...Turkish Economy and Business 1. Turkey has been one of the fastest growing economies in the last 10 years. What have been the main drivers of this rapid growth? a. Fast recession recovery: The painful experience of 2000-01 meltdown that lead to an increase in public debt from38% to 74% of Turkey’s national income, made Turkey better prepared to handle the next crisis. b. Attractive foreign direct investment destination, which grew 20 times from 1990s c. Young and vibrant demographics: Current population of 72 mil with an average age of 29 that makes the young entrepreneurs amongst industrious people d. Europe’s 6th and the world 16th largest economy. e. Strong financial sector and one of the biggest exporter of construction material(cement), car, textile, and agri-business f. Soring share of export to middle east g. Relatively low labor costs compared to higher costs European labor market h. Recent advancement in medium to high-tech sectors i. Recent betterment of the neighboring markets: Russia, Iran, other Middle east countries j. GDP growth rate at 6% between 2002-08 k. Inflation of 9% from 75% a year in 1990s. l. Utilizing its Special geographic location to be the energy corridor amongst Europe ,Middle east & North Africa m. Attempt to normalize relations with all neighboring countries including Armenia. n. Keen and long-term interest in becoming an EU member ...
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...About Founded in 1926, Koç Holding has become not only one of the largest and most successful groups of companies in Turkey but also in Europe, by staying one step ahead of change throughout its journey of 80 years. Adamant in observing in all its operations the principles and ethical values of administering corporate governance, undertaking social responsibility and providing environmental protection at international standards, the Koç Group is a global player constantly moving toward its objective of duplicating its success in Turkey at the global scale. Consumer Durables Developments in the durable consumer goods sector In 2014, the white goods market is estimated to have grown 2.4% and the LCD TV market by 1.6% worldwide over the prior year. The European white goods market, one of Arceliks main markets, expanded about 4% over the previous year. While the growth in the Western European market neared 4%, the Eastern European market grew 5.6% due to rapid market growth across the region during the last quarter. In the Middle East and North Africa, upheavals across the region have created significant pressure on the markets. The white goods market contracted over 10% in Egypt, and by nearly 3% in South Africa, the largest and most developed economy on that continent. Turkey remained the largest production hub in Europe for the white goods sector. According to data by the Turkish White Good Manufacturers Association (BESD), exports in the white goods grew 5% year-over-year...
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...Republic of Turkey is a Eurasian country located in Western Asia and Southeastern Europe. It is bordered by eight countries and five main seas. Istabul is the largest city in Turkey, and Turkey’s capital is Ankara. About 48% of the population lives in the cities or towns. The rest lives in rural areas. Most of people in Turkey are Muslim, which are followers of Islami. Also, in this paper, the culture of Turkish, the life in Turkey such as health care system, transportation, and education system are also mentioned. The Turkey republican parliamentary democracy and the economy are discussed later in the paper. The last part is business etiquette talking about some important customs that business foreigner should know. Background Turkey, also known as the Republic of Turkey, is a land-bridge linking Europe and Asia. The history of Turkey encompasses, first, the history of Anatolia before the coming of the Turks and of the civilizations – Hittite, Thracian, Hellenistic, and Byzantine – of which Turkish nation is the heir by assimilation. Second, it includes the history of Turkish people including Seljuks, who brought Islam and Turkish language into Anatolia. Third, it is the history of the Ottoman Empire, a cosmopolitan – Islamic state that developed a small Turkish amirate in Anatolia. Finally, Turkey was established in 1923, after the fall of Ottoman Empire, under “Father Turk”. It is immediately started on a course of modernization in all walks of life (Turkey, 2011.) Turkey...
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...turkey - The Turkish Republic was established in 1923, after the fall of the Ottoman Empire. The Empire had been slowly declining for several centeries, this can be attributed to its inablity to keep up scientificaly and the socail and political wars. Finally the Lausanne Peacem Treaty of July 24, 1923 established the international status and boundaries of the new country. The Republic of Turkey was formally declared on October 29, 1923. It immediatly started on a course of modernization in all walks of life.... [tags: essays research papers] 929 words (2.7 pages) $19.95 [preview] Turkey - Because of the war women gained the right to vote to vote. In 1946, the multiparty era began. A military junta seized power and governed from 1960 to 1961. In 1961, a new constitution was ratified, and elections began. The 70’s were a time of political violence and economic uncertainty. Because of this, in 1980 a second junta was formed, which instituted martial law and abolished all political parties. The second junta was dissolved because of a new constitution, adopted in 1982. Turkey then became a republican parliamentary democracy.... [tags: essays research papers fc] :: 3 Sources Cited 1986 words (5.7 pages) FREE Essays [view] Benefits Of Franchising System In Turkey - Benefits Of Franchising System In Turkey Franchising system has lots of adventages for economic growth of Turkey such as it creates job opportunity , competition improves the domestic campanies and global campanies...
