Turkey Financial News

Posted by meb at June 20th, 2008

The Oxford Business Group will hold its 16th Business Roundtable with the Turkish government on June 25, 2008, at the Hyatt Hotel in İstanbul.

The meeting will bring government leaders and corporate decision makers together to discuss economic opportunities in Turkey. Organizers said Prime Minister Recep Tayyip Erdoğan would be participating in the event, along with State Minister for the Treasury Mehmet Şimşek and Foreign Minister Ali Babacan. (more…)

Posted by meb at June 17th, 2008

A record number of high-level bureaucrats, government ministers and businessmen from Turkey and Asia-Pacific countries will gather today to celebrate the official opening of the Turkey-Asia Pacific Foreign Trade Bridge 2 at İstanbul’s WOW Convention Center.

Organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON) and supported by Turkey’s Foreign Trade Undersecretariat and Ministry of Foreign Affairs, the summit will mark the occasion of growing business relations between Asian countries and Turkey in recent years. (more…)

Posted by meb at June 5th, 2008

The top managers of 18 multinational companies, steering combined wealth of over $750 billion, are coming together in İstanbul on June 18 to participate in a meeting of the Investment Consulting Council. Prime Minister Recep Tayyip Erdoğan will preside over the meeting.

The First Deputy Managing Director of the International Monetary Fund (IMF) John Lipsky and the World Bank Vice President and Treasurer Graeme Wheeler are also expected to attend. In a written statement yesterday, the Treasury Undersecretary said the council had gathered four times since it was spearheaded by the Turkish government in 2004. (more…)

Posted by meb at May 26th, 2008

Turkey’s impressive cultural and architectural heritage deserve preserving as developers turn a covetous eye to its coast, a world-renowned architect warned at a real estate symposium held Saturday in Bodrum.

“What differentiates architecture from construction is delight, which ensures sustainability,” said acclaimed architect and New York University professor Richard England, whose works may be found as far afield as Kazakhstan and Malta. “Architecture should create places for the soul, not just the body. An important element of this architecture is to create something with, and in which we can put, a bit of love.” (more…)

Posted by meb at May 26th, 2008

The third “Iraq International Fair,” held in the southeastern city of Gaziantep, was deemed satisfactory by Turkish companies.

The fair, attended by more than 600 companies from 30 countries, has resulted in new sales and export opportunities. Many Turkish firms have secured new deals, while some decided to expand into international markets, thanks to the fair. (more…)

Posted by meb at May 23rd, 2008

Iraq aims to increase the annual trade volume between itself and Turkey to $5 billion from the current level of $3 billion, the Iraqi trade minister has stated.

Iraq Trade Minister Abd al-Falah al-Sudani and a delegation of chamber of commerce leaders arrived yesterday in the southeastern industrial city of Gaziantep to participate in the third Iraq International Fair, which was organized by the Gaziantep Chamber of Industry (GSO) and the Iraq Ministry of Trade and which begins today. (more…)

Posted by meb at May 23rd, 2008

Turkish Union of Chambers and Commodity Exchanges (TOBB) President Rifat Hisarcıklıoğlu has said TOBB expects to see more cooperation with Austrian-based firms and more Austrian investment in Turkey.

The Turkish-Austrian Economic Forum, organized by the Turkish-Austrian Business Council, which operates under the Foreign Economic Relations Board (DEİK), was held in İstanbul yesterday. Speaking at the forum Hisarcıklıoğlu said foreign investments were important for Turkey’s development and that more than $50 billion in foreign direct investment (FDI) had come into Turkey over the last three years as a result of reforms improving the business and investment environment. (more…)

Posted by meb at May 22nd, 2008

EVTEKS 2008, the 14th Istanbul Home Textiles Exhibition, got underway in Istanbul’s CNR Expo Center yesterday.

The fair will run through May 25. EVTEKS 2008 is the second-largest home textiles exhibition in the world, which is expected to host 85,000 visitors this year. The fair consists of 740 exhibitors, 125 of which have arrived from overseas, including Canada, Germany, Norway, the United Kingdom, Greece, France, Spain, Belgium, Italy, Australia, Japan, Ireland, the Netherlands and Mexico. The exhibition functions as a networking platform for Turkish and international home textile firms looking for new business partners. At present Turkish home textile firms manufacture some 10 percent of the world’s home textile production. (more…)