Turkey Financial News

Posted by meb at May 21st, 2008

The 3rd International Iraq Fair, jointly organized by the Iraqi Trade Ministry and Chamber of Industry of Gaziantep (GSO), with the support of Turkey’s Undersecretariat of Foreign Trade and Union of Chambers & Commodity Exchanges of Turkey (TOBB), will open its doors on Thursday.

Numerous businessmen from Europe, Africa, Far East and Middle East is expected to attend the fair that will host 800 companies from 30 countries in Gaziantep province. (more…)

Posted by meb at May 16th, 2008

The third Turkey-Africa Trade Bridge opened this week with a lively celebration and record participation, but it was marked with sadness due to the tragic sudden death of İstanbul Gold Refinery Chairman Ömer Halaç, a 38-year-old Turkish businessman who had just returned from a trip to the Central African Republic.

His family and friends remember him as a young man with great dynamism and the intellectual courage to venture out into the wilderness of Africa to set up a mining operation. He contracted malaria in a remote area 200 kilometers from the capital of Bangui. (more…)

Posted by meb at May 15th, 2008

Istanbul is preparing to host the 64th General Assembly of the International Air Transport Association (IATA).

A press release issued by IATA said the General Assembly would begin with major celebrations.

Stating that financially it had been an important year for the air transportation industry, Concil said overall air carriers globally earned $5.6 billion. (more…)

Posted by meb at May 15th, 2008

The Mediterranean Business Partneria, a business matchmaking event, will take place on May 15-18 at the Antalya Expo Center.

The State Planning Organization (DPT), the Treasury, the Foreign Trade Undersecretariat and the Small and Medium Industry Development Organization (KOSGEB) are expected to participate. The private sector will also have a heavy presence at the meeting, which will host 300 international and 1,000 Turkish small and medium-sized enterprises (SMEs). (more…)

Posted by meb at May 15th, 2008

Witnessing the sight of 3,500 business professionals from Turkey and 45 African countries networking to strike a deal is like watching the National Geographic channel featuring bumblebees that pollinate plants and flowers as they forage for food.

One might sense such a resemblance while observing the third Turkey-Africa Trade Bridge, a gigantic business expo taking place May 13-15 at the İstanbul WOW Convention Center and organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON). Just as it is a welcome sight for gardeners to see bees in flight carrying large loads of pollen into and around their flowerbeds and gardens, TUSKON organizers seem to have been very pleased with the activity on the exhibition floor yesterday. (more…)

Posted by meb at May 14th, 2008

This season’s fairs are on their way to becoming a magnet for end consumers from various sectors, and many companies tend to attract customers by initiating different campaigns for their construction projects.

“We, as CNR Fair Services, have started collaborating with foreigners since the 1980s and believe our firm is experienced enough to overcome high-caliber events. With an innovative vision, we aim to achieve higher success in upcoming fairs which are significant platforms both for consumers and producers,” said Murat Özer, the director of CNR Fair Services. (more…)

Posted by meb at May 14th, 2008

The Third Turkey-Africa Trade Bridge, organized by the Turkish Confederation of Businessmen and Industrialists (TUSKON), was officially opened yesterday by Foreign Trade Minister Kürşad Tüzmen at the İstanbul Wow Hotel.

The record number of participants and high-level representation marked the event as yet another indication of the growth business relations between African countries and Turkey have seen in recent years. “Our goal is to bring the total volume of trade to approximately $20 billion this year,” Tüzmen said, adding, “Our target for 2012 is $50 billion.” (more…)

Posted by meb at May 13th, 2008

Foreigners who invest in industrial plants in Turkey will be able to acquire Turkish citizenship in line with a draft bill that regulates citizenship criteria.

The bill that includes amendments regarding the revocation or acquisition of Turkish citizenship will be discussed in Parliament this week. According to the draft bill prepared on the basis of the Treaty of the European Union, foreigners who establish industrial plants in Turkey as well as those that provide significant contributions to the social, cultural, economical, scientific and technological life of the country will have the right to become Turkish citizens. (more…)