ECONOMY

Countries need to bolster their game to attract FDI

The President of the Investment Office of the Presidency of Turkey Burak Daglıoglu called on countries to strengthen their efforts to attract foreign direct investment (FDI) amid the rise of globalization and technology. In an op-ed piece penned for the World Economic Forum, Daglıoglu said entrepreneurship has expanded thanks to more opportunities and innovative projects, which have an impact on ...

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Freight handled at ports rose nearly 7 pct in first half

Total volume of freight handled at Turkey’s  ports  increased by 6.6 percent in the first half of the year from a year ago to 273.5 million tons, Transport Minister Adil Karaismailoğlu has said. In June alone, ports handled 45.3 million tons of goods, marking a 3.7 percent increase from the same month of 2021, the minister said in a written ...

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What’s next for the euro after slump against dollar?

The euro’s plunge against the dollar, triggered by the Ukraine war and mounting recession fears in Europe, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 – a level not seen since the end of 2002, the year it was officially introduced. The tumble puts it on course ...

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Inflation top priority as Turkey unveils new steps to shore up economy

Turkey announced several new measures to support the economy, with authorities saying reining in inflation remained the top priority, in addition to encouraging savings and bolstering the Turkish lira. The Treasury and Finance Ministry said it will issue domestic bonds indexed to the revenues of state enterprises to encourage lira asset savings, the central bank raised the required reserves ratio ...

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Current account gap at $6.47B in May, less than expected

Turkey’s current account balance registered a lower than expected deficit in May, official data showed. The shortfall widened to around $6.47 billion (TL 112.07 billion) in May, the Central Bank of the Republic of Turkey (CBRT) said. It marked a $3.15 billion increase from a year ago and came in less than forecasts that hovered around $6.7 billion. The rise ...

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What’s next for the euro after slump against dollar?

The euro’s plunge against the dollar, triggered by the Ukraine war and mounting recession fears in Europe, has driven the two currencies to parity for the first time in two decades. The European single currency sank to $0.9952 – a level not seen since the end of 2002, the year it was officially introduced. The tumble puts it on course ...

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“Bloocell technology will be the first Unicorn company in the field of healthcare in our country”

Blocell, which produces high-standard equipment and automation systems to meet the quality requirements of the pharmaceutical industries and received awards from 4 different international organizations, continues to make a difference in its field. Mustafa Cüneyt Çıkman, Chief Executive Officer, Bloocell Technology, shared the origin story and goals of the company with our readers…   Could you inform us about yourself ...

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“350 milyar dolar ihracat hedefliyoruz”

13 Haziran’da yapılacak Türkiye İhracatçılar Meclisi Genel Kurulu’na tek başkan adayı olarak girmesi beklenen İstanbul Hazırgiyim ve Konfeksiyon İhracatçıları Birliği Başkanı Mustafa Gültepe Ege İhracatçı Birlikleri’ni ziyaret etti.     Türkiye’de sayıları 103 bine ulaşan ihracatçıların çatı kuruluşu Türkiye İhracatçılar Meclisi’ni 4 yıl süreyle yönetecek TİM Başkanı ve Yönetim Kurulu ve TİM Sektörler Konseyi üyelikleri için 451 TİM Delegesi, 13 ...

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EVSID brings 100 buyers from 60 countries to Istanbul

Turkish Houseware And Kitchenware Manufacturers and Exporters Association (EVSID) will bring together 100 buyers from 60 countries in Istanbul as part of the ‘Turkish Housewares by Invitation Only’ event between June 1 and 4. The target is to increase the unit value in exports. The countdown has begun for the “Turkish Housewares by Invitation Only” event, which has become a ...

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Turkish cosmetics and cleaning industry increased its exports to Italy by 26.48 percent

The Turkish national participation organization of the Cosmoprof Worldwide Bologna 2022 fair, which is among the most important fairs of the cosmetics industry, was held for the 13th time this year by the Istanbul Chemicals and Products Exporters’ Association (IKMIB). The cosmetics and cleaning industry, which made a total of $ 1.87 billion in exports last year, increased its exports ...

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