Category: Business

Intelligent Hospital Systems Expands into Europe with New Operations in Izmir, Turkey – WSJ.com

New unit will leverage IH Systems’ pharmacy practice expertise to work with regional healthcare providers on developing comprehensive dose solutions

WINNIPEG, Manitoba–(BUSINESS WIRE)–April 18, 2013–

Intelligent Hospital Systems (IH Systems), developer of the RIVA automated IV compounding system, announced that it is expanding its global footprint with new operations in Izmir, Turkey. IH Systems Turkey will focus on creating a platform for delivering end-to-end pharmacy solutions for hospitals that include drug inventory and supply, medication ordering, processing and workflow, pharmacy hardware and software technologies, and much more.

The new office began providing services in Turkey last fall in a collaborative venture with Dokuz Eylül University Hospital in Izmir. The partnership is believed to be the first time a pharmacy technology provider such as IH Systems has teamed with a hospital to develop a comprehensive pharmacy solution.

“The hospital pharmacy is central to patient care. There is not a department or patient that the pharmacy does not touch — so it is imperative that pharmacy operations are safe, efficient and cost-effective,” said Dr. Niels Erik Hansen, president and CEO of IH Systems. “We are using our expertise in pharmacy practice to expand our global service offering and help pharmacies increase safety and operational efficiency, and reduce costs.”

Mr. Hilmi Sunay will serve as CEO of IH Systems’ Turkey unit. A recognized expert in pharmacy technology, automation and cytotoxic preparation, Mr. Sunay served as CEO of healthcare technology company Rivosem in Istanbul for five years before joining IH Systems last April. He has consulted with such well-known healthcare companies as Johnson & Johnson, Beckton Dickinson and Boehringer Ingelheim Delta Pharma, and led the development of more than 50 pharmacy compounding centers in Turkey.

“We are very excited to have a respected expert such as Hilmi leading the expansion of IH Systems in Europe and being a catalyst for continued growth,” said Dr. Hansen. “Not only does he have decades of experience in the market, more importantly, he has tremendous knowledge of all aspects of pharmacy practice and healthcare technology.”

As part of its aggressive effort to expand into new markets, IH Systems earlier this year announced it has entered into a manufacturing partnership with Cambridge, Ontario-based ATS Automation. ATS will become the global manufacturer of the RIVA system. The hi-tech manufacturer has 20 production facilities around the world, including several in Western Europe, as well as India, China, Malaysia and Singapore.

About Intelligent Hospital Systems

Founded in 2006, Intelligent Hospital Systems (IH Systems) is a medical device company focused on the design and development of automated solutions for the hospital environment. Based in Winnipeg, Manitoba, IH Systems manufactures RIVA, a fully automated IV compounding system that prepares medications for syringes and IV bags in an aseptic environment. Using RIVA, hospitals enhance patient safety, lower the cost-per-dose of medications, reduce their vulnerability to medication shortages and cut waste. For more information, visit .

CONTACT: For Intelligent Hospital Systems

Cookerly Public Relations

Cory Stewart, 404-816-2037

cory@cookerly.com

SOURCE: Intelligent Hospital Systems

via Intelligent Hospital Systems Expands into Europe with New Operations in Izmir, Turkey – WSJ.com.

April 19, 2013
Turkey to finalise payments to Egypt in two months

Türkiye Amerikan usulü emperyalizmi öğreniyor, Mısır’a 2 milyar dolar borç veriyor!

Turkey will transfer the remaining US$1 billion of a $2 billion loan to Egypt in two months, according to sources

Turkey will transfer the remaining US$1 billion of a $2 billion budget support package agreed for Egypt last year within the next two months, Turkish economy officials and banking sources said on Wednesday.

The loan will be a shot in the arm for Egypt, which on Tuesday failed to agree with the International Monetary Fund on a $4.8 billion loan that could ease a worsening economic crisis in the Arab world’s most populous nation.

Under the Turkish agreement, announced last September during a visit to Ankara by Egyptian President Mohamed Morsy, Turkey’s Treasury loaned Egypt the first $1 billion.

Turkey’s Eximbank will now supply the second tranche in the next two months, the sources said, although the interest rate on the loan had not yet been settled.

“The Egyptians are completing the deal’s conditions at the moment. We expect them to get it done by the end of the month and the deal to come into effect afterwards,” one of the sources close to the transaction said.

“The deal will include capital goods and pre-determined projects. Egypt will soon have a short list of these projects.”

Turkish Prime Minister Erdogan has presided over Turkey’s emergence as a power in the Middle East over the past decade and championed the pro-democracy uprisings of the “Arab Spring”, which saw dictatorships unseated in Tunisia, Libya and Egypt.

