The UK government will provide EUR 2.1bn (USD 2.3bn) loan to fund the construction of the 503-kilometer Ankara-Izmir High-Speed Railway (HSR). The loan, which was announced by International Trade Secretary Anne-Marie Trevelyan and Treasury and Finance Minister Nureddin Nebati at the UK-Turkey Green Finance Conference held in London, will be the biggest ever sustainable, civil...
Tag: the UK
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The first step towards the new international order: OPINION
BY ZEYNEP GURCANLI We feared it would happen in Ukraine. After the extraordinary military buildup on the Ukrainian border, Russian leader Vladimir Putin took the expected step of officially recognizing Luhansk and Donetsk, two Russian-dominated regions that declared their independence from Ukraine. Not only did he recognize them, but by signing cooperation and assistance agreements...
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Turkey and Greece in demand for summer take-off: easyJet
Britain’s easyJet said the easing of travel restrictions had spurred demand for summer beach destinations such as Greece, Turkey and Spain, giving the airline cause for optimism after the shadow of Omicron lifts. Its chief executive Johan Lundgren said bookings jumped in Britain when restrictions were reduced earlier this month and were boosted again when...
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Prices will not weaken competitive power in machinery exports
Turkey’s machinery sector exports surged by 23.3% to USD 23bn in 2021, compared to the previous year, according to the Machinery Exporters’ Association (MAIB). The sector’s exports also rose by 18.3% versus the pre-pandemic year of 2019. “The volume of orders shows that the Turkish machinery sector’s market share in the European Union and the...
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Eren Holding will take over Welsh newspaper mill
Eren Paper, owned by Turkey’s Eren Holding, is investing GBP 500m to buy a mill in Shotton to produce cardboard from paper waste. Eren Holdings agreed to acquire the paper mill from Finnish firm UPM who said in September it would permanently close paper production at its Shotton newsprint site. The site was founded in...
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Getir launches debut UK TV campaign
The grocery delivery company Getir has launched its first brand campaign in the UK today , with the strapline “You’ve got it”. The work, created by Neverland, is Getir’s first TV campaign in the UK and forms part of a major marketing investment by the brand. The agency won the business this summer. The campaign...