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Turkey receives 33.5 mln visitors in 10 months

The number of foreign visitors to Turkey in the first 10 months of the year totaled 33.53 million, up 5.57 percent compared to the same period last year, government data showed on Tuesday. Foreign visitors to Turkey rose 1.09 percent year-on-year in October, to 3.44 million people, Tourism Ministry data …

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Coca-Cola Launches Production of Milk

Coca-Cola is launching a new kind of milk nationwide that the company says will “rain MONEY.” The product is called Fairlife and it will sell for twice the price of regular milk when it hits store shelves nationally in December, Coca-Cola’s North American chief Sandy Douglas said at Morgan Stanley’s …

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IMF urges structural reforms for Turkish economy

Despite continued growth in Turkey’s economy, the International Monetary Fund (IMF) has warned that the country’s government must put forward structural reforms to continue economic momentum. Turkey’s economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a persistently large external …

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Turkish Cyprus demands equal rights to resources

Both states on the island of Cyprus have equal rights to all natural resources, the energy minister for the Turkish Republic of Northern Cyprus said on Friday. Hakan Dincyurek, Minister of the Environment and Natural Resources, insisted that his government would not give up rights to natural resources on and …

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Oil price slide and sanctions ‘cost Russia $140bn’

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn,  Finance minister Anton Siluanov made the comments on Monday. Reports on Monday suggested Russia could cut its oil production by about 300,000 barrels a day in an attempt to …

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Global consumers’ motivation: To go online

The global research and consulting firm A.T. Kearney has revealed the findings of its latest survey of nearly 10,000 “connected consumers”—those going online at least once a week. The respondents from across ten countries—the United States, the United Kingdom, Germany, Japan, Brazil, Russia, China, India, South Africa, and Nigeria—agreed on …

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Japan, Switzerland and Germany have the strongest “country brands” in 2014-2015

This week the global brand consultancy FutureBrand, part of Interpublic Group, have released the sixth annual Country Brand Index 2014-2015 report that ranks 75 countries by seven perceptional dimensions, such as: awareness, familiarity, preference, associations, consideration, decision/visitation and advocacy; where the main factor—associations—is weighted across six more related attributes of …

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2014 World Talent Report

IMD, a top-ranked global business school, just released its first annual World Talent Report. The report introduces the IMD World Talent Ranking based on the long-established IMD World Competitiveness Yearbook. It assesses a country’s ability to develop, attract and retain talent for companies based on three factors: 1] Investment and …

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Kazakhstan bans sale of number of Russian alcoholic beverages

Kazakh authorities have imposed restrictions on sale of a number of alcoholic beverages made in Russia on the territory of Kazakhstan for “food security” reasons, Kazakhstan’s Consumer Rights Protection Committee said. “The alcoholic products do not conform to the food safety requirements of Kazakhstan. Such vodka brands as Talka, Empire, …

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