Turkey Financial News

Posted by meb at January 28th, 2007

DEMET CENGİZ BİLGİN
ISTANBUL – Hürriyet
The Sabancı family has entered the construction and real estate industry, which has been very popular among the larger groups of Turkey. The Demsa Group, founded by Haci Omer Sabancı’s daughter Demet Sabancı and husband Cengiz Cetindogan in 2000, made a name for itself by importing brand name clothing to Turkey and have now embarked on a luxury villa project. Fifteen villas, each with (more…)

Posted by meb at January 28th, 2007

Four villages in Buca, Izmir have joined forces for farming the land organically. Their land is the biggest area in Turkey especially allocated for organic farming

METE TAMER OMUR
IZMIR – Referans

These days villagers in Izmir’s Buca District are feeling pretty positive about the future because they are ready to expand recent organic farming projects, which have shown tremendous promise so far, in order to secure the community’s livelihood for the future.

Their land is part of the environmentally protected Tahtalı Dam basin. All chemicals and fertilizers are banned from use on the protected land, leaving  (more…)

Posted by meb at January 27th, 2007

İstanbul-based cargo operator, MNG Airlines, has signed a Memorandum of Understanding for two A330-200F aircraft plus one option, becoming another launch customer for the new Airbus freighter.
Established in 1996, MNG Airlines initially provided scheduled cargo services in November 1997 to Hahn (Germany) and Stansted (UK) with a mid-range Airbus A300F.
Today, MNG Airlines operates ten Airbus A300B4-200s  (more…)

Posted by meb at January 27th, 2007

Seventy-three letters of intent (LoIs) worth an estimated $38 million were signed between Turkish and Bahraini companies at the second Bahraini-Turkish Entrepreneurs Investment Forum, it was revealed yesterday.
Twenty-seven Turkish companies and 80 Bahraini entrepreneurs conducted 205 one-to-one business meetings at the event, which held at  (more…)

Posted by meb at January 27th, 2007

source: EkoTürk News Agency / Istanbul

Croatian Economy, Labor, & Entrepreneurship Minister Branko Vukelic said they target a trade volume of 1 billion USD with Turkey. Attending a meeting hosted by the Foreign Economic Relations Board (DEİK) in İstanbul yesterday, Vukelic reminded that trade volume between Turkey and Croatia is about 330 million USD.

“This figure does not reflect the potential. We are here to  (more…)

Posted by meb at January 27th, 2007

“Turkey is a success story of World Bank,” said Paul Wolfowitz, the bank’s president.
Wolfowitz noted that there has been a great transformation in Turkey in recent years, stressing that the country achieved significant successes and fulfilled important reforms.
Wolfowitz underlined that Turkey that successfully implemented programs of World Bank, stating that Turkey also assured a great economic growth. Recalling that he would travel to Turkey tomorrow, Wolfowitz said that  (more…)

Posted by meb at January 27th, 2007

Cash transactions at customs offices will cease with the new Güm-Kart — short for the customs card — said Foreign Trade Minister Kürşad Tüzmen. “Everyone will use their cards; procedures will be faster and registered. Misuses of cash payments in customs offices will end,” Tüzmen emphasized. Several government bodies will take part in the transition process to an e-Government system. The minister mentioned that 113 customs offices have begun services online, and importers  (more…)