Energy Minister Traicho Traikov said Thursday after a meeting with Turkish counterpart Taner Yildiz.

    bulgaria taner yildiz

    The two ministers met in Kayseri, Turkey, where they took part in the signing of the Project Support Agreements (PSAs) between NABUCCO Gas Pipeline International GmbH and the responsible ministries of the five transit countries.

    “The PSAs give better guarantees for the sustainability of key factors for Nabucco like the legal framework, the procedures, etc., they make it more bankable and pave the way for securing the funding. The implementation schedule for the gas pipeline makes us reiterate the importance of a speedy construction of a gas grid interconnection that will allow us to achieve true diversification and access other sources of gas supplies “, Minister Traikov stated.

    The Bulgarian expert working group on the project recommends building the gas link in the most economically profitable way, without commitments to the specifications of the Nabucco gas pipeline. As a result, the gas interconnection will not be a rival to Nabucco because of its totally different scale and terms for implementation.

    In July, Bulgaria’s state power utility NEK starts executing the contracts for electricity exports to Turkey, Traikov pointed out, adding that this happens for the first time after a 9-year break. According to Bulgaria’s Energy Minister, the system is currently operating in test mode.

    Another topic on the agenda of the meeting were the nuclear programs of both countries, including the projects for new nuclear power plants.

    Minister Traikov briefed his Turkish counterpart on the ongoing debates in the EU on the development of the sector and Bulgaria’s call for the introduction of stringent and objective common standards about nuclear safety to be applied by EU member states and neighbor countries.

    He also made it clear that safety standards for new nuclear capacities were to be adopted at the forthcoming Ministerial Conference on Nuclear Safety on 20-24 June in Vienna, Austria.

    via Bulgaria: Bulgaria Plans to Start Exporting Electricity to Turkey in July – Novinite.com – Sofia News Agency.

  • Turkey: profile of Tayyip Recep Erdogan

    Turkey: profile of Tayyip Recep Erdogan

    When Tayyip Erdogan sold bread rolls as a boy on the old streets of Istanbul, Turkey was a country caught in a cycle of army coups. It languished on the fringes of Europe. Pious Turks were the underdogs of society.

    RTE
    Turkey's Prime Minister Recep Tayyip Erdogan Photo: REUTERS

    As Erdogan moves towards his second decade as prime minister, Turkey could not look more different.

    It has one of the world’s fastest-growing economies, it is a European Union candidate and a regional heavyweight, and religious Turks have displaced the secularist elite from power.

    An autocrat and a dangerous Islamist to his enemies, a hero and a man of the people to his admirers, Erdogan has transformed this Muslim democracy since his AK Party swept to power in 2002, on a scale unseen since Kemal Ataturk founded the Turkish republic in 1923 out of the ruins of a defeated Ottoman Empire.

    Opinion polls show Erdogan, 57, will comfortably win a third term of single-party rule in an election on June 12.

    While the only uncertainty at the ballot box is Erdogan’s margin of victory, the outcome will determine the future of this complicated country of 74 million people.

    Erdogan has said that if AK wins he will rewrite Turkey’s constitution, drafted after a military coup in 1980, and there is speculation his next step could be to elevate himself to the presidency under a strengthened presidential system.

    “Erdogan wants to be remembered as the man who made Turkey a global power,” said Henri Barkey, a Turkey expert at the Carnegie Endowment for International Peace in Washington.

    “And he wants to prove to the world that you can be a global player and a Muslim at the same time,” Barkey said.

    A hot-tempered but charismatic politician, Erdogan has taken risks as he has challenged the secularist military and the judiciary, while power has shifted from the Westernised, urban elites to a new class of observant Muslims from the heartland.

    Market-friendly reforms pushed by his socially conservative AK have tripled Turkey’s per capita income in the last eight years. Bail-out programmes to clean up financial meltdowns and banking collapses are now a thing of the past.

    Erdogan, who does not drink or smoke and is known for chastising his aides when he catches them smoking, has also changed Turkey’s place in the world. A long-time Nato member and U.S. ally, Turkey has deepened ties with the Middle East, including Iran, and opened new markets in Asia and Africa.

    Fears by secularists that AK, which evolved from banned Islamist movements, would turn Turkey into Iran have not materialised and investors have rewarded Erdogan’s pragmatism.

    His brief stay in prison for Islamist agitation when he was mayor of Istanbul came during his more ardent days.

    But despite this success story there are concerns about Turkey’s future.

    Critics accuse Erdogan of showing authoritarian tendencies and say he has accumulated too much power. Some fret a two-thirds AK majority would allow Erdogan to pass unilateral constitutional changes and give free rein to a man known for disliking dissent and used to having his way.

