Overwhelmed by the outbreak of the coronavirus pandemic, 2020 has been a year of change. As the global economy and trade turned upside down, production and lifestyles have been transformed severely. Yet, in countries that adopted the essential measures and conquered their fear, the economies started to recover as the production wheels turned.
Istanbul Chamber of Commerce published a book titled ‘Africa Innocence’ with over 250 photographs displaying the lives changing with the rise of hope and solidarity. Written in Turkish, English and French, the book enables the readers to discover Africa in the company of photographs.
Nowadays, the Formula 1 races are being carried out with vehicles equipped with state-of-the-art sensors and engines supported with electrical units. The team members identify the strategy according to the data transmitted through modern sensors even though most of the work still falls on the pilot’s part.
On account of the hygiene measures it adopted, Turkey was the safest destination of the Mediterranean hub last year, despite the pandemic. As a result of these efforts, 15 million tourists were hosted. This year, the number of foreign tourists visiting Turkey is expected to reach 30 million with vaccine’s help. In respect to healthcare tourism, the goal is to rank among the top three.
During the launch of the normalization process in Istanbul in June 1 - September 10, 2 thousand 678 foreign investors founded companies with a capital of TRY647.4 million.
Thanks to its manufacturing diversity and quality, qualified labor, strategic position, free trade agreements and logistical infrastructure Turkey stands out as an ideal center for multinational companies seeking diversification in their supply chain.
Turkey’s discovery of 405 billion cubic meters of natural gas in the Black Sea; changed its energy paradigm. Now that the discussions on whether there were oil and natural gas resources in Turkey ended, the questions on the production process’ duration and how this development will affect the global market of energy.
The RCEP agreement covering 15 countries with one-third of the world population will be shaping the future of trade. Turkey with Free Trade Agreements with three RCEP members is closer to the RCEP area than it seems.