...Course: Academic writing Semester: Fall 2014 Academic Paper EU EXPANSION: Accession of Turkey and its potential impact on the atmosphere within the EU Rauf Asadullayev Instructor: Christopher Weilage Munich, Germany, 2014 Table of contents 1.Introduction………………………………………….…………………………3 2. The Association agreement…………………………………………….……..4 3. The Ankara Agreement………………….…………………………………...6 4. Customs Union………………………………………………………………..7 5. Turkish government and the accession of Cyprus in the EU………………8 5.1 Turkey’s short term economic effect on the EU…………………………..9 5.2 Turkey’s territorial advantages for the EU……………………………….10 5.3 Religion and culture in Turkey…………………………………………….11 5.4 Food in Turkey and its safety- Security and the EU……...………………12 6. Impact of EU’s democratic standards to Turkey…………………………..13 7. Conclusion…………………………………………………………………….16 Index of Abbreviations BTC- Baku Tbilisi Ceyhan EEC- European Economic Community EU-European Union EC- European Council EP- European Parliament FAO- Food and agriculture organization SEES-Southeastern European states Introduction Europe - the cradle of human civilization, boiling pot full of many various nationalities, cultures and languages. Geographical borders within and outside of the Europe have changed every time when a new Empires began to flourish. Even now, in the 21st century borders of EU are not defined clearly. Should the Borders be...
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...BUSINESS PLAN A.ZORBAS & SONS PLC Names and University Identification Number: Abdulla Al Mamun Mozumder-U104N1039 Constantinos Constantinou- U104N0905 Demetris Siamilis-U094N0610 Katia Mavri- U104N0906 Nikolas Efthymiou-U094N0211 Course Name: Financial and Managerial Accounting Course Abbreviation and Number: MBA 612 Name of Instructor: Angelos Tsaklanganos Table of Contents 1.0 Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1 Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 Keys to Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Company Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1 Company Ownership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 Company History . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.3 Company Locations and Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 1 2 2...
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...Ever since applying for admittance into the EEC in 1959, Turkey has been fighting to accede into Europe. The country has been an associated member of the European Community since 1964, following the signing of the Ankara Agreement in 1963. They have been trying to become full members since and officially applied for admittance on April 14, 1987. Because the EC was in the midst of forming a politically and economically tight European Union, the EU did not consider Turkey’s application until 1993. They were not a candidate country until 1999. The EU had outlined 35 chapters for the country to comply with before their admittance is decided on a vote. Europe and Turkey extensively trade between each other. Turkey and the EU already have free trade between each other. Turkey’s exports and imports are mostly with Europe. In 2007, 56.4% of Turkish exports were to the EU, and 40.8% of their imports were from the EU. (Euro Comm)Once admitted as a full member of the European Union, the trade market will only grow. As a member of the European Union, Turkey’s economy will continue to grow. As of now, Turkey is able to export and import goods to and from Europe, but does not export many services. As of 2006, 63.5% of Turkey’s GDP came from services rather than agriculture and industry. (Euro Comm) When the EU admits turkey as a member, Turks will be able to freely cross the borders and provide service across Europe. With the influx of service workers into Europe, turkey and the Europeans...
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...on-going financial crisis in Cyprus. Park (2006, p.p.8-9) provides a sound “Statement of the Problem” which constitutes a major component for the development of the “Problem Definition” in the proposed Research. The specific problem development enables the development of the proposed Research. Hence, the following Research Problem is outlined/proposed: “The majority of Cyprus Businesses of all sizes are suffering due to the on-going financial crisis, especially since the (in)famous bail-in in 2013. This bail-in contributed towards the rapid increase of unemployment and the loss of over € 10 billion (75% of Cyprus’ GDP) of deposits in the two largest banks (Bank of Cyprus and Laiki Bank. The remains of the second one were absorbed by the first one). Additionally, a large number of businesses have been massively affected and according to CYSTAT and the World Bank approximately 100.000 people (from the working force) have left Cyprus during 2010-2015 in order to seek employment in several countries. How have the businesses responded to this new political and financial environment and how they have cooperated with the other major components, such as the Government, the House of Parliament, the Trade Unions, the Workers’ Unions, the Chamber of Industry and Commerce, and the Banking Institutions, especially since the Cyprus economy is extensively affected by external political and economic changes such as those of European Union environment as Cyprus is an EU Member State since 2004...
