Turkish defense fair sees increased interest from African continent

Posted by meb at April 26th, 2009

Turkey’s four-day 9th International Defense Industry Fair (IDEF’09), due to start tomorrow in İstanbul, will host high-ranking defense officials from about 14 African countries for the first time while the level of participation from Europe at senior levels will be quite low.

However, exhibition booths where advanced arms will be exhibited still belong mostly to European and US arms manufacturers. Defense ministers from 14 African countries, including Ethiopia, Gambia, Tanzania and Uganda, will be present at the fair, while no senior US officials are expected to participate. However, US arms producers, including Lockheed Martin and Boeing, will exhibit their products at the fair. (more…)

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International defense fair to open in Turkey

Posted by meb at April 26th, 2009

An international defense industry fair will open in the Turkish city of İstanbul on Monday.

The International Defense Industry Fair (IDEF’09) will be inaugurated at the TUYAP Fair, Convention and Congress Center in İstanbul.

Leading defense industry firms in Turkey and the world will participate in the fair to stay open till April 30. (more…)

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Shipyard delivers yacht to Saudi prince

Posted by meb at April 26th, 2009

The Nourah of Riyadh, the megayacht produced in the Kocaeli Free Zone, was delivered to its owners with a ceremony Friday. The yacht, which cost 40 million euros, will be used by Saudi Prince Mohammad Bin Abdulaziz.

Speaking at the ceremony at the free zone, State Minister Kürşad Tüzmen said Turkey has become the third in yacht production, while standing at No. 7 in shipbuilding.

The 65-meter-long yacht is the biggest megayacht produced in Turkey. “We like to break records,” Tüzmen said. “With a new record, we will build a 75-meter-long yacht here next time.” (more…)

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Babylon opens office in Turkey

Posted by meb at April 26th, 2009

An Israeli company offering dictionaries and institutional software solutions online has opened an office in Turkey, and has signed a distribution agreement with Turkish firm Medyasoft.

Babylon offers online and electronic dictionaries in 74 languages. It is also known for its “Enterprise” solution, which facilitates data management.

The company already has 3 million Turkish users, despite having no office in Turkey until now, said Alon Carmeli, chief executive of Babylon. “We see important potential here and wish to enhance our presence,” Carmeli said. “We will strengthen our online activity with Medyasoft.” (more…)

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Jobless figure in textile rising

Posted by meb at April 14th, 2009

Within the past eight months more than 160,000 people employed by the ready-wear and textile industry have lost their jobs, according to the president of the Istanbul Ready-Wear and Apparel Exporters’ Association, or IHKİB.

He also suggested some measures that might bring back the previous employment figures.

No measures have been taken to provide specific support for Turkey’s textile industry, according to IHKİB’s Hikmet Tanrıverdi. “Support related to apparel manufacturing exporters was not a part of any measures packages announced,” he said about the government’s stimulus packages. The number of employees covered by insurance in the ready-to-wear and textile-manufacturing industry was 862,978 in May 2008. That figure dropped by 158,088 to 704,890 in January of this year, Tanrıverdi said (more…)

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Tourist hubs see boost in residential sales following government tax incentive

Posted by meb at April 14th, 2009

A reduction of the value-added tax (KDV) in the real estate sector, part of government’s efforts to fend off the ongoing global financial crisis, has led to an increase in the sale of residences in Turkey’s prominent tourism destinations.

After experiencing a 70 percent contraction in sales amid global financial turmoil, real estate agents in Alanya and Bodrum said sales had increased by 40 percent in just the last few weeks compared to the period prior to the KDV cut. Upon hearing of the tax break, parties interested in buying property here came from Norway, Denmark, Germany, the Netherlands and Ireland. (more…)

Posted in Laws & Regulations, Real Estate, Tourism & Travel| No Comments | 

Obama due to arrive in Ankara for symbolic two-day Turkey visit

Posted by meb at April 5th, 2009

U.S. President Barack Obama’s symbolic two-day visit to Turkey, during which detailed talks on various issues concerning both countries and the region, will start on Sunday. Protests against Obama’s visit were held in the capital, Ankara and in Istanbul, just hours ahead of his arrival.

Obama is due to land in Turkey’s capital city of Ankara approximately at 9:30 p.m. (1830 GMT), where he is scheduled to address parliament and visit the mausoleum of the founder of modern Turkey, Mustafa Kemal Ataturk, on Monday.

After giving an address in parliament on Monday afternoon, Obama will fly to Istanbul, Turkey’s largest city, where he will attend a meeting Tuesday of the Alliance of Civilizations, a forum sponsored by Turkey and Spain to promote understanding between the Western and Islamic worlds.

Obama will also tour Haghia Sofia, which once was a Byzantine church, and the Blue Mosque in Istanbul’s historical Sultanahmet district.

The visit, Obama’s first to a Muslim country, is seen as symbolic in terms of unity and strategy, as the new administration tries to improve the U.S.’ tarnished image abroad. One of the main reasons for Obama’s surprisingly early visit is to win back the hearts and minds of ordinary citizens of Turkey – one of the countries where public opinion about America has reached record low levels.

Security boosted

Turkey has launched an extensive security operation to make sure that Obama’s first visit Turkey passes without a hitch. Military jets and police helicopters will patrol a no-fly zone over the skies of the capital Ankara when Obama arrives, AP reported citing an official.

Hours before his arrival, security officials closed off traffic at a street leading to his hotel. Police, some with sniffer dogs, are setting up barricades around the building.

According to local media, police snipers, riot police and anti-terrorism agents will be deployed. Istanbul’s governor also has said some roads, pedestrian walkways and tram routes will be closed when Obama visits the city on Monday and Tuesday. Around 8,800 policemen will be on duty.

Obama protests

Hours before his arrival, several dozen people were protesting against Obama’s visit in Ankara and Istanbul.

In a main square in Istanbul, members of a leftist group shouted “Obama, go home” and waved Turkish flags. Police did not intervene.

Protester Abdullah Turker said he did not want Washington to use Turkey as a corridor for the American withdrawal from Iraq. He said he feared the U.S. would encourage separatism by urging Turkey to make concessions to its Kurdish citizens.

Meanwhile dozens of members of an Islamic group gathered in Ankara, protesting the U.S.’s position regarding Israeli attacks on the Gaza Strip.

Trade relations

The visit is expected to bring momentum to Turkey-U.S. political, economic and cultural relations. According to figures from the Turkish Statistic Institute, or TURSTAT, foreign trade volume between Turkey and the U.S. is around $16 billion annually.

Turkey is the 8th country which the U.S. makes the most exports, while on the fourth place in import, the figures also show.

Turkey’s export rate to the U.S. was $4.3 billion, while imports reached $12 billion in 2008.

Turkey mostly exports ready-made clothes, textile products, machines, electrical and mechanical tools, jewelry, iron and steel products, vehicles, food products, tobacco and copper products to the United States.

Direct foreign investment from the United States to Turkey is also increasing as the total investment amount of 733 U.S.-capital companies operating in the country increased from $848 million in 2006 to $4.2 billion in 2007.
source: Hurriyet daily news

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Questions over trade report’s implications for Obama visit

Posted by meb at April 5th, 2009

The top of the agenda of US President Barack Obama’s visit to Turkey, which starts today, is unlikely to include issues other than geopolitics, national security and mending weathered fences with Ankara.

But the release of a report that went little noticed in the Turkish press will likely exercise considerable sway in backroom negotiations on economic matters between lower-level officials and could influence any possible broad trade policies that Obama leaves on the table for later negotiators to pick at. (more…)

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