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Tuesday, September 13 2011 , Your time is 15:58:00
The e-commerce sector in Turkey has strong growth potential and the sector can soar in the upcoming years through a number of key measures, according to research newly prepared by the country’s top business organization along with the Boston Consulting Group and the GittiGidiyor company.
ISTANBUL - Hürriyet Daily News
India’s global giant Aditya Birla Group plans to invest $510 million toward a viscose fiber plant on a 1 square km site in Adana.
Hayat Kimya, owner of a number of local brands, is planning to invest abroad to produce sanitary paper and Russia, Iran and Egypt are the initial targets, according to a top company executive.
Gökhan Kurtaran - ISTANBUL
A possible Turkish boycott of French products and companies would not only harm bilateral trade relations but also possibly discourage new French investment in Turkey, a top executive of the Turkish French Trade Association (CCIFT) said yesterday.
1 Comment(s) 12/30/2011
The recent row between France and Turkey has forced a Spanish entreprise to announce its origins. The police, meanwhile, cancelled a tiny deal with French Peugeot.
ISTANBUL - Anatolia News Agency
The world’s first mobile cafe brand based in Turkey, HotStop, plans to branch out to the rest of the world. HotStop, which currently has 27 mobile branches in Turkey, wants to extend its umbrella to the United States, Europe, the Middle East and Central Asia.
1 Comment(s) 12/28/2011
Ümit Boyner, the chair of Turkish Industry & Business Association (TÜSİAD), has accepted the offer to keep her position for one more year as recommended by the association, according to an official statement by the organization.
ATHENS - Reuters
Greece’s stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period last year as the economic crisis shattered consumer confidence, the ESEE retail federation said yesterday.
Abu Dhabi-based Agthia Group has purchased the Turkish spring water company Pelit Su, according to a press release by the group.
Many foreign auto manufacturers, like U.S. Ford and Japanese Mazda, Nissan and Toyota are increasing their investments in the Turkish market in 2012 despite the global economic volatility.
1 Comment(s) 12/27/2011
The economic crisis in the European economies this year has pushed advertising expenditures down sharply, while the trend in Turkey has been exactly the opposite
1 Comment(s) 12/24/2011
SEOUL - Agence France-Presse
Japanese electronics giant Sony has agreed to sell its stake in a joint liquid crystal display panel venture in South Korea to its partner Samsung Electronics, the two companies said yesterday.
Turkey’s largest mobile operator, Turkcell, has signed a deal with the China Development Bank for a $250 million loan.