''Confidence in Turkey High'' Says Turkish FinMin
Turkish Finance Minister Mehmet Simsek.
updated 9:35 AM UTC, Aug 5, 2025
Only Greek-Turkish Bank in the US, Fort Lee Bank Failure Costs FDIC $14M
The failure of Fort Lee Federal Savings Bank, New Jersey's first bank failure of 2012, will cost the Federal Deposit Insurance Corp. about $14 million. Of the five banks to fail statewide since the start of the financial crisis in 2008, that sum is the smallest yet. 2011's failure of First State Bank in Cranford at $45.8 million was the most expensive for the FDIC, among the New Jersey insolvencies. And smaller, of course, is better for managers of the fund that backs customers' deposits up to $250,000. The organizers of Fort Lee Federal Saving Banks were Haralambos S. Kostakopoulos, Yasemin K. Kostakopoulos, Douglas J. Cestone, Paul Oesterle and Anthony J. Sansiveri. The organizers submitted the bank application on June 16, 2000. Kostakopoulos couple was known their support to Turkish American community. U.S. Government Delegation to Travel to Turkey and Jordan
On January 23-31, 2013, the U.S. Department of State and U.S. Agency for International Development will send a delegation of senior U.S. officials to Turkey and Jordan. Throughout the trip, the delegation will meet with senior government and humanitarian officials, the Syrian Opposition Council and others to discuss the humanitarian situation in and around Syria and ways the United States can provide additional support. Idaho's Congressional Members Try to Give Chobani A Boost through USDA Guidelines
Washington, D.C. – Idaho Senators Mike Crapo and Jim Risch and Congressman Mike Simpson are asking the U.S. Department of Agriculture (USDA) to recognize Greek yogurt under their MyPlate nutrition guidelines. In a letter to Secretary Vilsack, they point out that Greek yogurt has twice the protein and more calcium than regular yogurt, and is low in fat. Basoglu Cable and Profile Looks For Opportunities in the US Market
Basoglu Cable and Profile looks for opportunities in the US market. Atahan Cilasin, assistant of international sales manager of Basoglu Cable, paid a visit major US cable companies to introduce Basoglu's products to U.S. market. Cilasin visited Turkish cable companies Sark Wire in Albany and CN Wire in Connecticutt, Wesco in Pittsburg, (PA), Anixter, which has the biggest market share of US market with 29 percent, in Glenview (IL). Six Turkish Americans Named to International Advisory Board
Adem Buyukacar, TACC Secretary General, Ali Cinar, President of Federation of Turkish American Associations, Dr. Faruk Taban, President of Turkic American Alliance, Ergun Kirlikovali, President of ATAA, Mehmet Celebi, President-Elect of ATAA, Mehmet Durmus, VP of FTAA, Prof. Dr. Haluk Unal, Professor of Finance, at the Robert H. Smith School of Business, University of Maryland and Sevil Ozisik, Managing Partner of Tooma & Ozisik LLP, has been selected to serve on Turkey's "Overseas Citizens Advisory Board," a prestigious international advisory panel. On December 28, 2012, the Turkish Prime Minister's office approved the Advisory Board members' selection after a 15-month review process of a significant number of Turks of varied backgrounds who are leaders and experts in their respective fields. TCA Named Fourth Largest Sponsor of Congressional Travel in 2012
Today, Roll Call recognized TCA as the fourth largest sponsor of Congressional travel in 2012 following the American Israel Education Foundation, The Aspen Institute and the Congressional Institute. Since 2009, TCA has sponsored 15 trips and taken nearly 150 members of Congress and senior staff to Turkey and its neighboring countries to educate Congress on the importance of a vibrant U.S.-Turkey relationship and to bring balanced dialogue to key issues on Capitol Hill. NASA's Commercial Crew Partners Set for Further Tests in 2013
NASA and its commercial partners are rapidly working towards late-stage spacecraft development tests in 2013, according to an update delivered by the various companies late last week. Calling 2012 "an unbelieveable year for the commercial crew program", NASA commercial crew manager Ed Mango pointed out that the program is more than meeting expectations. Canada Eases Turkey's Refugee Problem
OTTAWA - Canada will take 5,000 refugees off of Turkey's hands over the next five years and resettle them in this country. Immigration Minister Jason Kenney made the announcement Tuesday while in the Turkish capital Ankara. "With escalating violence in the region, more people are seeking protection in Turkey, and our commitment to resettle 5,000 mostly Iraqi and Iranian refugees in Canada will help Turkey deal with this growing pressure," Kenney said in a statement.