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...Turkey (Turkish: Türkiye), known officially as the Republic of Turkey ( Türkiye Cumhuriyeti (help·info)), is a Eurasian country located in Western Asia (mostly in the Anatolian peninsula) and in East Thrace in Southeastern Europe. Turkey is bordered by eight countries: Bulgaria to the northwest; Greece to the west; Georgia to the northeast; Armenia, Azerbaijan (the exclave of Nakhchivan) and Iran to the east; and Iraq and Syria to the southeast. The Mediterranean Sea and Cyprus are to the south; the Aegean Sea is to the west; and the Black Sea is to the north. The Sea of Marmara, the Bosphorus and the Dardanelles (which together form the Turkish Straits) demarcate the boundary between East Thrace and Anatolia; they also separate Europe and Asia.[8] Turkey is one of the six independent Turkic states. The vast majority of the population are Muslims.[9] The country's official language is Turkish, whereas Kurdish and Zazaki languages are spoken by Kurds and Zazas, who constitute 18% of the population.[10] Oghuz Turks began migrating into the area now called Turkey (derived from the Medieval Latin Turchia, i.e. "Land of the Turks") in the 11th century. The process was greatly accelerated by the Seljuk victory over the Byzantines at the Battle of Manzikert.[11] Several small beyliks and the Seljuk Sultanate of Rûm ruled Anatolia until the Mongol invasion. Starting from the 13th century, the Ottoman beylik united Anatolia and created an empire encompassing much of Southeastern...
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...Sightseeing in Turkey There are a lot of sightseeing in Turkey.Sightseeing can be about historical places,modern places,natural places ...Millions of people visit Turkey every year .It depends area where visit according to tourist. Both foreign tourists and local tourists go different area.Some people visit historical place for learning new place and seeing different place .Some people visit natural place and seaside city for holiday.Also some people go Turkey for job because Turkey is very important trade. Some part of historical places are Ayasofya,Efes , Çanakkale,Selimiye Mosque,Süleymaniye Mosque ,Troya Ancient City,Nemrut Mountain.Ayasofya looks fantastic.Ayasofya was beeing Mosque in the past.There are a lot of temples in Efes Ancient city.Also Efes is harbour city.So people go for trade.Çanakkale is very important place for Turkish people because there was war in Çanakkale in the past.If people go Çanakkale ,people can see sanctuary , war area .Not only important Turkish people because this war about all the people in the world. A lot of muslims ,christians,jewishs visit Süleymaniye and Selimiye Mosque.Also there are a lot of huge sculptures in Nevrut. Some part of natural places are Pamukkale ,Safranbolu,Fethiye ölüdeniz,Antalya.Kapadokya looks fantastic.Unesco call wonders of nature.When people see, people usually feel wonderful.Safranbolu is famous for different house.House's design is very different and amazing.All of them is the same .When tourists come to Safranbolu...
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...Day 1: Welcome to Turkey We'll meet at 1 p.m. at our hotel in Istanbul's historic Sultanahmet district, and then take an orientation walk through Istanbul's historic Golden Horn, including the Galata Bridge and the exotic and fragrant Egyptian Spice Market. Then we will take to the water for a scenic cruise of the Bosphorus waterway and its panorama of grand palaces, colorful neighborhoods and bustling waterfront activity. We'll return to land to get acquainted with one another over dinner at a nearby restaurant. Sleep in Istanbul (2 nights). Boat: 2 hrs. No bus. Walking: moderate. Day 2: Old Christian and Islamic Istanbul Today we'll focus on the era when the city was known as Constantinople, the eastern capital of the Roman Empire. We'll start at the exquisite 400-year-old Blue Mosque and then move to the Hippodrome — the ancient racing course that was the social heart of Constantinople. We'll also visit the 1,500-year-old Hagia Sophia church/museum — for 1,000 years the grandest domed structure in the Western world. This afternoon we'll be wowed by some of the world's finest Byzantine mosaics at the Chora Church and cap off the day exploring Istanbul's legendary Grand Bazaar. Bus: 1 hr. Walking: strenuous. Day 3: Istanbul and Ankara We'll explore Istanbul's more recent past and present today, beginning with the opulently Ottoman Topkapı Palace and Harem. Then we'll visit the New District, with its Art Nouveau façades, restaurants, and trendy boutiques, all along pedestrian-packed...
