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Interview

Sadettin Korkut, General Manager, Petkim Petrokimya Holding: Interview
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Interview:Sadettin Korkut What do you believe are the primary factors driving growth in the Turkish petrochemicals industry? SEDATTIN KORKUT: The petrochemicals industry provides raw materials to numerous sectors. Globally, it has assumed a level of importance on par with the iron and steel sector, as one of the primary forces in the development of a country’s industrial base. In Turkey,…
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Muharrem Dörtkaşlı, CEO, Turkish Aerospace Industries: Interview
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Interview:Muharrem Dörtkaşlı What is the strategic importance of developing the Turkish aerospace and defence industries? MUHARREM DÖRTKAŞLI: The aerospace and defence industry promotes the development of different segments of the economy such as aeronautics, software, sensor systems and information technologies, as well as the country’s industrial base. Between 2006 and 2014, the annual…
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Besim Şişman, CEO and Chairman of the Board, Turkish Petroleum Corporation (TP): Interview
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Interview:Besim Şişman How can Turkey work towards decreasing its dependence on costly energy imports? BESIM ŞİŞMAN:Turkey is a major consumer of energy, accounting for about 1% of global primary energy consumption, or 120m tonnes of oil equivalents per year. This figure will continue to rise as the country works to become one of the world’s top 10 economies by 2023. Unlike some…
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Emin Sazak, CEO, Y üksel İnşaat, and Former President, Turkish Contractors Association: Interview
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Interview:Emin Sazak In what way have local construction firms contributed to the development of the sector in Turkey? EMIN SAZAK: Construction accounts for about 3.5% of Turkey’s GDP, but, when related industries are included in the calculation, this contribution is closer to 30% of economic activity. Segments such as building materials and logistics have seen considerable growth as a result…
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Turgut Erkeskin, President, Association of International Forwarding and Logistics Service Providers (UT KAD): Interview
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Interview: Turgut Erkeskin What factors are driving logistics demand in Turkey? TURGUT ERKESKİN: The Turkish economy has made significant strides over the past 15 years and has grown into one of the largest and most dynamic in the region. Rising production and consumption, a growing population and heightened income levels have resulted in a substantial increase in the amount of goods circulating…
Interview

Mümin Kahveci, General Manager, Istanbul Electric Tramway and Tunnel Establishments (IETT): Interview
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Interview:Mümin Kahveci How can further investment and cooperation between the public and private sectors help improve urban transport infrastructure? MÜMINKAHVECİ: The public transportation needs of Istanbul are rising in line with population growth. Congestion in Istanbul has become an enormous challenge; in the past decade we have seen the number of cars on the streets increase…
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Hasan Ulusoy, Chairman, Nobel laç: Interview
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Interview: Hasan Ulusoy What can be done to enhance the performance of Turkey’s pharmaceuticals industry both domestically and in the wider region? HASAN ULUSOY: I would like to answer this question with an evaluation of the past 10 years. With the launch of the health care transformation programme a decade ago, medical services became more effective at reaching our population. Publicly owned treatment…
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Turgut Şenol, General Manager, Teknopark Istanbul: Interview
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Interview:Turgut Şenol How do current incentives for companies located in technoparks foster innovation, and what additional incentives are needed? TURGUT ŞENOL: There are a number of incentives for companies located in technoparks. They do not have to pay income taxes, all research-based production is exempt from corporate taxes and, finally, software companies do not have to pay value-added…
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Mehmet Şimşek, Minister of Finance: Interview
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Interview:Mehmet Şimşek Should the US Federal Reserve raise interest rates, we may see a reversal in capital flows back to the US. What impact would this have on Turkey? MEHMET ŞİMŞEK: The Federal Reserve’s potential interest rate hike is a downside risk for emerging markets, but it is manageable. We do not expect a globally synchronised monetary tightening, as the European Central Bank…
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Ömer Cihad Vardan, President, Foreign Economic Relations Board of Turkey ( DEİK): Interview
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Interview:Ömer Cihad Vardan How will DE K’s new role aid efforts to attract foreign direct investment (FDI) and cultivate business? ÖMER CIHADVARDAN: In September 2014 the Grand National Assembly voted to restructure DE K, which will continue to support the integration of Turkish industry through trade and investment relations. Operations were streamlined within the organisation.…