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CommentWire
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UK wholesale gas prices have been at a premium to the US market; however, this has failed to encourage LNG shippers, which have diverted tankers away from the UK. Cargo needs, capacity planning and concerns about the security of supply should be raised, given that market fundamentals are not at work. A supply failure, albeit temporary, must be corrected for the market to function efficiently.
Published By Datamonitor
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01 Apr 2008 |
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CommentWire
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In a bid to bolster its goal of becoming a major European gas hub, Turkey has entered into a deal worth around GBP1.75 billion with Iran, through which it will help to develop the region's massive South Pars gas field. Despite opposition to the deal on political grounds, the agreement will help to secure European energy supplies as alliances with Russia become increasingly risky.
Published By Datamonitor
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24 Jul 2007 |
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Expert View
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IsBank's move to integrate its mobile banking platform with its ATMs to enable cash withdrawals via mobile phones signals a proactive move by the bank to adapt its systems to reflect the growing popularity of technology-based services, and supports Turkey's development towards a cardless future.
Published By Datamonitor
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25 Jan 2013 |
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CommentWire
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As emerging renewable energy markets across Europe opt to cut their feed-in tariffs for photovoltaics in an attempt to curtail government spending, Turkey is introducing its first feed-in tariff support scheme for solar power, as well as wind, hydro, and geothermal technology. However, the new changes are unlikely to be enough to meet Turkey's ambitious renewables targets.
Published By Datamonitor
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14 Jan 2011 |
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Expert View
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Turkey has announced a tender for the construction of the first of three nuclear power plants designed to provide 20% of the country's energy supplies over the next two decades. Despite such targets, various risks will impede Ankara's efforts to attract the necessary investments. Local content laws, environmental concerns and contractual liabilities will all be potential sticking points.
Published By Datamonitor
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28 Mar 2008 |
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CommentWire
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Retail giant Tesco aims to increase its store base in Turkey by nearly 50% in 2011, a significant rise in its rate of expansion. The move will help Tesco keep pace with its global competitors and capitalize on increasingly favorable market conditions, as well as open doors to potential entry into the Middle East and Africa, making Tesco a truly global retailer.
Published By Datamonitor
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23 Jun 2011 |
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Expert View
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Recent Russian hostilities in Georgia, alongside PKK attacks on the Baku-Tbilisi-Ceyhan pipeline, have exposed the tight link between geopolitics and energy security in upstream European supplies. While the EU is increasingly looking to Central Asia and the Middle East to diversify supply options, it will need strong resolve and plausible political incentives if such a strategy is to succeed.
Published By Datamonitor
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12 Aug 2008 |
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CommentWire
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Rossmann, one of Europe's largest health and beauty retailers, has entered the Turkish market, opening two stores in the capital Ankara as part of a joint venture with local company PNR Group. The move is part of the retailer's strategy to enter less developed markets that offer strong expenditure growth, and will help to boost its surging international sales further.
Published By Datamonitor
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05 Aug 2010 |
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Expert View
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The United Nations World Food Programme, in conjunction with Red Crescent, has recently begun trialing the use of prepaid cards for aid distribution in refugee camps. While providing benefits in terms of aid distribution, the move also signifies a potential new market for prepaid cards to expand into, even if profitability gives way to humanitarian concerns.
Published By Datamonitor
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12 Dec 2012 |
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CommentWire
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With the passing of Greece's latest austerity measures, healthcare spending is set to be reduced by a reported E2.1bn ($2.8bn) during 2011-15, primarily through price cuts on pharmaceuticals. This will negatively impact pharmaceutical company sales not only in that nation, but also in other countries that reference Greek drug prices.
Published By Datamonitor
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30 Jun 2011 |
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