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8TH YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail Gülle, Answered the Questions About Many Issues and Evaluated the Current State of Turkish Economy

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8TH YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail Gülle, Answered the Questions About Many Issues and Evaluated the Current State of Turkish Economy YOUR COMPLIMENTARY COPY 8TH YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail Gülle, answered the questions about many issues and evaluated the current state of Turkish economy. SEPTEMBER 2018 ISSUE 62 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS Innovation Focused Mentorship Program How Who How will Which will the will be the supports will Process run? mentor? chosen? be given? Academicians As a result of be paired with and private sector TİM’s an innovation representative pre-evaluation mentor who is who have the and according to support of both determined by competency their application TİM and Exporters’ TİM and Sabancı of Innovation Association that the University Management be chosen If you want your company to design and put into practice corporation innovation systems that are tailored your company’s aims, structure and needs create and strengthen the infrastructure of innovation management increase innovation management competency sustainably İnoSuit is just for you… www.tim.org.tr/en/inosuit-innovation-focused-mentorship-program.html The Turkish Perspective 1 Contents 05 FIRST 36 COVER 06 | Great Increase in Steel Export 07 | Production Facility in Turkey by Bosch 08 | Boosting Renewable Power Generation 09 | Blockchain Center in İstanbul 10 | Super Incentive for TF-X Project A 10 NEW ERA FOR ENERGY 12 EXCLUSIVE INTERVIEW 50 INDEPTH Chairman of TİM, İsmail Gülle, 48 50 | TURKEY&SOUTH answered the questions about KOREA“BLOOD BROTHERS” FOR many issues and evaluated the 60 YEARS current state of Turkish economy. During the Korean war between 17 BRIEFING South and North, the participation of Turkish troops led to the 17 | BRICS: OPPORTUNITIY FOR formation of a strong relation TURKEY between the two countries. President Recep Tayyip Erdoğan attended the 10th BRICS Summit 55 BRANDS held in South Africa and drew attention to the turbulent period the 60 | DOGUS TEA: DIVERSIFYING world is going through in his speech. THE BUSINESS Dogus Tea reached the large 20 | FIRST-EVER PRESIDENTIAL 26 | ISTANBUL IS READY FOR TAKE-OFF masses thanks to the slogan “The VISIT TO ZAMBIA Most Beautiful Tea is Dogus The frst phase of İstanbul New Tea” and became one of the most President Recep Tayyip Erdoğan Airport is due to open in October important actor in the market. proceeded from South Africa to the 2018. Zambian capital city of Lusaka for 62 AGENDA a one-day offcial visit. 30 | “ALL EYES WILL BE ON TURKISH AIRLINES” FAIRS, EXHIBITIONS, SUMMITS, 24 | ROBUST GROWTH IN THE MEETINGS IN THE NEXT MONTH INDUSTRY Turkish Airlines Chairman of the Board and the Executive Chemical industry’s export has been Committee M. İlker Aycı addressed 63 FIGURES increased by 12.34% in June and the ambassadors on the 10th has moved up to the second place. THE BASIC INDICATORS OF TURKEY 19 Ambassadors Conference. IN THE JULY 2018 2 Online MANAGEMENT PUBLISHER ON BEHALF OF TURKISH EXPORTERS ASSEMBLY/ CHAIRMAN OF theturkishperspective.com THE TURKISH EXPORTERS ASSEMBLY Online İSMAİL GÜLLE STRATEGIC PARTNER PRESIDENT OF INVESTMENT SUPPORT AND PROMOTION AGENCY ARDA ERMUT MANAGER IN CHARGE THE TURKISH PERSPECTIVE DIGITAL H. BADER ARSLAN PhD PUBLICATION BOARD The Turkish Perspective website is to be launched soon. M. İLKER AYCI BİLAL EKŞİ A NEW MEDIUM TO LEARN, ANALYZE AND MONITOR EVERYTHING ABOUT TURKISH ECONOMY ENİSE DİDEM ELMAS MEHMET FATİH BİLİCİ AND BUSINESS, IS BORN. THE TURKISH PERSPECTIVE DIGITAL WILL SHARE THE LATEST MUSTAFA KAMAR NEWS, INTERVIEWS WITH DECISION MAKERS, PROVIDE IN-DEPTH ANALYZES AND WILL BE THE FURKAN KARAYAKA FOREIGNER’S GUIDE IN TURKEY REGARDING REGULATIONS AND LEGISLATIONS. PUBLICATION MANAGEMENT PRESIDENT MEHMET MÜCAHİD DEMİR [email protected] VICE PRESIDENT YAŞAR MAMATİ PROJECT COORDINATOR AHMET DAMGACIOĞLU [email protected] EDITORIAL EDITORS MUSTAFA YİĞİT [email protected] RAMAZAN GÜZYURDU [email protected] EUROPEAN COORDINATOR BUSINESS İNANÇ ATILGAN CULTURE CONTRIBUTING REPORTERS INVESTMENT İLHAN ALPAY OGAN İBRAHİM AVCI INNOVATION AND SCIENCE SERAP KAYA VIDEO OF THE DAY NEWS DESIGN CREATIVE DIRECTOR BRAND MARKETING AHMET SAİD ÇELİK [email protected] GRAPHIC DESIGNER UMUT DURUTUNA JR. GRAPHIC DESIGNER YOUR COMPLIMENTARY COPY YOUR COMPLIMENTARY COPY YOUR COMPLIMENTARY COPY TH 8TH BRIEFING Soda Ash: The 8TH PANORAMA Global Trade 8 Largest Producer in Europe On The Rise YEAR EXCLUSIVE INTERVIEW YEAR YEAR Nihat Zeybekci, Minister IN DEPTH Turkey: Global Player BRIEFING Major Actor of of Economy, shared the current state of Turkish ÖZCAN AYHAN in Defense Humanitarian Aid economy with Turkish Perspective. BRANDS ölen: Re-Establishing IN DEPTH the Chocolate Candy Rules Invest in Greece FEBRUARY 2018 ISSUE 55 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS MARCH 2018 ISSUE 56 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS APRIL 2018 ISSUE 57 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS THE More than a magazine, PRINTING YEAR OF PROMAT BASIM YAYIN SAN. VE TIC. A.