BY HUSNIYE GUNGOR WHAT WAS THE FIRST REACTION OF ISTANBUL RESIDENTS AFTER THE EARTHQUAKE? DID PEOPLE IMMEDIATELY START LOOKING FOR NEW PLACES? People have not yet recovered from the shock of the earthquake. I experienced the 1999 earthquake and witnessed the sale of a TRY 80,000 apartment in Avcilar, Istanbul, for TRY 14,000 after the...
Author: Husniye Gungor (Husniye Gungor)
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Digital transformation of Chinese commercial banks: OPINION
Gao Xiangyang, Chairman of the Board of Directors of ICBC Turkey, drew up the digital transformation of Chinese commercial banks in a mutual article with Qiu Fengcai, Dean of Trent Management Institute Practice and inspiration for the digital transformation of Chinese commercial banks (*) DIGITAL TRANSFORMATION IN CHINESE COMMERCIAL BANKS Chinese commercial banks have developed their understanding...
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‘The climate crisis is on top of our agenda’
By DIDEM ERYAR UNLU Hande Yayla Oguzulgen, Buket Altufan Ulu, and Ozge Konukcu worked in Turkey’s leading law firms for more than 15 years, after graduating from Istanbul University’s Faculty of Law. Specializing in different fields during these years, they decided to join forces and established YAK (Yayla Altufan Konukcu) Attorney Partnership five years ago....
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70-year relations a solid base for increased trade: Austrian Envoy
By HUSNIYE GUNGOR Although diplomatic and economic ties date back several centuries, Austria has had a dedicated commercial office in Istanbul for just 70 years. Therefore, ADVANTAGE AUSTRIA Turkiye organized a reception to mark this important milestone on December 8 at the palace in Yenikoy, where the Austrian Consul General is based. More than 150...
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Digital channels to boost UPT’s global growth
By BESTENIGAR KARA The international money transfer and payment platform UPT (Uluslararasi Para Transferi) aims to enter new countries in Europe, the Middle East, and Africa, according to Hakan Ozat, General Manager and Board Member of UPT. The company, which operated in two to three countries three years ago, has raised this figure to 13...
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Turkey-EU have accomplished much since the positive agenda: Meyer-Landrut
By HUSNIYE GUNGOR The “hugely important” link between European Union member states and Turkey is about more than trade, said Ambassador Nikolaus Meyer-Landrut, Head of the European Union Delegation to Turkey. To him, this cooperation needs to be expanded and intensified. “I am trying to bring it to life,” he said. Ambassador Nikolaus Meyer-Landrut, Head of the European Union...
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ESG transformation is a value generator: Turkish CEOs
By HUSNIYE GUNGOR Turkish companies should enjoy and embrace environmental, social and governance (ESG) transformation to create value, according to Armando Guastella of Bain & Company. ESG is becoming a strategic lever for CEOs, who recognize its massive potential as a value generator, said Guastella, adding that companies outperforming in ESG ratings see their EBITDA...
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Turkish companies increasingly utilize ICC Arbitration: President
By HUSNIYE GUNGOR International arbitration is the preferred method for resolving cross-border disputes for Turkish businesses, because of the enforceability of arbitration awards, as opposed to litigation, according to Claudia Salomon, president of ICC International Court of Arbitration. “It also creates a neutral process for Turkish businesses instead of having to be in the courts of their counter-party,”...
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BAT marks its 20th year in Turkey with increased exports
By HANDAN SEMA CEYLAN British American Tobacco (BAT) has for over half a century purchased oriental tobacco from Turkey. However, the company is now in its 20th year of production in the country. As a long-time investor in Turkey, BAT’s exports have reached USD 750m in the last four years with the help of its...
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Darussafaka is preparing to carry its 159-year legacy to the future
By HUSNIYE GUNGOR Education is a major element of economic and social development. Therefore, every state that defines itself as social needs to ensure equality of opportunity in education. While even the most developed countries in the world fail to provide this, there is a 159-year-old society in Turkey that has had equality of opportunity...