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...Volume 13, Issue 12 April 1, 2013 Markets showed moderate gains in March Last week’s Highlights Cyprus and the Troika reached a basic agreement on Cypriot financial support last week which was approved by Eurozone finance ministers. • Cyprus is to receive €10bn financial assistance. • In exchange, Cyprus agreed to resolve the Popular Bank of Cyprus (Laiki), merging its “good” assets and insured depositors into Bank of Cyprus. • With the exception of insured deposits (below €100k) in both banks which will be safeguarded, all bond holders, equity shareholders and uninsured deposits in Laiki will be fully bailed in. Uninsured deposits in Bank of Cyprus will be converted into equity and suffer losses until the bank capital ratio reaches to 9%. Performance Global equity markets went up by 1.59% in March. Japan continues to be the best performing market with the Nikkei and Topix showing a monthly return of 7.25% and 6.05% respectively. US stocks had a positive month, with the benchmark S&P 500 posting a 3.6% gain while breaching its all time high level. Europe also rose with the Stoxx Europe 600 up 1.32%. Meanwhile, Asia was weak, with MSCI Asia ex Japan retreating 2.07%. The dips mostly came from Chinese equities with HSCEI and Shanghai Composite down -4.73% and -5.45% and Hong Kong (-3.13%). The Week Ahead The US will see the Vehicle sales (Tue), Factory orders (Tue), Manufacturing index (Wed), Unemployment rate and Nonfarm payrolls (both on Fri), ISM non Consumer credit (Fri)...
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...------------------------------------------------- Accession of Turkey to the European Union | Turkey's application to accede to the European Economic Community, a predecessor of the European Union (EU), was made on 14 April 1987. Turkey has been an associate member since 1963.[2] After the ten founding members, Turkey was one of the first countries to become a member of the Council of Europe in 1949, and was also a founding member of the Organisation for Economic Co-operation and Development (OECD) in 1961[3] and the Organization for Security and Co-operation in Europe (OSCE) in 1973. The country has also been an associate member of theWestern European Union since 1992, and is a part of the "Western Europe" branch of the Western European and Others Group (WEOG) at theUnited Nations. Turkey signed a Customs Union agreement with the EU in 1995 and was officially recognised as a candidate for full membership on 12 December 1999, at the Helsinki summit of the European Council. Negotiations were started on 3 October 2005, and the process, should it be in Turkey's favour, is likely to take at least a decade to complete.[4] The membership bid has become a major controversy of the ongoing enlargement of the European Union.[5] ------------------------------------------------- History After the Ottoman Empire's collapse following World War I, Turkish revolutionaries led by Mustafa Kemal Atatürk emerged victorious in the Turkish War of Independence, establishing the modern Turkish...
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...The European Union: Questions and Answers Kristin Archick Specialist in European Affairs March 4, 2013 Congressional Research Service 7-5700 www.crs.gov RS21372 CRS Report for Congress Prepared for Members and Committees of Congress The European Union: Questions and Answers Summary The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The Union is the latest stage in a process of integration begun after World War II, initially by six Western European countries, to foster interdependence and make another war in Europe unthinkable. Today, the EU is composed of 27 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. The EU has been built through a series of binding treaties, and over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union, a single market in which goods, people, and capital move freely, a common trade policy, and a common agricultural policy. Seventeen EU member states use a common currency (the euro). In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA)...
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...get involved in trade. They fill a number of different roles in this effort. Describe what EDC and DFAIT do (provide 2 examples for each of them) to promote and encourage international trade. EDC supporting Canadian in the World. Photo: EDC, Support Business Worldwide EDC Contribution to Encourage Trade: * Export Development Canada (EDC) has facilitated over $20 billion to Canadian exports in Brazil for more than one decade. In 2000 EDC serve 169 companies, and increase the number of companies to 338. The business volume is $2.1 billion. Also, EDC insured 861 international buyers. The Canadian Trade Commissioner Service concluded that Brazil has a significant growth opportunity for Canadian companies, and it is considered to Canadian as the13th largest trading partner. The most important opportunity for Canadians is mining, life science, ocean technologies, automotive, tourism, service, and agriculture. * EDC secured loan to WestJet for their three Q400 by 80% of the purchase price of...
