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Mars Logistics Invests EUR 10 Million in 100% Turkish-made Green Wagons

​Mars Logistics, one of the largest logistics companies in Türkiye with solutions in the fields of road, air, sea, rail freight, customs clearance, and insurance services, has taken its operations to the next level by incorporating 90 domestically manufactured and registered train wagons worth a total of EUR 10 million.   Mars Logistics, the first company in Türkiye’s to use ...

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Italian THI Medical Invests in Türkiye

Italy’s THI Medical, producer of surgical helmets and healthcare professionals’ personal protection systems, invests in Türkiye for its new 1650 m2 plant in Izmir. Taking the floor at the opening ceremony, THI Türkiye Board Chairman Giorgio Rosati stated, “With this new investment, we contribute to both Türkiye’s production power and employment.” 25 persons have already been hired recently. Further recruitments ...

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UK And Türkiye Agree on a Deal for Türkiye’s Green Railway

The UK government has announced at the UK-Türkiye Green Finance Conference in London that it agreed its largest-ever civil infrastructure export finance deal worth EUR 2.1 billion for the construction of a high-speed electric railway line between the Turkish capital of Ankara and a major port in the western province of Izmir. Once commissioned, the new 503 km electric-powered railway ...

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Microsoft Opens R&D Center in Türkiye

Microsoft has launched an R&D Center in Türkiye on March 17, with an opening ceremony attended by Minister of Industry and Technology Mustafa Varank, President of Digital Transformation Office Ali Taha Koç, Microsoft EMEA President Ralph Haupter, and Microsoft Türkiye General Manager Levent Özbilgin. Speaking at the ceremony, Minister Varank noted that with 11 percent annual GDP growth, Türkiye has ...

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Koç Holding Signs MoU with Ford Motor Company and SK On

Koç Holding signed a non-binding Memorandum of Understanding (MoU) with US-based Ford Motor Company and S.Korean SK On Co. Ltd. (SKO) to explore collaboration opportunities for the production of electric commercial vehicle batteries in Ankara, according to the press release on March 13. The production is expected to start in 2025, with a total annual capacity of 30-45 Gigawatt hours, ...

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Turkish Economy Grows 11 Percent in 2021

Türkiye’s economy grew 11 percent annually in 2021 and 9.1 percent year-on-year in Q4, bringing the average annual GDP growth rate during the 2002-2021 period to 5.5 percent. With 11 percent annual GDP growth, Türkiye has been the fastest growing economy in the world in 2021, according to OECD figures. The data unveiled by the Turkish Statistical Institute (TurkStat) demonstrated ...

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New factory to eliminate Turkey’s external paper dependence

Turkey opened a major paper production facility that promises to relieve the country’s chronic current account balance issue and cut imports, while revving up its foreign sales. Built in the western province of Aydın, the Batı Kipaş Paper Mill will help cut Turkey’s $250 million (TL 3.38 billion) in annual paper imports, President Recep Tayyip Erdoğan said, addressing the opening ...

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Turkish clothing quality allures Cameroonian importers

Online stores in Cameroon boast quality of their products because they come from Turkey DOUALA, Cameroon – Cameroonian clothing importers travel regularly between Cameroon and Turkey to make their clothing businesses prosper, they told Anadolu Agency confiding the reasons. It is increasingly common to see Turkish flags in front of clothing stores in Douala, the Cameroonian economic capital. Online stores ...

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Great Baby Fashion Trends to watch out for in 2022

These kids clothes to be the biggest fashion trends of 2022. We researched the best 2022 trends of baby girl and baby boy clothes. Here, you can take a look at the top fashion outfits and styles for babies to make them look dazzling and trendy. Besides fashion and luxe, covid-19 is another reason for a shift in trends. From ...

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