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Made In Türkiye June 2024

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<strong>June</strong> <strong>2024</strong><br />

Take cover for<br />

summer with<br />

Acqua Perfection SPF<br />

50 Sunscreen Spray!<br />

Using sunscreen for your face is one of the<br />

most important steps to keep your skin<br />

young and healthy.<br />

Acqua Perfection SPF 50 sunscreen spray<br />

provides an extra shield of protection against<br />

harmful rays from the sun with its high anti<br />

UVB effect and unique anti UVA performance.<br />

It contains Centella asiatica, panthenol<br />

(Vitamin B5) and aloe vera to protect you<br />

against the harmful effects of the sun while<br />

regenerating cells and providing moisture.<br />

Centella asiatica supports skin regeneration,<br />

while panthenol (vitamin B5) moisturizes<br />

and repairs the skin. Aloe vera calms and soothes<br />

the skin. Page 3<br />

The secret to<br />

moisturized and<br />

youthful skin from<br />

FOREO<br />

FOREO, the world’s leading skin technology<br />

brand known for its innovative approach<br />

to beauty, continues to build on the<br />

success of its expanding skincare portfolio.<br />

Designed for tired, dehydrated skin showing<br />

the first signs of aging, SUPERCHARGED<br />

Barrier Restoring Essence Mist becomes the<br />

path to a hydrated and youthful complexion.<br />

The first step in your morning and evening<br />

skincare routine after cleansing, this mist is<br />

ideal for refreshing your skin throughout the<br />

day and leaving it instantly soft and supple.<br />

This regenerating facial mist is the latest addition<br />

to the SUPERCHARGED collection,<br />

which tightens the skin and boosts collagen<br />

for a youthful effect. Page 3<br />

The power of holistic<br />

care for your eyes<br />

with gülsha<br />

Turkish-Algerian relations up<br />

<strong>Türkiye</strong> and Algeria share common history as well<br />

as deep-rooted cultural and brotherly ties. Bilateral<br />

relations have gained impetus over the past years. The<br />

“Friendship and Cooperation Agreement”, which was<br />

signed during the visit of the then Prime Minister<br />

Erdoğan to Algeria in 2006, is a strong foundation on<br />

which bilateral relations are based. During the visit of<br />

President Erdoğan to Algeria in February 2018, various<br />

aspects of the bilateral relations were taken up and both<br />

sides have reiterated their readiness to further deepen<br />

bilateral ties.<br />

The Ministry of Trade and the Promotion of<br />

Exportation, under the High Patronage of the President<br />

of the Republic, Mr. Abdelmadjid TEBBOUNE, and<br />

in collaboration with the Algerian Company of Fairs<br />

and Exports (SAFEX), organizes the 55th <strong>In</strong>ternational<br />

Fair of Algiers (FIA), at the Palace of Exports, based<br />

in Pains Maritimes – Algiers, 24-29 <strong>June</strong> <strong>2024</strong>. Turkiye<br />

