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Focus on Turkey from ART DE LEX

ART DE LEX’s newsletter, Focus on Turkey, dated 5 March 2015, contains five essential news items. 

Turkey’s Alpha Engineering will invest in a long-term capital project in Yakutia

A meeting in February 2015 in Yakutsk between officials from the Republic of Sakha (Yakutia) and managers from Alpha Engineering and Construction, a Turkish company, focused on high-priority investment projects in Yakutia, including schools, hospitals, and a hotel. Yusuf Bozalp, the director general of Alpha Engineering, said that “we focus on regions and undertake the projects in regions with high development dynamics. Therefore, our visit to Yakutia is not accidental.” Alpha Engineering already completed more than 200 projects in Russia, Turkey, and other countries in the Middle East and Eurasia. Since 2004, it has undertaken projects in Moscow and St. Petersburg.

The Leningrad Region welcomes cooperation with Turkish regions

In early February 2015, a meeting took place between the Turkish consul general, Kazim Cavusoglu, and the governor of the Leningrad Region, Alexander Drozdenko. Last year, the Leningrad Region’s foreign trade turnover with Turkey was USD 271.1 million, more than double what it was in the previous year. During the meeting, Drozdenko noted that there were prospects for future increases. Leningrad officials will visit Istanbul and Ankara in April to discuss more possibilities.

Nenets Autonomous District to receive a Turkish trawler

The Administration of the Nenets Autonomous District signed a contract with Tersan, a Turkish shipbuilding company, to supply a fishing trawler. Construction will require 16 months, and the launch of the trawler will take place in 2016. The vessel will include equipment manufactured in Norway for processing, freezing, and packing approximately 50 tons of fish per day, and the ship will accommodate 700 tons in the hold.

International investment in Crimea

Investors from Bulgaria, Czech Republic, France, Israel, Japan, and Turkey are about to begin 31 projects in the Republic of Crimea in the energy, tourism, and agriculture sectors. Contracts already are signed for two power plants in the Bzankoy and Black Sea regions as well as an electrical equipment repair factory in Simferopol. Reconstruction of the port at Feodosia is in the planning stage.

Crimea and Turkey are to cooperate in supplying textiles

In February, Andrew Skrynnik, the minister of industrial policy of the Republic of Crimea, explained to reporters that successful negotiations with Turkish textile suppliers to use Crimean ports will mean Crimea and Russia, as a whole, will have an ample supply of textile products by the next holiday season.

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