A REVOLUTION IN DENIM
Speaking at the awards ceremony, Çalık Denim General Manager Önder Öksüz states, "We find ourselves today having become one of the most important establishments in the denim sector, for our sales of premium brands, our importance placed on investments into quality and productivity and for our manufacturing with respect to nature and the environment."
Önder Öksüz went on to explain that they operate with a vision of placing importance on creativity, partnering to find solutions and signing on to realize long-winded projects.
Öksüz went on to state the following on Çalık Denim's innovative products: "In addition to all of this, as Çalık Denim, we are also realizing our vision of manufacturing with recycled materials and respect to the environment, through ideals, through practice and through infrastructure."
Çalık Denim's latest innovation: Blue&White
Çalık Denim is presenting a number of newly innovative textiles manufactured at the Malatya facilities as a result of extensive Research and Development efforts.
In addition to manufacturing traditional denim fabric, Çalık Denim has also developed new recycleorganic manufacturing techniques through the RETİNA method which was developed through extensive Research and Development studies conducted to find ways to advance manufacturing in an ecological-friendly manner, including using pomegranate shells in addition to a number of other natural materials to dye denim.
Çalık Denim's latest innovation within the framework of the firm's eco-sensitive manufacturing is the development of the Blue&White method which is an amazing combination of denim textiles and recycled paper.
Turkish Airlines won the Skytrax award for Europe's Best Airline for a third time and was also given two other awards.
English investors have not paid heed to the coverage in the international media painting a negative portrait of Turkey during the Gezi Park protests and continue to keep the country on its radar for investments.
Turkey has become the fastest growing nation for luxurious automobile brands. While luxurious brands experienced seven percent growth globally in the first five months of the year, in Turkey the rate of growth has reached the 100 percentile level.
While the English press continues to cover the Gezi Park protests to Turkey’s detriment, the British Prime Minister has praised Turkey’s ‘stability.’ David Cameron says “we admire your economy.”
With the Central Bank’s deferred interest rate cut resulting in revitalizing domestic demand, Turkey’s economy experienced three percent growth in the first quarter of the year, sealing 14 quarters of continuous growth.
The Capital Markets Board has initiated an investigation into exits from the stock exchange by speculators, in a move which followed Erdoğan’s acknowledgement of attempts by the interest rate lobby to instigate a drop in the stock exchange. Should the Capitals Market Board establish a connection between financial exists and speculators sanctions may be enforced.
Çalık Holding has released a statement refuting claims made in reports by CNBC attempting to associate the group with redevelopment plans for Taksim’s Gezi Park.
Saudi Arabian businessman Ehsaan Fareed Abduljawad has purchased two towers in the Ağaoğlu Maslak 1453 project for 200 million dollars. “We trust in Turkey’s economy,” said the billionaire.
The speculative attack on the markets came to a halt following Prime Minister Erdoğan’s statement directed at the interest-rates lobby, “We will not let you consume the great efforts of our nation.” The dollar has since dropped and the stock exchange is back on a rising trend.
During the past five days there has been a polemic concerning the boycott of the Moroccan Business Confederation (CGEM) of a meeting between Turkish and Moroccan businessmen which took place during Erdoğan’s trip to Morocco on June 3rd. While the decision had nothing to do with the on-going protests in Istanbul and other cities, the real reason is proving to be an internal conflict between the CGEM and the Moroccan government.
The ‘economic’ demands set forth by the Taksim Platform, which spoke on behalf of the Gezi Park protesters in a meeting with Deputy Prime Minister Arınç on Wednesday, have resulted in a number of question marks. The main question being, why are they opposed to projects worth 120 billion such as the third bridge and airport, hydroelectric power plants and Canal Istanbul?
Tosyalı Holding opened a 750 million dollar steel-iron factory in Algeria in a ceremony attended by Prime Minister Recep Tayyip Erdoğan. Expected to rake in an annual one billion dollar revenue, the facility will also provide one thousand jobs.
The Occupy Wall Street movement did not pose a significant financial burden in the United States, whereas the financial burden brought on in Turkey from the Gezi Park protests is exponential.
It will now be required to place health warnings on the glass portions of water pipes, regularly referred to as ‘nargile’ in Turkey.