is the honorary participant at this year’s edition of the<br />

fair. SAFEX is a leader in the events sector, organizing<br />

national, international, local and regional economic<br />

events and exhibitions in Algeria. SAFEX is also the<br />

official organizer of Algeria’s participation in trade<br />

fairs and exhibitions abroad. The fair is expected to<br />

be an excellent meeting point for businesses<br />

trading with Algeria and most part of Europe<br />

located below Algeria. This north<br />

African country functions<br />

as a passageway to many<br />

African markets. It has<br />

excellent potential itself<br />

for exports and imports.<br />

So, the exposition aims to<br />

promote the national production<br />

and broaden the exportation<br />

out of hydrocarbon, athwart the<br />

national and international important participation.<br />

This will allow to show the different realizations and<br />

New stage in Turkiye-Uzbekistan strategic<br />

partnership and economic relations<br />

President Recep Tayyip Erdoğan has received<br />

his Uzbek counterpart Shavkat Mirziyoyev at the<br />

presidential complex in the capital Ankara for bilateral<br />

talks.<br />

Mirziyoyev attended the seventh meeting of the <strong>Türkiye</strong>-<br />

Uzbekistan High-Level Strategic Cooperation Council on<br />

the first day of his visit. <strong>Türkiye</strong> and Uzbekistan signed<br />

more than 20 agreements during the council meeting. The<br />

meeting aims to build on the “comprehensive strategic<br />

partnership” established two years ago during Erdoğan’s<br />

visit to the Asian country.<br />

The World was<br />

Captivated by the Glitter<br />

of PLMA Amsterdam Fair<br />

“I believe that this important visit, which has great<br />

meaning for us, will further strengthen our cooperation,”<br />

Erdoğan said at a joint news conference with Mirziyoyev.<br />

Noting that Erdoğan’s interest and affection for Uzbekistan<br />

has increased over the years, Mirziyoyev said the meeting<br />

was “very meaningful” and they built “new and stronger<br />

bridges for cooperation.”<br />

<strong>Türkiye</strong> was the first country to recognize Uzbekistan’s<br />

independence in 1991, following the dissolution of the<br />

Soviet Union. A new era is also emerging in trade relations<br />

between <strong>Türkiye</strong> and Uzbekistan. The bilateral trade<br />

volume, which was $1.2 billion in 2016, became $3.1<br />

billion in 2023.<br />

<strong>Türkiye</strong>, which was among the top 5 countries in<br />

Uzbekistan’s foreign trade before 2016, became the<br />

country’s 4th largest trading partner with a share of 5<br />

percent last year.<br />

Meanwhile, First Lady Emine Erdoğan welcomed<br />

her Uzbek counterpart Ziroat Mirziyoyeva, who is<br />

accompanying her husband Shavkat Mirziyoyeva for an<br />

official visit with President Recep Tayyip Erdoğan.<br />

The two first ladies visited the Presidential Library, the<br />

largest library in <strong>Türkiye</strong>. The Uzbek first lady gifted<br />

Uzbek books to the library collection. Page 7<br />

Biotechnological revolution<br />

from Seltek Group!<br />

innovation, and to conclude the winwin<br />

partnerships as well, in the framework<br />

of the investment opportunities, covering different<br />

economic areas.Page 6<br />

Turkish president<br />

receives Algerian<br />

foreign minister<br />

No information disclosed about closeddoor<br />

meeting between Recep Tayyip<br />

Erdogan and Ahmed Attaf<br />

ISTANBUL – <strong>Türkiye</strong>’s President Recep<br />

Tayyip Erdogan received Algerian Foreign<br />

Minister Ahmed Attaf in Ankara, the<br />

Turkish Communications Directorate said.<br />

It is estimated that bilateral and international<br />

issues were discussed at the closed-door<br />

meeting held at the presidential complex.<br />

The main topic of the discussions was the<br />

ongoing Israel-Palestine war as predicted by<br />

experts.<br />

Sapro makes an<br />

innovative<br />

contribution to<br />

biodiversity!<br />

Meet gülsha Rose Essence Eye Cream, global<br />

eye perfector cream (gülsha Rose Beauty<br />

Nectar), the newest member of gülsha,<br />

which takes its power from the moisturizing<br />

and antioxidant properties of essential<br />

rose oil! Page 3<br />

The revolutionary event in the cosmetics and beauty sector<br />

swept the world with the sparkle of the PLMA Amsterdam<br />

Fair. <strong>In</strong>dustry leaders and innovative brands come together<br />

under the spell of the fair to define the beauty trends of the<br />

future.<br />

The PLMA (Private Label Manufacturers Association) Fair, held<br />

in Amsterdam on May 28-29, <strong>2024</strong>, became a significant event<br />

for the global cosmetics and beauty industry. Welcoming participants<br />

from around the world, the fair provided a dynamic platform<br />

to showcase the latest trends, innovations, and products in<br />

the sector. Page 5<br />

<strong>In</strong>ternational Fair of<br />

Algiers paves the way<br />

to new opportunities<br />

Seltek Group, a pioneer in <strong>Türkiye</strong>’s medical aesthetic sector, offers<br />

a revolutionary biotechnological innovation to the service of Turkish<br />

physicians. Developed as a result of R&D studies, “Reinforced<br />

Hybrid Exosomes” stands out as a new generation biotechnology<br />

product by Turkish and international physicians. This innovation<br />

is of great importance in <strong>Türkiye</strong> and worldwide.<br />

Exosomes, the basic building blocks of cells, regulate biological<br />

processes such as tissue regeneration and disease resistance by<br />

providing communication between cells. Seltek Group’s patented<br />

HybrosomeTM Technology provides healing and regeneration<br />

at the cellular level by isolating exosomes and making them<br />

available in the long term. This technology revolutionizes areas<br />

such as anti-aging, skin regeneration, hair loss and wound healing<br />

by carrying the vitamins and minerals that cells need.<br />

Page 10<br />

The best place to expand<br />

your beauty knowledge<br />

Murat Gönül, General Manager at Sapro<br />

Sapro, a leader in the production and export of wet<br />

wipes with its private label products for <strong>Türkiye</strong>’s<br />

and the world’s giant retail companies, continues its<br />

activities based on the principles of sustainability<br />

and environmental awareness. Sapro has registered<br />

the compostability of ‘Newipe® New Generation<br />

Viscose Fabric’ developed with an investment of 30<br />

million Euros with ‘TUV OK Compost Home’ and<br />

‘TUV OK Compost <strong>In</strong>dustrial’ certificates. Page 5<br />

Catering containers of world<br />

aviation giants from Turkish<br />

company


Economic Newspaper <strong>June</strong><br />

2 Please mention<br />

<strong>2024</strong><br />

“<strong>Made</strong> in <strong>Türkiye</strong>” when writing to advertisers<br />

<strong>Türkiye</strong> and Algeria have a lot of values in common. These brethren<br />

countries have common history, religion, culture and more…<br />

When I go to Algiers, I see names of streets, squares, quarters,<br />

mosques, even castles with the names very familiar in my country.<br />

<strong>In</strong> the Kasba region, I see the same shape and atmosphere as I see<br />

in Anatolia and in many parts of Istanbul. As I walk through the<br />

narrow streets on the hillside, I can’t help but dive into the depths<br />

of history. I think I will come across Barbaros Hayreddin Pasha at<br />

some point. I always feel at home in that country.<br />

We are excited to announce that <strong>Made</strong> in <strong>Türkiye</strong> newspaper will<br />

be participating in the upcoming <strong>In</strong>ternational Fair of Algiers (FIA),<br />

where Turkey has the honor of being the honorary guest. This<br />

prestigious event, taking place from <strong>June</strong> 17 to <strong>June</strong> 22, offers a<br />

unique platform for us to showcase the vibrant and dynamic relationship<br />

between <strong>Türkiye</strong> and Algeria.<br />

<strong>In</strong> celebration of this special occasion, we have prepared a dedicated<br />