    The weakness of opposition parties, their continued disarray following the 2002 rout that first brought AK to power, only adds to the impression of Erdogan’s complete domination.

    If elected, Erdogan would not be allowed to run for a fourth term. But campaign materials intimate that he plans to remain on the political scene well beyond then; in posters and brochures he strikes an unsmiling, paternal pose reminiscent of Turkey’s revered founder Ataturk, and uses the slogan “Objective 2023” – the 100th anniversary of Turkey’s foundation.

    “Turkey is a more self-confident country with high growth, a banking sector and public finances looking good, with a consumer and housing boom, and young demographics, but there is clearly a concern about concentration of power,” Timothy Ash, a London-based analyst from Royal Bank of Scotland, told Reuters.

    The son of a boat captain from the Black Sea, Erdogan migrated as a child to Istanbul, where biographers say he sold bread rolls and lemonade to help pay for his religious school.

    Biographers say Erdogan’s combative and populist traits can be traced to the idiosyncrasies of Kasimpasa, an old Istanbul neighbourhood made up of workers from the countryside and shopkeepers, where men take pride in their swaggering ways.

    In Kasimpasa’s steep, narrow streets, Erdogan is still seen as one of them. Tea houses and shops display his portraits, some on the campaign trail and others dressed in soccer attire from his days as a semi-professional player, and neighbours speak respectfully of “Basbakanimiz” (our prime minister).

    “He makes us feel proud,” said Adnan Savas, 45, who runs a kebab shop. “You can come from Kasimpasa and become a prime minister so he encourages our children to work hard. You can be a good Muslim, preserve your values, and be very successful.”

    A Reuters reporter who wandered into Kasimpasa one recent afternoon witnessed a shooting in broad daylight: A crowd gathered around a man lying wounded on the ground as police chased down and arrested his assailant.

    “We are used to it: stabbings, fist-fights, shootings. People from Kasimpasa are actually very good inside, but they happen to be quick-tempered,” said waiter Elif Gorgulu.

    “They are very protective of their honour and can’t take insults calmly. You have to watch your back around here.”

    Although he is a divisive figure, even Erdogan’s most militant enemies would contend he is force to be reckoned with.

    Microphone in hand and pacing the stage at rallies of enthusiastic supporters, Erdogan knows how to work a crowd.

    He quotes local religious philosophers, slams his enemies as “dark forces” resisting change, lists public works completed under his government and adorns his speeches with streetwise vernacular the secular elite in the capital Ankara frowns upon.

    Lately, he has been reciting the lyrics of a popular Turkish folk song to frenzied audiences who roar the words back to him as if in a declaration of love.

    “We walked together on this path, we got wet together under this rain, now whenever I listen to a song, everything reminds me of you,” Erdogan and the crowd chant at each other.

    “He is a political animal, but the drawback is that he has become the unique decision maker in the country,” said Cengiz Aktar, a professor at Istanbul’s Bahcesehir University.

    “The presidential system looks like a very autocratic idea. He would like to consolidate his power with more power, but without checks and balances. Turkey might face serious challenges in the future if we go down that path.”

    Many Turks respect Erdogan for restoring stability in a country plagued by decades of chaotic coalitions, coups and failed international financial bailouts, and for giving them confidence in their country.

    “He is still in a way the soccer player from Kasimpasa and that is part of Turkey’s success. His story is that upward mobility can happen in Turkey,” Barkey said.

    www.telegraph.co.uk, 09 Jun 2011

  • UK Prime Minister welcomes further £500m investment of BMW Group

    UK Prime Minister welcomes further £500m investment of BMW Group

    Number 10The BMW Group has today announced an additional £500 million investment in its UK production network over the next three years and confirmed that the UK will be a production location for its next generation MINI models.

    The BMW Group chairman outlined his company’s plans for further investment at a meeting with Prime Minister David Cameron at Downing Street this morning.

    The investment, the majority of which will be will be used to create new production facilities and equipment at MINI Plant Oxford, will help to safeguard over 5,000 jobs in the MINI vehicle assembly plant in Oxford, the pressings plant in Swindon and the company’s engine plant at Hams Hall near Birmingham.

    Mr Cameron welcomed the investment as a “tremendous vote of confidence”:

    “I welcome this major investment by BMW Group in UK manufacturing. The production and export of iconic British cars like the MINI is making a real contribution to the rebalancing of the economy that this government is determined to achieve.

    “It’s a tremendous vote of confidence in the skills and capabilities of the company’s British workforce and in the future of UK manufacturing.

