Mustafa Varank

Government unveils major logistics plan

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.

Turkey establishes funds to promote venture capital

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 to unveil first indigenous car prototype next week

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.

Turkey, Malaysia sign 15 pacts on science, defense

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 to unveil prototype of first indigenous car in December

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.