Turkish Economy - News & Updates

[explorer9]

Turkey to Become World`s 12th Largest Economy by 2030 - PwC Analysis

http://www.pwc.com/en_GX/gx/world-2050/assets/pwc-world-in-2050-report-january-2013.pdf

PM Erdogan wants Turkey to be amongst top 10 economies of the world till 2023, It seems impossible to achieve with the above given projections. He might have some inorganic growth structure in mind to achieve the target?

 

[trajanus]

PM Erdogan wants Turkey to be amongst top 10 economies of the world till 2023, It seems impossible to achieve with the above given projections. He might have some inorganic growth structure in mind to achieve the target?

Maybe the PIIGS,especially Spain and Italy would worse than expectation

And whether Indonesia can maintain the growth rate.

Finally the exchange rate of lira

 

[explorer9]

Maybe the PIIGS,especially Spain and Italy would worse than expectation

And the whether Indonesia can maintain the growth rate

Spain, Mexico, Australia and Italy will come down and may be South Korea too, still 2-3 notches down to be in top 10. until and unless there would be a major change in the surrounding of Turkey and that can create a way for inorganic growth for Turkish Nation by adding some 100+ billion USD in its GDP.

 

[trajanus]

US china Japan Germany brazil India Russia uk France are still top9 and others fight for 10th

Also I guess even the GDP is lower,turkey still enjoy a greater political and military power than some countries such as Mexico and Indonesia

 

[trajanus]

World Steel Association - Crude steel production

Turkey produced 35.9million tonnes crude steel in 2012, ranked 8th in the world(10th in2011)

 

[Ir.Tab.]

Turkish exports on rise: 223 pct between 2003-2012

The number of countries in which Turkey exported above 1 billion dollar increased to 34, exports shifted from Europe to the Near and Middle East and Africa.

The total exports of Turkey has increased 222.9 percent to 152.6 billion USD between the years 2003 and 2012.

Turkey's exports have shifted from Europe to the Near and Middle East and African regions due to the global crisis, indicated the statistics released by Turkish Statistics Authority, Turkstat.

The total exports to EU countries have decreased from 58 percent to 38 percent and exports to Near and Middle East countries have increased to 27.8 percent between the years 2003 and 2012.

Although EU countries' share in exports seems to have declined, they still make up Turkey's biggest market with a 116.3 percent increase since 2003 to 59.2 billion USD in 2012.

While the number of countries in which Turkey exported above 1 billion dollar was 9 in 2003, the number increased to 34 in 2012.

51.15 percent of the total exports worth 152.6 billion USD was done by sea, while the remaining 33.09 percent was done overland and 14.28 percent by air route.

01 February 2013

 

[Ir.Tab.]

Exports up 5.6 pct in January 2013 compared to January 2012

Turkish Exporters' Assembly announced Turkish exports to be 11 billion and 25 million dollars in January.

Turkish Exporters' Assembly (TIM) Director Mehmet Buyukeksi on Friday announced that exports increased 5.6 percent in January compared to the previous year at 11 billion and 25 million dollars.

The automotive sector ranked first in exports with 1 billion and 491 million dollars, followed by the ready wear sector with 1 billion and 406 million dollars and chemical products with 1 billion and 316 million dollars.

01 February 2013

 

[BordoEnes]

Apple Executives Meet with Turkish President to Discuss $4.5 Billion iPad Education Initiative - Mac Rumors wink.gif


Turkish president Abdullah Gül at far left, Apple VP John Couch at far right

Among the primary topics addressed during the meeting was Turkey's tablet initiative, a $4.5 billion program to provide as many as 15 million tablets to Turkish schoolchildren. Apple has reportedly been pushing for the contract, but negotiations are said to still be underway.

Also discussed was the layout of the older Turkish "F-keyboard" on iOS devices, which has several keys located in the wrong positions.

Apple has been making a significant push in Turkey, launching the iTunes Store for music and movies there in December and hiring for future retail stores in the country. Gül had visited Apple headquarters last May and discussed many of the same issues included in today's meeting with Couch and other executives.
[ 5 comments ]

 

[Jamaal Yelmaaz]

Turkish exports rose 5.6 percent year-on-year for January, totaling $11.25 billion that month, the Turkish Exporters Assembly (TİM) reported on Friday.

Exports rise 5.6 pct in January, trade group says

 

[trajanus]

Inflation at 7.3 pct as food and fuel prices rise

Inflation at 7.3 pct as food and fuel prices rise

 

[T-123456]

Spain, Mexico, Australia and Italy will come down and may be South Korea too, still 2-3 notches down to be in top 10. until and unless there would be a major change in the surrounding of Turkey and that can create a way for inorganic growth for Turkish Nation by adding some 100+ billion USD in its GDP.