    “The MINI plant in Oxford has been one of our great manufacturing success stories, they should be hugely proud of their achievements. They have shown once again that the UK is a major player in the global automotive industry.”

    Mr Cameron also hosted a breakfast meeting with the board of directors of the European Automobile Manufacturer’s Association (ACEA) to discuss the growing confidence in the UK automotive industry.  ACEA represents some of the biggest car, truck and bus manufacturers at European and this is the first time the board of directors has come to the UK.

    The BMW Group announcement and ACEA meeting today follow news yesterday that Japanese car manufacturer Nissan plans to invest £192 million to build the next version of its Qashqai model in Britain.

     

    Prime Minister’s Office

    Number 10

  • Bahrain Air plans four weekly Istanbul flights | Flight Centric News | FC News | Flight Centric

    Bahrain Air plans four weekly Istanbul flights | Flight Centric News | FC News | Flight Centric

    Bahrain Air will operate four direct flights a week from Bahrain to Istanbul and Istanbul to Bahrain from June 22.

    The flights will be on Tuesdays, Wednesdays, Fridays and Sundays.

    BahrainAirA320The departure times are designed to cater to the Bahrain population with departures from Bahrain at 9.30am on Tuesdays and Sundays and 12 noon on Wednesdays and Fridays. The return flights leave Istanbul in the afternoon arriving early evening in Bahrain.

    “Bahrain Air will operate Airbus A320 and A319 aircraft with business and economy class service and will enhance the existing passenger and cargo load capacity between the two counties and boost bilateral trade,” said director commercial operations Richard Nuttall.

    Bahrain Air will be targeting Bahrainis, Turkish population in Bahrain and people from the eastern province of Saudi Arabia during the coming summer season with value for money summer specials.

    Istanbul is the bridge between Europe and Asia and provides Turkey with a rich cultural heritage.

    The country is the ideal holiday destination with its breathtaking natural beauty, unique historical and archaeological sites, sandy beaches, and an established tourist infrastructure with a wide range of hotels to meet the needs and budgets of different customers.

    via Bahrain Air plans four weekly Istanbul flights | Flight Centric News | FC News | Flight Centric.

  • BNP Paribas to Sponsor Women’s Tennis Tournament in Istanbul

    BNP Paribas to Sponsor Women’s Tennis Tournament in Istanbul

    BNP Paribas (BNP) and its Turkish unit, Turk Ekonomi Bankasi AS (TEBNK), will be the title sponsors of the year- ending tournament for women’s tennis.

    The agreement will last three years, through the 2013 final, the WTA, the organizer of women’s tennis, said today in an e-mailed statement. The event brings together the top eight female singles players and top four doubles teams, who will compete for $5 million in prize money.

    It’s the fifth large agreement signed by the WTA in the past 12 months. Sony Ericsson is the sport’s lead global sponsor, and cosmetics maker Oriflame, Chinese clothes maker Peak and Qantas Airways Ltd.’s Jetstar subsidary signed new agreements. Usana, a vitamin maker, renewed its sponsorship.

    TEB is among the top 10 banks in Turkey, and has more than 3 million clients at its 600 branches, the WTA said.

    To contact the editor responsible for this story: Chris Elser at celser@bloomberg.net

    via BNP Paribas to Sponsor Women’s Tennis Tournament in Istanbul – Bloomberg.

  • A Video Gamer’s Fantasy At Hotel Barbados In Istanbul

    A Video Gamer’s Fantasy At Hotel Barbados In Istanbul

    A Video Gamer’s Fantasy At Hotel Barbados In Istanbul

    Tayla Arditi, Guide Istanbul
    Tayla Arditi is an editor at Guide Istanbul.

    the gameAre you looking for a hotel where you can do more than sleep and relax?

    You can play all day without ever leaving your hotel room with the new state-of-the-art digital entertainment center called “The Game for Big Kids,” featuring a wide range of the latest games, such as Playstation 3, Nintendo Wii and Acer Predator at the Point Hotel Barbaros in Istanbul.

    In the past, gaming was thought of as a home leisure activity.

    The Game transforms it into a chance to socialize with friends in a public setting.

    With an investment of $1.5 million, and covering almost a mile, at least 300 people can play at the same time in this high-tech facility. Here, you can enjoy a 3-D race simulator, football games on a giant screen or popular games, such as Half-Life or Quake.

    The closed music rooms allow you to live out your rock star or DJ fantasies, while the VIP rooms allow for private movie screenings.

    Options are also available if you are more interested in The Game than staying in the hotel. The facility can be accessed with a 3-month, 6-month, or annual membership pass, while business and corporate membership plans are also available.

    via Businessinsider