Category: Business

  • Turkey’s construction industry aims to grow 10 percent in 2011

    Turkey’s construction industry aims to grow 10 percent in 2011

    31 December 2010, Friday / THE ANATOLIA NEWS AGENCY, ANKARA

    Turkey’s construction industry aims to grow 10 percent in 2011, the head of a vocational association said on Friday.

    Erdal Eren, chairman of Turkey’s Contractors’ Association, said that the construction industry, which had shrunk for eight quarters but started to grow in 2010, was expected to grow 10 percent in 2011.

    “Real estate and construction industry have overcome impacts of the crisis, and we get the signals for a more regular growth next year,” Eren told the Anatolia news agency.

    Eren said he thought Turkish contractors could undertake projects in particularly Russia and Qatar as olympic games and world cup finals would be held in those countries.

    The association chairman said Turkish contractors would also try to enter Central and Western African markets.

    Eren forecast the year-end construction business volume in foreign countries would be below 20 billion USD in 2010, and over 20 billion USD for 2011.

  • Recep Tayyip Erdogan: Turkey as an emerging power

    Recep Tayyip Erdogan: Turkey as an emerging power

    Turkey put its imprint as one of the most influential countries not only on 2010, but on the first decade of the third millennium. At the start of the new decade, too, Turkey’s geopolitical position, rich historical heritage, cultural depth, well-educated young population, ever-strengthening democracy, growing economy, and constructive foreign policy make it an indispensable country in a world transformed by rapid globalisation.

    By making use of all of its assets, Turkey is contributing to regional stability and peace, and working towards a global order based on justice, equality and transparency. As an emerging power, Turkey will continue to realise its own potential and simultaneously contribute to global peace.

    The chaotic conditions of the post-Cold War world have made civil wars, occupations, nuclear armament, and human trafficking chronic problems. While globalisation offers new opportunities, it also causes new global problems and deepens the inequalities embedded in the world order. It is no longer possible to sustain the current world order, which, based as it is on a skewed notion of centre-periphery relations, merely produces injustice and inequality.

    Turkey seeks to contribute to regional and global peace by facilitating democratic reforms domestically and implementing a principled foreign policy. As a Nato member, Turkey aims to become a full member of the European Union and establish cordial relations with all of its southern and eastern neighbours. Turkey’s posture — looking both at the East and the West — is neither paradoxical nor inconsistent. On the contrary, Turkey’s multidimensional geopolitical position is an asset for the region.

    There are few countries that can play such a critical role. Turkey constitutes a new synthesis because of its ability to link such diverse qualities and backgrounds. Turkey is thus capable of overcoming the dichotomies of East-West, Europe-Middle East and North-South.

    Indeed, this capacity is essential because we need to leave behind the Manichean disagreements, conflicts, and fears of the Cold War era. Those who see the world through those old, fearful lenses have difficulty in understanding Turkey’s rising profile and dynamism. But the realities of the 21st century necessitate a multi-dimensional and inclusive political perspective.

    Acting on these principles, Turkey is following a proactive foreign policy, stretching from the Balkans to the Middle East and the Caucasus. This geography is Turkey’s natural historical and cultural hinterland. Turkey’s cultural and historical links with the peoples of these regions are deep and conducive to regional peace.

    Turkey cannot remain indifferent to this geography, for it stands at the centre of it. History clearly shows that it is impossible to establish and sustain global peace without ensuring peace and stability in the Balkans and the Middle East. Turkey is following a constructive and inclusive policy for these regions, which are marked by remarkable models of cohabitation, science, arts, culture and civilisation.

    Owing to our recent efforts, the wounds of the Bosnian war are being healed, facilitating peace and stability among Balkan peoples. Turkey’s efforts are also helping prevent wars in the Middle East, and our intense efforts have helped keep a diplomatic track open on the Iranian nuclear issue.

    Moreover, we are helping to facilitate political stability in Iraq and helping the Nato mission in Afghanistan. And, of paramount importance, Turkey is making enormous efforts to help establish an independent and sustainable Palestinian state — efforts that are appreciated by Turkey’s western and eastern friends alike.

    Today, Turkey is following a policy that represents a sense of justice in the Middle East, and is working towards the removal of artificial borders and walls among the region’s peoples. We desire to live in a region where the dignity of every person is respected. That is why we have objected to Israel’s aggression in and blockade of Gaza, and will continue to do so.

    We know that it is not possible to attain global peace unless we establish sustainable peace in the Middle East, which requires resolving the Palestinian question. Therefore, we urge Israel and all other countries involved to follow constructive and peaceful policies.

    Motivated by these principles, Spanish Prime Minister José Luis Rodríguez Zapatero and I showed through our “Alliance of Civilizations Initiative” in 2004 that cultural, historic and religious differences are no reason for conflict. The basis for our approach to humanity is the following principle of the famous Turkish poet Yunus Emre: “We love and respect the created because of the Creator.”