Algeria issue, highlighting the rich cultural ties, economic<br />

collaborations, and shared aspirations between our nations. Our<br />

team will be present at the fair to distribute complimentary copies<br />

of this special edition, ensuring that attendees can gain valuable<br />

insights into the thriving partnership and opportunities that<br />

lie ahead.<br />

Mehmet Soztutan<br />

Editor-in-Chief<br />

We look forward to engaging with the international community,<br />

sharing stories of innovation and success, and fostering deeper<br />

connections through our publication. Your support and interest in<br />

<strong>Made</strong> in <strong>Türkiye</strong> continue to inspire us to bring you the very best<br />

in journalism and storytelling.<br />

Letter From<br />

The Editor<br />

Mediterranean abundance<br />

THOUGHT OF<br />

THE MONTH<br />

Always listen to experts!<br />

They’ll tell what can’t<br />

be done and why. Then<br />

do it!<br />

World Bank revises up<br />

global growth forecast for<br />

<strong>2024</strong><br />

GDP growth projected at 2.6% this year, 2.7% in 2025-26<br />

ANKARA – The World Bank revised the global growth forecast<br />

for this year to 2.6%, up 0.2 percentage point from its previous<br />

projection.<br />

The figure is foreseen to hold steady compared to last year for the<br />

first time in three years despite heightened geopolitical tensions<br />

and high interest rates, the bank said in its latest Global Economic<br />

Prospects report.<br />

The upward revision was led by continued solid growth in the US,<br />

it stressed.<br />

The bank forecast the gross domestic product (GDP) growth will<br />

edge up to an average of 2.7% in 2025-26 amid modest growth in<br />

trade and investment.<br />

The figure is below the 3.1% average in the decade before the<br />

pandemic or 2010-19.<br />

“Four years after the upheavals caused by the pandemic, conflicts,<br />

inflation, and monetary tightening, it appears that global economic<br />

growth is steadying,” said <strong>In</strong>dermit Gill, the World Bank Group’s<br />

chief economist and senior vice president.<br />

The GDP in developing economies are forecast to increase 4% on<br />

average in <strong>2024</strong>-25 and in advanced economies to hike 1.5% this<br />

year before rising to 1.7% next year.<br />

Gill underlined the need for developing economies to find ways to<br />

encourage private investment, reduce public debt, and improve<br />

education, health, and basic infrastructure.<br />

The report highlighted that one in four developing economies is<br />

expected to remain poorer than it was in 2019.<br />

The World Bank hiked its growth projection for China by 0.3<br />

percentage point to 4.8% this year, due to stronger-than-expected<br />

activity in early <strong>2024</strong>, particularly exports. The world’s secondlargest<br />

economy is projected to grow 4.1% in 2025, down 0.32 point<br />

from the January report.<br />

The GDP in the US is expected to increase by 2.5% this year and<br />

1.8% next year, with upward revisions of 0.9 point and 0.1 point,<br />

respectively.<br />

The euro area’s GDP growth is projected to come in at 0.7% in <strong>2024</strong>,<br />

the same as foreseen in the previous report, and 1.4% in 2025, a<br />

downward revision of 0.2 points.<br />

The Turkish economy’s growth forecast was cut by 0.1 point to 3%<br />

for <strong>2024</strong> and 0.3 point to 3.6% for next year.<br />

The World Bank projected the global inflation to average at 3.5%<br />

this year and 2.9% in 2025.<br />

Global interest rates are likely to remain high by the standards of<br />

recent decades -- averaging about 4% over 2025-26, roughly double<br />

the 2000-19 average, read the report.<br />

Responsible Editor:<br />

Mehmet Söztutan<br />

(mehmet.soztutan@img.com.tr)<br />

Editors:<br />

Assoc. Prof. Mehmet Ali Özbudun<br />

Ayça Sarıoğlu<br />

Dilara CİCA<br />

Correspondent:<br />

İsmail Çakır<br />

(ismail.cakir@img.com.tr)<br />

Marketing Manager:<br />

Recep Arslantaş<br />

(recep.arslantas@img.com.tr)<br />

Arts Director:<br />

Tayfun Aydın<br />

(tayfun.aydin@img.com.tr)<br />

Subscription:<br />

Ismail Özçelik<br />

(ismail.ozcelik@img.com.tr)<br />

HEAD OFFICE:<br />

İstanbul Magazine Group<br />

İHLAS MEDIA CENTER<br />

Merkez Mah. 29 Ekim Cad. No:11<br />

Medya Blok Kat:1 34197<br />

-What about economists?<br />

Publisher:<br />

ISTMAG Magazin Gazetecilik<br />

İç ve Dış Ticaret Ltd. Şti. Adına Sahibi<br />

H. Ferruh Işık<br />

PLEASE MENTION<br />

Yenibosna / İstanbul / Turkey<br />

Tel: +90. 212 454 22 22<br />

Fax: +90. 212 454 22 93<br />

www.img.com.tr - img@img.com.tr<br />

LIAISON OFFICES<br />

BURSA:<br />

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Tel : (90.224) 211 4450 - 51<br />

Fax: (90.224) 211 4481<br />

KONYA:<br />

Metin Demir<br />

H. Ulusahin Is Mrkz. C Blok<br />

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Tel : (90.332) 238 10 71<br />

