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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Antalya dives into tourist season with new submarine attraction


Antalya Governor Münir Karaloğlu made a trial dive with the new touristic submarine “Nemo Primero” in Antalya. During its inaugural dive, the submarine went 20 meters under the sea near “Rat Island” off the shore of the Turkish Mediterranean city of Antalya. Governor Karaloğlu along with his wife Sevim and his daughters Elif Meva and Meral Su participated in the ...

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8 million foreign tourists expected to visit Antalya this year


The head of the Professional Hotel Management Association (POYD) headquartered in Antalya revealed that an expected 8 million foreign tourists will visit Antalya this year. “We expect around 7.5 to 8 million foreign tourists to visit Antalya this year, which will represent a 30 percent increase compared to 2016,” Hakan Duran told Anadolu Agency. Duran also said that early booking ...

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Turkey’s first national air traffic control simulator enters into service


The first national air traffic control simulator developed with local resources went into service after getting successfully installed in a Turkish airport’s training and simulator facilities says the Scientific and Technological Research Council of Turkey (TUBITAK). TUBITAK said in a written statement that the first national air traffic control simulator system (atcTRsim) has several simulators such as approach, area control ...

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Turkey’s automotive production up by 31 pct for Jan.


Automotive production in Turkey surged 31 percent year-on-year in the first month of 2017, according to an Automotive Manufacturers’ Association (OSD) report released. The OSD said automakers manufactured 128,000 vehicles — including automobiles, light commercial vehicles and tractors in January 2017 , while automobile production advanced 61 percent to stand at 94,000 in the same period. The overall auto sales ...

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Turkey’s unemployment to fall to 9.5-10 pct


Turkey’s unemployment to fall to 9.5-10 pct by end of 2017 with new job campaign: Minister Turkey’s unemployment rate will fall to single digit figures by the end of 2017 thanks to a number of plans to boost employment, Labor and Social Security Minister Mehmet Müezzinoğlu has claimed. “With the positive impact of employment boosting steps, the unemployment rate will ...

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Energy cooperation would help peace on Cyprus


Turkish Cypriot President Mustafa Akinci said that if the negotiations for a resolution on the island end in success, Mediterranean gas reserves will help bring lasting peace to the island. Speaking to Anadolu Agency after attending the 13th Economic Cooperation Organization (ECO) Summit in the Pakistani capital Islamabad, Akinci also warned, “If there is no solution and compromise on the ...

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