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...1.Brief Background of Turkey Turkey, officially the Republic of Turkey is a contiguous coasttocoast country, located mostly on Anatolia Western Asia, and on East Thrace in Southeastern Europe. Turkey's location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance. Turkey's largely freemarket economy is increasingly driven by its industry and service sectors, although it traditional agriculture sector still accounts for about 25% of employment. Oil began to flow through th BakuTbilisiCeyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. Tourism in Turkey has experienced rapid growth in the last twenty years, an makes up an important part of the economy. 2. PESTE Factors 2.1 Political (P) Stability of Government Turkey’s current government (Justice and Development Party), Turkish Adalet ve Kalkınma Partisi (AKP), als called AK Party or Turkish AK Parti, political party that came to power in Turkey in the general elections of 2002 Prime minister of the party is Recep Tayyip Erdoğan since 2002. In the most recent election, Turkey's 17th general election was held on 12 June 2011 to elect 550 new members of Grand National Assembly. Justice and Development Party garnered 21,399,082 votes, which was almost half of the total votes and ...
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...Kazakhstan - Turkey's gateway to Central Asia The expansion of political, economic and cultural relations with Turkic-speaking countries is one of the priorities of Turkey’s modern foreign policy was initiated by Ahmet Davutoglu, former foreign minister, current prime minister. After the ruling Justice and Development Party came to power, Turkey did a lot to have close relations with the Turkic-speaking countries. One of the most important allies of Turkey among Turkic-speaking countries in the South Caucasus is Azerbaijan but in Central Asia – Kazakhstan. The Turkish authorities value these relations. Turkey is one of the first countries which recognized the independence of Kazakhstan. This testifies to the special status of Kazakhstan in Central Asian policy of Ankara. Today, Turkish President Recep Tayyip Erdogan will pay a state visit to Kazakhstan. The two presidents will take part in the second meeting of the High Level Strategic Cooperation Council. The Turkish-Kazakh Business Forum will be also held. Erdogan’s visit to Kazakhstan will last from April 15-17. At present, Turkey is the fourth country after the US, South Korea and Great Britain investing in Kazakhstan ($ 2 billion). In addition, more than 1,800 Turkish companies operate in Kazakhstan, and this figure exceeds the number of other foreign companies operating in the country. The total cost of projects implemented by Turkish contractors in Kazakhstan is about $17.5 billion. Over the last three...
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...Business Customs in Turkey The modern business world relies on effective communication between people from many different countries and cultures, meaning that successful businesspeople must be able to communicate with other people whose cultures and business customs may be different than their own. Turkey is a nation that has very different business customs when compared to the United States, although they do have some similarities that indicate they come from the same type of Western business tradition. Many of the customs in Turkey are derived from the type of business culture that the country has, which have differences from the United States in terms of hierarchy and individualism. General customs such as communication styles and conveying respect have a large impact on business. Specific business customs can also be important to know, such as knowing the etiquette for giving gifts, and making appointments. By keeping all of these business customs in mind, businesspeople can ensure that their interactions with Turkish individuals and organizations are mutually beneficial. Some of the reasons that business customs in Turkey differ from those in the United States pertain to the larger cultural differences that American and Western societies have compared to Turkish society. Therefore, it is necessary for the Western businessperson to be aware of these larger differences and the influence that they have on specific business oriented behaviors and customs (Hill, 2013). Turkish...
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...THIMUN 2013 Researching your country SUDAN or TURKEY A/ IDENTITY 1. Insert a picture of the country’s flag: | 2. Geography a. Where is the country located? i. What continent? Anatolia (Western Asia), East Thrace (South-eastern Europe). ii. Bordering countries? Bulgaria, Greece, Georgia, Armenia, Iran, Azerbaijan, Iraq and Syria. iii. Landlocked? Seas? Mediterranean Sea (South), Aegean Sea (West), Black Sea (North). b. What is the climate like? Temperate Mediterranean climate. 3. People and Culture a. Population? 75,627,384 b. Ethnicities and predominant religion? Turks (70-75%), Kurds (18%), Others (7-12%). Predominantly Islam. c. Are there any racial or ethnic issues? If so, what are they? None. d. How are women treated in your country? Women are treated as the same as men. 4. Government and Politics a. Leader? How long have they been in power for? Are they popular? Recep Tayyip Erdogan, Prime Minister since 2003, not popular. b. Current government system? Are there free elections? Parliamentary representative democracy, there are free elections. c. Stability or situation of the country’s political system today? Unstable political system, there have been violent protests in May and June. d. Any geo-political considerations? Syrian Civil War, Cyprus dispute. 5. Education a. What is the education system like? (i.e. literacy rates, girls education...