His government is keen to position Turkey, whose construction sector is heavily engaged in frontier and emerging markets in Central Asia, Africa and the Middle East, as a key player in rebuilding the region’s post-conflict economies.

Turkish trade with Egypt rose to $5 billion in 2012, consisting mostly of Turkish exports to the Arab nation, from around $3 billion the previous year.

Egypt has been rapidly burning through the hard currency reserves it needs to import food to feed its 84 million people. It is grappling with falling tourism, a soaring budget deficit and an atmosphere of political confrontation that has led to waves of violent street protests.

It secured $5 billion in stopgap finance from Qatar and Libya last week, which, together with the Turkish loan, will buy it time as it seeks to avert social unrest over fuel shortages and food price increases in the run-up to parliamentary elections expected in October.

Before the Qatari and Libyan loans, its foreign currency reserves had dwindled to a low of $13.4 billion in March, less than needed to cover three months’ imports.

via Turkey to finalise payments to Egypt in two months | Al Bawaba.

April 19, 2013
Airbus CEO says may increase production in Turkey

(Reuters) – EADS (EAD.PA) unit Airbus is considering increasing production in Turkey and plans to double its spending in the country from last year’s $74 million “very soon”, its chief executive Fabrice Bregier said on Wednesday.

“We expect by 2025 we will reach spending of $2.4 billion … this will make Airbus the biggest partner for Turkish aerospace,” Bregier told a news conference in Istanbul.

Airbus Military, which is headquartered in Madrid, produces parts for its A400M military airlifter in Turkey, according to the company’s website.

Speaking at a joint press conference to mark the signing of Turkish Airlines’ (THYAO.IS) recent order of 117 narrow-body Airbus passenger planes, Turkish Transport Minister Binali Yildirim said he was waiting for Airbus to take a step towards producing planes in Turkey.

“We want an extensive agreement from you on producing planes in Turkey and we have the capacity to give you every support and incentive for that,” Yildirim said.

(Reporting by Ayla Jean Yackley; Writing by Nick Tattersall)

via Airbus CEO says may increase production in Turkey | Reuters.

April 18, 2013
Turkey’s first local solar tower built in southern city

Turkish energy company Greenway has completed the construction of Turkey’s first “concentrated solar power tower plant” (CSP) in the southern province of Mersin, which is located on one of the world’s major Sun Belt areas.

The first local concentrated solar power tower plant built in Turkish southern province of Mersin has a 5 MW of thermal power capacity. Company photo

The plant, which has been built with an investment of $50 million by Greenway with the support of Turkey’s science watchdog TÜBİTAK and the Technology Development Foundation of Turkey (TTGV), generates 5 MW of thermal power, equivalent to the energy requirement of 1,500 houses.

“Turkey is located on a major sun belt and is lucky compared to many countries that develop technology in this field,” Co-founder of Greenway and Project Management Director Serdar Erturan said in a statement.

Erturan noted that major world powers had been placing a special focus on solar power plants as a substantial power generation source in response to the increasing energy demand due to rising technological needs.The plant is used as one of the most efficient methods to convert solar power to electricity across the world. While it’s one of its kind in Turkey, it also marks many firsts in the world.

There are similar tower type plants in Spain, Israel and the U.S., and the Greenway Mersin CSP stands out for its wireless communication system as well as its lego type design, which enables easy transfer, installation and easy access to the site.

Competetive price gain

The plant utilizes only water and solar light, and by focusing solar energy over the tower, it enables reaching high temperatures. Reflective panels consist of unique glass mirrors and system components and energy production processes contain only environment friendly materials. The only output of the system is the high pressure steam.

“Thanks to hybrid and compact systems that lower costs to competitive levels and are not dependent on external sources in technological terms, it is possible to generate energy from renewable energy sources, at high outputs and competitive prices,” Erturan said.

April 17, 2013
PMI(R) Global Congress 2013–EMEA in Istanbul Preview
Features include Role of the Practitioner in Explosive Growth of the Profession, Project Management in Emerging Markets
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NEWTOWN SQUARE, Pa. & ISTANBUL--(BUSINESS WIRE)--April 16, 2013--
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PMI’s 2013 Pulse of the Profession(TM) In-Depth Report: Talent Management found that although consistent, continuous training and development for project managers significantly reduces financial risk, half of organisations have scaled back their training programs due to economic conditions. This deficit leaves organisations and practitioners alike unprepared to fill the 15.7 million new project management roles expected to be created between now and 2020–nearly two million of which will be in the EMEA region.

