Log in

The Turkish Staff of World Bank and IMF Joined Forces

Demet Cabbar – Washington, D.C. -
It was a cold winter afternoon in Washington, DC.  Thousands of World Bank and IMF Staff members had gathered at the Atrium of the World Bank headquarters to see performances from around the world and to celebrate the cultural diversity of the staffs in these organizations.

Financiers Desperately Seeking Synergy

The Institute for International Education recently announced that there were 11,600 Turkish students studying at American universities in the 2005-2006 school year. Although this was a decrease from the 12,500 students of the previous year, Turkey still ranks as eighth in the world in the amount of students it sends to study in the US.

Sending Hope to Anatolia

One day a lawyer, a company manager, and a businessman sat down together and contemplated how to tackle the lack of books for students in public schools throughout Turkey. In their spare time they formed the Bridges of Hope Project Foundation in November 2005 and in the past two years have provided 11,000 public boarding school students with 16,000 books.

American Capital in Motion

In January, 2004, companies with US capital in Turkey formed an association to foster better cooperation. Since then, the American Business Forum in Turkey (Amerikan Şirketler Derneği), with the support of the American Commercial Attaché, has reached 57 members. Considering that the number of American companies operating in Turkey is 220, this is a remarkable achievement for its first year.

Turkish Builder Launches Major Macedonia Project

Image SKOPJE, Macedonia (AP) - Ibrahim Cevahir, Turkish investor and owner of 'Cevahir Holding', speaks during a cornerstone ceremony for construction of four skyscrapers and shopping mall, in Skopje, Macedonia, Monday, July 16, 2012. The construction site that measures about 280.000 square meters (3.000.000 square feet) will consist of four towers with 42 floors each 130 meters (427 feet) tall with business space, shopping mall, and providing residence to 5,000 people. This is the largest construction of residential buildings ever launched in Macedonia worth euro 300 million (367 million US Dollar) and will be completed in three years by Turkish company 'Cevahir Holding'.

Turkcell Confirms: Bulgaria's Vivacom Sale Failed

Image The creditors of the Bulgarian telecommunications operator Vivacom have given up on its sale, Turkish mobile phone operator Turkcell, which had emerged as the preferred buyer, announced, confirming earlier media reports. "We received an official letter informing us that the sellers of BTC have aborted their efforts to find a buyer. Turkcell will continue to evaluate acquisition opportunities for similar buyouts," Chief Executive Officer Sureyya Ciliv said at a press conference.

Foreign investments by Turks Reach $25 Billion in 10 Years

Image Some 165 local businesses invested $5.3 billion in the Netherlands between 2000 and 2010, making the country the top destination for the Turkish investments abroad. Turkish businessmen have invested the highest amount of money in the Netherlands during the first 10 years of the new millennium, according to a report derived from official data by the Confederation of Businessmen and Industrialists of Turkey (TUSKON).

Subscribe to this RSS feed