İTO’s new President Avdagiç said: - “Our projects will strengthen our 400,000 members and will serve as a main pillar for our bright future, under the leadership of His Excellency President Erdoğan.” - “We have many purpose-designed projects at hand, all set to play a key role in Turkey’s development. And we have no time to waste.” Şekib Avdagiç is the new President elect of the Board of İstanbul Chamber of Commerce (ICOC), the industry organisation representing one in every four businesses in İstanbul. 261 ICOC Councillors from 81 professions cast their votes on April 14, 2018 at the Eminönü Headquarters of ICOC, electing Şekib Avdagiç as the 24th Board President of the 136 year strong ICOC. President Avdagiç’s new Board consists of the following names: İsrafil Kuralay, Servet Samsama, İbrahim Doğan Salman, Dursun Topçu, Ahmet Özer, Yakup Köç, Burhan Polat, Levent Taş, Bahadır Yaşık, Adil Coşkun. A PILLAR OF TURKEY’S BRIGHT FUTURE UNDER THE LEADERHIP OF PRESIDENT ERDOĞAN After announcement of the election results, ICOC President Avdagiç said in a speech addressed to the Councillors: We have a brand new road ahead of us. Our projects will strengthen our 400,000 members and will serve as a main pillar for our bright future, under the leadership of His Excellency President Erdoğan.We have many purpose-designed projects at hand, all set to play a key role in our country’s development. And we have no time to waste.” Avdagiç also thanked in his speech all stakeholders who have wholeheartedly supported his candidacy, including the members of ICOC, NGOs, and industry representatives. Avdagiç said:“Many colleguaes and friends stood with us during this period, and put in their efforts supporting us. I would like to take this opportunity to thank each and every one of them.” ‘WE ARE HERE TO ENHANCE THE BRAND VALUE OF İSTANBUL’ President Avdagiç said: “ICOC is a member of “Team Turkey”, striving to further Turkey’s efforts in its vision to be a leader in this new conjuncture, as borders are redrawn and the rules of the game are rewritten. We are here to enhance the brand value of İstanbul and to strenghten the bridges connecting Turkey to the rest of the world.” Avdagiç stated: “We stand against the currency manipulations with our commercial stamina. We are here to break free from interest rate shackles with our production competencies. We have a national perspective and take it upon us to support development through local manufaturing. That is also why ICOC for us is a century old refuge powering up the business world. Your complaisance for myself and ICOC puts the onus on us to rise up to the challenge.” İstanbul Chamber of Commerce is one of the top five industry organisations in the world by number of members and represent one in four businesses in Turkey. ICOC member businesses contribute %28 of GDP, 43% of tax revenues, and more than 50% of foreign trade.

03 Mayıs 2018 Perşembe

ADEM ORHUN / ISTANBUL COMMERCE FUJIFILM CHOOSES İSTANBUL FOR ITS INNOVATION HUB Fujifilm has established its sixth Open Innovation Hub in İstanbul. The aim is to further enhance the scope of its comprehensive technological infrastructure (currently covering a wide range of areas including photography, medical, graphic systems and industrial products) to a wider domain. The Fujifilm hubs already operational in Japan, the USA, Holland, Spain and the UK. Fujifilm Turkey, being the managerial head-quarters for the Fujifilm’s operations in 15 countries, including Kazakhstan, Uzbekistan and Azerbaijan, is now positioned as an ‘innovation hub’. The Open Innovation Hub of Fujifilm will serve the development of various technologies based on ideas originating from Caucasian, Central Asian, Balkan, Middle Eastern and African countries as well as Turkey. 7 percent of the overall annual global turnover of Fujifilm is derived from R&D operations. BASF MANAGES ITS OPERATIONS IN 79 COUNTRIES THROUGH ITS HQ IN İSTANBUL World-renowned chemistry corporation BASF conducted its first sales in Turkey in 1880. It has 800 employees in its Turkish office and production facilities in Dilovası, Çayırova, Gebze, Trabzon and Adana. With 100 thousand staff members globally in a broad range of fields extending from plastics to performance products, plant protection products to oil and gas, BASF Turkey has a fairly strategic position as the HQ in İstanbul also manages BASF’s operations in some 78 countries, including the Russian Federation, Turkic Republics, the Middle East and Africa. CHINA-BASED ZTE ACQUIRES NETAS STOCKS Chinese telecom equipment manufacturer ZTE has acquired Netas, a pioneer player of digital transformation in Turkey. ZTE aims to position Turkey as a regional hub. The corporation, which offers its services to prominent companies from the public, telecommunications, financial and the general industries, enjoys leading position in system integration, software development, network hardware, software exports as well as installation, maintenance and support categories. HEADQUARTERS FOR BOSCH’S OPERATIONS IN THE MIDDLE EAST Bosch Group’s operations in Turkey commenced upon the establishment of a representation office in 1910. The group