CAN FOREIGNERS OPEN A NEW COMPANY IN TURKEY?
Within the scope of the Law No. 4875 on “Foreign Direct Investments”, foreign investors have been provided with the same rights as local investors in line with the principle of equal treatment. According to this law, foreign investors can establish all types of companies included in the Turkish Commercial Code, like Turkish investors. There is […]
EBRD MADE ITS BIGGEST INVESTMENT TO TURKEY IN 2020
The European Bank for Reconstruction and Development (EBRD) announced a record investment of 5.1 billion euros ($ 5.9 billion) in the first half of 2020 to support economies affected by the coronavirus outbreak. Turkey EBRD’s total investment in the first half of 2020 one in five, or nearly 1 billion euros, while Egypt was the […]
TURKEY’S UNEMPLOYMENT DURING PANDEMIA REPORT
Like 80 million unemployed in the world, Turkey paints an optimistic picture of employment in the four-month period that exceeds 40 million coronavirus outbreak in the United States. In the April period, which includes the months of March – April – May, the number of unemployed decreased by 427 thousand to 3.77 million. The unemployment […]
NEW OPPORTUNITIES ARISE FOR TURKISH FIRMS AFTER CORONA CRISIS
With the new type of coronavirus (Covid-19) epidemic, global trade is being discussed again through concepts such as supply chain, strategic products, security, trust, joint action, logistics, the experts note that Turkey will be in an advantageous position according to many factors like its geographical location, logistics networks, disruptions in the supply chain, emergency response […]
THE NORMALISATION IN THE TURKISH ECONOMY WILL BE FAST
Turkey Chambers and Stock Exchanges Union (TOBB) President Rifat Hisarcıklıoğlu, noting that it is began to be spoken the normalization in economy thanks to the measures and support implemented “We are ready to reboot and spin the wheels of Economics movement. “ he said. TOBB Economy Meeting, which was held with the participation of 365 […]
GARMENT IMPORTERS SEEKING ALTERNATIVE ROUTES TO CHINA TURNED THEIR DIRECTION TOWARDS TURKEY
Mamas Lina Founder Barman, Turkey said it would be looking for an alternative to the address of garment importers due to coronavirus, “We are currently exported mainly to Europe and the Middle East, including the Gulf countries all textile products from Turkey to take the race,” he said. Turkey realized last year to 17 billion […]
THE SITUATION IN CHINA OPENS NEW OPPORTUNITIES TO TURKEY’S INDUSTRY
According to Turkish Enterprise and Business Confederation (TÜRKONFED) Chairman Tarkan Kadooğlu, economic crisis in China could make Turkey the production base and the new address for the investors who is going to leave these countries will be Turkey. Stating that the economic growth has lost momentum in recent years in China, the expansion of the […]
LEATHER SECTOR EXPORT OPPORTUNITY TO SOUTH KOREA
Erkan Zandar, Chairman of the Board of Aegean Leather and Leather Products Exporters Association, said that the first goal in the export of leather products to the Far East market is to increase the export of fur and leather garments to South Korea. Zandar, said that, Turkey who has one of the leading capacities in […]
BREXIT EFFECTS ON TURKISH ECONOMY
Brexit will effect many sectors in the UK market. One of them is the botanics. Dutch producers who meet 80 percent of the needs of flower of England are worried about Brexit. Dutch flower producers, especially the producers of tulips warned the officials about the problems and delays in the border in the case of […]
TURKEY-UKRAINE ENERGY SECTOR PARTNERSHIP
Şevki Acuner, Chairman of the Board of Directors of Ukrenergo, the Ukrainian state energy transmission company, stated that Turkish companies would be successful if they enter the energy market in Ukraine, and said ” Turkish companies can take a huge share from the tenders to be made by Ukrenergo, which will realize $ 3 billion […]