According to data from the Turkish Statistical Institute, Turkey’s gross domestic product (GDP) grew 4.5 percent in the first quarter of the year. The value of the first quarter GDP was 176 billion 146 million at current prices in US dollars. Consumer spending by credit card can be tracked weekly, decreased by 36.6 percent compared
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trade
April 10, 2020
HOW WILL CORONAVIRUS AFFECT THE ECONOMY AFTER THE HEALTH EMERGENCY IS OVER
After predicting the corona virus epidemic that swept the world, the digital currencies will come to life and new business areas will be created. Levent Sümer spoke about how the country’s economies will be affected after the virus. Sumer said, ‘Nothing will be the same as before after corona virus. Perhaps this transformation will be
March 13, 2020
THE TRADE OF CERAMIC PRODUCTS APPROACHED 7 BILLION DOLLARS IN 5 YEARS
Turkey’s trade volume of ceramic products found 6 billion 833 million dollars over 5 years. According to information compiled from Turkey Statistical Institute data, traces of Anatolia’s cultural heritage which hosts the Turkish ceramics products are exported to about 170 countries, Azerbaijan, USA, Germany, Morocco, Senegal and Mexico among them. Turkey’s ceramic products exports increased
February 28, 2020
TURKISH EXPORTS IN AUTOMOTIVE INDUSTRY INCREASE
According to a written statement made by Uludag Automotive Industry Exporters’ Union (OIB), based on data from Turkey Exporters Assembly (TIM), last year, Ford Automotive ranked at the peak of the total 30.6 billion dollars exports made by automotive companies. In the list of companies that export the most in automotive, the second was Toyota
December 12, 2019
THE SHINING SECTOR OF TURKISH JEWELERY
According to the statement made by Jewelers Exporters’ Union, in October 267 million 293 thousand 310 dollars in jewelry exports realized, in the first 10 months of the year 3 billion 488 million dollars was signed exports. The Jewelers Exporters’ Union realized the most exports to the EU with 113 million 989 thousand 170 dollars
December 12, 2019
TURKISH CEMENT SECTOR SUCCESS
The Turkish cement sector, which ranks first in Europe and fourth in the world, aims to double its exports this year. The cement sector, which exports to approximately 100 countries, including the USA, Ghana and Israel, generated 9.1 million tons of exports and generated revenues of $ 417 million in the January-August period of 2018.
December 12, 2019
TURKISH AEROSPACE SECTOR 2019 DEVELOPMENTS
Hüseyin Keskin, General Manager of State Airports Authority, shared the statistics of the aircraft, passengers and freight for the first eight months of 2019 from his Twitter account. Keskin, mentioning that Turkey has gained worldwide success in aviation sector with its innovations and said “The last 10 years of our country, where nearly three-fold increase
October 10, 2019
TURKEY GERMAN INVESTMENT RELATIONS
The German automotive giant Volkswagen founded Volkswagen Turkey Automotive Industry and Trade Inc. based in Manisa. The capital of the company was determined as 943.5 million pounds. Volkswagen is expected to decide whether to invest in Turkey, Manisa, Turkey established based unit. According to the information in the Trade Registry Gazette, the company’s name was
October 3, 2019
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
October 3, 2019
TURKISH MACHINERY SECTOR INCREASED ITS EXPORTS
According to a statement from the Association of Exporters of machines, machine industry, Turkey’s largest export market ,Germany, despite the slowdown which intensified in Germany’s industrial production, increased total exports 4.4 percent in the first quarter of the year. The machinery sector, which signed $ 1.6 billion in exports in March, carried its exports to
September 12, 2019
TURKEY GLASS AND GLASSWARE SECTOR
According to the information compiled from Turkey Statistical Institute (TSI), Turkey made a big step on export in glass and glassware. Turkey earned $ 40 million in revenue more this year comparing to the January-June period last year from exports of glass and glassware. Glass and glassware imports decreased by 27 percent in the first
September 12, 2019
NEW DIRECT FLIGHTS BETWEEN TURKEY AND MEXICO WILL BOOST T BILATERAL ECONOMIC RELATIONS
Advancing with sure steps towards becoming a global brand company in aviation, Turkey’s flag carrier Turkish Airlines (THY), has done “the longest flight” from Istanbul to Mexico City with a time of 15 hours and 15 minutes. THY launched flights to Mexico City and Cancun, the 18th and 19th flight destinations in the Americas, will
August 9, 2019
AMAZON’S EYE ON TURKEY
Although Amazon is an American-based company, it is one of the few e-commerce sites in the world where everyone can trade and shop. Amazon.com had made Turkey the latest entry into the market. Let’s look closely to the success statistics of Amazon in global market and Turkish market. Amazon’s net profit in 2018 was $
July 31, 2019
TURKISH COMPANIES IN UKRAINE
There are around 600 Turkish companies in Ukraine. They mainly operate in clothing retail, telecommunications, aviation, logistics, construction, wood products and food. However, in contrast to our investments in some other countries, Turkish companies are not clustered in only a few sectors and they exist in different sectors such as machinery, health, energy and cosmetics