The U.S.-based e-commerce marketing consultancy company Podean Marketplace Marketing (Podean) launched its Turkey office. The firm, which is the official partner of the U.S.-based multinational e-commerce, cloud computing, digital streaming, and artificial intelligence company Amazon.com, Inc. on six continents, plans to grow brands on Amazon. “Podean will help brands to grow in Turkey with over...
Category: Reports
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TUSIAD versus Erdogan
TUSIAD HELD A HIGH ADVISORY COUNCIL MEETING WHERE THE ORGANIZATION CRITICIZED THE GOVERNMENT’S ECONOMIC POLICIES. PRESIDENT RECEP TAYYIP ERDOGAN RESPONDED TO STATEMENTS MADE AT THE MEETING, SAYING THAT TUSIAD SHOULD NEVER ‘KNOCK ON THE DOOR’ OF THE GOVERNMENT IF IT CONTINUES WITH THESE CRITIQUES. The era of competition using a cheap TL and labor is...
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Sun Tekstil to launch two overseas design offices
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...
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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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2022 tourism target is USD 30bn, say hoteliers
BY FIKRI CINOKUR Turkey, which broke its all-time tourist records in 2019 with 45 million tourists and USD 34.5bn in foreign currency inflows, experienced a 69.14% decrease in the number of tourists and a 65.1% decrease in tourism income in 2020 due to the pandemic. 2020 tourism income stood at USD 12.6bn. Turkey opened to...
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Cruise tourism rises from the ashes
BY SELENAY YAGCI Cruise tourism is getting ready to leave the effects of the pandemic behind with the spread of vaccination all over the world. This year, 21 cruise ships docked at Turkish ports in the first 8 months, and 17 thousand passengers arrived. Although there is a 92.75 percent decrease compared to the same...
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Providing “holistic” support for start-ups
By DIDEM ERYAR UNLU TO HAVE A SUSTAINABLE impact on one’s business requires a multi-disciplinary perspective, especially in a digital world where cross-cultural boundaries are nonexistent. Burcu Acarturk Yildiz, the founding partner of KYB Law Firm, is a lawyer, collector and investor who has managed to develop this holistic perspective both in her personal and...
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Turkish baby’s taste to cross borders
HERO BABY TURKEY is preparing to sell locally-developed baby food to international markets. Jarred baby food with prebiotic compounds, which was developed to meet the needs of Turkish customers, will be on shelves in Italy, Spain, the UK, Sweden and the Czech Republic in the second half of 2021. Swiss international consumer food manufacturer, Hero...
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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...
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Dark days ahead for Mediterranean tourism
BY FEHMI KOFTEOGLU The SARS COV-2 virus is mutating, with new variants emerging each passing day. But how will it affect the Mediterranean region in terms of international tourism? The Mediterranean is considered the center of global tourism but the region is also in the spotlight as the coronavirus ravages littoral nations. No estimation can...