established its first factory in Bursa in 1972. Bosch Turkey currently maintains its operations in Bursa, Kocaeli, Manisa and Tekirdağ through 5 divisions, covering ‘Mobility Solutions’, ‘Energy and Building Technologies’, ‘Industrial Technologies’ and ‘Durable Consumer Goods’. The company is one of the leading technology and service suppliers with its 17 thousand employees, TRY12 billion turnover and exports amounting to TRY7 billion. Bosch Turkey has 4 R&D Centers located in Bursa, Manisa and Tekirdağ. The company has been managing its operations in 17 countries, including Turkey, through its headquarters in Küçükyalı, İstanbul since the beginning of 2015. PEPSICO TO ESTABLISH A NEW FACTORY IN ANATOLIA Turkey stands as a major market for PepsiCo thanks to its growing economy, strong financial structure, young and increasing population and well-educated human capital. The corporation, thus, continues investing in Turkey as proven by its third food production plant, the foundation of which was laid in Manisa last year. PepsiCo Turkey maintains its beverage production operations in İzmir, Çorlu and Adana, while its food production operations through 5 factories are based in İzmit and Tarsus. PIRELLI BASES ITS GLOBAL TIRE PRODUCTION OPERATIONS IN İZMİT Pirelli based its headquarters for the EMEA Region in Turkey, and appointed Turkish executives to the HQ in 2016. Türk Pirelli, which was established in 1960 as the first Turkish Tire Factory, released the first domestically produced tires, manufactured at its factory in İzmit, in 1962. Türk Pirelli Tires Factory in Kocaeli is the largest production facility of the group with 340 thousand square-meter area, and operates with an annual production capacity of 7 million tires. Formula 1’s official tire supplier Pirelli produces all F1 tires in İzmit. MOBILE GAMES LEADER EXPANDS TO EUROPE THROUGH TURKEY Globally renowned, prominent mobile game developer Netmarble Games Corporation expands its rapid growth to Europe through Turkey. Netmarble Turkey carries out the corporation’s operations in Europe, the Middle East and Africa. Established in Korea in 2000 and known widely for its Lineage 2: Revolution, MARVEL Future Fight, Seven Knights and Paramanya; Netmarble Games Corporation has become the fastest growing mobile game developer in Asia. BIOTECH LEADER ASSIGNS TURKEY CHAPTER THE RESPONSIBILITY FOR OPERATIONS IN THE MIDDLE EAST AND AFRICA UCB Pharma, which operates in the fields of neurology and immunology, has been carrying out activities especially in the field of epilepsy in Turkey since 1990 in addition to its global operations. The leading biotech corporation revised its organizational task descriptions at the beginning of 2017, according to which the Business Unit – based structure has been reorganized to operate through Patient Value Units, and UCB Pharma’s Turkey Patient Value Units have been assigned the responsibility to oversee operations in the Middle East and Africa. SOUTH-KOREAN SOFTWARE DEVELOPER BASES MEA HQ IN TURKEY South-Korean software developer TmaxSoft has based its MEA headquarters in Turkey in order to support the accomplishment of its global growth goals. TmaxSoft, now, manages its operations in the region, which encompasses Greece, Bulgaria and Romania amongst other countries, through its HQ in Turkey. On the other hand, the company’s operations in Turkish Republics are managed jointly through its offices in Russia and Turkey. Established in 1997 with a view to develop novel products as an alternative to the products of global leading software developers; TmaxSoft aims at expanding its organizational network to 42 countries by 2021. GSK CHOOSES İSTANBUL AS ITS PHARMACEUTICAL SUPPLY HUB Global pharmaceutics corporation GSK has taken significant steps to position Turkey as its regional hub of supply operations as it moved the headquarters of GSK MEA region, comprised of 30 countries, to İstanbul. The corporation, set up a new region of operations within its organizational structure, the MENA/CIS, to cover Middle East, North Africa, Central Asia and Ukraine in 2014, and incorporated the Russian Federation to the said region in 2015. GSK, then, acted to further integrate and optimized its market demand, inventory management and logistic distribution activities by way of a new operational model, where the Pharmaceutics Supply Chain headquarters in the Middle East and South Africa as well as the satellite operations in Karachi, Pakistan has been based in İstanbul. MAJOR PAYMENT SYSTEMS MARKET PLAYER MANAGES OPERATIONS IN 60 COUNTRIES THROUGH TURKEY Verifone, established in the USA in 1981 and reputed for its innovations in the payment systems market, manages its operations in more than 60 countries spread over Southeast Europe, the Middle East and Africa through Turkey. Verifone, with its 5 thousand employees and roughly USD2 billion turnover, is referred to as a payment systems industry giant. The corporation has been active in Turkey through its own office for 10 years. Verifone Turkey is one of the 5 regional headquarters of the corporation, which operates through nearly 30 million installed devices and terminals in over 150 countries.

