KAVAKLIDERE Winery, the first private sector wine producer in Turkey was founded by Mr. Cenap And in Ankara in 1929. The company has enjoyed a consistent growth to become Turkey’s leading wine producer. Kavaklıdere owns 562 hectares of vineyards in the most important wine-producing area of Anatolia, where professional growers strive to maintain the perfect grapes-soil-climate equation so as to increase the ...

On his visit to Kyrgyzstan PM Erdoğan said Turkey had turned into a  safe haven thanks to economic success achieved through appropriate fiscal policies and structural reforms implemented in the last 10 years. Prime Minister who held meetings the Kyrgyz President Almazbek Atambayev and Prime Minister Jantoro Satybaldiev in Bishkek, also attended the second meeting of the Turkey-Kyrgyzstan High Level Strategi ...

The automotive sector was not in the top 3 largest export industries in August. The Turkish Exporters’ Assembly’s (TİM) exports figures for August show a sharp decline in sales to Europe, which is in pace with the Turkish Statistical Institute (TÜİK) figures for a month earlier. The country’s exports engine automotive sector could not secure a place in top three in August, TİM has said. “We have maintained ...

Turkish citizens living in the northwestern Marmara region consume 45 percent of the country’s sweets and chocolates.The Turkish confectionery market grew 10 percent and recorded an annual sales figure of $3.1 billion in the past few years. One-third of confectionary consumption takes place during the religious Şeker Bayram and Feast of the Sacrifice holidays. During these periods, per capita consumption re ...

Turkish-Egyptian trade volume up 19 percent Turkish-Egyptian trade volume is expected to increase by 19 percent in 2012, reaching a figure of $5 billion, chairman of the Turkish-Egyptian Businessmen’s Association (TUMİAD), Zeki Ekinci has said. “Turkish commercial investments in Egypt reached $1.5 billion in 2012. We expect the trade volume to be $5 billion in five years,” Ekinci said, speaking to Anatolia ...

Turkey which has been spending immense effort to improve its foreign trade performance has signed agreements with many countries all over the world. Turkey attributes great importance to its economic partners and this returns as new positive progress in the foreign trade statistics of the country. Within this frame, Turkey and South Korea are to sign free trade agreement on Aug. 1 Mr. ÇAĞLAYAN, the successf ...

Turkish retailers are branching out in the Middle East in an attempt to widen their international presence and establish themselves as global brands. While a number of brands have had to shut down shops in Europe due to the economic crisis, in the Gulf region, many Turkish retailers are fast on the rise. Designers are now joining in on Turkish retailers' trend of heading to the Middle East and are increasin ...

Ford Otosan’s Gebze Engineering Center, third largest of its kind in Ford Motor Company’s European operations, puts engineering skills next to the US auto maker’s “Made in Turkey” export list consisting of light commercial vehicles (LCV) , trucks and powertrains. The Turkish-US JV’s engineering services made available to Ford units worldwide totaled USD 50 million in 2011, according to the company’s Directo ...

Colin's is planning to enter the Chinese market next year. According to the CEO of Colin's Yavuz Eroğlu, plans are to open 55 stores in the first year alone. With 600 stores both nationally and abroad, the youthful clothes line brand Colin's will soon be entering the Chinese market with intentions to open 55 stores within one year's time. Colin's CEO Yavuz Eroğlu states, "This is a market we have been looki ...

Mexico to open Istanbul trade office to boost business volume The Mexican government's trade and investment promotion agency has decided to open up an office in Istanbul to promote business activity between Turkey and Mexico. Enrique Haro, the chief of staff at ProMéxico (Mexican Trade and Investment Agency), told Today's Zaman on Tuesday that the board of directors of ProMéxico had last week approved to ad ...

US companies introduced to Turkish incentive scheme Turkey’s new investment incentive scheme is the world’s greatest system, and will hopefully lead to an international investment boom, Economy Minister Zafer Çağlayan said yesterday at a New York meeting of the River Club. Çağlayan was explaining the new scheme to the Chief Executive Officers (CEOs) of several large American firms. On the train ride to Wash ...

Turkish Prime Minister Recep Tayyip Erdoğan announced yesterday a new incentive scheme to prop up local and foreign investments in the country, while supporting underdeveloped regions. The new incentive system names almost the entire Southeast and East underdeveloped, offering eases for investors. The plan also aims to fight current account gap. Erdoğan said "The updated scheme is aimed at reducing dependen ...

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 ...

The most popular puzzle that the Anatolian firm produces is Dianne Dengel’s ‘Home Sweet Home,’ which is also called ‘The Picture of Happiness’ in Turkey. Turkish puzzle maker Anatolian has begun exporting to Mexico, Canada and South Africa. In four short months the company has sold 30,000 boxes of puzzles. The company produces 400,000 boxes annually and has a sales figure of 250,000 boxes per year with 4.8 ...

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 ...

Caglayan expresses hope to increase bilateral trade volume with Iran Economy Minister Zafer Caglayan, who is currently in Tehran as part of a delegation accompanying Prime Minister Recep Tayyip Erdogan, made assessments yesterday with regard to Turkey's commercial ties with Iran following the welcoming ceremony at Sadabad Palace. "Besides preferential trade, we will be holding contacts about promoting and i ...

A sign stands in front of the Moscow headquarters of Gazprom’s exports division. The firm eyes storge in Turkey.Russian Gazprom is conducting studies to see if it can build natural gas storage facilities in Turkey, according to Gazprom officials who spoke to Anatolia news agency. Turkey’s natural gas consumption has increased three-fold in the past decade, reaching 40 billion cubic meters, which has made Tu ...

MARBLE 2012, 18th International Natural Stone and Technology is going to be held in Izmir, on 21-24 March 2012. MARBLE was held in 1995 for the first time as the unique International Stone Exhibition of Turkey on which occasion 47 participants exhibited on an area of 2.600 sqm. Above figures have increased to1.160 exhibitors and 55.445 participants which is a good indication for the success of the event con ...

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 ...

Italian chocolate producer Ferrero launched a EUR 95 million investment to build a plant in Turkey’s Aegean province of Manisa. The groundbreaking ceremony of the plant, which is set to cover over 146,000 square meters of land, was attended by Turkey’s Deputy Prime Minister Bulent Arinc, the President of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, Manisa Organized Industrial Z ...

Petkim, Turkey's only producer of petrochemicals exports its products such as benzene, C4, AYPE, P-X and pygas to 60 countries in the world. Petkim is the second largest exporter of Turkey in chemical industry. Founded in 1965, it has been operating modern facilities in Izmir Aliağa, since 1985. In a campus on an area of more than 1900 hectares there are 15 major production plants and 8 auxiliary facilities ...

ASELSAN is a high technology company within the Foundation of Turkish Armed Forces, operating in the defence systems production sector. Starting with the aim of creating a self-sufficient industry primarily for defence requirements of Turkish Armed Forces, ASELSAN has shown tremendous success in the last 30 years and systematically expanded in the local and global markets. Today the company is a high techno ...

Kale Kilit exporting to over 1oo countries, aims to become one of the 10 largest  lock manufacturers in the World within the next few years. The company currents exports to over 100 countries including Netherlands, China, Ukraine, Romania, Algeria, Iran, Kazakhstan and many more. The products of the company are most preferred in markets such as Middle East, Saudi Arabia, Iran, Iraq, North Africa, Russia, Bu ...