ECONOMY

Turkey expedites gold mining

Turkey, which started gold mining with 1,4 tonnes of production in 2001, has accelerated its efforts in this direction. Both the President of the Republic Recep Tayyip Erdoğan and the Minister of Energy and Natural Resources Fatih Dönmez announced that Turkey broke the historical record of the Republic in 2020 with 42 tonnes of gold and they would like to ...

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THE ‘FIRST’ AND THE ‘LARGEST’ SYRINGE MANUFACTURING COMPANY IN TURKEY: SET MEDIKAL

We know that the role of medical devices in the health sector has gained a great importance especially with the pandemic. During this period, needs increased, and new responsibilities were placed on manufacturing companies. SET Medikal had the opportunity to prove once again the important success it achieved on the day it entered the sector, with its extensive knowledge of ...

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Turkey is determined to grow by new investments

The country allocates $18.5B for 2021 new investments. Transport and communications projects to take lion’s share with $5.7B, followed by education with $2.66B   ISTANBUL – Turkey released an investment program to fund 3,091 projects in 2021, according to information issued in the Official Gazette on January 15, 2021.. The program totals 138.3 billion Turkish liras ($18.5 billion), the gazette ...

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Turkey expects contracting projects abroad over $15B

Trade Minister Pekcan: “Since 1972 Turkish contracting sector realized over 10,500 projects worth $418.7B in 128 different countries.” Turkey this year expects the value of its contracting projects abroad to top $15 billion, despite the pandemic, the trade minister Ruhsar Pekcan said at a meeting organized by Turkish Contractors Association. “The project value of work undertaken by Turkish contracting companies ...

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Polifarma Pharmaceuticals was Deemed Worthy of First Place in the

  ™Medicine∫ Category at the 9th Chemistry R&D Project Market Event   Vildan Kumrulu, Vice Chairman of Polifarma, said, “We developed Turkey’s the first domestic 3-chamber parenteral nutrition solution together with our colleagues at our PolAr-Ge. After receiving our EU GMP Certificate, we will start exporting this product to Europe.”   Could you inform us about the foundation story of Polifarma? The organization story of Polifarma ...

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161 BUYERS from CENTRAL AMERICA and 188 BUYERS from 21 CARIBBEAN COUNTRIES GATHERED ONLINE

BEAUTYISTANBUL’S 3rd and 4th Regional Online Meetings focusing Central America and The Caribbean regions were great success with 349 buyers in attendance, following the 1st Online Regional Meeting: Central Asia in September with 90 buyers and 2nd: East Africa in November with 256 buyers BEAUTYISTANBUL Central America and Caribbean Online Meetings were respectively held on December 2nd and 3rd. Central America meeting hosted 161 ...

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“Our expectations from Turkish Exporters are beyond the normal”

Turkish Exporters Assembly (TİM) announced the provisional foreign export data for May. In May, Turkey’s export was $9 billion 964 million, decreasing 40,9 percent. Exports in the last 12 months decreased by 8,4 percent to $165 billion 732 million. Chairman of TIM Ismail Gülle pointed out that Germany’s export numbers faced the biggest decrease in the last 30 years in ...

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“We can turn the corona crisis into a golden age!”

Turkey Empoleers’ Platform (TPP) and the Eurasian Industrialists and Businessmen Association (ASİAD) Chairman Ömer Faruk Basaran, made a statement about the period the world going through.   Pulling attention to the possibility of turning the  global coronavirus crisis into an opportunity for Turkey, Omer Faruk Basaran said, “In these days when the world economy came to a standstill, we can ...

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Turkish Signature on the world’s first and only solar power fence system

As the founder of the wire fence industry in Turkey, Kosedag Mesh Wire brings the highest standards to the security solutions with innovative products it develops.  As one of these products, the world’s first and only solar power illuminated fence system offers an elegant, environmentally-conscious and high security solution. Kosedag Mesh Wire, the first manufacturer of wire fences in Turkey, ...

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EU Council raises Turkey’s GDP growth forecast for 2019

European Council’s report, “Autumn 2019 Economic Forecast,” raised its growth expectation for Turkey’s GDP this year from minus 2.3% to 0.3%. The report, of which previous version was released last Spring, also expected that the Turkish economy will grow 3.1% in 2020 and 3.5% in 2021. Meanwhile, the report’s previous 2020 forecast for GDP growth was 3.9%. “The economy recovered ...

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