Search Results for: Turkey

THE SEVERE depreciation of the Turkish lira (TRY) this summer has adversely affected the car sector, with domestic sales halving. While the country’s USD31 billion automotive export market has not been so badly impacted, manufacturers’ bottom lines have taken a hit due to the higher cost of importing key raw materials.  …

A SYNDICATED loan from the European Bank for Reconstruction and Development (EBRD) is enabling Turkish company Aksa Akrilik, already one of the world’s largest manufacturers of acrylic and acrylic fibres, to significantly expand its operations.
The EBRD loan agreement, signed in July and covering seven years, was the fourth the bank has provided to Aksa Akrilik Kimya Sanayi A.S.,…

Charities continue to be at risk of being exploited by terrorist groups looking to transfer money and finance their operations, with the Middle East a high-risk area.

These non-governmental organisations (NGOs) are, however, criticising the extra scrutiny the sector is facing from regulators, banks and governments, saying it is driving charity financing into the shadows, actually increasing risks of financing by crime and terror groups.…

With traditional universities increasingly using web-based learning as a way of recruiting students world-wide, University World News spoke to the head of Italy’s top online university to see how it has developed a successful model for international higher learning

Enrollments for the 2018-2019 school year at the Rome-based International Telematic University, Uninettuno, have exceeded expectations, university rector Maria Amata Garito, shared with UWN: “I can confirm that enrolments have jumped quite a bit this year – up by circa 200% compared to last year,” said Garito.…

AMERICAN poultry exporters will gain improved access to Canadian markets under the new United States-Mexico-Canada Agreement (USMCA), which was announced late Sunday night. (September 30). The deal has created new duty-free quotas for US chicken and turkey producers, chipping away at the Canadian tariff protection which underpins its supply management system.…

COMMENTATORS may scoff at President Donald Trump’s ‘Art of the Deal’ negotiating pretentions, but it would be hard to argue that the American food sector was not a winner in the new USA-Mexico-Canada Agreement (USMCA) trade deal, stuck on September 30.…

WHILE crypto-currencies such as Bitcoin, Ethereum, Monero and the others have built their reputation and success of the reliability of their blockchain-based transaction records, it does not mean that these financial systems are immune to fraud. Indeed, fraudsters have found ample opportunities to exploit and subvert the eco-system that surrounds cryptocurrencies.…

TURKISH fabric producer Söktaş is significantly expanding its range of sustainable textiles as it looks to meet growing demand for fabrics with eco attributes.

The company – which had expanded its premium shirting fabrics range to fabrics for jackets and trousers – has now introduced organic cotton fabrics into its stock-supported ranges.…

EUROPEAN Union (EU) and Mercosur negotiators went into crucial trade talks in Uruguayan capital Montevideo September 10-14, cheered on by automakers on both sides who want a deal, even though there are tough technical issues to resolve. The round is another bid to smash the deadlock over a future trade pact between the EU and the four founding Mercosur nations – Argentina, Brazil, Paraguay and Uruguay. …

A senior figure in the American cotton industry has told just-style of his concern that Turkey’s collapsing currency and trade disputes with the US government will cause it to import less US-made cotton.

The Turkish lira – TRY has dropped in value by 45% this year – indeed last September 12, USD1 bought TRY3.43, this September 11, it bought TRY6.43.…