Turkish Forum

Tag: Investment

  • Russian investors seek for business prospects in Afghanistan

    Russian investors seek for business prospects in Afghanistan

    russian investors Kabul

    On Tuesday, November 19, Russian business representatives met with Deputy Minister of Economy of Afghanistan Abdul Ghani Baradar in Kabul. He invited Russian entrepreneurs and investors to look for prospective collaboration in various sectors of the country’s economy, including industry, trade, transport, agriculture, healthcare and infrastructure.

    In addition to Baradar, other members of the Taliban government (continuing status as an organization banned in Russia) were also at the meeting. Among them are – Acting Minister of Trade Nuriddin Azizi, Acting Minister of Urban Development Hamdullah Numani and Acting Minister of Transport Hamidullah Akhundzada.

    Abdul Ghani Baradar said that Afghanistan is always ready to welcome domestic and foreign investors and will provide them with all the necessary conditions for doing business in the country. He assured his Russian and Afghan colleagues of his readiness for partnership, emphasizing the rich natural resources of his state.

    The Russian delegation expressed deep interest in investing in Afghanistan, in particular in such sectors as transport, railways, healthcare and agriculture, and also expressed readiness to share experience and cooperate with the Islamic Emirate to achieve mutual benefit, the Afghan side stated. Russian-Afghan cooperation continues to gain momentum, despite the Taliban movement’s continuing status as an organization banned in Russia.

  • Many Turkish companies have decided to invest in FYR Macedonia

    Many Turkish companies have decided to invest in FYR Macedonia

    Many Turkish companies have decided to invest in FYR Macedonia

    Many Turkish companies have decided to invest in FYR Macedonia, Minister for Foreign Investment in FYR Macedonia Bill Pavleski said during the Economy Forum within the scope of the 16th Eurasia Economy Summit in Istanbul on April 10.
    The foreign investments in the country have increased significantly, said the minister, adding that his country overcame the global economic crisis thanks to its sound banking system.
    “Our financial indicators managed to remain balanced during the global economic crisis,” he said. “Our inflation rate has been under 3 percent for the past seven years.”
    Speaking at the same event, Montenegro’s Deputy Prime Minister Vujica Lazovic said that his country was an EU candidate, and prioritized the integration process.
    “There are important opportunities for investors in Montenegro, said Lazovic, adding that although his country was a young one, it had gained a significant economic experience in recent years. “We grew 2.5 percent during the 2009 economic crisis, and 3.2 percent in 2011,” he said.
    Jordan’s Senate President Taher Masri, for his part, said that the country was watching the Turkish economy with pride. “There are winners and losers in economic aspects, and Turkey is among the winners,” said Masri. Source; Hurriyet

  • Turkey firm invests in Tanzania

    Turkey firm invests in Tanzania

    A renowned Turkish manufacturing company dealing with electronic appliances, BEKO has opened its showroom in the country in collaboration with Modern Holdings (EA) Ltd, making Tanzania a base for expansion of its footprint in East Africa.

    While inaugurating the launch at KIDA Plaza in Mikocheni B, Dar es Salaam at the weekend, Premier Mizengo Pinda stressed the need to promote and strengthen the good bilateral relations between Tanzania and Turkey.

    “We are determined to develop our bilateral relations with Turkey in every field and we are happy to see world class Turkish producers in our country,” said the premier. According to Premier, Turkey’s exports to Tanzania in 2011 were $170.7 million compared to $89.3 million posted in 2010.

    The top export categories were iron and steel ($63.1 million), petroleum products and related materials ($36.1 million). Mr Pinda said Tanzania’s exports to Turkey were $21.7 million in 2011, an increase of 52 per cent compared to $14.3 million in 2010. The top five export categories for 2011 were tobacco and tobacco products.

    via DailyNews Online Edition – Turkey firm invests in Tanzania.

  • Report on future strategies for Turkish Cyprus concludes

    Report on future strategies for Turkish Cyprus concludes

    TRNCReport on Future Strategies for Turkish Republic of Northern Cyprus prepared by Turkish Economy Bank was submitted to TRNC executives on Monday.

    Report on Future Strategies for Turkish Republic of Northern Cyprus (TRNC) prepared by Turkish Economy Bank (TEB) was submitted to TRNC executives on Monday.

    The report, jointly prepared by TEB, Foreign Economic Relations Board of Turkey (DEIK), and Turkish-TRNC Business Council, aims at assessing future strategies of TRNC and revealing areas of investment. The report considers TRNC with all its social and economic processes.

    Halim Mete, Deputy Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), while addressing a ceremony held to submit the report, stated that, “we want TRNC to stand on its own legs with a strong economy and qualified man power source”.

    “The report is related to the future of TRNC,” Mete said and referred to referendum on Annan plan dated April 24, 2004.

    “Turkish Cypriot people voted in favor of the report and Greek Cypriot party refused the solution plan supported by the UN and European Union. In the end, Turkish Cypriot people supporting the solution were punished and could not get rid of economic and political blockade,” Mete said.

    TOBB Deputy Chairman said, “TRNC has an extremely well-trained human resource and an tourism potential. We have the opportunity to turn north of Cyprus into an education center for East Mediterranean and the Middle East. There are people eager to invest in TRNC in case the conditions become appropriate. A series of studies may take place to boost competitive capacity of TRNC and to provide appropriate conditions for those who want to make investment.”

    TEB Director General Varol Civil, speaking at the ceremony, stated that a Conference was organized last May to assess potential of TRNC.

    “The report justified the confidence we felt in potential of TRNC that it would become a university island with its high education level, geographical position, beauties and appropriate climate conditions,” Civil said.

    Mustafa Fehmi Gurbuz, chairman of Turkey-TRNC Business Council, said the report was based on the statements of people who experienced expectations and the problems the most in Cyprus business world.

    Kaya Turkmen, Turkey’s Ambassador to Lefkosa, said an economic atmosphere focusing on private sector and which has high competitive capacity was targeted for economy of TRNC to reach a stable structure in the future.

    “When we make a general evaluation, economic activities in TRNC intensify on service sectors like tourism and education. Turkey will extend any necessary contributions,” Turkmen said and stated that Turkish-TRNC Business Council should assess well the problems hindering improvement of bilateral trade relations and wanted them to disclose the public the problems and their proposals.

    Cyprus Turk Chamber of Trade President Gunay Cerkez said, “the report was a study assessing the strong and weak aspects of the TRNC, as well as the opportunities and threats. TRNC passes through a difficult and important period both in economic and political sense. However, we believe that this period may be overcome with planned measures and decisive stances. Problems and difficulties caused by blockage should not be a hinderance for us.”

    Cyprus Turk Chamber of Industry Chairman Ali Cirali said political uncertainties caused wrong economic, social and bureaucratic structuring in TRNC. “Today, TRNC is at crossroads. There are two alternatives in front of TRNC. Either we will get reorganized with all its institutions and organizations, or we will be the ‘poor region’ of TRNC after the solution.”

    “We are aware of the face that we should take bitter medicine in restructuring period,” he said.

    TRNC Economy & Energy Ministry Undersecretary Omer Koseoglu said the report was very important for them noting that the government aimed an economy focusing on private sector.

    , 04 October 2010