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PRINTED BY:<br />

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Istanbul / Turkey<br />

Tel: (90 212) 454 30 00<br />

Fax (90 212) 454 34 83<br />

WHEN CONTACTING ADVERTISERS<br />

THE ECONOMIST<br />

Well<br />

Those who cannot forecast interest<br />

rates, and<br />

- Those who do not know that they<br />

cannot forecast interest rates.<br />

We Are in<br />

60 Countries<br />

on 5 Continents<br />

11 Million<br />

Visitors Per<br />

Week<br />

600 Million<br />

Product Sales<br />

Annually<br />

1.1 Billion USD<br />

Exports Annually<br />

Market Leader in<br />

23 Countries<br />

110<br />

Billion TL<br />

Turnover<br />

55.000<br />

Employees<br />

FACEBOOK.COM/LCWAIKIKIKARIYER<br />

INSTAGRAM.COM/LCWAIKIKIKARIYER


3 Economic Newspaper<br />

Please mention<br />

“<strong>Made</strong> in Turkey” when writing to advertisers<br />

<strong>June</strong><br />

<strong>2024</strong><br />

The power of holistic care for<br />

your eyes with gülsha<br />

Continued From Page 1<br />

Produced from the rare rose species “Rosa<br />

Damascena”, which has been freshly harvested<br />

one by one from the high altitude gardens<br />

of Isparta for 130 years with the tradition<br />

of hand harvesting, the latest product<br />

of the gülsha brand, gülsha Rose Essence<br />

Eye Cream meets beauty enthusiasts.<br />

Offering natural, effective and pleasant skin<br />

care enriched with precious Essential Rose<br />

Oil and Whole Rose Water, Rose Essence<br />

Eye Cream offers a holistic solution against<br />

the signs of aging in the delicate eye area<br />

with its 99.3% natural origin content. The<br />

eye cream, which helps revitalize the eye<br />

contour with its lightweight formula consisting<br />

of water phase ‘gülsha Full Rose Water’,<br />

provides a brightening effect by reducing<br />

the appearance of under-eye bags and dark<br />

circles.<br />

With its natural retinal and caffeine content,<br />

gülsha Rose Extract Eye Cream helps<br />

to tighten the eye contour and eliminate<br />

puffiness; with hyaluronic acid, which has<br />

intense moisturizing properties, it helps<br />

to reduce the appearance of fine lines and<br />

wrinkles and increase collagen synthesis<br />

and skin elasticity.<br />

How to use?<br />

One pump of gülsha Rose Essence Eye Cream<br />

can be easily applied around the eye area<br />

with gülsha Rose Essence Youth Cream in<br />

the daily skin care routine every morning<br />

and evening.<br />

The gülsha Eye Massager, made of pink quartz<br />

natural stone, the symbol of love, increases<br />

blood circulation and allows the gülsha<br />

Rose Essence Eye Cream to penetrate the<br />

skin more effectively.<br />

The gülsha Eye Massager, which can be applied<br />

gently around the eyes 2-3 times a week<br />

for 1-3 minutes, puts an end to the tired<br />

look of the eyes and gives them a lively and<br />

rested appearance.<br />

A candidate to be the star of your skin care<br />

routines, the 99.3% naturally sourced gülsha<br />

Rose Extract Eye Cream will be indispensable<br />

for your moisturizing phase!<br />

Take cover for<br />

summer with<br />

Acqua Perfection<br />

SPF 50 Sunscreen<br />

Spray!<br />

The secret to moisturized and youthful skin from FOREO<br />

Continued From Page 1<br />

“Having successfully entered the skincare<br />

category last year, FOREO continues to offer<br />

effective skincare solutions that can be<br />

effortlessly integrated into your daily routine.<br />

Aggressive products, intense scrubbing<br />

or forgetting to moisturize can damage the<br />

skin barrier and lead to dry, irritated skin<br />

and even eczema and dermatitis. SUPER-<br />

CHARGED Barrier Restoring Essence<br />

Mist helps restore the skin’s natural barrier<br />

function, soothing irritation and revealing<br />

brighter, more even skin. Adnan Beciragic,<br />

General Manager of FOREO <strong>Türkiye</strong>, explains<br />

his confidence in SUPERCHARGED<br />

Barrier Restoring Essence Mist.<br />

SUPERCHARGED Barrier Restoring Essence<br />

Mist contains powerful ingredients<br />

Repairing 9 Peptide Complex: Peptides are<br />

essential for maintaining youthful skin as<br />

they increase collagen and elastin production.<br />

By strengthening the skin barrier, they<br />

help to firm and plump the skin, while effectively<br />

reducing fine lines and wrinkles.<br />

Brightening 2% Niacinamide: Niacinamide,<br />

a form of vitamin B3, improves uneven<br />

skin tone, brightens dark spots, minimizes<br />

redness, reduces enlarged pores and strengthens<br />

the skin barrier. Reveals a smooth,<br />

even and brighter complexion.<br />

Calming Cica: Cica, also known as Centella<br />

Asiatica, is rich in antioxidants and effectively<br />

repairs the skin’s moisture barrier, providing<br />

intense hydration to dry skin. It soothes<br />

skin irritation and smooths roughness,<br />

improves elasticity, so skin looks supple and<br />

healthy.<br />

Hydrating Panthenol & Allantoin: Panthenol<br />

is both moisturizing and emollient,<br />

supporting barrier function and attracting<br />

and locking in moisture to balance the skin.<br />

Allantoin helps to keep skin supple and<br />

healthy; it also deeply moisturizes the skin<br />

barrier to keep it fresh, hydrated and soft.<br />

Dermatologist-tested and suitable for all<br />

skin types, SUPERCHARGED Barrier<br />

Restoring Essence Mist is also vegan, cruelty-free<br />

and formulated with 88% natural<br />

ingredients.<br />

Continued From Page 1<br />

The Acqua Perfection SPF series, which stands out<br />

for accompanying the indispensable moments of the<br />

summer months, maintains its effect for a long time<br />

thanks to its water-resistant formula. Acqua Perfection<br />

sunscreen series, which has a light formula that<br />

does not weigh down the skin, is suitable for different<br />

skin types and is dermatologically tested. Thanks to<br />

its ultra-light, water-based and colorless texture, it leaves<br />

no white streaks or greasy film. Acqua Perfection<br />

SPF 50 sunscreen spray with a fluid texture that helps<br />

prevent shine protects your skin against the harmful<br />

effects of the sun while nourishing it with natural ingredients.<br />

*All products are paraben-free, alcohol-free, vegan and<br />

cruelty-free.


