Project to generate $4 billion in exports, Turkish ambassador to Uganda says.
ECONOMY2015 12 03
Turkish brands seek expansion in Cambodia
20 Turkish companies part of Istanbul Chemicals and Chemical Products Exporters’ Association.
Turkish cosmetics brands looking to push further into the Southeast Asian market have met in the Cambodian capital, an embassy official said Wednesday.
Recep Eris, the second secretary for the Turkish Embassy in Phnom Penh, told Anadolu Agency that the 20 Turkish companies are part of the Istanbul Chemicals and Chemical Products Exporters’ Association.
The companies’ 29 Turkish representatives met with officials from about 80 Cambodian companies Tuesday “to get acquainted with each other”, Eris said, adding that as of yesterday, he had not received word of any formal agreements being inked.
“They told me they have businesses in Vietnam and Thailand, so they are familiar with this market and they are trying to explore more markets,” he said.
In October, Eris told Anadolu Agency that another Turkish electrical services association also held a meeting in Phnom Penh a few months ago to explore business opportunities here.
In February, Turkish Ambassador Ilhan Tug said bilateral trade between Cambodia and Turkey grew by $119 million to $124 million in the space of a decade, but that it is forecasted to rise to $500 million before the end of 2020.
A joint economic commission was also set up that month by Cambodian Commerce Minister Sun Chanthol and Turkey’s Minister for Science, Industry and Technology Fikri Isik, but a planned joint business council has yet to be established.
Deficit drops 40 percent in October from previous year, TurkStat reports.
Only 36 percent of Turkish people currently own a vehicle, this indicates an important growth opportunity in the automotive industry in the coming years, experts say.
Head of Banking Regulation and Supervision Agency says there is need to change rules governing 'participation banks'
Three-day summit to host 150 female entrepreneurs from 35 countries.
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Care for Pregnant Women Under Risk
12.275 women benefited from the "guest mother" program, which provides care to pregrant women under risk in health centers before delivery.
World Leader in Transit Passengers
Carrying 18 million passengers in the Asia-Europe transit corridor in 2010, Turkey saw the highest increase in transit passenger numbers in the world.
5000 more licensed tourist guides
The number of licensed tourist guides has risen to 12,517 in 2010, from 7,658 eight years ago.
Scholarship to Returning Academics
The Scientific and Technological Research Council of Turkey now offers 3. 250 TL monthly scholarship to returning academics who complete their Ph.Ds abroad.
From Electricity Importer to Exporter
Turkey increased electricity production from 31 thousand to 45 thousand megawatts in ten years and started selling electricity to Georgia, Syria and Greece.
Government Takes Care of Traffic Accident Victims
The government now covers all medical expenses of those injured in traffic accidents.
Record Growth in Technology Sector
The Turkish technology sector grew 19.4% in 2010, closing the year with 17.5 billion TL revenue.
Double-lane roads save 1525 lives
The number of people who were killed in traffic accidents dropped to 4,041 in 2010 from 5,566 in 2000 thanks to 13,500 more kilometers of double-lane roads, which saved 1,525 lives a year on average.
- Turkish economy grows 8.8% in Q2
- First Turkish built helicopter takes test flight
- Turkish field hospital gives life in Somalia
- New high-speed train line launched
- Turkish-made cabs in New York streets
- Control your computer without mouse or keyboard
- First Turkish observation satellite launched
- Turkey wins first-ever world title in volleyball
- James Bond to be shot in Istanbul
- Turkish swimmer sets new world record
First step for Turkish fighter jet
Feasibility works have been launched for first Turkish fighter jet planned to be completed by 2023, the centenary of the Republic of Turkey.
Safranbolu Houses, featured in the UNESCO World Cultural Heritage List, are being restored by the Housing Development Administration of Turkey.
Every student has Internet Access
Every school in Turkey now has ADSL internet connection.