    As a result, we stand firmly opposed to discrimination against any society, religion, sect, culture, or country. I consider anti-Semitism, Islamophobia and prejudice against Christianity crimes against humanity, whose common values and ethical rules oblige us to confront and reject all forms of discrimination.

    Besides its cultural, historic and diplomatic values, Turkey’s vibrant economy has become a source of stability and welfare. When my party took office in 2002, the Turkish economy totalled around $250 billion. Today, Turkey’s annual GDP has reached $800 billion, making it Europe’s sixth-largest economy and the 17th largest in the world. It has also been one of the least impacted by the global economic crisis, with growing foreign trade, a strong banking system and diverse and prospering small- and medium-size enterprises. Thus, the Turkish economy returned to its pre-crisis levels in 2010.

    All of these qualities have transformed Turkey into an attractive place for business, media, artists, diplomats, students and non-governmental organisations from around the world. Turkey’s ever-increasing soft power is becoming one of its most significant traits, which we will continue to use to enhance regional and global peace.

    The impact of globalisation has brought about a rebalancing of power, but the demand for justice, transparency, and legitimacy remains constant. The global problems of our times necessitate cooperation, political will and sacrifice. That is why we are following a proactive policy in multilateral institutions to facilitate an equitable sharing of our world’s resources.

    Turkey will continue to work toward a just and equitable global order in 2011 and beyond. This is a responsibility emanating from our history, geography and the universal values that we hold.

    The author is the prime minister of the Republic of Turkey
    © Project Syndicate, 2010
    www.project-syndicate.org

  • Turkish souvenirs made in New Zealand

    Turkish souvenirs made in New Zealand

    By Charlotte Shipman

    turkish rug 600The painstaking craft of hand knotting Turkish rugs is thousands of years old and based thousands of kilometres from these shores.

    But the modern versions of the ancient art have a distinctly kiwi connection.

    Throughout the world, Turkish rugs are a highly sought after souvenir. On the streets and in the markets of Istanbul there is a carpet on every corner.

    But what most buyers do not know is how much Kiwi’s weave.

    “It’s 50 percent New Zealand wool and 50 percent local wool,” says Mustafa Gozne, a wool importer.

    Gozne has been getting his wool from New Zealand Wool Services since 1992.

    Last year he imported 60 percent of New Zealand wool exports to Turkey – that is nearly two thousand tonnes of wool, worth $7 million.

    It is mainly used in machine made carpets, blended with Turkish wool

    But 10 percent is used for traditional hand knotted carpets, an art which cheap labour in Pakistan, China and India is threatening to destroy.

    “They give the designs, the colours, patterns and they produce Turkish carpet but not in Turkey,” says Gozne.

    Hand knotting carpet is extremely labour intensive. Each square metre has 360 knots and takes more than a month to complete.

    Our wool is valued for being readily available and having a consistent texture.

    “When you use this wool you will not have any headache. I mean the quality during the dying and the knotting,” says Gozne.

    There is only one problem – customers do not realise the secret of the rugs and do not give New Zealand credit.

    “They wouldn’t really have great understanding that it’s always coming from New Zealand which is something we are looking to change throughout the world,” says Paul Steel from NZ wool services.

    But awareness is growing.

    Twenty years a go, hand knotted carpet manufacturers did not know anything about New Zealand wool. Now it is synonymous with quality

    Of the millions of tourists who visit Turkey every year, some are leaving with a small piece of New Zealand.

    3 News

    via Turkish souvenirs made in New Zealand – Story – Business – 3 News.

  • Turkey, Japan in Exclusive Talks for Nuclear Plant

    Turkey, Japan in Exclusive Talks for Nuclear Plant

    By Tsuyoshi Inajima

    (Updates minister’s comments in third paragraph.)

    Dec. 23 (Bloomberg) — Turkey is holding exclusive talks with Japan to build its second nuclear power plant after failing to reach an agreement with South Korea.

    Turkey aims to conclude a deal with Japan in three months, Energy Minister Taner Yildiz said today in an interview in Tokyo. Yildiz is due to hold talks with Toshiba Corp., Tokyo Electric Power Co. and Itochu Corp.

    South Korea and Turkey failed to reach an agreement to build a nuclear power plant in Sinop on the Black Sea coast because of “differences in issues including electricity sales price,” South Korea’s Ministry of Knowledge Economy said Nov. 13. Japan, which won a nuclear plant contract in Vietnam in October, plans to spur economic growth by exporting more nuclear reactors and technology products.

    “We have some targets to recover the time we have lost” to build the nuclear plant, Yildiz said. “Within three months, main frameworks should be determined,” including financing, treasury, insurance, partnerships and power tariffs, he said.

    Yildiz said his visit to Japan comes after officials from Toshiba and the Japanese government held two rounds of technical meetings in Turkey on the project. “They told us their first impression is quite positive,” he said.

    Turkey received an offer from Japan to build a nuclear plant in the country, CNBC-e television said on Oct. 7, citing Yildiz. The offer is an “aggressive one,” the Istanbul-based news channel cited the minister as saying then.

