Turkey Financial News

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…)

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…)