Ş. RE CORDS the Turkish Perspective ORHANGAZI MAH. 1673 SOK. NO.34 ESENYURT- ISTANBUL / TURKEY will now be more T. +90 212 622 63 63 F. +90 212 605 07 98 [email protected] TuRkEy iS REaDy fOR ThE yEaR Of RECORDS afTER interactive and responsive, ThE bREakThROugh yEaR, 2017. as expected from YOUR COMPLIMENTARY COPY YOUR COMPLIMENTARY COPY YOUR COMPLIMENTARY COPY 8TH PANORAMA Lorem 8TH BRIEFING Feres eost, sit 8TH YEAR Ipsum Dolor Amet YEAR velic temquidem aut late YEAR EXCLUSIVE INTERVIEW Chairman of TİM, İsmail BRIEFING One Festival, IN DEPTH Feres eost, sit Gülle, answered the questions Two Continents velic temquidem aut late about many issues and evaluated the current state of IN DEPTH Bridging The BRANDS Feres eost, sit Turkish economy. Energy Gap velic temquidem aut late MAY 2018 ISSUE 58 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS JULY 2018 ISSUE 60 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS SEPTEMBER 2018 ISSUE 62 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS Turkey’s main voice for Turkey on the international audience. Move CONTACT T. +90 212 216 19 48 [email protected] [email protected] www.medyatr.com.tr Turkey has long been a country shaken by chronic From the foreign-dependent banks in the late Ottoman Era economic and fnancial crises (1959, 1969, the 1970s, to the national banks of the Republic of Turkey, Turkish 1994, 2000-2001), but it has risen, in the last decade, banking system improved itself with structural to rank 17th among global economic powers. changes and resisted roughest financial crisis. Neither text nor photographs from this publication may be reproDuced in full or part without acknowleDging the source and securing prior permission from the publisher. AUGUST 2018 ISSUE 61 The Turkish Perspective 3 Editorial İSMAİL GÜLLE CHAIRMAN (TİM) FOCUSING ON EXPORTS IS CRUCIAL FOR PARRYING THIS TURMOIL We are all witnessing the pressure on Turkey and our currency in the international markets. Both fnancially and politically Turkey is facing diffcult times for the last couple of weeks. SPECIALLY THE HIT ON TURKISH and create and unstable environment trap, is increasing our export value. ELIRA on 8th of August caused a in the market to freeze the business Turkey’s fnancial structure and huge volatility on Turkish Lira resulting operations. If we stop making new banking sector is far better than many almost a 30% fall out. investments or shrink our production, countries in the world. However we Regarding to the large corporate our economy will suffer a worse need to produce value added products debt payments for the incoming recession. Therefore the measures to increase our value per unit and to months of Turkish private sector, the taken by our ministries and other lower our trade defcit. Our capacity hit on Turkish Lira suffers the frms for public institutions, resulted positively utilization has reached %79 on average making new investments. Therefore our with stabilizing Dollar – Lira parity in 2017. This means it is too hard for us Banking Regulation and Supervision on 6 Liras average. It is important to step forward in international trade Agency relieved the sudden pressure on protect stability of our local currency with the same old production strategy. lira with putting restrictions on dollar- to continue our trade relations while Therefore we need to transform our lira swaps actions to make it harder to to continue with new investments on production on value added products. bet against Turkish Lira. value added products. As TIM we will continue to support the Within the following week, as the In every platform, I underline that projects on R&D, design, education and administrative board of TİM, we also the only way out of middle-income branding. decided to allocate our reserve funds to Turkish Eximbank for the use of exporters not to face the risk of being in a hard situation regarding to the volatility in Turkish Lira. Moreover, Ministry of Finance announced that Turkish Banks will continue to provide commercial credits to the companies who suffer the speculative boost of US dollars against Lira. Also Ministry of Technology and Industry announced, they will continue to support the investments on R&D and Design projects of SME’s. As an addition, they will also support the investments which directly related to exports. These policy actions relieved the market and lowered USD from its peak level. This kind of speculative attacks supposed to depreciate the value of Lira The Turkish Perspective 5 Content: Investment Drive to Continue P05 Great Increase in Steel Export P06 Production Facility in Turkey by Bosch P07 Boosting Renewable Power Generation P08 Tailor-made Strategies from Turkey P09 Super Incentive for TF-X Project P10 Editor: Ramazan Güzyurdu First DEFENSE, EXPORT, ENERGY, BUSINESS, ECONOMY, TOURISM, EXPORT, AUTOMOTIVE, TECHNOLOGY... President Recep Tayyip TURKEY Erdoğan unveiled the 100-day action plan at an event at the Beştepe Erdoğan’s frst 100-day plan: People’s Culture and INVESTMENT DRIVE TO CONTINUE Convention Center. The action plan for the frst 100 days of the new Cabinet includes 400 projects to be accomplished with a budget of TL 46 billion in diverse sectors including energy, tourism, fnance, transportation and agriculture.
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