    ‘More Aggressive’

    “Major players including Japan are getting more aggressive in the global nuclear market after they were beaten by South Korea last year to the United Arab Emirates’ $18.6 billion order,” said Shin Min Seok, an analyst at Daewoo Securities Co. in Seoul.

    South Korea emerged as a competitor in the global nuclear market after Korea Electric Power Corp. beat General Electric Co. and Areva SA in December last year to the U.A.E. order.

    Yildiz and his Japanese counterpart Akihiro Ohata are due to sign a memorandum of understanding on nuclear power cooperation tomorrow, Japan’s trade ministry said in a statement yesterday.

    On Dec. 25, the Turkish minister is scheduled to visit Tokyo Electric’s Kashiwazaki Kariwa nuclear power plant, the world’s biggest atomic power station, according to an e-mailed statement by the ministry. Tokyo Electric officials including Executive Vice President Sakae Muto will meet Yildiz at the plant in northern Japan, company spokesman Norio Takahashi said by telephone today.

    Calls to the offices of the spokesmen for Toshiba and Itochu weren’t answered as businesses and markets are shut for a public holiday today. An Itochu spokesman didn’t immediately respond to a voice message seeking comment left on his mobile phone.

    Russia and Turkey signed a contract in May to build Turkey’s first nuclear power plant with four reactors, at a cost of about $20 billion after more than a year of negotiations. Russia’s Rosatom Corp. will operate the plant in Akkuyu for 60 years, Russian Deputy Prime Minister Igor Sechin said Dec. 15.

    “My expectation and hope is that the cost will not be higher than numbers we have been talking with Russia and South Korea,” Yildiz said today.

    –With assistance from Shinhye Kang in Seoul. Editors: Amit Prakash, John Viljoen.

    To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.net.

    To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net.

    via Turkey, Japan in Exclusive Talks for Nuclear Plant – BusinessWeek.

  • Agriculture minister: Turkey’s eastern border becomes EU’s eastern border

    Agriculture minister: Turkey’s eastern border becomes EU’s eastern border

    Mehmet Mehdi Eker 241207Turkish Agriculture & Rural Affairs Minister Mehdi Eker has said that after the food chapter was opened in Turkey’s EU membership negotiations, Turkey’s eastern border had become EU’s eastern border in terms of quality, standard, food and hygiene, Anadolu Agency reported.

    It means that EU’s eastern border is now with Georgia, Armenia, Azerbaijan, Iran, Iraq and Syria, said Eker who spoke at a meeting on “public-non-governmental organizations cooperation in Turkey-EU membership process” on Tuesday.

    The meeting, which took place at Swiss Hotel in Ankara, focused on food safety, veterinary and phytosanitary policies.

    Eker recalled that “food safety, veterinary and phytosanitary policy” chapter was opened to negotiations on June 30, 2010 in Turkey’s EU membership talks, adding that the chapter covered a large area.

    Eker noted that the food issue concerned everybody including producers, consumers, manufacturers and industrialists, adding that the arrangement on food issue was in fact an arrangement on living standards.

    He said that the food standards in Turkey would be the same as in EU countries.

    Eker said that Veterinary Services, Phytosanitary, Food and Feed Law was adopted in Turkey, and it went into effect on December 13, 2010. He added that they needed cooperation of all parts of society, institutions and organizations in adopting secondary regulations in the process.

    via Agriculture minister: Turkey’s eastern border becomes EU’s eastern border | Economy & Business news |.

  • Turkish Airlines Signs Code Share With Star Partner US Airways

    Turkish Airlines Signs Code Share With Star Partner US Airways

    Turkish Airlines and Star Alliance partner US Airways have signed a code-share agreement that will link the two airlines through the Turkish carrier’s nonstop services to North American and European gateways.

    With this accord, US Airways will place its ‘US’ designator code on its Star partner’s service between Ataturk International Airport near Istanbul and Frankfurt, Munich and Zurich.

    The code share also applies to four domestic services from Ataturk to Adana, Izmir, Antalya and Ankara, as well Turkish Airlines’ nonstop services to New York John F. Kennedy International Airport and Chicago O’Hare International Airport.

    In return, Turkish Airlines will place its ‘TK’ code on US Airways’ flights between its Charlotte, Philadelphia and Phoenix hubs to Frankfurt, Munich, Zurich and on connecting flights between these three hubs and Chicago and New York.

    The arrangement starts Jan. 19.

    Andrew Nocella, US Airways’ SVP marketing and planning, said, “This new partnership boosts convenience for air travel between the U.S. and Turkey, and we’re excited to bring it to US Airways’ customers. And thanks to Star Alliance membership, customers may also accrue and redeem Dividend Miles on Turkish Airlines-operated flights and enjoy Turkish Airlines lounge access.”

    via Turkish Airlines Signs Code Share With Star Partner US Airways | AVIATION WEEK.