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Turkey-Canada Trade Relations
TORONTO- Turkish tradesmen explore new destinations and Turkish exportation focuses on North America, says executive director of TCCC. Enes Kula, the Executive Director of Turkish Canadian Chamber of Commerce (TCCC), has stated that the trade figures between Turkey and Canada have changed in favour of Turkey after a long time. Also being the Toronto investments region representative of Business Development Bank of Canada (BDC), Kula assessed the trade relations between Turkey and Canada and informed AA. Kula stressed that Turkish tradesmen started to succeed more in trading lately and said, “Traders in Anatolian part of Turkey produce, sell and export now.”More...
Muhtar Kent Has a New Role for Turkish Diaspora
ANKARA AA - CEO of the Coca-Cola, Kent said, it was important to hold a strong diaspora strategy to spread Turkish lobby abroad. Chairman and CEO of the Coca-Cola Company, Muhtar Kent said that it was important to hold a strong diaspora strategy to spread Turkish lobby abroad. Turkish-American business executive Kent spoke to AA after being elected as a honorary member of Turks Abroad Advisory Board. Kent described his new role and said, “I thank our Prime Minister Recep Tayyip Erdogan for handing me over this role. As always, civil society and the state have to work in cooperation in the scope of bringing Turkey to higher positions that it deserves and to answer the questions of Turkish citizens who live abroad.” Kent added that Turkey is a growing brand and said, “We have to spread Turkish lobby abroad. We have to pay high attention to make Turkish diaspora to become one of the most affective diaspora in the world with continuous diaspora strategies. We need to give a helping hand to Turkish entrepreneurs who are all over the world.” Turks Abroad Advisory Board will be holding its facilities under a government department which was established a few years ago to focus on Turks living abroad. The Board will become active and hold services in 2013 in the scope of assessing the problems of Turks living abroad and its coordination. Reporting by Ali Ozturk / AA
Turkish-US Partnership in Locomotives Production
ESKISEHIR - CEO of GE Transportation praised the product made in Turkey: “The most modern” Lorenzo Simonelli, the President and CEO of General Electric (GE) Transportation said annually there are 3500 to 4000 locomotive sales in the world. Simonelli replied the questions of reporters in Eskisehir where he came for the publicity and customer-supplier meeting of “PowerHaul locomotive” which was produced by the strategic cooperation agreement between General Electric and Turkey Locomotive and Motor Industry A.S. (TULOMSAS).Comodo Launches Groundbreaking 2013 Internet Security
Clifton, NJ, January 09, 2013 — Comodo, one of the leading certificate authorities and Internet security organizations, recently announced the release of its Internet Security 2013 software. Comodo® Internet Security 2013 (CIS 2013) delivers malware prevention that is unmatched in the industry and backed by Comodo's $500 Virus-Free Guarantee, an industry first. CIS 2013 assures protection of computers against viruses and malware through Comodo's innovative Default Deny Protection™. Unlike many Internet security vendors, Comodo's solutions do not rely solely upon blacklisting known threats from executing on a computer. Blacklisting can only protect computer users from known threats and therefore cannot protect users from unknown or recent malware threats. Chobani Greek Yogurt to be Served at Presidential Inauguration
(WBNG Binghamton) U.S. Senator Charles E. Schumer announced that Chobani Greek Yogurt, founded and produced in Chenango County, will be served throughout the Capitol to special guests before the start of the 2013 Inaugural Ceremonies. Schumer, Chair of the Joint Congressional Committee on Inaugural Ceremonies, said Chobani will provide vanilla and plain yogurt to be served with strawberries, pineapples, pears and granola toppings to Inaugural guests, including the President, the Vice President and their families. 