5 Economic Newspaper<br />

Please mention<br />

“<strong>Made</strong> in Turkey” when writing to advertisers<br />

<strong>June</strong><br />

<strong>2024</strong><br />

Sapro makes an innovative contribution to biodiversity!<br />

The World was Captivated by the<br />

Glitter of PLMA Amsterdam Fair<br />

Continued From Page 1<br />

The concept of biodiversity, which is used<br />

to define the diversity of living things in the<br />

whole ecosystem or only in a certain region,<br />

is among the prominent topics in recent years.<br />

Biodiversity is of vital importance for the<br />

creation of a healthy environment suitable<br />

for life.<br />

This diversity, which is ensured by preserving<br />

the natural balance, actually means the<br />

continuation of life on earth.<br />

There is a close relationship between sustainability<br />

and biodiversity. When we look at<br />

the issue from the perspective of our country,<br />

we see that <strong>Türkiye</strong> has a wide variety of climate,<br />

flora and fauna characteristics in 7 different<br />

regions. Our country, which is home<br />

to different climate types, offers a favorable<br />

environment for endemic and genetically<br />

diverse plants. So what should be done to<br />

protect and develop this diversity?<br />

Recently, various steps have been taken to<br />

ensure biodiversity globally. For example,<br />

the ‘EU Single Use Plastics Directive’ is<br />

pushing wet wipe manufacturers and users<br />

towards more environmentally friendly products<br />

and waste management practices. This<br />

is leading to the development of new composite<br />

materials, improving recycling and<br />

composting infrastructures and raising consumer<br />

awareness.<br />

Sapro contributes to biodiversity with €30<br />

million investment<br />

Underlining that they care about the natural<br />

life cycle, Murat Gönül, General Manager at<br />

Sapro said, “<strong>In</strong> 2022, we launched our Newipe<br />

next generation Viscose fabric with an investment<br />

of 30 million Euros. Newipe® is an<br />

environmentally and future-friendly product<br />

with its natural structure that dissolves quickly<br />

in nature and does not contain plastic.<br />

Our product, which we developed with the<br />

awareness of environmental sustainability,<br />

contains 100 percent renewable plant fibers.<br />

When recycled, it can be broken down into<br />

non-toxic components that will not harm<br />

the environment and can easily turn into<br />

organic matter when dispersed. The most<br />

critical point in this regard is that the product<br />

has composting properties. Compostable<br />

products provide nutrients and organic matter<br />

to the soil as they decompose. This makes<br />

the soil more fertile and encourages plant<br />

growth. Healthier soil allows more plant<br />

species to thrive, which increases biodiversity.<br />

Compostable products also help reduce<br />

greenhouse gas emissions by absorbing carbon<br />

dioxide as they decompose. Reduced<br />

greenhouse gas levels reduce the effects of<br />

climate change, which in turn helps to protect<br />

biodiversity.<br />

Compared to other viscose fabrics, Newipe®<br />

is produced with reduced carbon emissions<br />

as some of its components are taken into the<br />

production process without any pre-treatment,<br />

and it can be fully biodegraded and<br />

composted faster in nature.”<br />

Newipe®’s compostable feature recognized<br />

by TUV certificates<br />

Recording that the compostable feature of<br />

Newipe® has been registered with ‘TUV OK<br />

Compost Home’ and ‘TUV OK Compost<br />

<strong>In</strong>dustrial’ certificates as a result of the tests,<br />

Gönül said, “TUV OK Compost certificate is<br />

a document showing that our Newipe next<br />

generation Viscose fabric is sustainable and<br />

environmentally friendly. This certificate<br />

proves that our fabric is fully biodegradable<br />

and compostable under industrial and home<br />

composting conditions by meeting certain<br />

test criteria, while confirming that the product<br />

turns into organic matter without harming<br />

the environment. With our product,<br />

we help reduce the amount of waste while<br />

protecting the environment. Thus, we contribute<br />

to a more sustainable use of natural<br />

resources and the protection of biodiversity.”<br />

Murat Gönül, General Manager at Sapro<br />

said, “Considering the increasing legal regulations<br />

to reduce plastic pollution that have<br />

started in Europe, the ‘TUV OK Compost’<br />

certificate proves that our Newipe next generation<br />

Viscose Fabric complies with these<br />

regulations. The transition to plastic-free<br />

wipes will help to meet future legal requirements<br />

and strengthen the market position of<br />

our private label brands.”<br />

Continued From Page 1<br />

Diversity and <strong>In</strong>novation: The Richness of the<br />

Cosmetic World<br />

Various companies from different corners of the<br />

globe gathered at the PLMA Fair, each bringing<br />

its unique flair and offerings to the forefront.<br />

From skincare essentials to makeup must-haves,<br />

haircare innovations to fragrant delights, the exhibition<br />

halls buzzed with activity as attendees<br />

explored a diverse array of beauty solutions.<br />

One of the central themes of the fair was sustainability,<br />

reflecting the industry’s growing<br />

commitment to environmental responsibility.<br />

Companies showcased eco-friendly packaging,<br />

organic formulations, and sustainable production<br />

practices, resonating with consumers’ increasing<br />

demand for ethically sourced and planet-friendly<br />

products.<br />

Collaboration and the Future: The Sector’s<br />

Roadmap<br />

<strong>In</strong>novation was another key highlight, with<br />

brands unveiling cutting-edge technologies and<br />

novel ingredients aimed at enhancing skincare<br />

efficacy, makeup performance, and overall beauty<br />

experiences. From advanced anti-aging<br />

solutions to customizable makeup palettes, the<br />

fair offered a glimpse into the future of the cosmetics<br />

industry.<br />

Networking and collaboration were also integral<br />

aspects of the PLMA Fair, providing opportunities<br />

for businesses to forge new partnerships,<br />

expand their distribution networks, and explore<br />

potential synergies. <strong>In</strong>dustry professionals<br />

engaged in fruitful discussions, exchanging<br />

insights, and laying the groundwork for future<br />

collaborations.<br />

An <strong>In</strong>ternational Celebration and a<br />

Forward-Looking Perspective<br />

The fair’s success underscored the resilience and<br />

dynamism of the cosmetics and beauty sector,<br />

showcasing its ability to adapt and thrive in an<br />

ever-changing market landscape. As consumer<br />

preferences evolve and global challenges shape<br />

the industry’s trajectory, events like the PLMA<br />

Fair play a crucial role in driving innovation,<br />

fostering collaboration, and propelling the sector<br />

forward.<br />

<strong>In</strong> conclusion, the PLMA Amsterdam Fair<br />

emerged as a vibrant celebration of the global<br />

cosmetics and beauty industry, bringing together<br />

diverse stakeholders, fostering innovation,<br />

and setting the stage for continued growth and<br />

evolution in the years to come.<br />

The next PLMA gathering will take place on<br />

May 20-21, 2025.<br />

5 th <strong>In</strong>ternational Exhibition for Cosmetics, Beauty, Hair<br />

Home Care, Private Label, Packaging and <strong>In</strong>gredients<br />

Tel: +90 212 2229060 |<br />

2-3-4 October <strong>2024</strong><br />

Istanbul Congress Center & Lutfi Kirdar & Istanbul Hilton<br />

Taksim - Istanbul - <strong>Türkiye</strong><br />

www.beauty-istanbul.com<br />

+90 533 4843030 | info@beauty-istanbul.com<br />

1100+ Exhibitors<br />

from 60+ Countries


Economic Newspaper <strong>June</strong><br />

6 Please mention<br />

<strong>2024</strong><br />

“<strong>Made</strong> in <strong>Türkiye</strong>” when writing to advertisers<br />