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...Turkey Investment Risk Analysis Introduction Today Turkey is preserved as one of the countries that offer a solid ground for foreign investment. According to the Republic of Turkey Prime Ministry Investment Support and Promotion Agency [PMISPA] (2015), the inflow of Foreign Direct Investment [FDI] has reached 12.5 BUSD in 2014 and the amount of countries with foreign capital is constantly growing. While the biggest Turkey’s assets are mainly related to soil and population, a set of political reforms targeted to support the investment, the close possibility to join the EU contribute largely to growing interest of foreign investors. On the other hand, doing business in Turkey requires deeper understanding of local culture, people and their approach to business and life values in general. When making a business decision on whether to invest to Turkey, mainly economic, political and cultural factors shall be taken into consideration. Strategic location Turkey with an area of 784 mil km2 (Central Intelligence Agency [CIA], 2013) can boast about its geographical location of high strategic importance. The country is located on the crossroads of 3 continents and has borders with 8 countries, which opens unique business opportunities in Europe, Asia, the Middle East, the North Africa, Russia and CIC. In addition to that, the attractive Turkish coastlines have made Turkey the 6th most popular touristic destination in the world (PMISPA, 2015), which is one of the advantages when...
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...Table of Contents INTRODUCTION 3 DEFINITION 3 PROGRESS 3 REASONS 8 CONSEQUENCES 9 NEGATIVE CONSEQUENCES 9 POSITIVE CONSEQUENCES 10 CRITIQUE & CONCLUSION 11 REFERENCE LIST 13 Introduction This term paper is about the recent meat scandal in Europe 2013. In the first section I will analyse and describe its process. Secondly, I will describe the reasoning behind the meat scandal as it pertains to the business world. In the third part I will evaluate the consequences as well as its economic impact. And last but not least I will criticise the actions and decisions of the businesses and political leaders involved. As well I will recommend action steps for business leaders impacted by this scandal. Definition The word “scandal” is defined as an offense caused by a fault misdeed.(Modern Language Association (MLA), 2013). Besides it is often a disgraceful or discreditable action. The term “meat scandal” cannot be defined exactly. Nevertheless you can define how a meat scandal developed and why it became a scandal. Generally a meat scandal emerged from the illegal act of putting incompatible meat in circulation for the human consumption (e.g. Rotten meat). Due to the fact that the intermixed beef was compatible for the human consumption, the recent meat scandal was more about the falsely declared meat. Progress In the following section I will analyse and describe the process of the meat scandal. For simplicity reasons I would like to please every reader to have a...
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...A. 1. FOREIGN DIRECT INVESTMENT TRENDS AND DEVELOPMENTS RECENT TRENDS IN FOREIGN DIRECT INVESTMENT INFLOWS AND OUTFLOWS Global trends 15 Following what seemed to be a swift recovery from the global financial crisis in 2010-2011, global foreign direct investment (FDI) inflows have again taken a downward turn. As the world economic recovery continues to be uncertain and fragile, global FDI inflows have declined by 18%, from $1.65 trillion in 2011 to $1.35 trillion in 2012. Inflows decreased both in developed and developing economies.16 However, while the majority of developed countries experienced a significant reduction in their FDI inflows, by 32% on average, those to developing economies remained relatively resilient, declining by only 4% on average. More importantly, for the first time developing economies alone absorbed more FDI than developed countries, accounting for 52% of global FDI inflows (figure 3.1). Asia-Pacific Trade and Investment Report 2013 FIGURE 3.1 1400 1200 Billions of United States dollars 1000 800 600 400 200 0 2003 Foreign direct investment inflows to developed and developing economies, 2003-2012 2004 2005 2006 2007 2008 2009 2010 2011 2012 Developed economies Developing economies Source: ESCAP calculations, based on UNCTADStat. FIGURE 3.2 2000 Billions of United States dollars 1800 1600 1400 1200 1000 800 600 400 200 0 2003 2004 2005 2006 Foreign direct investment outflows from developed and...
