The company to use the new investment to enhance platform’s capabilities and enter US market Insider, founded in Turkey and based in Singapore, announced yesterday its $32 million Series C funding round, bringing total funding to date to $47M. The round was led by Riverwood […]
Turkey’s banking watchdog fines banks $48M
Watchdog’s fines under included 10 types of complaints Turkey’s Banking Regulation and Supervision Agency (BDDK) fined more than 20 banks and financial institutions $48 million (TL330 million) for carrying out transactions against its orders during the outbreak of COVID-19. The BDDK said the fines were […]
German engineering company, EDAG, opens Turkish office as part of domestic car project
EDAG to become the partner for TOGG project EDAG, a German engineering company, started its first office in Turkey, according to Daily Sabah. The company will function as a part of its partnership with Turkey’s Automobile Joint Venture Group (TOGG) to produce the country’s first […]
Facebook publishes survey measuring the impact of COVID-19 on SMBs in Turkey
Social media giant’s report provides insights on the situation of SMBs in Turkey in the post-pandemic world Facebook published the first findings of its survey that measures the impact of the COVID-19 pandemic on the small and medium-sized businesses (SMBs) in Turkey. First published in […]
Ankara, London ‘very close’ to free trade deal:FM
Negotiations are going well and close to finalise soon, said minister Turkey and the U.K. are “very close” to signing a free trade agreement for the post-Brexit era, according to Turkish Foreign Minister Mevlüt Çavuşoğlu. An article on the Financial Times last week quoted Çavuşoğlu […]
Turkish Cargo starts chat-bot for customers
People can question the status of their deliveries 24/7 from chat-bot Turkish Cargo, a subsidiary of Turkish Airlines, started a chat-bot to allow customers to learn the status of their cargo 24/7. The chat-robot, named Cargy, serves via WhatsApp in either Turkish or English, Turkish […]
COVID-19 fuels demand for bicycles as prices go up in Turkey
Bicycle dealers say they were never this busy before the COVID-19, as cycling has now become a preferred form of transportation COVID-19 has fueled demand for bicycles as people seek alternatives to public transport in a bid to avoid crowded places, according to Daily Sabah. […]
After devices, Apple increases service charges in Turkey
The company had increased the prices for phones, tablets and other devices as of July 1 Apple increased its service fees in Turkey, according to Daily Sabah. As we mentioned here, the company hiked the prices for iPhone, iPad, Macs and Apple Watches as of […]
Introducing Turkish startups: Kimola
Kimola analyzes human behavior with Machine Learning to support companies for better marketing, sales and communication strategies Founded in 2014, Kimola is a data analytics company that focuses on consumer insights. The company has two types of business models, based on analysis and consultancy. As […]
Turkish Cargo’s global market share becomes 5%
The company said it transported one out of every 20 air shipments, despite reduction of 28.5% in the global air freight market due to COVID-19 Turkish Cargo, a subsidiary of Turkish Airlines, raised its global market share to 5% during the COVID-19, according to Hurriyetdailynews.com. Referring […]