World Bulletin / News Desk
"Norway is looking to replace [a part of] its fleet of ferries with hybrid ones [which combine diesel power with electric battery power] until 2020," Orhan Gulcek told Anadolu Agency, adding the Nordic country was preparing to get at least 80 new ferries in this regard.
"Some 20-25 ships have already been built of which nine has been built in Turkey," Gulcek said, adding this number would increase further considering Turkey's success in this area.
Noting that Turkey also built battery ferries, Gulcek said there had been an increasing demand for environmentally friendly ferries, especially in the Nordic countries, and Norway was the biggest market in this area.
"Hybrid ferry business is not only new for Turkey, but for the world too. Our biggest customer at the moment is Norway," he said.
Gulcek said some of these ferries were being built in Norway using semi-finished products from Poland.
"However, I believe a majority will be built in Turkey. Because Turkey has started to become big in this business. So far 8-9 ferries have been built and delivered. This number will go up," he added.
Turkish economy minister says growth will 'most likely' surpass 7 percent in first quarter of 2018
Net profit at the Frankfurt-based group fell 79 percent year-on-year to 120 million euros ($146 million).
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.