02 Şubat 2018 Cuma

SOYHAN ALPASLAN / ISTANBUL COMMERCE The world’s major national and international leading industrialists have been collaborating with the members of İstanbul Chamber of Commerce (ICOC) for 27 years. Hundreds of global brands operating in a variety of industries such as Mercedes, Bosch, John Deer, Toyota, Schineder Electric, Aselsan, Havelsan, Roketsan, Turkish Airlines, Continental, Siemens and Hitachi continue procuring goods from the members of Turkish Subcontracting and Partnership Exchange (TSPX), on a subcontract basis for specialized manufacturing purposes and producing for third markets through partnerships. COOPERATION WITH THE UN Founded within the organization of İstanbul Chamber of Commerce (ICOC) in 1990, in cooperation with the United Nations Industrial Development Organization (UNIDO); TSPX has been matching its members with the world’s largest international and Turkish industrialists for procurement and cooperation purposes since 2003. BRINGING 30 LEADING INDUSTRIALISTS EACH YEAR The exchange on average brings 30 global industrialists to İstanbul, Turkey each year, which enables local subcontractors to introduce themselves and establish cooperation for production and solution partnership purposes. Corporations such as Türk Traktör, Anadolu Isuzu, Arçelik, Bosch, TAI, Siemens, Hitachi and Emerson have been and remain to be the regulars of the Supplier Days events organized by TSPX. 3,500 SUBCTONTRACTOR MEMBERS TSPX, which also fulfills requests of national and international industrialists for bilateral meetings, organizes Supplier Days, where businesses are offered the opportunity to have one-on-one contacts with subcontractors and solution partners. The exchange, which operates to enable its members to gain access to overseas markets and grow their export volumes, offers these services on a free of charge basis. TSPX’s database has 3 thousand 500 subcontractors and solution partners nationwide. EXCHANGE’S DATABASE TSPX’s database, which has been created as a result of extensive surveys and studies regarding subcontractors, is a comprehensive database, in which the respective industries, scopes of operations, product ranges and production processes of the members are classified, using the internationally recognized codes (NACE, ECC-A and EEC-B). EXPORTERS ACCOUNT FOR 91 PERCENT Some 91 percent of TSPX’s members are exporters, which sell 40 percent of their production to European countries. The members’ second most frequent export destination is Asia, which is followed by Africa, North America, South America and Australia, respectively. 75 PERCENT OF DEMAND IS FROM ABROAD TSPX continues matching the demands from national and international global industrialists with the supplies of its respective members. Some 75 percent of the demands filed with TSPX, which matches nearly 3 thousand 500 demands, originate from overseas. HELPING OTHER EXCHANGES TSPX provides technical support and consultancy to exchanges in China, Ghana, Qatar, Iran, Iraq and Cameroon as part of the cooperation agreement signed with UNIDO. TSPX also has ongoing cooperation engagements and arrangements with consulates, offices of commercial counselors, international chambers of commerce, foreign trade development offices, Turkish diplomatic missions, associations founded abroad by the members of Turkish business society, ASCAME and Eurochambres. COOPERATION WITH 35 FOREIGN EXCHANGES TSPX operates in cooperation with 35 foreign subcontracting and partnership exchanges worldwide, including those in Argentina, Bolivia, Brazil, Algeria, Czech Republic, China, Ecuador, Morocco, France, Ghana, Guatemala, India, Iraq, Iran, Cameroon, Qatar, Kenya, Colombia, Costa Rica, Cuba, Madagaskar, Mauritius, Mexico, Paraguay, Peru, Russia, Senegal, Sri Lanka, Saudi Arabia, Chile, Tunisia, Uruguay, Jordan, Venezuela and Vienna. ICOC MEMBER IS AWARDED CERN CONTRACT Albaksan Alaşımlı Bakır A.