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Kraft Heinz agrees to purchase Assan Foods

Kraft Heinz agrees to purchase Assan Foods

The U.S.-based food and beverage company Kraft Heinz has reached an agreement to purchase Assan Foods from privately held conglomerate Kibar Holding in a deal that values the enterprise at approximately USD 100m, according to a statement from Kraft Heinz. The deal is subject to customary closing conditions including merger control approval, and is expected...

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What matters this morning

What matters this morning

The National Defense Minister Hulusi Akar discussed bilateral security and regional issues with the U.S. Secretary of Defense Lloyd James Austin over the phone. During the conversations Akar and Austin had ‘a positive exchange of views’ on regional matters and bilateral defense and security issues before the upcoming NATO Summit, the National Defense Ministry said...

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Coskunoz Holding to manufacture parts of Russia’s first luxury car

Coskunoz Holding to manufacture parts of Russia’s first luxury car

Started mass production at the Alabuga Special Economic Zone in Tatarstan Republic of the Russian Federation in 2014, Coskunoz Holding will manufacture various auto body parts for Russia’s first luxury vehicle Aurus. The new project carries considerable weight for the company in terms of prestige, according to Erdem Acay, CEO of Coskunoz Holding.  “Our subsidiary...

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Istanbul welcomes the UK’s combat vessel

Istanbul welcomes the UK’s combat vessel

The UK’s combat vessel built for the Royal Navy HMS Defender has come alongside in Istanbul this morning, according to a statement from the British Consulate General in Istanbul. The combat vessel sailed from the Port of Portsmouth on 1 May, as part of the UK led Carrier Strike Group. The Dutch frigate HNLMS Evertsen...

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What matters this morning

What matters this morning

Prior to the Biden-Erdogan meeting to be held on the sidelines of the upcoming NATO summit, the U.S. has lowered the COVID-19 alert status of 90 countries, including Turkey from level four indicating ‘do not travel’ to level three ‘reconsider travel’. Germany and Switzerland have also removed Turkey from ‘high-risk’ country lists. On the other...

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What matters this morning

What matters this morning

The agenda items of the Biden-Erdogan meeting become clearer as we approach to June 14. The U.S. National Security Advisor Jake Sullivan announced the details of the U.S. President Joe Biden’s visit to Europe starting on June 10 and answered the questions of journalists at the briefing held by the White House Press Secretary Jen...

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DP WORLD TO LINK TURKEY WITH CENTRAL ASIA

DP WORLD TO LINK TURKEY WITH CENTRAL ASIA

The Dubai-based DP World’s subsidiary P&O Maritime Logistics has launched a new container and breakbulk line between the Caspian Sea and DP World’s Yarimca port in Izmit. The first trial voyage on the Marmara-Caspian line to directly link the Central Asia with Turkey has been completed. Regular container-based shipping will now be available between Turkish,...

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POLAND BECOMES FIRST EU AND NATO MEMBER TO ACQUIRE TURKISH UAVS

POLAND BECOMES FIRST EU AND NATO MEMBER TO ACQUIRE TURKISH UAVS

After a meeting between President Recep Tayyip Erdogan and Polish President Andrzej Sebastian Duda at the Presidential Complex last week, Poland signed a deal to purchase buy 24 Bayraktar TB2 type Unmanned Aerial Vehicles (UAVs) from Turkey. “Turkey will export UAVs for the first time in its history to a NATO and European Union state,”...

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Dincer Logistics allocates TRY 100m budget for R&D

Dincer Logistics allocates TRY 100m budget for R&D

After investing TRY 60m in R&D processes in 2020, the logistics company Dincer Logistics has announced it will dedicate TRY 100m to R&D this year, according to Ozhan Findik, Director of Information Technologies and R&D. “Technologies such as demand estimation, planning, logistics simplification technologies, developing transportation systems, robotic manufacturing technologies, smart storage systems, order management...

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Kolbay to be responsible for government relations at Aydem Enerji

Kolbay to be responsible for government relations at Aydem Enerji

Altan Kolbay has been appointed the Government Relations Group Director of Aydem Enerji. Kolbay will be responsible for government relations of group companies under the umbrella of Aydem Enerji. Kolbay received his bachelor’s degree from Ankara University’s Department of International Relations and an Executive MBA at Middle East Technical University. Kolbay also completed his master’s...