<strong>In</strong>ternational Fair of<br />

Algiers paves the way to<br />

new opportunities<br />

The 55th <strong>In</strong>ternational Fair of Algiers promises to be a<br />

dynamic platform for economic exchange, innovation, and<br />

collaboration, reaffirming Algeria’s position as a pivotal<br />

player in the global marketplace.<br />

Under the esteemed patronage<br />

of the President of the Republic,<br />

the Algerian Society of Fairs and<br />

Exports (SAFEX) is gearing up<br />

to host the 55th edition of the renowned<br />

<strong>In</strong>ternational Fair of Algiers<br />

(FIA) from <strong>June</strong> 24th to 29th,<br />

<strong>2024</strong>. The event will take place at<br />

the Palais des Expositions des Pins<br />

Maritimes in the vibrant city of Algiers.<br />

As a leading figure in the events industry,<br />

SAFEX is renowned for organizing<br />

economic events and exhibitions<br />

of national, international,<br />

as well as local and regional significance<br />

in Algeria. Moreover, SAFEX<br />

holds the official mandate for Algeria’s<br />

participation in international<br />

fairs and exhibitions abroad.<br />

Since its inception in 1964, the<br />

<strong>In</strong>ternational Fair of Algiers, organized<br />

by SAFEX, has been a cornerstone<br />

of economic activity in<br />

Algeria. With 54 years of successful<br />

editions, the event stands as a testament<br />

to the keen interest shown by<br />

Algeria’s economic partners and the<br />

international business community<br />

in the Algerian market.<br />

The newest product of the Age<br />

Stop series, MFM Age Stop serum<br />

is here with a formula that will<br />

change the boundaries of beauty:<br />

Containing black bee honey extract,<br />

also known as “Black Bee<br />

Ome”, this serum revitalizes the<br />

skin’s natural microflora.<br />

When used regularly, the serum<br />

The FIA serves as a pivotal moment<br />

for the promotion of domestic production.<br />

It offers a multifaceted<br />

platform where all segments of the<br />

industry converge, showcasing their<br />

innovations and advancements.<br />

From agriculture to manufacturing,<br />

from services to construction,<br />

the FIA represents the diversity and<br />

dynamism of Algeria’s economic<br />

landscape.<br />

One of the primary objectives of<br />

the FIA is to facilitate networking<br />

opportunities and foster long-term<br />

business relationships. It serves as<br />

an intensive hub for professional<br />

networking, business matchmaking,<br />

investment opportunities,<br />

and forging enduring partnerships.<br />

Algeria, positioned as one of the<br />

economic giants of the African continent<br />

and ranked as the fourth-largest<br />

African economy by the World<br />

Bank, is strategically located at<br />

the crossroads of three worlds: the<br />

Mediterranean, the Arab, and the<br />

African. Leveraging this strategic<br />

geographical position, Algeria aims<br />

to diversify its economy and bolster<br />

its exports.<br />

rapidly replenishes the skin flora<br />

with the honey of these black bees,<br />

which settled in the region north of<br />

the Alps after the last ice age, and<br />

supports the renewal of the skin<br />

barrier. If the microbiota heals, the<br />

skin starts to rejuvenate!<br />

Black Bee Ome is obtained by fermenting<br />

the honey of the black<br />

The power of black bee honey and liquid gold!<br />

bee species, a rare and ancient honey<br />

bee. The highly resistant honey,<br />

known as “liquid gold” in the<br />

world, is produced in the isolated<br />

mountain valleys of Switzerland<br />

and fermented with Zymomonas<br />

mobilis bacteria.<br />

The serum also contains Malus Domestica,<br />

a stem cell that supports<br />

Today, Algeria emerges as an indispensable<br />

hub for foreign investment<br />

across various sectors<br />

including agriculture, industry, and<br />

construction. The country offers invaluable<br />

opportunities for enterprises<br />

looking to invest and establish a<br />

presence on Algerian soil.<br />

With its robust infrastructure, diversified<br />

expertise across multiple<br />

domains, and a skilled and qualified<br />

workforce, Algeria extends its<br />

arms to welcome businesses seeking<br />

to expand their operations.<br />

The <strong>In</strong>ternational Fair of Algiers<br />

stands as a beacon of economic<br />

excellence and a barometer of the<br />

nation’s economic health. Organized<br />

under the esteemed patronage<br />

of the President of the Republic<br />

since its inception, the FIA remains<br />

a pivotal moment for economic stakeholders<br />

both within Algeria and<br />

beyond.<br />

Exhibitors at the FIA have a multitude<br />

of reasons to participate. From<br />

exploring the diverse investment<br />

potential of the Algerian market to<br />

strengthening collaborations with<br />

Algerian and international economic<br />

operators, the FIA offers a<br />

comprehensive platform for business<br />

expansion.<br />

Moreover, the FIA serves as an opportunity<br />

to showcase the rich cultural<br />

and touristic characteristics<br />

of Algeria, providing visitors with<br />

