by admin | May 25, 2021 | Business, Emerging Businesses, SMEs, World
By Muhittin Sandikci,
Rize, Turkey: Turkey’s General Directorate of Tea Enterprises (Caykur) exported tea to 110 countries by the end of 2017, according to Caykur Chairman Imdat Sutluoglu on Saturday.
Speaking at a news conference in the Black Sea province of Rize, he said: “We are trying to increase our exports and enter new markets.”
He said Caykur was involved in 38 European, 37 African, 15 Asian, 14 Middle Eastern and six American countries.
Caykur’s tea exports include processed tea and iced tea named Didi.
He said Caykur would begin to export tea to Iraq starting from next week.
Caykur, established in 1983, is a state-owned enterprise; its products of processed teas include white, green, black, organic, leaf and iced tea. It employees more than 10,600 people in its 56 factories.
—AA
by admin | May 25, 2021 | Business Summit, Corporate, Corporate Buzz, Events, Muslim World
By Ali Kemal Akan,
Ankara: Turkey with its unique nature, rich history and cultural texture will be promoted in 100 international tourism fairs on seven continents this year, said the Turkish Culture and Tourism Ministry on Friday.
Along with attending the most visited global tourism fairs such as ITB Berlin, WTM London, Arabian Travel Market, MITT Moscow, Turkey will be the honored guest of Oneworld Travel Market in India and SATTE New Delhi in 2018, said a statement from the ministry.
Turkey will spotlight one of its provinces, Kastamonu, which was selected as the Cultural Capitals of the Turkic World for 2018 in December, and the ancient city of Troy during the events, according to the statement.
Kastamonu is a Turkish province located in the country’s northern part, near the Black Sea.
Meanwhile, Turkey’s stand was recently designated best stand in the countries category by the Trade Fair Institution of Madrid (IFEMA) during the International Tourism Trade Fair FITUR 2018 recently, said the statement.
—IANS
by admin | May 25, 2021 | Investing, Muslim World
By Muhammed Ali Gurtas,
Ankara: Turkey’s external assets increased by 7.1 percent as of November last year to stand at $230.9 billion compared to the end of 2016, the Central Bank of the Republic of Turkey (CBRT) reported on Friday.
Over the eleven-month period in 2017, the country’s liabilities against non-residents rose by 11.2 percent to reach $643.5 billion, the CBRT said.
The net international investment position (NIIP) — the gap between Turkey’s assets abroad and liabilities — amounted to minus $412.6 billion in November last year while it was minus $363.2 billion at the end of 2016.
NIIP is the value of overseas assets owned by a nation, minus the value of domestic assets owned by foreigners, including overseas assets and liabilities held by a nation’s government, the private sector and its citizens.
Reserve assets, a sub-item under assets, were $114.9 billion at the end of November marking a 8.1 percent hike compared to the end of 2016, while other investments were recorded at $73 billion, rising 6.6 percent in the same period.
The CBRT noted that currency and bank deposits, one of the sub-items of other investments, increased by 3.3 percent to 30.9 billion compared to the end of 2016.
On the liabilities side, direct investment — equity capital plus other capital — at the end of November recorded $158.3 billion, indicating a 11.8 percent increase compared to the end of 2016 “with the contribution of the changes in the market value and foreign exchange rates,” the CBRT reported.
The average USD/TRY rate was 3.65 last year while one dollar was exchanged for 3.03 Turkish liras on average in 2016.
Total external loan stock of the banks was $90.7 billion as of November last year, up 3.5 percent from the amount at the end of 2016, “as total external loan stock of the other sectors recorded $110 billion increasing by 9.4 percent,” the Central Bank added.
—AA
by admin | May 25, 2021 | World
Vladimir Putin
Moscow : The recent attempted attacks by drones on Russian military bases in Syria was a provocation aimed at destroying previous agreements and damaging relations between Russia, Turkey and Iran, Russian President Vladimir Putin has said.
“We know who they are, who paid who for this provocation and what the actual sum was…This kind of incidents… are provocations aimed at destroying previous agreements,” Putin said on Thursday at a meeting with heads of Russian print media and news agencies, Xinhua reported.
On Saturday, terrorists attempted to attack Russia’s Hmeymim and Tartus military bases in Syria with 13 drones, which were either captured or destroyed by Russian servicemen.
The drone attack was also conducted with the purpose of undermining Russia’s relations with Turkey and Iran, which are all guarantor states of the Syrian ceasefire regime, Putin said.
He stressed that the Turks, who control the Syrian province of Idlib where the drones had been sent, were not involved in the attack.
According to the President, the drones were disguised as improvised devices while in fact involving high-tech elements.
“As for these attacks, they were undoubtedly well prepared. We know when and where these aerial vehicles were handed over (to the terrorists) and how many of them there were. These aerial vehicles were made to look like homemade. But it is absolutely obvious that some high-tech equipment was used,” Putin said.
Moscow has taken additional measures to ensure the security of its military facilities in Syria, Putin added.
Earlier in the day, the General Staff of the Russian Armed Forces released the results of the assessment of the captured drones in the attack, saying the development and use of the drones required assembly schemes and necessary components previously tested for numerous times and involved “specialists who have received special training in countries producing and using systems with unmanned aerial vehicles.”
—IANS
by admin | May 25, 2021 | World
Omer Torlak, the head of Turkey’s Competition Authority, speaks at a news meeting in Ankara, Turkey on Jan. 5, 2018
By Mehtap Yilmaz and Deniz Cicek Palabiyik,
Ankara : The interest of foreign investors regarding mergers, take overs and joint ventures in Turkey saw upward trend in 2017, the head of Turkey’s Competition Authority said on Friday.
“Ongoing interest of foreign capital in Turkey shows that they trust in the country’s economy,” Omer Torlak said at a news meeting.
Turkey’s Competition Authority analyzed 184 transactions last year and in 137 transactions at least one of the parties was foreigner.
He added that they project foreigners’ interest in the country to continue in 2018 when mergers and take over applications along with Turkey’s third quarter growth rate of 11.1 percent will be considered.
Foreigners preferred to operate especially in wholesale and retail trade, fuel dispensing and other storage logistic activities through take over, Torlak said.
“There are applications from the Netherlands, Luxembourg, Japan, the U.S., Germany, Austria, the UAE, France, Belgium, the United Kingdom and the Philippines,” he said.
—AA