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...investment incentives in Turkey The Turkish Minister of Economy truly excited prospective investors in Turkey. Not only were details regarding the New Investment Incentives Program announced, but also additional news about a second incentive scheme was provided. Further, the Turkish Minister of Industry announced yet another set of incentives, aimed at attracting investors on technology start-ups. In the near future there will furthermore be a new set of incentives introduced, to the benefit of the Media, Cinema and Entertainment sectors and in order to attract foreign production companies. The introduction of a new investment incentives program every couple of years is a rather common practice in Turkey. This time however, the amendments are different than usual in that they offer a substantial number of new features. The New Investment Incentives Program (“New Program”) is very comprehensive and unlike the former ones, it goes beyond a mere change of rates and dates. For example, the New Program expands the periods and coverage areas of the incentives. The New Program also introduces a fourth ‘pillar’ to the current program, namely incentives for “strategic investments”, which investment incentives categorized by regions, sectors, size and the general investment incentives, also strategic investments are incentivized. The incentive scheme aims for, and will no doubt help to substantially decrease the current account deficit and inter-regional imbalances in Turkey. Also, they will...
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...between Philippines and Japan. Turkey is bounded by the Aegean Sea on the west, on the northwest by the Sea of Marmara, Greece and Bulgaria and on the north by the Black Sea. Taiwan is available for air and sea transportation. There are five harbors and eighteen airports in Taiwan, two of which are international. At this point we think that the sea transportation is suitable for the transport of bulky goods like hybrid cars although it is the slowest shipping method for exporting goods. In addition, sea transportation is the most preferred transportation method according to air, road transport and railway because of the cheapest way. DIFFERENCES IN CLIMATES AND DISEASE ENVIRONMENTS In Taiwan there is no severe cold in winter and no cruel summer. Annual average temperature of Taiwan is 22 degrees Celsius. Weather conditions can fluctuate little during winter and spring but the weather is relatively stable in winter and autumns. As a disease environment, we can talk about a liver disease which is a common disease in Taiwan. A parasite Cryptocaryon which infect with raw or uncooked fish damages to liver so it is known for liver disease. Other diseases that can be seen in Taiwan are HIV/AIDS and hepatitis. Ultimately cardiovascular diseases which occurs results of air pollution can be seen in Taiwan. Typically, three climatic types can be seen in Turkey, black sea, Mediterranean and continental climate. However, generally climate of the Turkey can be defined as follow; hot and...
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...Comparison and Contrast between the Evolution of Democracy in Iran and Turkey, from 1900 to the Present. Name: Institution: Date: Please write on top of each of your exams its exact title as its appear below, making sure your answers are itemized (i.e., answer the points ONE BY ONE, and not combine them). ITEMIZE YOUR ANSWERS Mid Term Exam Compare and contrast the evolution of democracy in Iran and Turkey, from 1900 to present. In process of writing your exam, you must provide the following A history of democratization process in (1) Iran (two pages) Comparison and Contrast between the Evolution of Democracy in Iran and Turkey, from 1900 to the Present A History of Democratization Process in Iran Iran has had some important movements that lead towards democracy from the year 1900 to present. At the beginning of the twentieth century, Iran experienced protests and disagreements against the foreign intervention and Qajar. Patriotic opinions of the religious classes established a Constitutional Movement that took place from 1905 to 1911. An alliance consisting of ulama bazaaris and fellow thinkers forced Qajar Shah to pass a constitution to enact a parliament 1906. The introduction of the constitution limited the absolutist rule powers. After the discovery of oil in 1908 in Britain, Qajar Shah Position and military power weakened. Some artists were in Europe to study and master academic paintings and upon their return; they found fine arts academies (Arjomand, 2008). During the...
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...H&M TURKIYE IN APPAREL (TURKEY) Euromonitor International November 2011 H&M TURKIYE IN APPAREL (TURKEY) Passport I LIST OF CONTENTS AND TABLES Strategic Direction ........................................................................................................................ 1 Key Facts ..................................................................................................................................... 1 Summary 1 H&M TURKIYE: Key Facts ........................................................................... 1 Company Background .................................................................................................................. 1 Production .................................................................................................................................... 1 Competitive Positioning ................................................................................................................ 1 Internet Strategy ........................................................................................................................... 2 © Euromonitor International H&M TURKIYE IN APPAREL (TURKEY) Passport 1 H&M TURKIYE STRATEGIC DIRECTION This Swedish retailing giant delayed its entrance into the Turkish apparel market until the recession was over, and opened its first outlets in the country in 2010. H&M plans to continue its penetration in the Turkish market by opening a small number of stores...
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