Organized retailing is growing very rapidly in Turkey and major chains are becoming more widespread, This transformation is bringing with it an important development. The rate of dependence of some...
CURRENT ACCOUNT DEFICIT IN 2005 Turkey’s current account posted a deficit of $15.6 billion in 2004, a new record. It was the first time Turkey had ever recorded such a high deficit. It is likely t...
The Customs Union and the 2001 crisis provided Turkey with new openings. The country was transformed into an automobile manufacturing base while textiles continued with their success. There was maj...
Allain Gabillet, Bert Bender, Norbert Klein, Steve Bideshi, Till Becker, Dirk Wülfing, Diego Avesani and others… The business community is no stranger to these names. Each one of them manages one o...
Esas Holding began when Emine Kamışlı left her post at Ak Sigorta and wanted to start her own business. Then her father Şevket Sabancı and her brother Ali Sabancı joined the group. Four years passe...
The incredible transformation of the business world is producing a radical change in human resources policies. Companies are developing special strategies and introducing innovations in order to re...
‘Social responsibility’ is a subject which had already been on the agendas of companies for years. But in recent years companies have begun to approach the subject in a more professional manner. To...
Dr. Erdal Karamercan is CEO of the Eczacıbaşı Group… He says that 2004 went very well and that the group had a turnover of $2.3 billion. “This turnover represents a growth of over 30 percent,” he s...
2004 was a boom year for every sector as sales rose rapidly. But growth varied according to the sector. Naturally, there were changes in the respective market shares of companies. In some sectors t...
HOPES FOR A FOURTH YEAR The Turkish economy grew by 9.7 percent in the first nine months of 2004. The growth rate, which had been very high during the first half of the year, slowed in the third ...
Like many executives, Oyakbank General Manager Hakan Eminsoy is very happy with the figures for 2004. He says: “Our total assets reached TL 6.5 quadrillion and our profits TL 110 trillion. We doubl...
One of the most important items in terms of the EU economic criteria is R&D expenditure. In this regard, Turkey’s record is not good at all. Investments in R&D account for 0.7 percent of Gr...
Every executive has been faced with the same scenario. “I’m sick. I can’t come today.”… But this classic situation is now being replaced by a new problem called ‘Presenteeism’. There are those who ...
Atila Şenol is Board Chairman of Mesa, one of the leaders of the housing sectors. He says that housing started to pick up in 2003 and really began to gather pace in 2004. He believes that this boom...
ECONOMIC ASPECTS OF THE EU PROJECT Despite the conditions related to the Cyprus issue, Turkey has entered a new era, as the European Union (EU) decided on a date for the launching of accession neg...