We will find oil and gas!

 

[TheCommander]

Turkey gears up for int'l patent provider role

Turkey’s industrial production in November 2012 increased by 11.3 percent compared to the same month a year ago, data from Turkish Statistics Institute (TurkStat) finds

Keen to ride the crest of an ever-growing number of research and development (R&D) investments in its region, Turkey has now set its sights on becoming a regional hub for registering patents for businesses and entrepreneurs.

The country's government on Tuesday revealed an anticipated set of updates in a law regulating industrial property rights could help it realize this goal.

Turkish Minister of Industry and Commerce Nihat Ergün told reporters on Tuesday in Ankara that the government planned on improving the standards in industrial property rights protection as well as strengthening the role of the Turkish Patent Institute (TPE) in this regard. Underlying the plans for a more effective TPE is a regional emerging markets fact. Observers suggest emerging markets such as China, Russia and India could overtake the traditional global patent market leaders Germany, Japan and the United States in the coming years. Turkey wants to join this new list of patent elites. The latest studies show that Asia dominates 35 percent of the world's total R&D investment outpacing the US with 28 percent and Europe with 23 percent. Most of the innovation investments have also begun shifting to the Asian markets over the past few years.

Discussing the “new role of the TPE” with Today's Zaman, TPE board chairman Habip Asan said on Wednesday they are prepared to receive accreditation from the World Intellectual Property Organization (WIPO) to grant the TPE the right of “search and authorization for patents in foreign countries.” “Our office meets all the necessary requirements for accreditation from WIPO except a necessity of employing the appropriate number of specialists, which is 100. … we expect the planned new law to enable us to hire new people to meet this requirement.” Asan said the TPE planned to hire 100 new assistant specialists before the end of 2013, after which they can apply to WIPO to declare them an internationally recognized patent provider. Asan said they could receive WIPO's approval before the end of next year.

The TPE registers trademarks, patents, license agreements and such rights upon application inside Turkey. In terms of the number of patent applications, the TPE was the busiest office in Europe and ranked ninth in the world in 2012. “We have Russia, Austria, Egypt and Israel doing this job in our target markets. We believe that Turkey will easily attract people for patent applications, building on its advantages such as having a relatively improved infrastructure and being a member of the European Patent Organization (EPO).” Customers pay 2,000 euros on average per patent application, but this number can reach 3,500 euros in some cases, which requires a wider study for eligibility. “We could start receiving between 50 and 100 applications for patents from the surrounding markets in our first year as an international provider,” Asan added.

He also explained that Turkey could capitalize on its increasing political clout in the Middle East, North Africa and Turkic Republics in this regard. “We already carry out promotional activities in these regions. The TPE is going to, for instance, organize seminars on property rights and patents in 15 African countries jointly with the Turkish Cooperation and Development Agency (TİKA) this year. We received positive feedback, thus laying the foundation for future partnerships.” A draft of updates in the law -- prepared by Ergün's office and sent to Cabinet -- proposes stricter monitoring and harsher fines on infringement. Referring to a number of litigation cases popularly known as “patent wars” in global markets, Ergün said on Tuesday that Turkey had to repair the loopholes in laws regulating property rights. The new law anticipates penalties of up to TL 1 million or three years in prison for violation of copyright -- as in the case of counterfeiting -- along with the incorrect publication of geographical indications as defined by the state.

One of the most critical changes with the anticipated new law is the increased subsidies for projects developed by academics. Inspired the Bayh-Dole Act in the US, Turkey plans to offer increased incentives for university projects, promising that the holder of a patent receive as high as 30 percent of the revenue generated from his/her project. Asan says this was a belated move but it is not too late for Turkey to encourage a partnership between the university and the private sector in innovative projects, a key factor to help the country enhance its added-value products.

Turkey gears up for int'l patent provider role

 

[Ir.Tab.]

Construction of new Azeri pipeline due this year, Turkey says

The construction of the Trans Anatolia Natural Gas Pipeline (TANAP), which will transport Azeri gas to Turkey and other markets in Europe, could begin this year, Turkey's Prime Minister Recep Tayyip Erdoğan was quoted as saying on Wednesday in Bratislava.

Before TANAP, Turkey considered joining an EU-backed proposal to build a natural gas pipeline, Nabucco, to transport 31 billion cubic meters of gas from the Caspian Sea across Turkey, through the Balkans to Central and Eastern Europe. Nabucco, however, was downsized and shortened from its initial plans last year because of high costs and a lack of gas suppliers.

