Search Results for: Turkey

Turkey’s textile and clothing industry is aiming for higher growth in its exports during 2014, with a drop in the value of the Turkish Lira over recent months a key factor, WTiN has been told.

The Lira fell to a new all-time low of TRY2.33 against the dollar on Friday.…

THE FINAL investment deal on piping gas from Azerbaijan’s Shah Deniz II field has been struck, confirming Europe will receive 10 billion cubic metres (bcm) annually from 2019. The gas will be shipped via the upgraded South Caucasus Pipeline through Georgia and the new TANAP pipeline across Turkey, linking with the planned Trans-Adriatic Pipeline (TAP) through Greece and Albania to Italy.…

SINCE 2007, Turkey has been on the receiving end of repeated warnings from Financial Action Task Force (FATF) to improve its combating the financing of terrorism (CFT) regime. While an anti-terrorism bill has now been passed, shortcomings still remain and new risks have emerged in Turkey’s difficult neighbourhood.…

AS peace-talks finally got underway in Geneva, aimed at ending Syria’s bloody civil war, one economically devastating consequence is all too clear: Syria’s energy sector has come to a near standstill. The government has lost control of key oil producing areas to the rebels, international oil companies have left the country, and the regime has had to resort to round-about methods to secure energy imports to offset production losses.…

TURKEY’S increasing focus on technical textiles is reflected in the programmes of two major international conferences that look set to be among the highlights of the country’s busy textile events programme in 2014.

A sixth International Conference on Future Technical Textiles (FTT 2014) will be held in Istanbul on October 15-17.…

WINNERS AND LOSERS

RETAIL

WINNERS

ASOS

Fashion retailer ASOS showed online convenience and price are still a winning combination with shoppers. The UK-based online retailer continued its impressive trajectory this year, announcing pre-tax profit had reached GBP54.7m (US$88.3m) for the year ending 31 August, compared to GBP40m in the same period of last year, with retail sales jumping 40% to GBP753.8m, up from GBP537.9m last year. …

THE DIPLOMATIC stand-off between the European Union (EU) and Russia over their respective links to Ukraine throws into stark light the EU’s desire to secure energy security of supply and to decrease its reliance on an unpredictable Russian government. These needs were reflected in the announcement in October of a list of 248 energy infrastructure projects that the EU wants built in in the next decade, all in some way connecting EU member countries through electricity, gas and oil links.…

TURKEY’S increasing focus on technical textiles is reflected in the programmes of two major international conferences that look set to be among the highlights of the country’s busy textile events programme in 2014.

A sixth International Conference on Future Technical Textiles (FTT 2014) will be held in Istanbul on October 15-17.…

A EUROPEAN Union-funded ‘BETITEX’ research project has brought together a consortium of 10 partners to develop protective, biodegradable textiles that can kill ticks and bedbugs. The Euro EUR1.5 million (USD2.06 million) project will focus on developing personal protective equipment for small-and-medium-sized enterprises (SMEs) and also “domestic use in the form of home linen,” according to a European Commission note.…

The Arsan Textile Group, one of Turkey’s leading textile businesses, is to invest in its finishing department next year to help the company produce a more diverse range of fabrics. The company says it wants to meet growing demand for products with a variety of looks and textures from its clients, which include several major European brands.…