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Turkey Rises in Foreign Direct Investment Rankings
Turkey climbed two ranks in the 2015 A.T. Kearney Foreign Direct Investment Confidence Index, reaching 22nd place from 24th to surpass Poland, Norway and Finland in the eyes of the top executives of the world’s leading corporations whose opinions form the index.
 
IFC Issued TRY Denominated Bonds
The International Finance Corporation (IFC) introduced an innovative financial instrument to expand the availability of Turkish Lira financing for private enterprises in Turkey.
 
Turkey spent USD 2.45 billion on R&D in 2014
Turkey spent USD 2.45 billion on Research and Development (R&D) in 2014. Turkey aims to increase GDP to USD 2 trillion and R&D spending allocation to USD 60 billion (3 % of GDP) by 2023.
 
Greece Joins Turkish Stream
Russia and Greece signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory. Turkish Stream is a pipeline that will deliver Russian gas to Turkey and onwards to Europe via the Black Sea. The pipeline will have a capacity of 47 billion cubic meters a year.
 
Turkish Airlines Adds Austrian, German and USA Destinations
Turkish Airlines announced that Graz, Austria, Karlsruhe/ Baden-Baden, Germany and Miami, USA would be its newest flight destinations.
 
HIGHLIGHTS
D-20 Meeting was Held in Istanbul
The Heads of the G20 financial development institutions discussed issues of cooperation between the G20 development banks and their interaction with international financing institutions and regional banks and a role of financing institutions in developing social infrastructure in Istanbul.
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Borsa İstanbul CEO Tuncay Dinç Speaks to Globus Vision
Borsa İstanbul CEO Tuncay Dinç recently joined the extensive list of high-level interviewees who have contributed to an integrated, multiplatform media campaign on the G20, spearheaded by London-based communications agency Globus Vision.
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UPCOMING EVENTS
2015 The Finance, MIS, Economics & Global Business Research Conference, Istanbul
August 6-9, Istanbul
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BIFEC 2015
October 1-2, Istanbul
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LBMA/ LPMM Precious Metals Conference
October 18-20, Vienna
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