ECONOMY

Food Exporters increased their target in the Russian market

The goal in exporting food to Russia is exceeding 1 billion dollars The food industry, leaded by the Agriculture and Forestry Minister Dr. Bekir Pakdemirli, visited Russia, which is the sole country considered as the target market of all exporting industries in Turkey, for settlement of problems experienced in exportation operations. In a 9-month period, the Turkish food industry exported ...

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Green olive is the star of table olive exportation

Turkey had a successful head start in 2018-19 season of table olive exportation. The first quarter of the season is over and exportation of table olive has increased by 23 % and reached 41 million 564 thousand dollars. In the table olive exportation segment, exportation of green olive has increased by 85 percent and exportation of black olive has increased ...

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Turkish fruit juices sweeten the mouth of the world

The world’s mouth is sweetening Turkish juices. Turkey’s exports of fruit juice grabbed 30 percent export growth rate in the amount of $ 279 million in 2018 and was the star of the export of fruit and vegetable products in the industry. Fruit juice exports in 2017 was $ 214 million. As Turkey exported fruit juice to 150 countries, fruit juice exports ...

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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 would serve as an ideal and remarkable thermal tourism center of the region more than ever

Recep Altepe, Mayor, Metropolitan Municipality of Bursa: We are determined to upgrade the tourism potential of Bursa by increasing the thermal water capacity and infrastructure. We put particular emphasis on a series of new investments directed to thermal tourism. Recep Altepe, Mayor, Metropolitan Municipality of Bursa said, “Bursa, which is a member of the European Historic Thermal Towns Association (EHTTA), ...

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Energy And Infrastructural Investments 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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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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