Metropolitan Municipality of Bursa increases and diversifies its investments in Yenişehir


Bursa Metropolitan Municipality of Bursa initiates a series of investments in Yenişehir in order to give an impetus for the urban and rural development of the region. Recep Altepe, Mayor, Metropolitan Municipality of Bursa said, “We increase our infrastructural investments, totalling 225 million TL, in Yenişehir, thereby paving the way placing utmost importance for the welfare of the citizens.” Metropolitan ...

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Bursa Turned Out To Be An Exemplary City For Agricultural And Rural Development


International AgriCities Conference was held in Konya, with the participation of international and national members. Bursa has become a focus of attention at the International AgriCities Conference. During the Conference. Bursa’s remarkable potential in terms of agricultural and agro- based industries were underlined by the participants. Yetişkan Keskin, Chairman, Departmen t of Rural Services, Metropolitan Municipality of Bursa and Mustafa ...

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Energy And İnfrastructural İnvestments Discussed At Uludağ Economic Summit


“Thanks to BOT [build-operate-transfer] and PPP [public-private-partnership] models, mega projects have been completed one by one. If the government had wanted to make all those investments by itself, treasury’s budget would not have been sufficient.” BURSA-Infrastructure investments should be deemed as the driving force for sustainable economic development and a source of motivation for our country, head of a prominent ...

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Turkey’s economic confidence rebounds in February


Confidence in Turkey’s economy rebounded in February after a two-month dip, the Turkish Statistical Institute (TÜİK) reported on Feb. 27. The Economic Confidence Index surged 6.8 percent to 91.5 in February compared to last month, TÜİK said in a statement. This increase in the economic confidence index stemmed from the increases in services, the real sector, construction, and retail trade ...

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P&G embarks on investment in Turkey’s Gebze


The U.S.-based Procter and Gamble (P&G) has made its 250 million-Turkish lira ($70 million) investment in the northwestern province of Kocaeli’s Gebze district online and signaled new investments. The fresh investment in Gebze aims at increasing local production in baby and women outputs and thus enhancing diversification in export markets, according to top representatives from the company. “We will increase ...

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Turkey’s SWF to focus on securitization


The first act of business by the Turkish Sovereign Wealth Fund (SWF) will be the issuance of securities, while it will also focus on Islamic finance products in securitization, the size which will be decided separately after a valuation of transferred assets. The fund will contact local and foreign investors for securitization over the next few months. The size of ...

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TÜSİAD new board members meet PM Yıldırım


New board members of the Turkish Industry and Business Association (TÜSİAD) met Prime Minister Binali Yıldırım. At the meeting, a number of key topics were discussed, including the current economic and investment climate, relations with the European Union, the Customs Union deal, the participation of women in the labor force, the Industry 4.0, digital transformation, youth and educational issues, a ...

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Henkel wants to expand production in Turkey


 Henkel has initiated consultations with a view to producing three brands the company acquired last year in Turkey, according to Henkel Turkey Chair Hasan Alemdar. He also stated that Henkel wants to utilize Turkey’s location as a hub for production. Henkel purchased Turkey’s first shampoo brand Blendax and strengthened its hair care product portfolio before going on to purchase “Pert” ...

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Turkish banking sector supports real economy, not deposits money


The chairman of the Banks Association of Turkey (TBB) and Ziraat Bank General Manager Hüseyin Aydın evaluated the country’s economy and its banking sector at the TBB Board Members meeting. Referring to President Recep Tayyip Erdoğan’s call on banks to avoid keeping money in the bank and sitting on it, Aydın said criticism of this issue addressed the general practice. ...

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Turkish businessmen seek boost in trade relations with Bahrain


Turkish businessmen desire to boost trade between Turkey and Bahrain, chairman of the Turkey-Bahrain Business Council said. “We plan to visit Bahrain at the end of this month or early April. Our goal is to improve warm relations between the two countries, which will hopefully lead to an increase in mutual trade volume,” Muhammet Uğurcan Barman said at a Council ...

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