Fatih Şener

Problems in the Red Sea are estimated to cost an additional $2 billion to Türkiye as personnel costs and prices of certain goods, especially electronic goods, are rising due to the Houthi attacks on ships in the waterway, according to the business associations.

The International Transporters Association (UND), an umbrella organization of the trailer truck drivers, has developed a formula with the Turkish Health Ministry to carry on the cross-border trade with Iraq and Iran despite a travel ban to those two countries due to the coronavirus.

Turkey's economy lost 75 million Turkish Liras last year because vehicles with foreign license plates failed to pay traffic fines, the chairman of the executive board of Istanbul-based International Transporters Association (UND) has said.

Turkey's trade to Europe has been slowed down with more than 1,000 trucks waiting for days to cross through the Kapıkule Border Gate with Bulgaria to European markets. The delays are reportedly caused by an ongoing bribery operation carried out by Bulgarian police, tightening controls by the EU to prevent human trafficking by land, and construction works at the gate.