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Author: Husniye Gungor (Husniye Gungor)

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Georgia gears up for increased trade with Turkey: Envoy

Georgia gears up for increased trade with Turkey: Envoy

BY HUSNIYE GUNGOR Georgia is stepping up bilateral trade with Turkey, its number one trade partner. “The growth trend in bilateral trade over the past few years gives hope that the trade turnover will reach USD 3bn and may even exceed it,” said George Janjgava, Georgian Ambassador to Ankara. The Joint Economic Commission between the...

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Accor to export all-inclusive to the world with Rixos

Accor to export all-inclusive to the world with Rixos

BY HUSNIYE GUNGOR France-based global hospitality leader Accor will export a high-end version of the all-inclusive concept, which Turkey is very good at, to the world. Acquiring 70% of Rixos Hotels in 2017, Accor Group plans to grow in all-inclusive hotel management with the know-how from Fettah Tamince of Rixos. The group aims to increase...

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Inflation expectations up by 11.5 points

Inflation expectations up by 11.5 points

The year-end inflation expectation rose to 57.92%, according to the results of the Market Participants Survey for May by Central Bank. The figure was 46.44% in the previous month’s survey. The CPI expectation for 24 months later, also increased from 17.68% to 19.54%.  The participants’ current year-end USD/TRY expectation also rose from 16.85 in the...

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Turkish people want close collaboration with the EU 

Turkish people want close collaboration with the EU 

Turkish citizens want the European Union (EU) to be a close partner in dealing with international issues, according to the ‘Turkish Perceptions of the European Union’ survey conducted by the U.S.-based nonpartisan public policy think tank German Marshall Fund of the United States (GMF).  The survey results, which were obtained from 2,180 respondents who represented...

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The distance between Turkey and Brazil will not hinder economic relations: Envoy

The distance between Turkey and Brazil will not hinder economic relations: Envoy

“As agreed with Turkish authorities, the distance between countries cannot be seen as an obstacle to the growth of economic relations, but rather an opportunity for the development of complementary capacities in other regions. Our trade with Turkiye in 2021 was equivalent to approximately 35% of Turkiye’s entire trade flow with [Latin American] region. It’s...

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The share of raw materials in exports is alarming: Opinion 

The share of raw materials in exports is alarming: Opinion 

By Dr. Bader ARSLAN Both Turkey’s exports and imports have been breaking records recently. Exports increased by 19.8% to USD 22.7bn in March, according to provisional data released by the Ministry of Commerce. Imports, on the other hand, increased by 31% to USD 31bn. The increase in exports was 20.8% and imports increased by 42.1% in...

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GODIVA to double growth with the ‘Gold Plan’ 

GODIVA to double growth with the ‘Gold Plan’ 

Godiva achieved significant growth with the ‘Gold Plan,’ which is projected to double its business size and carry the brand to the leadership in priority markets, says Godiva CEO Nurtac Ziyal Afridi. Already the market leader for premium chocolate in Turkey, the company will now target markets in Asia and Europe. By NECLA DALAN Godiva CEO Nurtac...

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Lenovo makes the first global installation of TruScale in Turkey 

Lenovo makes the first global installation of TruScale in Turkey 

By HUSNIYE GUNGOR Lenovo and SAP have joined forces to make technology investment easier for the business world. Lenovo’s everything-as-a-service solution TruScale, which runs on SAP’s software-as-a-service system S/4 HANA Cloud, is ready for installation after 12 months of cooperative work. The first global installation of TruScale, which claims to provide speed, flexibility, security, and...

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CarrefourSA determines tradesmen as a growth strategy 

CarrefourSA determines tradesmen as a growth strategy 

By HANDAN SEMA CEYLAN  CarrefourSa, which generates 6% of its turnover from e-commerce and generates 15% of sales from its own label’s products, has built its new growth strategy on tradesmen. Today, 76 of CarrefourSA’s 758 stores are dealerships, 13 of which are owned by female entrepreneurs. “CarrefourSA has been operating in Turkey with an advanced business...

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Turkey’s second largest export partner is the U.S: TAIK President

Turkey’s second largest export partner is the U.S: TAIK President

BY HUSNIYE GUNGOR The Turkey-U.S. Business Council (TAIK) President Mehmet Ali Yacindag (R) said that the 39th American-Turkish Conference (ATC) to be held on June 21-22 will focus on Washington’s Turkey agenda. The TAIK board of directors met with Executive Vice President and Head of International Affairs of the U.S. Chamber of Commerce Myron Brilliant...