Türkiye’s first floating gas platform arrives at Black Sea port
Türkiye’s first floating natural gas production platform, Osman Gazi, reached Filyos Port in Zonguldak on May 31.
Today, the High-Level Economic Dialogue between Türkiye and the European Union has been resumed in Brussels after six years.
Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis and Commissioner for Enlargement Marta Kos met Türkiye's Minister of Treasury and Finance Mehmet Şimşek for a High-Level Economic Dialogue (HLED) between the European Union and Türkiye.
"The Türkiye-European Union High-Level Economic Dialogue meeting was held today in Brussels, after six years, in a very constructive atmosphere," Şimşek said on X.
"In the productive meetings with our EU counterparts, a consensus was reached on enhancing economic relations and increasing cooperation in all areas. Additionally, the modernization of the Customs Union and visa facilitation were discussed," - Turkish minister stated.
Şimşek added that deepening of relations with international financial institutions based in Europe was also evaluated.
Discussions on strengthening competitiveness, improving Türkiye's investment climate and better coordination of the engagement of European and International Financial Institutions (IFIs) in the country—including a state of play of the Türkiye Investment Platform (TIP)—were also among the principal subjects.
Business-to-Business Dialogue took place as a part of the event, which provided an opportunity for the representatives of the European and Turkish business community and the IFIs involved in the TIP to meet. The meeting focused on exploring how the EU and Türkiye can enhance competitiveness and drive the green transition to strengthen economic, financial, and investment ties as well as on improving SMEs' access to long-term sustainable financing.
EU and Türkiye's representatives agreed to meet again next year in Türkiye to continue cooperation in critical economic areas while maintaining consistent, open and constructive communication on mutual challenges and opportunities.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
Model Hailey Bieber is selling her skincare brand Rhode to e.l.f. Beauty in a deal worth up to $1 billion (£790 million), with plans for international expansion and continued viral success.
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