TURKISH HEALTH MINISTER PROF. DR. RECEP AKDAĞ’s PRESENTATION 13 Nov
Prof. Dr. Recep Akdağ, Minister of Health Turkey was the guest speaker at the TBCCI business briefing on November 13, 2007. The Minister said that the 70 000 bed capacity needed for Turkish hospitals would be provided with the Public Private Partnership model used in the UK, and for further improvements in the health services, administrative barriers would be reduced. He added that irrespective of the rehabilitation progresses in health services, increase in the number of doctors was a paramount issue. The minister met his counterpart UK Health Minister Alan Johnson. Click here for photos.
FORTHCOMING CHAMBER EVENTS
Careers Evening Wednesday, 28 November 2007
In association with the Anglo-Turkish Association of Academics & Professionals (ATA) and the Turkish Society London School of Economics.
Speakers from Finance, Law, Architecture and other areas, Work permit, Recruitment process, meeting with employers and graduates.
2012 Olympic Tenders, Wednesday, 12 December 2007
A seminar on the Tender Procedures for the 2012 London Olympics by The Innovatory, member of the TBCCI.
For more information or to register, click on an event name. 2008 TBCCI Events and conferences will be announced in the December edition of the Newsletter. To view past events, click on Past Events
NEWS IN BRIEF
TBCCI Health & Safety services
The TBCCI, in association with the Essex Chambers of Commerce, will launch in January 2008 a new custom built ‘Health & Safety Online Course’ in both English and Turkish language versions.
Turkey: Nuclear Energy
As an energy provision initiative, the Turkish parliament passed a bill this month for the establishment and operation of nuclear power plants and the sale of energy in Turkey. Turkish Electricity Trade & Contract Corporation (TETAS) will open a tender for construction of nuclear power plants.
Calvin Klein Jeanswear
President and CEO of Calvin Klein Jeanswear Europe Gaetano Sallorenzo said their company's global annual turnover exceeds $6 billion in a wide range of clothing and accessories, 30% of their production being made in Turkey.
‘Banking on Turkey’ Conference 15 November 2007
A full day conference on ‘Banking on Turkey’ organised by FT Global Events in association with the TBCCI was held on 15 November 2007 at One Whitehall Place, London. To view the presentations given at the conference, click here.
Turkish Wine Tasting
A Turkish Wine Tasting event was held in London on October 15, 2007, hosted by TasteAnatolia magazine in conjunction with the Turkish Ministry of Culture and Tourism, bringing together the leading wine producers of Turkey with the British wine press, wine merchants and wine experts. Click here for details and photos.
Turkish Banking
According to Turkey's Banking Regulation and Supervision Agency BRSA (Bankacılık Düzenleme ve Denetleme Kurumu BDDK), about 46% of total banking sector assets in Turkey are now partially owned by foreign investors; this ratio being 8.1% for assets wholly owned by foreign investors. Less than 50% of total banking assets in the Turkey are held by domestic investors. Tayfun Bayazit, Chief Executive Officer of Yapi Kredi Bank, Turkey's fourth largest privately-owned commercial bank by asset size, said that supervisory standards and risk regulations brought in by BRSA have improved substantially and that international players that have expedited the process. Change in the Number of Banks and assets over the last 6 years:
| Source: BRSA |
2001 |
2006 |
| Number of Banks |
61 |
47 |
| Assets ($ billion) |
117 |
357 |
Trade Logistics
The World Bank has produced a study on comparative analysis of logistics performance of exporting-importing countries, referring to criteria such as the time taken between the submission of an accepted customs declaration and customs clearance, from shipper to port of loading, from port of discharge to consignee, from port of discharge to consignee, and total cost to transport and port services. To view the report, click on WorldBank Trade Logistics Report
Registration of Medicines and Medical Equipments in Turkey
All medicines and medical equipments including active implantable medical devices introduced into Turkish domestic market shall be registered with the national database from 1 January 2008 by the ordinance of the Turkish Ministry of Health. In order to register a medicine/device, the distributor is required to provide the Global Location Number (universal bar code) obtained from the Producer (not from the importer or the distributor). For further information, you can contact the Turkish Embassy Office of the Commercial Counsellor ( dtlon@turkishtrade.org.uk ).
Denton Wilde Sapte extends to Algeria
Denton Wilde Sapte, member of the TBCCI, has extended its African associate network to Francophone Africa with the addition of Algerian law firm, Cabinet Hadj-Hamou et Djouadi becoming amongst the first UK law firms to create a formal association in Algeria. Denton Wilde Sapte’s African network comprises associate offices in Botswana, Ghana, Mauritius, Tanzania, Uganda, and Zambia, as well as an office in Cairo and a liaison office in Johannesburg
UK-TURKEY TRADE DATA: SEPTEMBER 2007
In September this year the trade volume between the UK and Turkey increased by 22.0%. In the 9 months cumulative January-September period, the increase was 17.1%.
| ($ Million) |
Sep 07 |
Sep 06 |
Change |
| Import |
788.1 |
600.2 |
31.3% |
| Export |
435.1 |
402.3 |
8.2% |
| Total |
1,223.3 |
1,002.6 |
22.0% |
| ($ Million) |
Jan - Sep 07 |
Jan - Sep 06 |
Change |
| Import |
6,096.6 |
4,821.4 |
26.4% |
| Export |
3,926.3 |
3,740.1 |
5.0% |
| Total |
10,022.9 |
8,561.5 |
17.1% |
Import: UK imports from Turkey
Export: Exports from the UK to Turkey
Source: Turkish Statistical Institute |
