World Bulletin / News Desk
Last year for the same term $119 million exports in the defense and aviation sector were made to Germany.
Turkish defense and aviation firms have made $1.066 billion exports worldwide in 2017, a slight increase from last year’s $1.064 billion.
In 2017, the largest export of $443.9 million was made with the U.S. Germany came second with exports valuing to $140.2 million. India was in third spot with $66.2 million.
Defense analyst Arda Mevlutoglu told Anadolu Agency on Thursday that Turkey, until very recently, had been an important market for German aviation and defense firms.
He added Germany will suffer if it loses the Turkish market to other countries.
Tensions between Turkey and some EU countries, particularly Germany, have risen in recent months.
The German Chancellor Angela Merkel earlier this week said she would push other EU countries to review Turkey’s accession process at a European Council meeting scheduled for October.
Turkey’s Deputy Prime Minister for Economy Mehmet Simsek said on Tuesday that Turkey cannot be expelled from the Customs Union even if Germany sought it.
In mid-August, in an interview with bloggers ahead of the Sept. 24 German elections, Merkel signaled that due to recent political tensions, the EU would not enter into talks with Ankara on modernizing the Customs Union.
Merkel’s remarks came as opposition parties upped pressure on the German government, seeking harsher tones against Turkey, particularly due to the recent arrests in Turkey of around 10 German citizens, including a reporter and a human rights activist, for alleged support of terrorist groups.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44