Tüpraş, Turkey's largest industrial enterprise, is the 8th largest refinery company in Europe and 30th largest in the world. Tüpraş, only Turkish company operating in refining industry is Turkey's largest industrial enterprise by its total sales revenue of TL 18,215 million which added a gross value of TL 17,257 million to the country's national income. Tüprai is 8th largest in Europe and 30th largest refin ...

Turkcell General Manager Ciliv states that while Europe was in crisis, they managed to double investments and closed the gap with the West. “We are number one when it comes to population coverage,” says Ciliv. Turkcell General Manager Süreyya Ciliv was a guest on a television program entitled "İş'te Hayat", broadcasted on aHaber. Emphasizing that during the period of time when the world entered into the eco ...

As part of a survey conducted by global aviation research organization Skytrax, the Turkish Airlines (THY) has been named as the winner of three categories, namely, the Best Airline in Europe, the Best Airline in Southern Europe and the Best Premium Economy Class Airline Seats. These three awards were received by THY Director General Temel Kotil at a ceremony which was held yesterday in Farnborough, Britain ...

Automobile sales decline one-fifth in five months The number of cars and light commercial vehicles sold in the first five months of the year was nearly 21 percent less that it was for the same period a year earlier, according to an Automotive Distributors Association (ODD) report. The report, available on the organization's website, shows that sales were 20.79 percent lower year-on-year in January-May, at 2 ...

Foreign doctors to be recruited under new health legislation, but problems still persist Amendments to Ministry of Health legislation that allow private hospitals to recruit foreign doctors to reduce the shortage of doctors in Turkey came into force last Sunday. In an interview with Sunday’s Zaman, Nijat Alishev -- a physician assistant from Azerbaijan who specializes in radiology and works at the Istanbul ...

In paralel to the positive development in industry and GDP in the country in recent years, Turkey has started to become more and more a paradise for service industry. In fact, new investments made in service sectors such as retailing, air transportation, finance, health, tourism and education have been succesful initiatives to provide good examples for more entrepreneurs to grow interest in said sector. It ...

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 ...

Turkish banking sector has gone through some rough times in the last couple of decades and in fact many establishments have gone bankrupt. Among those banks that have experienced a strong competition and unfavorable economic trends, Finansbank has been able to survive under the efficient and expertise administration of Mr. Hüsnü ÖZYEĞİN, the founder of the company. Mr. Özyeğin is a living legend in the sect ...

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 ...

After launching the first Dedman Park hotel in Denizli Turkey in March, Dedeman will expand its Park franchise to Kazakhstan and Russia in two years. Dedeman Hotels and Resorts International has decided to launch a new four-star hotel chain concept called “Dedeman Park,” which will be geared towards the needs of business travelers. “The first overseas hotels will be the Dedeman Park Oskemen in Kazakhstan an ...

Turkey has taken some giant steps in the recent decade in terms of its share in air transportation and traveling. Indeed Turkish Airlines has become one of the airline companies with most promising future in the sector on a global scale. PEGASUS on the other hand is another Turkish company which has gained big reputation as well as considerable share in the domestic market. Pegasus Airlines was established ...

The Turkish aluminium industry has been booming since 2002. Production levels, domestic sales and imports and exports have been continuously rising. The expansion of important consuming industries such as the automobile industry and housing construction, and the demand for semi-finished and finished aluminium products for the packaging industry as well as electric household devices have been influential fac ...

A leading Turkish consultancy and investment company has entered the healthcare sector by investing in Istanbul Cerrahi Hospital in cooperation with a firm from a Gulf state. The hospital aims to attract patients from the Middle Eastern and Turkic countries who travel to the United States for medical treatment, Bülent Göktuna, the head of Mineks International, said during a press conference yesterday in Ist ...

Turkey has a fast developing industry and chemicals are widely used in this country. There are a lot of companies involved in importation of chemicals into Turkey. Due to the perception of risk on global basis however,  there certainly is a slowdown situation in the sector as with all other segments in the economy. Winters are not the best time for chemical business anyway but the stagnancy in question at t ...

In Turkey which is the world's 15th large producer of milk, consumption of this item ranks 4th after tea, water, and carbonated beverages. An average Turkis citizen drinks 26 kg of milk annually. Instead of milk, Turks prefer to consume it in the form of yoghurt, buttermilk, butter and in pudding like desserts. Therefore Turks like to eat milk rather than drink it. With more than12,5 million tons of product ...

The number of minilabs used in Turkey is over the number of same machines used in other countries. The fact that the system has switched to thermal and inkjet printing systems and restrictions and bans imposed on chemical materials used in minilabs has caused to pull down new minilab sales, in Turkey as well as globally. Due to shortage of new such equipment in the market a secondhand sector for minilab mac ...

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 ...

Three car giants announced they are investing 287.1 million euros in car production in two different factories in Turkey. Toyota’s Turkey branch said it will make an additional investment of 150 million euros to its existing production plant in the Black Sea province of Sakarya and will employ 400 more people to start the production of saloon cars, according to a report by Reuters news agency yesterday. The ...

The photography sector in Turkey has developed quite rapidly in the recent years and the market has thus become considerably bigger. Simultaneously, the structure of the market has changed as well.In the past, negative films were used for printing whereas digital systems are of preference today. This situation has caused a temporary drop in revenues of the sector for negative films and resulted in putting s ...

Turkey is an amazing country with so much to offer… One of the most beautiful landscape and natural beauties as well as most important historical ruins all belong to the civilizations established in this unique part of the world.. Talking about food for instance, Turkish kitchen is known to be among first three in the world.. Turkish wine however has not received the popularity it has long deserved. This is ...

Down below you will find a short evaluation from a top executive in the sector as to if the pharmaceutical industry in Turkey is promising for the future. Q: Do you consider Turkish market to be attractive for foreign companies. A: If we should talk about mid term and long term prospects, the answer would be “YES” due to below reasons. Turkey is 6th-7th in Europe in terms of GDP and 17th in the world now. A ...

The retail sector in Turkey - a paradise of shopping, is attracting an accelerating demand from global investors each and every day. In fact several foreign funds have been looking for opportunities to invest in the country’s growing shopping mall business in joint venture with local groups. Experts say it is the right time for foreign investors to make presence in this country and indeed in the middle of t ...

Within one weeks’ time four banks have expressed interest in purchasing Denizbank. Increasing demand continues for Denizbank, which the French-Belgium joint banking group Dexia is faced with having to sell due to difficult times. According to news released by Habertürk, Ernst & Young's Corporate Financing Department Chair Müşfik Cantekinler stated that within the past week four banks have submitted appl ...