Iraq Power will be the first Conference to discuss Iraq's power generation plans and strategies, to build a sustainable power infrastructure in Iraq and meet domestic demand. The CWC Group, producers of Iraq Petroleum, has announced the launch of Iraq Power, taking place 17 June 2013 at the Intercontinental Park Lane, London. Iraq Power will be the first Conference to address Iraq’s plans to develop a moder ...

The Turkish retail sector, which recorded $302 billion in 2011, is expected to reach $421 billion in 2015. Internet retail portals are becoming a new favorite among Turkish internet users and shoppers, according to a Deloitte Turkey report. Turkey’s retail sector, which exceeded $302 billion in 2011, is expected to reach $421 billion in 2015, according to the “Retail Sector Analysis” report published yester ...

As of 2000s Turkish companies started to become aware of a concept called globalization and how essential it was to survive in the business arena in the long run. Talking about giant companies in Turkey at the time KOÇ and SABANCI were the main groups that could be referred to as “BIG”… In fact, it has always been mentioned that KOÇ group was the first to take big steps towards shifting to a corporate cultu ...

Japanese companies discover Turkish “safe haven” amidst crisis Turkey’s consistently growing economy and robust economic fundamentals proved to be a safe haven for Japanese companies seeking ways of growth overseas amid a stagnant market at home and continuing debt woes in Eurozone countries. Within the last 5 years, Turkey saw a stellar increase in Japanese investments, up from a meager USD 2 million in 20 ...

More German companies are flocking to Turkey to take advantage of the country’s fast-growing market, German executives say. Out of around 30,000 foreign companies in Turkey, nearly 5,000 are German RWE executives and Energy Minister Taner Yıldız (C) are seen at the inauguration ceremony of the company’s power plant investment in the southwestern province of Denizli. German companies have accelerated their i ...

Turkish Aerospace Industries, Inc. (TAI) has entered the list of world's 100 biggest defense industry companies for the first time in 2012. In a listing made by the Defense News magazine, Turkey's Military Electronics Industry company, ASELSAN, went up four spots in 2012 and was ranked 76th while TAI was ranked 83rd. Speaking to the Anadolu Agency (AA), Director General of ASELSAN Cengiz Ergeneman said that ...

As the recent acquisition of Denizbank by Russian lender Sberbank shows, Turkey’s crisis-proof banking sector, backed by strong economic prospects, stands out far ahead of its Eurozone peers in terms of growth and profitability. Turkey’s financial services sector is to draw more foreign investments in the coming months, according to the Investment Support and Promotion Agency of Turkey (ISPAT) President, Il ...

Ministry of Health announces that the number of smokers are in decline and Turkey is among the top four countries in the world in the fight against smoking. The number of cigarettes consumed in Turkey was 107 billion in 2008 and it has dropped under 100 billion in the last two years. according toHealth Ministry’s data. The number of cigarettes consumed in Turkey was 107 billion in 2008 and it has dropped un ...

With the announcement of the new incentives system, U.S. firms Pepsi, General Electric, 3M, Kimberly-Clark and Quest Diagnostics have all decided to invest in Turkey. VISITING THE WORLD'S TWO LARGEST ECONOMIES After his recent trip to China, Turkey's Minister of Economy Zafer Çağlayan has now begun his schedule of meetings in the United States. Çağlayan met with a number of administrators from leading Ameri ...

Turkish and U.S. companies have entered into joint ventures worth more than $2 billion since December and efforts are underway to further boost economic exchange, in line with the two countries’ vision of a “model partnership,” U.S. Assistant Secretary of Commerce Michael Camunez said yesterday. Camunez declined to comment on Turkey’s decision to cut down its oil imports from Iran by 20 percent, but said th ...

Asian automotive companies see Turkey as a jump pad for entry into developed markets, a survey conducted by KPMG shows. The international auditing and consultancy firm’s annual “Global Automotive Executive Survey 2012” points out that Turkey is the location of choice for a production hub for car makers from Asia. Executives from global automotive companies forecasted expansion for the industry until 2016, w ...