Ş., a member of Turkish Subcontracting and Partnership Exchange (TSPX) of İstanbul Chamber of Commerce (ICOC), has become the second Turkish company to be awarded a contract of the European Organization for Nuclear Research (CERN). ICOC’s CERN Liaison Office has been relaying information to companies in TSPX’s database about the procurement contract tenders of CERN, worth around CHR200 thousand. TSPX’S MEMBER PORTFOLIO The member portfolio of TSPX is comprised of enterprises operating in metal, plastics, electricity, electronics, casting, forging, machining, pressing and forming, construction, welding, powder metallurgy, mold manufacturing, automotive and white goods side-industries. ICOC SUPPLY OFFICE ICOC set up ICOC Supply Office in 2017 in order to further expand TSPX’s success to wider range of industries. The office has organized industry-specific supplier days in Turkey’s stronghold industries such as cosmetics, furniture, lighting, home textile, decoration and carpet. This meant new business connections for the likes of Migros, Watsons, Gratis, Tekin Acar, Rossman, Migros, Ikea, Koçtaş, Mudo, Tekzen, Siemens and Kingfisher and successfully concluded deals with international businesses. POTENTIAL PURCHASERS Peugeot (France), Lear (Germany), Magna (Austria), Bosch (Germany), Hitachi (Japan), Bomag (Germany), Hydac (Germany), Mtu (Germany), Legrand (France), Miele (Germany), Schott (Germany), Schneider Electric (France), Hitachi Europe (Japan), Continental (Germany), Schaeffler (Germany), Autoliv (Sweden), Canon (Japan), Munters (Sweden), Toyota (Japan), Türk Traktör (Turkey), Gates Powertrain (Canada), Bosch Rexroth (Germany), Alarko Carrier (Turkey), BSH (Turkey), Anadolu Isuzu (Turkey), Hyundai Mobis (South Korea), Festo (Germany), Emerson (USA), Havelsan (Turkey), Aselsan (Turkey), THY Tehnic (Turkey), Roketsan (Turkey), TAI-Tusaş (Turkey), İSKİ (Turkey), Metro İstanbul (Turkey), TCDD (Turkey), Alstom (France), İDO (Turkey), Otokar (Turkey), Siemens (Germany), Anadolu Isuzu (Japan-Turkey), Anadolu Motor (Turkey), Vgv Srl (Italy), Ford Otosan (Turkey) , Hitachi Zosen Inova (Japan-Switzerland), Linde Opsan (Germany)

02 Şubat 2018 Cuma

İSTANBUL’S COMMERCIAL MEMORY Turkey’s most modern and largest commercial archive, which has been established by İstanbul Chamber of Commerce, is in place to preserve the city’s 136 year old commercial history. ICOC Archive, which contains more than 10 million documents from 1 million and 500 thousand companies, is a trailblazer in its field for its filing system, security and technology. İstanbul Chamber of Commerce (ICOC) brought into service a modern archive. The Chamber has eliminated another obstacle in commerce through ICOC Archive, where millions of documents from 1 million and 500 thousand companies. The merchants or public entities, which are in need of manually signed original documents and files aside from the archive kept electronically at ICOC’s premises, can, now, access such documents within a few minutes. The Archive, which is the first and the only address of İstanbul’s commercial memory, enables easy access to over 10 million documents. A MODERN ARCHIVE – SAFE AND SECURE A modern archiving system is employed at ICOC Archive, which has been developed and erected on a 1,810 square-meter closed area in Beylikdüzü, secured by 24/7 video surveillance. Protected against any kind of disasters; ICOC Archive is comprised of five floors of a volume of roughly 24 cubic-meters, 21 blocks and 9 thousand and 87 shelves. Some 1,700 sets of documents on average are moved per day to ICOC Archive from the Chamber’s center. 300 THOUSAND FILES RESTORED ICOC has been restoring some 300 thousand files dating back to 1882, from various companies, with a view to create a database. The restored files will shed light on a period of Turkey’s commercial history. The files of nearly 5 thousand boxes, which also include those issued in Ottoman Turkish, contain such details as the owners, shareholders and capitals of the companies. THE NEW COMPLEX WILL BE THE STAMPING GROUND FOR GLOBAL FAIRS ICOC has launched a new project, which will position İstanbul and Turkey as the largest fair organization hub of the region, and will carry the city to the top ranks in the global fair organization market. The World Trade Center (WTC) İstanbul exhibition grounds, located in Yeşilköy, will be expanded into a modern trade complex. The tendering process for the first stage of the 205 thousand square-meter project is complete and will entail a 60 thousand square-meter exhibition area, 20 thousand square-meter foyer area and 30 thousand square-meters will be used as office space. The groundbreaking ceremony for the new WTC İstanbul exhibition grounds project is expected to be held shortly. The project, in ICOC’s 22nd President Çağlar’s words, is “a step that will carry the city to the top ranks in the global fair organization market.” THE PROJECT IS TO POSITION TURKEY AS A REGIONAL HUB FOR CULTURAL ECONOMY ICOC is launching Book City, a gigantic publication clustering project that will position Turkey as a regional hub for cultural economy. The preparatory activities for İstanbul Chamber of Commerce’s Book City project, which will ensure the centralization of the media and publication industry, are in progress. The