Erdoğan said the EU failed to provide the necessary funding for Nabucco. “We have turned our face to a new project. … Both the Turkish and Azerbaijani parliaments have ratified the agreement for the construction of TANAP. I think we could begin construction before the end of this year,” he said.

Baku has made no comment on when construction could begin.

In December of last year, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium to build a gas pipeline to supply gas from the Shah Deniz field in Azerbaijan to Europe through Turkish territory. At present, Turkish state pipeline company BOTAS has a 20 percent stake in TANAP, and the State Oil Company of the Azerbaijan Republic has an 80 percent share. Observers argued that Turkey should have “more favorable” conditions in TANAP, including the right to store and sell a certain portion of the gas that flows through.

The initial capacity of the pipeline is expected to reach 16 bcm per year. About 6 bcm of the volume will be allocated to Turkey, while the rest will be transported to Europe.

7 February 2013 /TODAY'S ZAMAN,

 

[cabatli_53]

Construction of new Azeri pipeline due this year, Turkey says

The construction of the Trans Anatolia Natural Gas Pipeline (TANAP), which will transport Azeri gas to Turkey and other markets in Europe, could begin this year, Turkey's Prime Minister Recep Tayyip Erdoğan was quoted as saying on Wednesday in Bratislava.

Before TANAP, Turkey considered joining an EU-backed proposal to build a natural gas pipeline, Nabucco, to transport 31 billion cubic meters of gas from the Caspian Sea across Turkey, through the Balkans to Central and Eastern Europe. Nabucco, however, was downsized and shortened from its initial plans last year because of high costs and a lack of gas suppliers.

Erdoğan said the EU failed to provide the necessary funding for Nabucco. “We have turned our face to a new project. … Both the Turkish and Azerbaijani parliaments have ratified the agreement for the construction of TANAP. I think we could begin construction before the end of this year,” he said.

Baku has made no comment on when construction could begin.

In December of last year, Azerbaijan and Turkey signed a memorandum of understanding to establish a consortium to build a gas pipeline to supply gas from the Shah Deniz field in Azerbaijan to Europe through Turkish territory. At present, Turkish state pipeline company BOTAS has a 20 percent stake in TANAP, and the State Oil Company of the Azerbaijan Republic has an 80 percent share. Observers argued that Turkey should have “more favorable” conditions in TANAP, including the right to store and sell a certain portion of the gas that flows through.

The initial capacity of the pipeline is expected to reach 16 bcm per year. About 6 bcm of the volume will be allocated to Turkey, while the rest will be transported to Europe.

7 February 2013 /TODAY'S ZAMAN,

TANAP project between Azerbaijan and Turkey is really strategic and aiming to hold the horses of EU in the hands of Turks at crisses.

The two leaders, Republic of Azerbaijan President İlham Aliyev and Prime Minister Recep Tayyip Erdoğan held bilateral discussions before the signature ceremony. After the ceremony the two leaders held a joint press conference where they stressed the point that the two nations have strong bonds and that they will continue acting together. Azerbaijan President İlham Aliyev said that TANAP is a project of Turkey and Azerbaijan and added: “Turkey has always been on the side of the Azerbaijan people during very difficult times. Our people will never forget this. TANAP is an expression of this. Azerbaijan considers Turkey’s energy security as its own energy security. Our interests, intentions, and policies are one and the same. I consider this day as a historical one because today we open new pages in the book of history and put our signatures there. Both nations will benefit from this in the future.”

ALİYEV: “I TAKE PRIDE IN THE FACT THAT TURKISHAZERBAIJAN RELATIONS ARE AT THEIR PEAK”

Azerbaijan President İlham Aliyev stated that he is happy to be on the Turkish soil and went on to say, “I take pride in the fact that Turkish-Azerbaijan relations are at their peak. Azerbaijan has been an independent country for the last twenty years. During this period Turkish-Azerbaijan relations have always been at a high level. These relations are getting stronger and deeper. Bonding and fellowship have stood at the foundation of these relations.

The great leader Atatürk said: ‘Azerbaijan’s grief is our grief, their happiness is our happiness.’ I am very happy to be experiencing these joyful days.”

Aliyev stated that they have laid the foundation of a big project at Petkim İzmir and that the investment for the pipeline will be around 15-20 billion dollars in total; he then added, “If these relations were not based on fellowship, brotherhood we would not be talking big capital right now.” Aliyev went on to say that the bond between the two peoples lies at the foundation of this work, that TANAP will be actualized by the two nations in five years, and that they will be celebrating at the opening ceremony in the same joyful way.”

ERDOĞAN: “AZERBAIJAN AND TURKEY ARE TWO NATIONS BONDED BY STRONG BROTHERHOOD AND KINSHIP TIES”

 

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