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...
Category: Cover Story
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We contributed over USD 50m to the Turkish economy: Kanver
BY BESTENIGAR KARA More than 20 Turkish building materials companies, which entered the U.S. with the occasion of Cagri Kanver, contributed USD 50m to the Turkish economy through exports alone in 2022. Kanver is an architect and real estate developer, partner of the U.S.-based Watermark Investments, and U.S. representative of the Association of Real Estate...
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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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Russia eyes exporting halal products to the world
BY BESTENIGAR KARA Russia’s halal product export market is not limited to the Middle East, according to Maxim Protasov, Head of the Russian Quality System (RusQuality). Turkey also is interesting for the Russian Federation as a potential market for the exports of local, organic, and halal food. “The halal food market has become a significant...
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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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BEE’O Propolis to export over 100 countries in the next five years
BY BESTENIGAR KARA The apiculture company BEE’O Propolis aims to increase its number of export countries to over 100 in the next five years, according to Food Engineer (MSc) Dr. Asli Elif Tanugur Samanci, Founding Partner of BEE’O Propolis. “We previously exported to 14 countries. Now we can export to 30 countries, we’ve added nearly...
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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,”...