AUTOMOTIVE

Made-in-Turkey bus, minibuses exported to 68 countries in 6 months

Turkey’s bus, minibus and midibus exports increased by 13.98% in the first half of the year compared to the same period in 2021. The sector, which increased its export sales from $509.9 million in January through June last year to $581.2 million in the same period this year, sent buses, minibuses and midibuses to 68 countries, according to data from ...

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Turkey’s car brand Togg backs tech ventures’ global journey

Looking to guide startups on their global journeys, Turkey’s first domestically produced car brand is taking its mobility acceleration program to the international arena. Automobile Joint Venture Group (Togg), the consortium developing Turkey’s indigenous car, has announced a cooperation with the world’s largest innovation platform to launch its Mobility Acceleration Program. The cooperation looks to support international startups in many ...

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Turkey begins work on 1st domestic car’s sedan model

Work on C segment sedan of Turkey’s first domestically produced automobile has begun, Gürcan Karakaş, head of Turkey’s Automobile Joint Venture Group (TOGG), the consortium developing the car, said. TOGG plans to release five different models by 2030.  

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Drogsan and Rockwell Enter into License Agreement Concerning 65k Hemodialysis Patients in Turkey

Drogsan, one of Turkey’s leading pharmaceutical companies, will introduce Rockwell’s innovative iron deficiency anemia treatment to the Turkish market. Drogsan Pharmaceuticals, one of Turkey’s leading pharmaceutical companies, collaborated with US-based biopharmaceutical company Rockwell Medical to launch their new FDA-approved product in Turkey. Having introduced Turkey’s first biosimilar drug in 2014, Drogsan, a nephrology expert, joined forces with Rockwell, which is ...

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Foreigners edge back into Turkish markets

Foreign investors who remained aloof from Turkey for a few years are edging back in, drawn by a promise of some of the biggest returns in emerging markets and a pledge of economic and legal reforms, according to money managers. “We’re very encouraged to see a different approach coming in,” said Polina Kurdyavko, London-based head of emerging markets (EMs) at ...

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Turkish e-commerce giant Trendyol seeks over $1B to fund growth

Turkish e-commerce giant Trendyol is seeking to raise more than $1 billion (TL 8.22 billion) in a private placement, according to a report which cited people familiar with the matter. The Chinese online giant Alibaba Group Holding Ltd.-backed company looks to expand further in the international arena with fundraising aimed at U.K. and U.S. investors, sources were cited as saying ...

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Zeynep Tekstil ihracata kilitlendi

Üretimdeki 50 yıllık tecrübesi, sertifikaları, kuvvetli altyapısı, güçlü kadro ve Ar-Ge’si ile Zeynep Tekstil son 2 yıldır rotasını ihracata çevirdi 1970 yılından bu yana hazır giyim ve kumaş boyama & baskı sektöründe faaliyet gösteren Zeynep Giyim, İstanbul ve Çorlu’da bulunan 2 fabrikası ile büyümesine devam ediyor. ZEYNEP ailesini 3 nesil boyunca istikrarlı bir büyüme ile yaşatan firma, konularında tecrübeli ekibiyle ...

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Turkey’s garment industry exports to exceed $20bn

• Share of clothing in Turkey’s exports exceeds 10%, says TIM Chairman Gulle ANKARA – The Turkish garment industry plans to make more than $20 billion in exports in 2021, according to Ismail Gulle, Chairman of Turkish Exporters’ Assembly (TIM). In a written statement, Ismail Gulle said ready-to-wear clothing exceeded 10% of the country’s total exports in 2020, adding that ...

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Finance Minister Elvan: “Turkey safe haven for international investors”

• Turkey’s economy administration focuses on macroeconomic, financial, and price sustainability, says finance minister Lutfi Elvan ANKARA – Turkey offers significant opportunities for investors looking for a new and safe haven, and the country launched a mobilization in the economy and justice fields to become an attraction center for investments, Lutfi Elvan, treasury and finance minister of Turkey has recently ...

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Turkey to be fastest-recovering country in tourism

• Turkey has been taking important measures to protect visitors and staff during pandemic period, says tourism minister ISTANBUL – Turkey will be the fastest recovering nation next year in the tourism sector, the country’s culture and tourism minister said recently. Addressing Turkey’s Innovation Week held virtually by the Turkish Exporters’ Assembly (TIM), minister Mehmet Nuri Ersoy said the country’s ...

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