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...this scheme lies in the understanding that every citizen has a right to wealth and property of the state. It is also based on the reality that not all citizens are capable of earning income or sustaining themselves. Income guarantee schemes are based on social welfare models, which conceptualize that it is the role of the government to cater for the needs of the citizenry. Therefore, income guarantee schemes undermine the ideals of capitalism that call for individual efforts for purposes of meeting needs. Income guarantee schemes have a long history of evolution, implementation, and success. Introduction The United States has a number of anti-poverty programs that guarantee economic support to the vulnerable in society (Economist, 2013, p. 1). Income guarantee schemes can be of great relief to a number of poverty stricken people in the country. In Canada, a four-year experiment with income generation schemes was successful but due to economic period of the time, the schemes were discontinued (Belik, 2011, p. 1). Though they intend to end poverty and provide economic equality, income guarantee schemes are counterproductive because they make it less desirable for people to be productive. Income guarantee schemes denote the role of government in providing free income to its citizens based on pre-arranged stipulations. These schemes have a long history and different states and governments have applied them differently. One stark quality...
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...EUROPEAN UNION (28 NATIONS) [pic] SUBMITTED TO : Asst. Prof. Shivkumar Belli SUBMITTED BY :- Gurleen Kaur Payal Jotwani Nitin Dixit Renu INTRODUCTION The European Union (EU) is an economic and political union of 28 member states which are located primarily in Europe, currently under the presidency of Herman Van Rompuy. Its capital is de facto Brussels. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Important institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, and the European Central Bank. The European Parliament is elected every five years by EU citizens. The EU traces its origins from the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), formed by the Inner Six countries in 1951 and 1958 respectively. In the intervening years the community and its successors have grown in size by the accession of new member states and in power by the addition of policy areas to its remit. The Maastricht Treaty established the European Union under its current name in 1993. The latest amendment to the constitutional basis of the EU, the Treaty of Lisbon, came into force in 2009. The EU has developed a single market through a standardized system of laws which apply in all member states. Within the Schengen Area passport controls...
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...The Fourth Demography Forum 6 and 7 May 2013 (Brussels) Employment, Social Affairs & Inclusion The Fourth Demography Forum Table of Contents Introduction ...................................................................................................... 3 Opportunities for young adults ............................................................................ 4 Improving the work-life balance .......................................................................... 5 Enabling people to be active longer ...................................................................... 6 Successful inclusion of second-generation migrants ............................................... 7 Regions in rapid demographic and economic decline and inequalities within regions ... 8 Investing in Europe's demographic future - how the SIP will support the drive towards extending Europe's demographic dividend ............................................................ 9 Conclusions .....................................................................................................10 May 2013 2 Employment, Social Affairs & Inclusion The Fourth Demography Forum Some 320 participants attended the Forum opened by Commissioner Andor. This report was drafted by the Forum organisers on the basis of the delivered speeches. Any possible errors or omissions are to be imputed to the Forum organisers Introduction In his welcoming speech, Commissioner Andor underlined our duty to...
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...recent decades, Aston Martin has developed to be an iconic marque symbolized with luxury and elegance since 1913 (Aston Martin, 2015). However, Aston Martin has slowed down the market demand in Europe and North America (KPMG, 2013: 12). Nevertheless, Aston Martin plans to do an investment to expand the global market (Tift, 2015), Meanwhile, because Turkey is the fastest rising country for luxury cars, it seems advisable to target Turkey as a potential developing market (Porturkey, 2013). This report will attempt to evaluate the expansion of Aston Martin in Turkey with macro PESTLE analysis, followed by SWOT analysis, a market entry strategy and concluding recommendation for future marketing strategies based on the previous analysis. 2. PESTLE analysis 2.1. Political Turkish politics has become more stable and 50 political parties has compete in freedom, Turkey's political development is moving towards the EU accession process, the rule of law and civil liberties have been actively improved (Abylkassymova et al, 2011: 8; World Bank, 2015). Moreover, Turkey has significantly low trade barrier due to its customs union with the EU, Foreign companies are attracted by low income tax of 20%, which is an important driver of foreign direct investment(FDI) (Abylkassymova et al, 2011: 11). Furthermore, Turkey is a place where relatively easy to begin a business, as reported by the World Bank’s Doing Business Report 2015, which ranks Turkey above Italy and Greece, and also significantly...
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