Turkey’s Borusan Mannesmann Boru Sanayi & Ticaret AS (BRSAN) plans to expand its U.S. energy pipe business with a production plant in the country as new technology propels a surge in U.S. oil and gas production.
Turkish Economy Minister Zafer Caglayan received Texas Comptroller of Public Accounts Susan Combs and her delegation in the ministry in Ankara on Monday.Turkish Economy Minister Zafer Caglayan received Texas Comptroller of Public Accounts Susan Combs and her delegation in the ministry in Ankara on Monday. Turkish Economy Minister Zafer Caglayan received Texas Comptroller of Public Accounts Susan Combs and her delegation in the ministry in Ankara on Monday.
A Macedonian government team presented the country's investment benefits and conditions for starting and running a business before representatives of 20 energy and petrochemical companies in Houston. The team in Houston is led by Prime Minister Nikola Gruevski for a series of business promotions in the United States.
Houston-Turkey Business Forum was being held in co-operation with Texas Turkish American Chamber of Commerce, Houston Consulate General of Turkey ,Greater Houston Partnership and the Houston Young Businessmen Chamber of Commerce (JCC). Consul General Cemalettin Aydin said Turkey-US relations and the strategic nature of these relationships mentioned, economic, trade and investment relations is not at the desired level, the state on the basis of the trade volume of Turkey's largest trading partner, the Teksas'la increased by 93% to $ 4.24 billion in
The shovels lifted dirt, as local and foreign dignitaries marked the beginning of a new steel fabrication plant in Kaufman, Texas. The partnership effort is between local company Falcon Steel and Mitas Energy and Metal Construction, Inc. of Turkey will see the formation of another company — New Falcon Steel.Ann Glasscock, president and CEO of the Kaufman Chamber of Commerce, applauded thecooperative efforts of all the involved governmental bodies along with the Chamber and the Kaufman Economic Development Corporation.
Lifting off in style: Houstonians celebrate a visit to Turkey in advance of fall Consular Ball BY DEBORAH ELIAS
Have always wanted to travel to Turkey so when I received an invitation to attend a trip with the Houston Junior Chamber Consular Forum 2012 and the Texas Turkish-American Chamber, I quickly jumped at the chance. So much so that I found out about the trip on a Tuesday and was on a plane the following Sunday. Most people probably think that Turkey is part of the Middle East but in fact this is not true. It is however, an amazing place where east meets west, literally.
account deficit (CAD), Economy Minister Zafer Çağlayan announced on Thursday.
In the face of a quickly widening CAD last year, the central bank adopted an unconventional policy mix of lower interest rates and higher required reserve ratios to make Turkey less attractive for highly volatile, short-term international capital inflow while at the same time making it more difficult for consumers to take out loans from banks, in order to tame credit expansion throughout the year. The measures were coupled with government action taken late last year by the executive branch to substantially raise what is called the private consumption tax (ÖTV) on certain -- mostly imported -- products such as cars and cell phones.
The structural issue, however, is that Turkish industries rely heavily on foreign intermediate goods to produce final goods to be exported abroad. To address the issue from that angle as well, the Justice and Development Party (AK Party) government recently introduced a new investment incentive package that offers special incentives to investments in particular fields -- such as the automotive, chemical, textile and machinery sectors -- defined as strategic.
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