Turkish construction companies in Turkmenistan are on the edge of big losses as the government rejects to pay an alleged $1 billion for completed or ongoing projects, businessmen say. The Turkmen government is either seizing equipment or offering new and attractive contracts to overcome upcoming legal problems, they say Turkish construction companies in Turkmenistan are hardly financing their ongoing projects in the country as the government is not doing any payments, according to some businessmen.
Turkish construction firms doing business in Turkmenistan are facing financial problems as the government is rejecting to pay the cost of completed projects worth $1 billion, according to contractors speaking to the Hürriyet Daily News & Economic Review on Sunday.
“More than 40 Turkish construction firms have been subjected to mistreatment,” said Tarık Bozbey, head of the Mediterranean Exporters Union and head of Bozbey Construction. “Turkish firms there are in a serious financial struggle.”
Bozbey said that because the Turkmen government was not making its obligatory payments the construction of some projects could not be completed. The government seized construction vehicles and equipment from some Turkish firms “illegally,” according to Bozbey. “This means billions of dollars in losses for the firms,” he said, adding that the Turkmen state had violated international laws by mistreating the Turkish firms.
By Mike Lally* - Strategically positioned at the crossroads of Europe, Asia and the Middle East, Turkey has embarked on a major renewable energy and energy efficiency program. The country aims to increase its clean energy share to 30 percent of its power supply by 2023 — the 100th anniversary of the Turkish republic. With over $40 billion in investment expected in this area by 2020, U.S. companies will see major business development opportunities in solar, wind, geothermal, hydro and all elements of energy efficiency.
Aksoy Group, the founder of sahibinden.com, Turkey's most visited e-commerce platform with over 2 billion monthly page views, is aiming to support promising internet projects through its newly established "Aksoy Internet Ventures".
The sale by the Turkish city's government includes 52 vessels that transport more than 50 million people each year, across the Bosphorus and around the Sea of Marmaris. The chief executive of Stagecoach transport group used his investment company to lead the buyout. His investor group has a 30% stake in Istanbul Deniz Otobuslen (IDO) ferries.
Lebanese lender Bank Audi is interested in acquiring Tekstilbank of Turkey, daily Sabah reported Thursday but did not say where it obtained the information. The newspaper also reported that Tevfik Bilgin, head of the Banking Regulation and Supervision Agency, previously said some banks that “believe in Turkey's potential” may take their place in the market.
The telecommunication sector in Turkey has grown at a rapid pace during the past few years, driven by government support and initiatives aimed at liberalization and privatization of the sector. Besides, other factors, such as favorable demographics coupled with rising disposable income and a desire to avail hi-tech telecom services have been fostering the growth of Turkish telecom market.
ISTANBUL (AP) — Turkey on Wednesday announced plans to build two earthquake-resistant developments in the Istanbul area to lure residents away from dangerous neighborhoods.
Turkish defense industry companies' new target has become Latin American countries. Turkish defense industry companies continue to make promotions and marketing in all corners of the world. Following a recent protocol signed in Indonesia that was worth 400 million USD, the Turkish Undersecretariat of Defense Industry (SSM) is helping Turkish defense industry companies to market their goods in Latin American countries. 
Turkish businessman Aydin Dogan agreed to sell the Milliyet and Vatan newspapers to DK Gazetecilik & Yayincilik AS, owned by the Demiroren and Karacan groups, for $74 million. Dogan will sell Milliyet for $48 million and Vatan for $26 million, unit Dogan Gazetecilik AS (DGZTE), which controls the newspapers, said in a filing with the Istanbul Stock Exchange today. 
Turkey offers Swedish investors vast opportunities for cheap employment and regional access, according to İshak Alaton, chairman of Turkish-Swedish Business Council at Foreign Economic Relations Board of Turkey, or DEİK.
