Mustafa Varank

Turkey wants to cut industrial sector power bills by launching a project to produce energy savings and by using more efficient motors, the Turkish Industry and Technology Minister announced on Jan. 14

With interest in Turkey's first indigenous car already running high, the procedure for pre-orders will be set up soon, according to the country's industry and technology minister.

Turkey issued completion visa for investments worth 104 billion Turkish liras ($18.4B) in January-November 2019, the country's industry and technology minister said on Jan. 2.

Mustafa Varank said on Twitter that more than 157,000 jobs were created in the above mentioned period.

Turkey will own the intellectual and industrial property rights of its first indigenous car, the Turkish industry and technology minister said on Dec. 26.

The car prototype will be unveiled on Dec. 27 in the industrial province of Kocaeli, Mustafa Varank noted.

The government has unveiled a Logistics Master Plan, a long-term projection that includes more than $110 billion investments in transportation infrastructure.

The plan is prepared as a result of talks with all shareholders in a bid to turn Turkey into a logistics hub, said Transportation Minister Cahit Turan at a Dec. 25 ceremony at the main train station in Ankara.

Seeking to promote venture capital investment in the country, Turkey has established two funds, said the nation's industry and technology minister on Dec. 24.

"We have taken action to boost venture capital investments, to ensure that the private sector focuses on this field, and to spread these investments throughout the country," Mustafa Varank said.

Turkey will unveil the prototype of its first indigenous car on Dec. 27, the nation's president said on Dec. 20. 

President Recep Tayyip Erdoğan's remarks came in Malaysia where he attended Kuala Lumpur summit of Muslim world leaders this week.

The car publicity will be held in Gebze, a district of northwestern Kocaeli province, Erdoğan told reporters.

Turkish and Malaysian officials signed 15 agreements in various fields in the Malaysian capital Kuala Lumpur on Dec. 18 in the presence of both countries' leaders.

Turkish President Recep Tayyip Erdoğan met Malaysian Prime Minister Mahathir Mohamad at his official residence to witness the signing of 15 goodwill agreements on science, technology, and defense.

Turkey will launch the prototype of the country's first indigenous electric car in December two years after a joint venture of five local industrial giants was established, Industry and Technology Minister Mustafa Varank has said, describing the move "revolutionary" for Turkey's continued development efforts.

Turkey and Tajikistan have agreed to boost their trade, by setting a target to increase trade volume to $1 billion, from the existing $380 million, over next few years, Turkish Minister for Industry and Technology Mustafa Varank said on Aug 6.