BY HANDAN SEMA CEYLAN Sun Tekstil, which designs, manufactures, and sells women’s clothing collections for global brands, has is set to launch two design offices in Germany, the U.S., or Italy, according to Elvan Unluturk, Chairwoman of the Board of Directors of Sun Tekstil. The company, which already has overseas design centers in the UK...
Author: Handan Sema Ceylan (Handan Sema Ceylan)
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Low interest rate policy has led to loss of welfare
BY HANDAN SEMA CEYLAN Q&A with Orhan Turan, President of the Turkish Industry and Business Association (TUSIAD) WHAT WILL BE PRIORITIZED BY THE TURKISH INDUSTRY AND BUSINESS ASSOCIATION (TUSIAD) IN THE COMING PERIOD? We’ll focus on policy proposals to overcome the economic difficulties affecting all segments of society. We have members and strong networks across...
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3-leg program needed for inflation: Kaslowski
BY HANDAN SEMA CEYLAN Turkey needs a 3-pronged strategy to fight against inflation, according to Simone Kaslowski, President of the Turkish Industry and Business Association (TUSIAD). Speaking to daily DUNYA, Kaslowski said these three prongs are the right monetary policy, the fiscal policy to comply with the right monetary policy, and structural changes to support...
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Exports to the U.S. increased by 45%: TAIK Chairman
Turkish exports to the U.S. increased by 45.1% in January-November 2021, compared to the same period last year, reaching USD 13.2 billion, according to Mehmet Ali Yalcindag, chairman of the Foreign Economic Relations Board (DEIK) of the Turkey-USA Business Council (TAIK). Yalcindag evaluated Turkish-American trade relations, bilateral issues, the Halkbank case, and trade wars at...
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Sabanci’s three industry giants grew during the pandemic
Sabanci Holding’s Industry Group’s profit has exceeded its turnover. The holding’s three industry subsidiaries, Kordsa, Brisa and Temsa recorded a turnover of TRY 12bn in 2020, despite the pandemic. As the Industry Group entered 2021, Kordsa doubled its operating profit and Brisa increased it by 2.4-fold in the first quarter of the year. “Sectors in...