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Author: Husniye Gungor (Husniye Gungor)

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Betting on becoming a unicorn

Betting on becoming a unicorn

BY HUSNIYE GUNGOR Thread In Motion, which produces smart, wearable, handheld terminals for the automotive, logistics, and manufacturing sectors, aims to become a unicorn in three years. As the only company in Turkey that produces wearable IoT technologies, the company aims to dominate both the local and the global market. Thread In Motion produces smart...

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I won’t stand by anyone who defends interest rates: Erdogan

I won’t stand by anyone who defends interest rates: Erdogan

Turkish President and AK Party Chairman Recep Tayyip Erdogan has underlined the ‘low interest rate’ message at the AK Party’s group meeting . Repeating the idea that the ‘interest is the cause and inflation is the result’, Erdogan said his party will remove the burden of the interest rate burden from the nation.  “We cannot let...

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What matters on Friday, November 12

Turkish Lira is at its psychological test level. Stubborn inflation in the U.S. and hawkish Fed on one hand, domestic inflation reaching 20% and the uncertainty of the CBRT on the other… The TRY, which was stuck between two separate monetary policies, has reached its psychological level of 10 against the USD. The USD/TRY was...

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Brussels government visits Turkey for 20th year of bilateral trade

Brussels government visits Turkey for 20th year of bilateral trade

BY HUSNIYE GUNGOR Officials from the Brussels-Capital Region, one of the three federal regions of Belgium, made a high-profile visit to Turkey last week to mark the 20th anniversary of organized bilateral trade relations. Accompanying the diplomatic delegation of 10 people, led by Brussels-Capital Region Minister-President Rudi Vervoort, were 10 Belgian companies that met Turkish...

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The CBRT is preparing to change its approach: opinion

The CBRT is preparing to change its approach: opinion

By MARUF BUZCUGIL Central Bank (CBRT) Governor Sahap Kavcioglu appeared before journalists for the first time after Turkey’s surprise rate cut this week and signaled that the “inflation targeting” regime established by the AKP-led government in 2006 can now be abandoned. The Central Bank, whose independence in choosing and implementing monetary policy is oft-discussed, is...

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What matters on Wednesday, October 20

What matters on Wednesday, October 20

Turkish Industry and Business Association (TUSIAD) made a call yesterday to rebuild Turkey. The messages by the Turkish biggest business NGO were crystal clear than ever before.   TUSIAD announced the framework of its 50th anniversary project “Building the Future with a New Approach” at its High Advisory Council meeting. The study pointed out that the...

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AloTech plans new investment tour for U.S. market

Cloud-based call center platform AloTech plans to launch an investment tour aimed at venture capital companies in America in line with its growth strategy in the North American market. The company, which aims to reach its current investment targets within 12 to 18 months, is considering starting negotiations for a new investment round and completing...

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Globizi to create equal opportunity for SMEs

Globizi to create equal opportunity for SMEs

By DIDEM ERYAR UNLU  Globizi, which launched activities as of September as an e-commerce and e-export business partner for Turkish companies, aims to create an end-to-end e-export ecosystem for businesses of all sizes that want to open up to international markets, drawing in more and businesses to digital change and transformation.  After more than eight...

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Minimizing risk more important than ever for FDI: YASED

Minimizing risk more important than ever for FDI: YASED

By HUSNIYE GUNGOR When the new board of directors chaired by Boeing Turkey Managing Director and Country Executive Aysem Sargin took over the management of the International Investors Association (YASED), they thought they had a challenging agenda ahead with trade wars, Brexit and growing uncertainty exerting downward pressures on investments. “Little did we know at...

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A playground for hybrid renewable investments: Turkey

A playground for hybrid renewable investments: Turkey

By HUSNIYE GUNGOR Turkey can be a playground for hybrid renewable investments, according to Jerome Pecresse, President & CEO at GE Renewable Energy, who was in Istanbul to meet clients, government officials, talk about the future, discuss Wind Energy Renewable Energy Resource Area (YEKA) auctions and offshore wind potential in the country. He is quite optimistic about the Turkish...