At the upcoming PMI(R) Global Congress 2013–EMEA in Istanbul, project and program managers will learn what it takes to fill these roles as leaders of the profession’s next generation: agile, innovative individuals who can skillfully navigate change, manage risk and build and nurture teams that drive organizational success in international and emerging markets.

Keynote speakers and events at PMI(R) Global Congress 2013–EMEA include:
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   -- An opening presentation from Project Management Institute President and 
      CEO Mark A. Langley, "Are You Ready to Be a Project Executive?" 

   -- "Leadership in Times of Global Turmoil" presented by featured keynote 
      speaker Nader Mousavizadeh, CEO of Oxford Analytica and columnist 
      for Reuters. 

   -- "The Crossroads of Culture" presented by Avinash Chandarana, Group 
      Learning and Development Director, MCI Group. 

   -- "Networking Across the Globe", sponsored booths in the Exhibit Hall. 

   -- "Project Management in Emerging Economies" panel discussion, highlighting 
      the opportunities and challenges faced by project management 
      practitioners working in new and developing markets. 

   -- Celebration of Children's Day, with events and performances in 
      observation of Turkey's annual Holiday of National Sovereignty and 
      Children. 

   -- A keynote by Murad Bayar, Undersecretary for Defense Industry, SSM, 
      titled "Project Management in the Turkish Defense Industry." 

   -- Closing presentation entitled "Reach for the Heights: Team Dynamics and 
      Leadership on the Slopes of the World's Highest Mountain" presented by 
      author and adventurer Cathy O'Dowd, the first woman to climb Mount 
      Everest from both sides.
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About PMI(R) Global Congress

PMI’s Global Congress is the world’s premier project management educational and networking event, providing a forum in which practitioners and professionals can network, further their skills and learn how their projects fit within the context of world and economic affairs. The PMI Global Congress 2013–EMEA will be held from 22-24 April at the Istanbul Congress Center in Istanbul, Turkey. To register, visit . Start networking early on LinkedIn by joining PMI Global Congress–EMEA and on Twitter @PMICongress.

About the Pulse of the Profession/Methodology

Conducted since 2006, PMI’s Pulse of the Profession(TM) is the annual global survey of project management professionals. The Pulse of the Profession charts the major trends for project management now and in the future. It features original market research that reports feedback and insights from project, program and portfolio managers, along with an analysis of third-party data. The newest edition of the Pulse features feedback and insights from nearly 800 project management leaders and practitioners across North America, Asia Pacific, Europe, the Middle East, Africa (EMEA) and Latin America and Caribbean regions.

About Project Management Institute (PMI)

PMI is one of the world’s largest not-for-profit membership associations for the project management profession. Our professional resources and research empower more than 700,000 members, credential holders and volunteers in nearly every country in the world to enhance their careers, improve their organizations’ success and further mature the profession.

PMI’s worldwide advocacy for project management is reinforced by our globally recognized standards and certification program, extensive academic and market research programs, chapters and communities of practice, and professional development opportunities.

Visit us at www.PMI.org, www.facebook.com/PMInstitute and on Twitter @PMInstitute.
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    CONTACT: PMI
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Carey Learnard, +1 610-356-4600 x1092

Carey.Learnard@pmi.org

or

Megan Maguire Kelly, +1 610-356-4600 x7030

Megan.Kelly@pmi.org
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    SOURCE: Project Management Institute (PMI) 
Copyright Business Wire 2013
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April 17, 2013
Egyptian legislators approve Bourse tax, Turkey loan

Egypt’s Shura Council approve new taxes, tax hikes and a $1 billion loan

Ahram Online

Egypt’s Shura council, currently tasked with legislation, approved on Saturday tax increases and stamp duties, and a loan from Turkey.

The council passed a stamp duty levy on stock market transactions, amounting to 0.002 percent, to be imposed on buyers and sellers equally. Other initially proposed taxes on capital gains and dividends was not passed.

“The new tax will not affect market activity, but it will help curb speculative trading and encourage medium and long term investment,” Abdallah Shehata, adviser to the minister of finance told state owned Al-Ahram daily.

The council also approved an increase in stamp duties levied on advertisements from 15 to 20 percent.

Turkish support

The Shura Council has approved a loan deal between Egypt and the Export Credit Bank of Turkey whereby Turkey provides $1 billion for Egyptian investors importing Turkish capital goods and machinery.

Egypt is currently seeking international support to curb its balance of payments deficit. Last week, Egypt announced it will receive a $2 billion loan from the Libyan government and will also get $3 billion from Qatar in the form of US dollars denoted treasury bonds.

via Egyptian legislators approve Bourse tax, Turkey loan – Economy – Business – Ahram Online.

April 15, 2013