GÜBRETAŞ proceeds on its way with the vision to become "a giant and a leading company in Turkey and establish itself as a well-known brand in the world".  In order to reach this objective, it has adopted the investment strategy in the countries having raw material resources; and in 2008, the consortium, led by GÜBRETAŞ, has purchased Iran's Razi Petrochemical Company. Being the largest industrial investment ...

Şişecam’s 2011 profits grew by 53 percent as the company continued to expand abroad, according to Ersin Özince, chairman of the Turkey-based glass maker. The company fulfills some three percent of the global glass demand with its production, which has reached $3.7 billion. “In 2011 our net profits increased 53 percent to 741 million Turkish Liras. Our 2011 sales figures registered an 18 percent increase fro ...

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 ...

The economical performance Turkey has been displaying recently has been verified by another global agency to pave the way to an increase in credit note. The Fitch Group, a global rating agency based in both London and New York has declared that Turkey stands chances of being granted a better credit note thanks to its perfomance in current account deficit and inflation figures. The agency stated that Turkey' ...

Turkey country which haas shown some remarkable economic performance recently has drawn much attention from global observers. In fact this has been verified by int'l reputable establishments such as Moody's by furnishing Turkey with higher creditentials. Most recently another world reputable establishment, namely Financial Times has also given Turkey another reason to boast for its excellent achievement by ...

As the Focus in Europe Turns to Spain, Turkey Prepares for More Growth The European debt crisis is well into its third year and counting, leaving many to suggest that the more appropriate word be “conundrum”, since the urgency of the situation is more ongoing than sudden.  Greece, Ireland and Portugal have received bailout funds, but the recent focus has been on Spain, with Italy waiting in the shadows and ...

Global Trends 2030 report says Turkey to be one of influential countries EU Global Trends Report said "Turkey will take an influential role in the globalising world by 2030." According to "Global Trends 2030" report, Turkey will thrive. According to EU experts, Turkey will be taking its place in the globalising world by 2030 but there are doubts over Turkey's full membership to the European Union. The 2010 ...

OVERVIEW Recently, the measures taken to overcome the crisis in Euro Area, which is cited as the main threat to  global economic outlook, and the major central banks’ leaning towards monetary easing to support growth stimulated the capital inflows to emerging market economies. Central Bank of Turkey narrowed the interest rate corridor by decreasing the O/N lending rate. CBRT cited the Fed’s, ECB’s and some ...

Turkey has plenty of export items which contribute to the revenues of the country. Among those, we can mention exportation of plastic products to include household items and kitchenware which was not feasible until a decade ago. Today however, Turkish companies in the sector have found fertile markets and established successful and profitable business relations with foreign buyers. Ucsan Plastik is among su ...

Turkey’s Deputy Prime Minister Ali Babacan held talks with Singaporean Prime Minister Lee Hsien Loong and leading businessmen in Singapore March 9, in the second stop after Hong Kong on his mini Asia tour. The talks he held in Hong Kong and Singapore were very important in helping the Turkish government’s bid to turn Istanbul into global financial center, said Babacan. Some of the talks were on making the c ...

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 ...

A GENERAL LOOK : Despite the continued downward risks to world economy, global markets started the new year with a positive sentiment. The impacts of the favorable developments in global financial markets were also effective  on the domestic markets. ISE-100 index increased  around 15% from its lowest level in January when the index declined below 50.000 threshold. During this period, TL appreciated against ...

Turkish Foreign Minister Ahmet Davutoglu said on Monday that he proposed a new initiative which would bring together the least developed and the developed countries for global peace and security in the informal meeting of foreign ministers of G20 countries held in Los Cabos city of Mexico. LOS CABOS- After the meeting of G20, Davutoglu assessed his talks in Los Cabos, saying that G20 was an organization tha ...

Turkish Deputy Prime Minister Ali Babacan said Thursday that had Turkey been an EU member, they would not have permitted the EU to come to this point of crisis. ANKARA- Speaking on a TV program in Davos town of Switzerland on Thursday, Babacan said that the most important item on the agenda in Davos was the economic crisis in Europe. Things in Europe are getting tougher and problems are getting bigger. Ther ...

Growing storm clouds over the eurozone mean that developing economies are vulnerable to a possible repeat of the 2008 global crisis, the World Bank says in a report revealed yesterday. The bank especially warns Turkey due to its large current account deficit, high short-term debt and low foreign currency reserves The World Bank warned developing countries, including Turkey, to prepare for the “real” risk th ...

The Greek Business Federation will be organizing a trip to Greece for almost 200 Turkish businessmen to participate in 50 billion euros worth of privatizations. In order to overcome the economic crisis, Greece has decided to privatize public assets and will be hosting Turkish businessmen in September for an anticipated 50 billion dollars worth of privatizations. According to Burcu Akdarı, Chairman of the Yo ...

After making a mark in December, investments in the chemical industry in Turkey appear to be extending into the New Year. Following announcements of investments by both Dow and Aditya, another mega firm, the USA’s Huntsman has purchased EMA Kimya. One of the most in demand sectors in Turkey by foreigners, the chemical industry, has seen move after move made by mega global firms over the past month. Now, fou ...

In spite of accusations of “betrayal” by ultra-nationalist Greeks, rapprochement between Turkey and Greece is resulting in increased political, economic and social benefits for both sides, Assistant Professor Dimitris Triantaphyllou, Director of the Center for International and European Studies (CIES) at Kadir Has University, told the Daily News. The peaceful atmosphere between these two countries is a majo ...

Simsek: Turkey is able to have soft landing even if stiff breezes blow from Europe While worldwide efforts to deal with the stress of expected economic crisis are underway, Turkey is confident with its strong economy. Finance Minister Mehmet Simsek stated that global economic crisis might affect Turkey, but that it had a strong economy to face with it. "The stiff breezes blowing from Europe might affect Tur ...

Turkey wishes EU to take concrete steps and recover its economy. Turkey's deputy prime minister said on Wednesday that Turkey wished the European Union (EU) to take concrete steps and recover its economy. Ali Babacan said Turkey hoped things would become better in Europe, and noted that Greece, Spain, Portugal, Ireland and Italy raised its public expenditures as a measures in 2009 however Turkish government ...

Sarkuysan is among top three in Europe and top 5 in the world in electrolytic copper industry with a portfolio of global giants as customers.The company produces oxygen-free copper for NASA and nickel-coated cable for BOEING. The company exports products to 56 countries ranging from the USA to Middle East. 40 percent of its annual production capacity of 240,000 tons is for foreign markets. 18 percent of thi ...

Nestle Turkey's Chief Executive Officer, Hans Ulrich Mayer, said Monday that "unlike many European countries and the United States, the Turkish economy continued to be strong". Speaking to the AA, Mayer said that they attached high importance to Turkey and that their investments in Turkey were 3-4 times bigger than those made in other countries. 2011 was a good year for Nestle Turkey. We will complete this ...

It is has been observed for a while now that Turkey is one of the fastest developing economies in the world. Accordingly, Turkey has much more to say in the global logistics sector today. Within this framework one of the most reputable fair companies of Turkey is scheduled to organize an important exhibition in the logistics sector in Turkey between 8-10th December 2011. The same event was held in 2010 - wi ...