a glimpse into the nation’s heritage<br />

and attractions.<br />

The sectors represented at the FIA<br />

span a wide spectrum, including<br />

agriculture, agri-food, chemical industry,<br />

construction, petrochemical<br />

industry, services, electrical industry,<br />

electronics, and household<br />

appliances, among others.<br />

The event is organized by the Algerian<br />

Fairs and Export Company<br />

and will take place at the Palais des<br />

Expositions, the premier exhibition<br />

center in Algeria. Situated approximately<br />

15 kilometers east of the<br />

city center and 10 kilometers from<br />

the Algiers airport, the Palais des<br />

Expositions is conveniently located<br />

near various hotels, major shopping<br />

centers, and accessible by all<br />

modes of transportation including<br />

tramway, bus, and taxi.<br />

skin cells to have a longer life span,<br />

Argireline, which makes the skin<br />

look younger with the effect of synthetic<br />

botox, Panthenol and Pentavitin,<br />

which contribute to skin<br />

repair and moisture protection, Vin<br />

Up Lift and Niacinamide, which are<br />

obtained from grape seeds and actively<br />

stretch the skin.<br />

Turkish-Algerian relations up<br />

Continued From Page 1<br />

With a strategic geographical location, at<br />

the center of the Mediterranean region<br />

and connecting Africa, Europe and the<br />

Maghreb, Algeria offers tremendous opportunities<br />

economic partnerships.<br />

Algeria is located in the north of the<br />

African continent bordered by the Mediterranean<br />

Sea and is part of the Arab<br />

Maghreb Union (AMG). Its surface area<br />

is 2,381,741 km².<br />

Algeria is the largest country in Africa,<br />

Arab world and Mediterranean Basin,<br />

and the tenth largest country in the world.<br />

It has 1,622 km of Mediterranean coastline.<br />

The country has some attractive investment<br />

support measures such as tax incentives,<br />

up to 10 years of exemption,<br />

depending on the location and size of the<br />

project. Some additional benefits:<br />

* Partial or total reimbursement of expenses<br />

related to infrastructure works<br />

within the south and highland areas and<br />

other areas, the development of which<br />

requires a contribution from the State;<br />

* Reduction in employers’ contribution<br />

to social security for the recruitment of<br />

young job seekers<br />

* The concession of land by mutual agreement,<br />

over periods of 33 years renewable<br />

and giving rise to the same property<br />

rights arising from sales<br />

* Discounts on the price of the rental fee<br />

on the land and property acquired within<br />

the framework of the realization of<br />

the investment<br />

* Tax exemptions throughout the life of<br />

the project for exporting projects.<br />

* Temporary Exemption for 5 years, of<br />

companies benefits tax (IBS), Global <strong>In</strong>come<br />

tax(IRG) and Tax on the turnover<br />

and 3%bonus of the interest rate on bank<br />

loans granted to investments in certain<br />

activities in the steel and metal industrial<br />

sectors, the hydraulic binders and Electrical<br />

Appliances, <strong>In</strong>dustrial chemistry,<br />

mechanics and automotive Pharmaceuticals,<br />

aerospace, shipbuilding and repair,<br />

advanced technology, food processing,<br />

textiles and clothing, leather and<br />

derivatives, wood and furniture industry.<br />

Exemption from VAT, customs duties,<br />

taxes having equivalent effect or any other<br />

charge for the equipment needed for<br />

investment by industrial companies in<br />

the field of research and development.<br />

* Reduction of 50%, companies benefits<br />

tax (IBS) or Global <strong>In</strong>come tax (IRG), in<br />

common law for individuals and legal<br />

entities, activating and fiscally registered<br />

in the wilayas of Illizi, Tindouf, Tamanrasset<br />

and Adrar, and this for a period of<br />

05 years as of January 1st, 2015.<br />

* Support by the Public Treasury Administration,<br />

of the bank interest for investments<br />

made by industrial companies for<br />

the acquisition of technology and mastery<br />

to enhance the industrial integration<br />

rate of their products and competitiveness.<br />

* Extension until 31 December 2019, of<br />

the application of reduced rate of customs<br />

duty on acquisitions of equipment<br />

and furnishings not produced locally by<br />

hotel standards and within the scope of<br />

modernization and upgrading under the<br />

“Quality Plan Tourism Algeria” -The list<br />

of equipment and furnishings concerned<br />

is determined by the intermenstrual order<br />

of March 2, 2014.<br />

Algeria is a producer and exporter of<br />

oil and liquified natural gas and it is the<br />

tenth-largest proven reserves of natural<br />

gas and the sixth-largest gas exporter<br />

in the world. It is also the 16th largest<br />

proven oil reserves in the world. More<br />

than 60 exploration contracts have been<br />

signed since 1992 between the national<br />

company Sonatrach and foreign oil companies.<br />

The target for 2030 is the production<br />

of 22,000 MW of electricity from<br />