culture of Bab-ı Ali (Sublime Porte), which has been the very heart of publication since the Ottoman era, is being revived through Book City project to be extended to reach larger audiences. The project, positioned nearby the 3rd airport, is envisaged to harbor all stakeholders of the industry from publishers to writers, newspapers to bookshops, and from printing houses to distributors. Three million square-meter project will be a publication clustering project that will position Turkey as a regional hub also in the field of cultural economy. The trademark ‘İstanbul Book City’ has been registered for the name of ICOC, and the project has already won Jeu d’Esprit Award as a part of 2017 AR Future Projects Awards at MIPIM 2017 Fair.

02 Şubat 2018 Cuma

İstanbul is a world class city of opportunities, competing successfully as one of the world’s top investment destinations. In this respect, Invest in İstanbul has been founded as the official organization, whose specific goal is to consolidate the investment support and promotion services in İstanbul. The platform is coordinated by İstanbul Development Agency in partnership with the Governorship of İstanbul, İstanbul Metropolitan Municipality, İstanbul Chamber of Commerce and İstanbul Chamber of Industry; aiming to promote İstanbul’s investment opportunities and assist international investors throughout all bureaucratic steps necessary for starting up their businesses in İstanbul. HASSLE FREE INVESTMENT Invest in İstanbul’s new office was opened in the landmark district Beyoğlu in June 2017. Operating on full confidentiality, this new organization’s services embrace not only the consultation and business facilitation practices but also handling of all the processes of starting a business via a single office. Apart from other investment promotion agencies, the handling of bureaucratic steps accompanied with direct submission of official documents distinguishes this brand new organization from others, in a hassle free way. WHY İSTANBUL A setting of majestic beauty, an enviable climate, and an unsurpassed quality of life... İstanbul is one of the most dynamic and diverse economies in Europe. No wonder İstanbul is a magnet for intelligent, talented people from around the world. Creative, entrepreneurial citizens make İstanbul an innovation incubator - a place where new ideas, products and services are born. İstanbul is Turkey’s economic center and has a thriving $449 billion economy. The city is committed to strengthening its trade and commerce worth $192 billion across the globe and rapidly transforming into a regional finance hub in the mid-run. CULTURAL HERITAGE Entrepreneurial activity is a crucial measure for Turkey as the country aims for a transition from an efficiency-driven economy to being an innovation-driven economy. İstanbul is, without question, a tantalizing market for entrepreneurship. Innovation is more than just a phenomenon in İstanbul: “It’s a cultural heritage”. İstanbulites have a strong need to express themselves and a long history of free thinkers conceiving the inconceivable. Patent applications per year have risen eighteen-fold when 2016 figures are compared to 2000 figures. Therefore, İstanbul naturally is the technological hub of Turkey, ranking 1st in every single category of patent applications, utility model applications, brand name applications and industrial design applications. The city captures almost 50% of Turkey’s total intellectual property application figures. For more information: www.invest.istanbul İSTANBUL’S ECONOMY ALONE IS LARGER THAN 130 COUNTRIES As Turkish economy grows with historic records, İstanbul acts as the engine of growth, having US$ 25k GDP per capita income which corresponds to more than two times of country’s average. Compared to 2001 level, GDP per capita in İstanbul has increased more than five fold. The foreign trade volume is approx. US$ 193 billion. TESTIMONIALS In just ten minutes Vicente Balbin, Chief Representative of Banco Sabadell (Spain): This is fantastic:, I received my residence permit in just 10 minutes! This is completely different than other Investment Promotion Agencies (IPAs).” A dreamland for culture lovers Nahed Garousha, Owner of Denizkızı Yachting (Egypt): I have come to Turkey, where I call a dreamland for history and culture lovers. However, the official documents were only in Turkish so I couldn’t fill in the forms. Thanks to Invest in İstanbul staff, the application documents were translated on behalf of all global investors who aim to invest in İstanbul. Single office is a great idea Dmitry Evdokimov, Deputy Consul