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Tuesday, September 13 2011 , Your time is 15:58:00
The e-commerce sector in Turkey has strong growth potential and the sector can soar in the upcoming years through a number of key measures, according to research newly prepared by the country’s top business organization along with the Boston Consulting Group and the GittiGidiyor company.
Hepsiburada.com, the largest e-commerce platform in Turkey and the surrounding region, has established a research and development (R&D) center in Istanbul to boost innovative and indigenous solutions.
Global and regional business and policy leaders will come together at the eighth annual Atlantic Council Istanbul Summit on April 27-28 with the aim of developing ideas and action on the issues of energy, the economy and security.
Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator BOTAŞ as the government promotes renewable power and domestic coal use, a study showed on April 24.
Turkey received $457 million in foreign direct investment in February, the Economy Ministry stated in a report on April 24
Western partners of gas giant Gazprom agreed on April 24 to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe.
The eurozone economy grew at its fastest pace in six years in April on the back of strong demand and “widespread optimism” about the outlook, a closely watched survey showed April 21.
The International Monetary Fund will be “mistaken again” in its growth forecasts for Turkey, a top Turkish official has stated, after the IMF recently revised down its growth outlook for the country due to political uncertainty, security concerns and the loss in the lira’s value.
The pace of growth and development in the Turkish economy and its foreign trade implications over the last decade, coupled with the deepening interconnectedness of markets across the globe and the interdependence of national economies
The European Bank for Reconstruction and Development (EBRD), Actera – the leading private equity investor in Turkey – and Esas Holding – a venture capital firm established by the Sabancı family –are acquiring a majority stake in Korozo, the leading Turkish producer of flexible packaging, the EBRD said in a statement on April 25.
Turkey’s main stock exchange Borsa Istanbul is working on new financial instruments that will bring higher yields for lower risks and be based on several unusual products including popular TV series, car manufacturing projects and construction projects, the bourse’s head has said.
The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey’s main stock exchange Borsa Istanbul to buy a stake, the bourse’s chairman told Reuters on April 19, adding that they wanted to complete the negotiations by the end of the year.
Turkey’s benchmark index closed the week with a 384.55-point hike to reach 92,423.93 points on April 21, marking it the second highest close of all time.
Turkey’s Labor and Social Security Ministry has dubbed 2018 as the year “to fight child labor” and prepared an action plan that includes several key measures, from tighter controls in child labor intensive sectors to closer examination to schools’ student attendance records, in a bid to achieve this goal.
The number of registered women wage-earners in Turkey fell by 40,000 in December 2016 compared to the same month of 2015, according to a new report prepared and released by the Economic Policy Research Foundation of Turkey (TEPAV).
The Turkish unemployment rate of 13 percent registered in the December-February period will be a peak and will fall to around 9.5 percent by the end of 2017 and below 8 percent in 2018, Labor Minister Mehmet Müezzinoğlu has claimed.
Turkey started its seismic energy exploration in eastern Mediterranean on April 21 in line with the government’s “National Energy and Mining Policy,” state-run Anadolu Agency has reported.
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
The Gazipaşa-Alanya Airport in the southern province of Antalya has welcomed its first flight arrival from Russia, amid the start of the summer season, the company said in a statement on April 21.
The Turkish government is set to offer $30 in support for each cruise passenger to enliven the sector, Culture and Tourism Minister Nabi Avcı has said.
Turkey’s tourism sector has kept losing its share in Germany, with German tourists opting to visit other countries such as Spain and Greece rather than Turkey, amid security concerns and recent tensions in bilateral ties, said a leading sector association on April 21.