Stating that a flexible, modular curriculum will be prepared, the Ministry of Education Minister Ziya Selcuk said, “We partially increase the authority and responsibilities of school administrators. In the coming period, we will share a nationwide perspective on all managers to be based on competence and merit,” he said. President Erdoğan who also made a
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November 20, 2018
November 15, 2018
Turkey’s High Performance in ‘Ease of Doing Business Index’
International Investors Association (YASED) President Ahmet Erdem stated, “Turkey’s’ World Bank Ease of Doing Business Index of the previous year by 17 places to rise, an indication of the very significant improvements that come with these criteria in our country and successfully is a result of reforms implemented”. The World Bank has published the “Ease
November 6, 2018
HIGHLIGHTS ON UNEMPLOYMENT, INFLATION AND INVESTMENTS IN TURKISH ECONOMY
Treasury and Finance Minister Berat Albayrak announced the New Economy Program at the Presidency Dolmabahçe Labor Office, which will cover the years 2019-2021. According to Albayrak, “the current account deficit will drop to 2.6 percent. employment is another of our key areas. The unemployment rate will be reduced to 10.8 percent by 2020. 2021 In
October 20, 2018
TURKEY’S NEW ECONOMY PROGRAM FOR 2019-2021
New Economy Program which will form the road map of Turkey’s economy till 2021 was announced. Treasury and Finance Minister Albayrak announced that 2019 growth forecast is 2.3 percent, and the inflation target is 15.9 percent. Unemployment is expected to be 10.8 percent at the end of 2021. Medium Term Program is prepared under the
October 8, 2018
‘DOMESTIC PRODUCTION’ LOGO IS ON DUTY !
The Ministry of Commerce has taken the first step to distinguish the domestic goods with a new “made in Turkey” label. By the regulation on the amendment of the price tag regulation, new shapes, logos and/or the sign determined by the ministry for the products produced in Turkey will be possible to use. According to
October 2, 2018
TURKISH AIRLINES FLYING ALL AROUND THE WORLD
THY reached its record in number of passangers in its history and doubled its profit. In the first half of 2018, the institution carrying over 35 million passengers reached a total profit of $ 258 million. Turkish Airlines increased its flight connections to 304 and its occupancy rate in July was 85%. It aims to
September 26, 2018
THE GROWTH OF THE CIVIL AVIATION IN TURKEY
Turkish civil aviation has reached a new record with five aviation enterprises located within the top 10 exporters of services. According to a report released by Turkey Exporters Assembly (TIM), aviation businesses rose to first place in the export services list. According to TİM’s 2017 figures, THY ranked first, and Pegasus, SunExpress, TAV Airports, and
September 26, 2018
TURKISH COMPANIES’ SUCCESS IN RUSSIA
Russia is one of the countries where the Turks have invested the most excluding the European countries where there are vast Turkish origin population, like Germany and France. Among these investors, there are well known enterprises such as Koç, ENKA, Anadolu and Şişecam, as well as Turkish investors born and raised in Russia. Turkish companies
September 14, 2018
TURKEY’S EXPORT-IMPORT ANALYSIS
The trade volume and the exchange in the export- import figures of Turkey and its trade partnership countries have been very positive in the last few years. Exports Germany ranked top 1 in Turkey’s export countries list with 15.1 billion USD in 2017. Exports reached $ 12.9 billion in 2008 with this country, which makes
August 15, 2018
DEVELOPMENTS OF AEROSPACE SECTOR IN TURKEY
The countdown has begun for Turkey Space Agency included within the 100 Day Action Plan announced by President Recep Tayyip Erdogan. Industry and Technology Minister Mustafa Varank said, the agency that oversees Turkey’s national interests, to ensure coordination in the field of space inustries devlopment. He continued that Turkish Space Agency, in the field of
August 8, 2018
BEST INVESMENT AREAS IN TURKEY IN 2018
Let’s have a close look to the best investment areas in Turkey according to the 2018 investment conditions. Right now the most interesting investment sectors are in Turkey are construction, clothing, food and tourism. Construction sector is growing every year 1,5-2% above the Turkish GDP growth. The size of the investment have no much importance
July 24, 2018
BUSINESS WORLD’S OPINION ON THE NEW CABINET
Business representatives are hopeful that the problems and bureaucratic obstacles will be swiftly overrun by stating that the new cabinet’s economic administration has emerged from within them. It was noted that the assignments made about the economy gave confidence. After the announcement of the new cabinet, the eyes turned to economy management. The Decree Law
July 19, 2018
SME SUPPORTS FROM TURKISH GOVERNMENT
KOSGEB, the Presidency of the Administration for the Development and Support of Small and Medium Size Companies, is carrying its activities under the Ministry of Science, Industry and Technology, established in 1990. The aim is to increase the impact of small and medium-sized enterprises and the share of industry in order to meet social needs
June 28, 2018
TURKEY’S TOURISM TRENDS 2018
Limited & focus service: Hotels providing service as ‘Guest-oriented’ start to increase its number in Turkey. It seems that the hotels will be also cost-oriented now. There is no minibar in the room, no minibar personnel. There’s no doorman and no bellboy. We will find many new services, such as ready-made tea coffee machines in