Day after day, Sino-Turkish relations prove their strength, despite the turmoil in the world caused by the Corona pandemic. It was recently announced that a Memorandum of Understanding (MoU) have inked between the Turkish Wealth Fund (TWF) and the Chinese Corporation for Export and Credit Insurance (Sinosure) to promote bilateral economic, trade and investment cooperation.
This memorandum stated that Sinosure will consider providing insurance support up to $5 billion concerning the financing activities, especially after the Turkish Wealth Fund recently announced its investment plans in Türkiye’s logistical infrastructure of Türkiye.
According to the MoU signed this week, Sinosure will recommend Chinese enterprises to TWF that are relevant to investors, contractors and financial institutions concerning projects, especially in the energy, petrochemicals and mining sectors
Both parties expressed the importance of this step, which will support the China Belt and Road Initiative (BRI) and the Turkish ” Middle Corridor” project.
TWF is known as the sovereign wealth fund and the strategic investment arm of the Turkish state, contributing to important sectors such as Turkish Airlines (THY), Ziraat Bank and the Bursa- Istanbul Stock Exchange (BIST) and the Turkish Post and Telegraph Organization (PTT) among others.
As for Sinosure, it is a state-funded, policy-oriented insurance company charged with the task of promoting China’s foreign trade and international economic cooperation and is also the official export credit agency (ECA) of the Chinese government.
It is reported that China’s Belt and Road (BRI) initiative or Beijing Belt aims to build a large unified market to take advantage of both international and domestic markets and accelerate economic growth across the Asia Pacific region, Africa and Central and Eastern Europe, and focus on investment in infrastructure, education, building materials and railways. Highways, cars, real estate, power grid, iron and steel.
As for Türkiye’s “Middle Corridor” project or “Middle Corridor”, it is Türkiye’s vision to communicate with its cousins in Central Asia, extending to China through a new trade route between East and West through central Eurasia (hence the name) perfectly complementing the goals of the Beijing Belt.
More than 48 million visitors on New Year’s Eve in Türkiye
The charming Türkiye, The Top Tourist-Generating Country.
Türkiye ranked fourth in Europe in the list of best tourist hosts. Where it hosted in the eleven months of the year 2019 until the eve of the New Year nearly 48 million and 46 thousand and 732 visitors. The largest number of visitors were from Russia, Germany and the United Kingdom, followed by Bulgaria, Iran and Georgia, with expectations of receiving 70 million tourists before 2023.
Languages, Official Exams and University Admission in Türkiye
It is said: “The Turkish language does not accept competition in its country.” Therefore, anyone who thinks about life, learning, and work in Turkey must seriously consider affiliation with the Turkish language teaching institutes for foreigners, which vary in three sources: public universities institutes, private centers, and municipal centers, the differences between these sources are reflected in the curriculum and method of language teaching and whether it focuses on teaching the daily life language, or the academic language, and in the schedule of these courses Quarterly system as in universities or other system, as well as tuition fees for these courses, and the privileges like accredited certificate at most Turkish universities.
Types of Schools and Universities in Türkiye
A family residing in Turkey has several options for teaching children in Turkish schools and universities, Let us begin with schools that vary between public and private schools.
The Turkish Electric Car TOGG
President Recep Tayyip Erdogan unveiled a prototype of Turkey’s first domestically electric car on Friday in Gebze, a district near Istanbul.
Turkish roses, from gentle gifts to profitable investment
Roses in Turkey have turned from beautiful symbols and gentle gifts into profitable trade and investment sectors. The ornamental plant sector is no longer confined to the Turkish local market only, but it has, in the latest years, transcended it to export to various countries around the world.