ESE Analysis

Galatasaray and Fenerbahçe make it to European football’s money list

http://www.hurriyetdailynews.com/galatasaray-fenerbahce-make-it-to-european-footballs-money-list.aspx?PageID=238&NID=61488&NewsCatID=362

TURKEY - Galatasaray, Fenerbahçe make it to European football’s money list Galatasaray and Fenerbahçe are named in the top 20 list of European football’s moneymakers, marking the first time that two Turkish clubs have made it to the lucrative Deloitte Money League

Guler Sabanci is #94 on Forbes’ List The World’s Most Powerful Women 2013

http://www.forbes.com/profile/guler-sabanci/

Guler Sabanci Guler Sabanci on Forbes - #94 Power Women

YABANCI HAREKATI
Türkiye yabancı yatırımcı için atakta. Maliye Bakanı Şimşek, New York ve Londra’da 500’e yakın yatırımcıyla görüşecek. Borsa Başkanı Turhan da 2004’te giden dev bir yatırımcı grubu yeniden getirmek için sıkı temasta.

http://ekonomi.milliyet.com.tr/yabanci-harekati/ekonomi/detay/1822603/default.htm

YABANCI HAREKATI - Milliyet Haber Türkiye yabancı yatırımcı için atakta. Maliye Bakanı Şimşek, New York ve Londra’da 500’e yakın yatırımcıyla görüşecek. Borsa Başkanı Turhan da 2004’te giden dev bir yatırımcı grubu yeniden getirmek için sıkı temasta

Technology or Innovation Zones in Turkey

Technology Development Zones (TDZs) are areas designed to support R&D activities and attract investments in high technology fields.
There are 50 TDZs of which 34 are operational and 16 have been approved and are currently under construction. Ankara has six TDZs, Istanbul has five, Kocaeli has four, Izmir has three while the other provinces shown in the map below have one each.

Advantages of Technology Development Zones

Revenues derived from software development and R&D activities are exempt from income and corporate taxes until December 31, 2023.

Sales of application software produced exclusively in TDZs are exempt from VAT until December 31, 2023. Examples include software for systems management, data management, business applications, different business sectors, the Internet, mobile phones and military command control.

Salaries of R&D and support personnel employed in the zone are exempt from all taxes until December 31, 2023. The number of the support personnel covered by the exemption shall not exceed 10 percent of the number of the R&D personnel.

Enterprises may make the investment, required for the production of the technological product obtained as a result of the R&D projects conducted in the zone, in the TDZ, if deemed suitable by the operator company and allowed by the Ministry.

50 percent of the employer’s share of the social security premium will be paid by the government for 5 years until 31.12.2024.

Turkey’s total pharmaceutical sales (including OTC sales) are projected to grow by 8.8 percent a year between 2013 and 2017, reaching $19 billion.88 Estimating the size and growth of the market is complicated due to the government’s moves to cut pharmaceutical prices and their encouragement in the use of generics as part of its efforts to reduce public health spending. According to the Pharmaceutical Manufacturers’ Association of Turkey (IEIS), the market share of generics rose to 38.1 percent in 2011 but fell back in 2012 to 37.7 percent.89.