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.
Unemployment rate in October fell 1.5 percentage point year-on-year, says TurkStat
BIST 100 drops 0.31 percent to open at 114,286.27 points on Monday, US dollar decreases to 3.75 Turkish liras
U.S. Treasury Secretary says he wants to make sure bitcoin does not become a ‘digital Swiss bank account’
About 12 minutes into trading, the Dow Jones Industrial Average was at 25,675.70, up 0.4 percent.
BIST 100 rises 0.30 percent to open at 115,062.79 points on Friday, US dollar/lira, euro/lira exchange rates go down
Food Price Index gains 8.2 percent year-on-year in 2017, reaching highest annual average since 2014
Gas prices also rising in US, forecast to hit highest levels since 2014
BIST 100 rises 0.65 percent to open at 114,329.36 points on Thursday
‘We think the recovery is firm and the momentum is there says World Bank Development Prospects Group Director
Fiscal, monetary policies pushed economy 'to a much stronger-than-expected rebound in growth,' bank says
BIST 100 drops 0.18 percent to open at 114,812.31 points on Wednesday
Amazon founder’s fortune grew to $105.1 billion after company’s shares increase again
BIST 100 index up 0.01 pct; US dollar/Turkish lira exchange rate drops to 3.7470
BIST 100 gains 0.75 percent; US dollar-Turkish lira exchange rate hovers at around 3.74; euro-lira rate falls to 4.49
From clampdowns to a warm embrace, regulators in Asia have taken very different approaches to dealing with the bitcoin phenomenon. Here are the developments in a few key markets
Oil company announces sixth major discovery in offshore region partly claimed by Venezuela