South Africa-Turkey Business Forum 2012 The South African Turkish Business Association (SATBA) in conjunction with the Gauteng Economic Development Agency (GEDA) hosted a bilateral business forum meeting in Johannesburg, South Africa. The forum was held at the world renowned ‘Long Room’ at the Bidvest Wanderers Cricket Stadium, on Thursday. The forum was attended by a large number of Turkish businessmen and ...

Founded by I.Vedat Gora in 1969 Murat Ticaret Kablo Sanayii Ltd. is Turkey's leading supplier today, for electrical connection components and distribution systems for commercial vehicles. With operations in Istanbul and Inegol (Bursa), Murat Ticaret manufactures hundreds of products that set the standards for "Quality", from traditional connectors  and signal switches to automotive distribution systems. The ...

Turkey’s Association of Advertising Agencies has announced advertising investment figures for 2011 compiled with data from member media agencies. Advertising spending increased by 20% last year, compared to the year prior, reaching a total of four billion, 320 million liras. This means that the Association of Advertising Agencies' announcement released to the press at the start of 2011, in which they stated ...

On the contrary to many economies in Western Europe, Turkey  has left behind quite a successful year in 2011. Business owners and professionals forecast 2012 is likely to be a year of success as well, with 6-7 percent growth. Many companies thanks to the bitter experience they have survived through in the close future, have taken some measures to enable them to run them their businesses on a “flexible struc ...

Turkey has been receiving more and more FDI every consecutive year, inspite of the global crisis which has hit some countries like Greece real hard. In fact, it is the most profitable country for Alliance Boots's global organization. It ranks second in terms of turnover... Novartis Türkiye ranks tenth of all the Novartis operations. In 2011 it was eleventh. JTI Türkiye, which had ranked ninth in terms of gl ...

The tender for the demining of 2.1 million square meters of land on the Turkish- Syrian border nears completion as the Defense Ministry shortlists 20 companies for the job. The firms are expected to submit their price offers by June 15 Turkey’s Defense Ministry has announced a shortlist of 20 companies that have reached the final round in the tender to clear Turkish mines from locations along the Syrian bor ...

The economic crisis in the European economies this year has pushed advertising expenditures down sharply, while the trend in Turkey has been exactly the opposite. Turkey does not only grow faster than European countries, but it is also outstripping the old continent in advertisement expenditures, according to the Advertisers Association. Nevertheless, significant growth might slow down in the second half, s ...

Nearly 200 Turkish companies will attend Heimtextil Fair in Germany which will be held between January 11 and 14, 2012. Heimtextil is one of the biggest home textile fairs of the world and it is held every year in Frankfurt city. Nearly 2,600 stands had been opened in 2011's fair which hosted 73,000 visitors. Turkey had opened 156 stands in the fair. Meanwhile, Suleyman Kocasert, executive board chairman of ...

Several U.S. companies will hold talks in Turkey till December 9. A U.S. delegation consisting of representatives of 17 companies headed by Francisco J. Sanchez, U.S. Under Secretary of Commerce for International Trade, will hold talks in Turkey regarding business opportunities with Turkish companies. The delegation will hold talks in Turkish capital of Ankara today, in western province of Izmir on Wednesda ...

DEVELOPING REAL ESTATE SECTOR IN TURKEY Turkey has gone through major changes in the recent decades both in terms of social and economic developments. Housing has been a major topic as well and furthermore since the beginning of 2002, an organized and international property market has started to develop in major cities, Istanbul to be in the first place certainly. This has brought about a great interest fro ...

Turkey is among the fasted developing countries in the world.. and not in terms of GDP growth only but also in terms of technology and IT sector etc.. A young population hungry for technology and success is certainly among the major factors that has brought about this result. The internet for instance has become a big time success in this country in a very short time after launching and today Turkey is amon ...

Lunch voucher sector in Turkey is growing due to factors such as the rapid growth of economy, companies' reorientation towards new employement and tax advantages. While the industry has reached an annual turnover of 1,5 billion, smart cards have become more popular. Recognition of tax relief for lunch vouchers distributed by companies to their employees helps the market grow gradually. Lunch vouchers were f ...