November 2011 ~ İBG Blog

Thursday, November 24, 2011

Energy giant Shell signs Turkish oil and gas deal

12:22 PM eastern Mediterranean, Fossil fuels, Gas, Shell, Turkey, Turkey Cyprus gas dispute, Turkey Cyprus relations, Turkish Petroleum Corporation

Energy giant Royal Dutch Shell signed a deal Wednesday with the Turkish state-run petroleum company, TPAO, to explore oil and gas. The deal will allow the two companies to search for oil and natural gas offshore in the Mediterranean as well as onshore in Turkey's southeast region, the paper said on its website. Turkey has long-running disputes with Greek Cyprus over delineating the Mediterranean and Aegean seas for the...

Hungary could not resist the impact of the economic and financial crises

11:28 PM Eastern Europe, economic crisis, EU Commission, European Union, financial assistance, Financial Crisis, Hungarian economic crisis, Hungarian economy, hungary, IMF

The Hungarian government requested financial assistance from the EU Commission and the IMF that cancel the agreement with the IMF last year. Hungary could not be reached the desired level of growth and financial stability and the government is obliged to ask for help from the IMF again. The statement made by the Commission to "Today the Hungarian authorities have requested for a possible EU financial assistance. Moreover, Hungary have requested...

Is Portugal Next?

4:33 PM European Union, eurozone, eurozone crisis, eurozone debt crisis, Financial Crisis, financial markets, International relations, political policy, portugal, trade policy

Portugal's economy shrank 0.4 percent in the third quarter from the previous quarter. Also, the economy shrank by 0.1 percent year-on-quarter in the second quarter. According to the Portuguese National Statistics Institute (INE), the country's gross domestic product (GDP) shrank by 0.4 percent in the third quarter-quarter basis. The country’s economy declined by 1.7 percent in the same period of last year in the third quarter. Portugal's...

Why Berlusconi stepped down?

1:38 AM Berlusconi, berlusconi era, Council of Ministers, Europe, European Commission, European Union, italian politics, Italian Prime Minister, Italy, POLITICS, Senate, Silvio Berlusconi, why Berlusconi stepped down

After the adoption of amendments of the financial stability law in Italy by the House of Representatives, Prime Minister Silvio Berlusconi met with President Giorgio Napolitano and submitted his resignation. Republican Senate previously approved changes to the financial stability law in Italy, was also accepted by the House of Representatives. President Napolitano accepted the resignation and expected to press the button for early elections. Silvio...

The Top 20 Most Valuable Countries of the World

9:33 PM brand finance, brand values, business, finance, most valuable countries in the world, my brand's value and my business, success story of Turkey, Turkey

Brand Finance Brand assessment body, identified Turkey as a brand value of $ 373 billion. According to this survey, Republic of Turkey is the most valuable 19th in the world and 10th most valuable country in Europe. Brand Finance made a statement regarding the results of research, Turkey's brand value increased by 19.8 percent from a year earlier rose to $ 373 billion, was emphasized. This value comes between the first time...