Matt Marshall (Venture Beat) Last week, I visited Turkey, and discovered what a lot of people are saying about this fascinating country: It’s the next developing hotspot for technology startups, especially for e-commerce. The sector is exploding: The Turkish e-commerce market hit $10.6 billion in the first six months of the year, compared to $16.3 billion for all of 2010. And after years of neglecting Turkey, U.S and other investors are now starting to flock there. Investment capital isn’t gushing full-bore yet, as investors assess this still-emerging market. But 2011 is the year when the spigot was first turned on.
Delivering a speech on talks, ASO Chairman Nurettin Ozdebir said that Turkey's imports from the United States had been 12.3 billion U.S. dollars and exports to the U.S. had been 3.8 billion USD in the last year. U.S. Assistant Secretary of Commerce Michael Camunez and accompanying delegation had a meeting with businessmen at Ankara Chamber of Industry (ASO) in Ankara on Monday, discussing renewable energy and energy productivity.
Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global brand valuation research. Turkey ranked 19th in a global list of countries with most valuable brands with a total value of 373 billion U.S. dollars, according to a global brand valuation research. The country ranked 10th in a similar list for European countries.
More than 2,500 Turkish entrepreneurs from 90 countries will attend the Congress to take place at the Lutfi Kirdar Congress and Exhibition Center. The World Turkish Entrepreneurs Congress, organized by the Foreign Economic Relations Board (DEIK) of Turkey, will take place in north-western province of Istanbul on November 18 and 19.