General of Russia in İstanbul (Russia): This is an organization I have never heard before. Setting up a business via a single office is a great idea. Moreover, Russian investors that contact us will be directed to Invest in İstanbul. Since Invest in İstanbul is a governmental initiative, it is a great advantage for us and for the investors especially in terms of creditworthiness. HYBRID STRUCTURE Invest in İstanbul carries out its services with the cooperation of prominent partners in the city; among which are governmental bodies, local stakeholders and business & trade associations. This synergy will no doubt add value to the investment climate of the most prospective city of the world: İstanbul FIGURES IN İSTANBUL 8th Major European city regarding Business Friendlines (FDI Magazine- 2016) US $349 billion GDP(Brookings Institution) US $192 billion International trade volume (Turkstat 2016) 71k companies Dealing with international trade (Turkstat 2016) US $25k GDP per capita (Brookings Institution) 130 countries İstanbul’s economy is larger than approx. APPLYING FOR TRADE REGISTRY OF YOUR COMPANY In order to establish a company in Turkey, you should submit the memorandum and articles of association online at MERSISwhich is the central trade registry system. TRADE REGISTRY - HOW TO The following documents are required for registry application at the relevant Trade Registry Office ofİstanbul Chamber of Commerce(ICOC) which are located in Perpa, Kadıköy and Giyimkent: Notarized articles of association (four copies, one original) In case the foreign partner is a real person, for each real person shareholder, two copies of their passports In case the foreign partner is a legal entity, the required documents are: The Certificate of Activity of the legal entity designated as the shareholder issued by the relevant authority in the investor’s country. The certificate must bear information regarding the current status and signatories of the company. Resolution(s) of competent corporate organ of legal entity shareholder(s) authorizing the establishment; if there will be any specific condition for the prospective company to be incorporated (name of the company, field of activity, etc.) it must be stated in the resolution for the sake of clarity. In case a legal entity is going to be appointed as a member in the board of directors of the prospective company to be incorporated, the name of the real person who will act in the name of the legal entity and the legal entity board member’s appointment must be stated within the same or with a separate resolution for the sake of clarity. If the process is going to be followed by proxy, a notarized copy of a power of attorney authorizing the attorneys who will follow up the application before the competent Trade Registry Office and other official authorities in order to proceed with the application (where applicable). Notarized signature declarations (two copies) Notarized identity cards of the company managers (one copy) CONTACT TO ICOC All the necessary documents that are issued and executed outside Turkey must be notarized and apostilled or alternatively ratified by the Turkish consulate where they are issued. The original executed, notarized, and apostilled documents must be officially translated and notarized by a Turkish notary. For further information about the documents required to establish a brand and liaison office, please contact toİstanbul Chamber of Commerce. READY TO ASSUME A NEW TITLE: İSTANBUL FINANCIAL CENTER Over the past 15 years, İstanbul’s economy has experienced rapid structural change. İstanbul’s defining economic role has evolved from a service center to a dynamic urban center with strong, multi-faceted international connections that have strengthened dramatically with the rise of Turkey’s broad vision. İstanbul, located at the crossroads of East and West, is now transforming its features into an economic value and getting ready to assume a new title: İstanbul International Financial Center. İstanbul International Financial Center rises in Ataşehir, on the Asian side of İstanbul. The International Financial Center will position İstanbul as one of the main hubs of fund flows, globally. The center will not only increase the amount of global funds flowing to Turkey but also contribute to the further development of such ancillary lines of business as legal aid and consultancy and insurance.The global business cycle and Turkey’s recent performance clearly show that making İstanbul an international financial center with the joint efforts of the financial sector is a realistic vision.

02 Şubat 2018 Cuma