Union of Chambers and Commodity Exchanges of Turkey

Kahramanmara?-based Maren Mara? Elektrik in southern Turkey has been named the fastest growing company in Turkey with a growth rate of 8,754 percent between 2011 and 2013 in a national ranking made by the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

The company, owned by Kipa? Holding, mainly focuses on geothermal energy.

Turkey?s tax procedure code has been revised and will be in effect soon, said Finance Minister Mehmet ?im?ek. 

?We are about to finalize our revision on the drafted code. The number of articles has decreased from 521 to 321 in the Turkish tax procedure law thanks to the revision, which started two years ago,? ?im?ek said. 

Any possible early elections would coincide with the G-20 annual meeting in Turkey, to which the representatives of the 85 percent of the world economy will attend, according to the head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarc?kl?o?lu. 

A coalition government must be established immediately to revise the growth strategy of Turkish economy, which has made no headway for the last six years due to the problems with this issue, said head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) on June 25. 

Turkey reaped the benefits of the reforms it undertook in 2000 for ten years and with the help of the global climate, reached high growth rates. Yet, for the past three or four years, there has been a stagnant economy; it has fallen in the middle income trap and serious changes are required to reach high growth rates again.

Syrians started-up 32 percent of the total number of new companies established in Turkey by foreigners in the first four months of this year, according to data from the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

In its latest report on employment trends, the Union of Chambers and Commodity Exchanges of Turkey's (TOBB) ETÜ Social Policies Research Center (SPM) has addressed the 26 consecutive months of rising unemployment in the country. 

The center forecasted the unemployment rate to remain at above 11 percent in February 2015, for which the official data will be announced on May 15. 

The Turkish economy has recently slowed down and many businesspeople have experienced problems in cash proceedings and check clearing, Union of Chambers and Commodity Exchanges of Turkey (TOBB) head Rifat Hisarc?kl?o?lu has said. 

Ankara's press freedom violations are known, but only few people could guess that not even one hand would be raised in an impromptu roll call in defence of the country's record at a meeting participated by the Turkish economy tsar and scores of businessmen who have in close relationship with the government.

Turkish Prime Minister Ahmet Davuto?lu has accused the main opposition of resorting to "populism" with ambitious electoral promises, while the Republican People's Party (CHP) chairman Kemal K?l?çdaro?lu slammed the government for "unconscientious growth."