renewable energies. Mining resources of<br />

the country is comprised of phosphate,<br />

iron, gold, diamond, uranium, zinc, coal,<br />

etc.<br />

Algeria’s urbanization rate is around 60%<br />

and is permanently growing. Algeria has<br />

more than thirty-seven urban areas with<br />

more than 100,000 inhabitants, almost all<br />

concentrated in the north of the country.<br />

The densely populated city is the capital<br />

Algiers, a megalopolis of more than six<br />

million inhabitants, making it the first<br />

town in the Maghreb.<br />

info@fonkozmetik.com


7 Economic Newspaper<br />

Please mention<br />

“<strong>Made</strong> in Turkey” when writing to advertisers<br />

<strong>June</strong><br />

<strong>2024</strong><br />

The best place to expand<br />

your beauty knowledge<br />

New stage<br />

in Turkiye-Uzbekistan<br />

strategic<br />

partnership<br />

and economic<br />

relations<br />

Kore’nin Önde Gelen Güzellik Fuarı<br />

<strong>In</strong>terCHARM Korea <strong>2024</strong>, 24 - 26 Temmuz<br />

<strong>2024</strong> tarihlerinde Güney Kore’nin<br />

Seul kentindeki COEX’te düzenlenecek<br />

İthalat-ihracat fırsatlarını en üst düzeye<br />

çıkarmak için mükemmel platform<br />

Kore’de Dünyanın Önde Gelen ve<br />

Mutlaka Katılınması Gereken Güzellik<br />

Etkinliği! <strong>In</strong>terCHARM Korea,<br />

uluslararası markaların alıcılarını,<br />

distribütörlerini ve perakendecilerini<br />

bulup büyümeleri için eşsiz bir iş<br />

platformudur.<br />

<strong>In</strong>terCHARM Korea, Kore’deki en büyük<br />

profesyonel B2B güzellik platformudur.<br />

Ağ oluşturma ve eşleştirme<br />

programlarımız aracılığıyla işinizi en<br />

üst düzeye çıkarabilir ve güzellik uzmanlarının<br />

çeşitli konulardaki görüşlerini<br />

dinleyebilirsiniz. Profesyonel<br />

seminer programları aracılığıyla en<br />

yeni çözümler hakkında daha fazla<br />

bilgi edinin.<br />

<strong>In</strong>terCHARM çevrimiçi hizmetleri,<br />

uygun bir ortamda tanışmanıza, iletişim<br />

kurmanıza, fikir alışverişinde<br />

bulunmanıza, deneyim kazanmanıza,<br />

ilham almanıza ve işinizi geliştirmenize<br />

yardımcı olacaktır. En büyük önceliğimiz,<br />

etkinliğe katılımın tüm taraflar<br />

için etkili olmasını sağlamaktır.<br />

En büyük etkinlik<br />

K-Güzellik gerçekten gelişiyor: Kore<br />

kozmetik pazarı şu anda dünyanın<br />

ilk 10’u arasında yer alıyor! <strong>In</strong>terC-<br />

HARM Kore, güzellik endüstrisinin<br />

tüm kesimlerini bir araya getiren,<br />

kozmetik güzellik pazarındaki en büyük<br />

etkinliktir. Burada trendler doğar<br />

ve önümüzdeki yıllar için sektör gelişiminin<br />

ana yönleri belirlenir.<br />

Farklı bir iş platformu<br />

<strong>In</strong>terCHARM Kore, alıcı, distribütör<br />

ve perakendeci arayan uluslararası<br />

markaların gelişen güzellik pazarındaki<br />

varlıklarını geliştirmeleri için<br />

farklı bir iş platformu olarak hizmet<br />

vermektedir.<br />

Yeni fırsatları keşfedin ve küresel güzellik<br />

endüstrisinin tüm sektörlerinde<br />

Asya’daki ağınızı genişletin. Gelişmeler<br />

için bizi izlemeye devam edin ve<br />

sizi <strong>In</strong>terCHARM Kore <strong>2024</strong>’te görmeyi<br />

dört gözle bekliyoruz!”<br />

Kore’deki güzellik endüstrisinin ana<br />

etkinliğine katılın!<br />

Güzellik endüstrisinin en prestijli<br />

buluşmasının bir parçası olmak için<br />

bu inanılmaz fırsatı KAÇIRMAYIN,<br />

trendlerin doğduğu ve bağlantıların<br />

kurulduğu yer!<br />

<strong>In</strong>terCHARM’ı ziyaret edin:<br />

Öncelikli Erişim: Kalabalıktan sıyrılın<br />

ve en son güzellik buluşlarını, en yeni<br />

ürünleri ve çığır açan teknolojileri ilk<br />

keşfedenler arasında olun<br />

Ağ Oluşturma Fırsatları: Dünyanın<br />

dört bir yanından güzellik meraklıları,<br />

markalar ve potansiyel iş ortakları<br />

ile bağlantı kurun.<br />

Uzman Görüşleri: Büyüleyici seminerler<br />

aracılığıyla uzmanlıklarını<br />

paylaşacak olan sektör liderleri, tanınmış<br />

güzellik profesyonelleri ve<br />

trend belirleyicilerden paha biçilmez<br />

bilgiler edinin<br />

Gösteriler ve Ürün Denemeleri: Çığır<br />

açan güzellik çözümlerini ilk elden<br />

keşfetmenizi ve test etmenizi sağlayan<br />

canlı gösterileri, ürün denemelerini<br />

ve interaktif vitrinleri deneyimleyin.<br />

<strong>In</strong>terCHARM 2023:<br />

Kore, <strong>Türkiye</strong>, Çin, Fransa, Polonya,<br />

yakın ve uzak ülkelerden 500’den fazla<br />

katılımcı,<br />

İşbirliğine ve yeni pazar fırsatlarına<br />

açık 200’den fazla yeni katılımcı,<br />

”All about that Beauty” seminerinde<br />

50’den fazla konuşmacı - güzellik sektörünün<br />

uzmanları, kanaat önderleri,<br />

İş eşleştirme: Katılımcılarla önceden<br />

toplantılar düzenlemek için kullanılabilir,<br />

Yüzlerce güzellik markası salonlar,<br />

klinikler, perakendeciler ve distribütörlerle<br />

işbirliği yapmaya hazır.<br />

Erdoğan receives Uzbek<br />

President in Ankara for<br />

bileteral talks<br />

Continued From Page 1<br />

They then visited an exhibition featuring<br />

handmade products and enjoyed<br />

Turkish coffee together.<br />

<strong>In</strong> a statement posted on social media,<br />

Emine Erdoğan expressed pleasure<br />

in welcoming the Uzbek first<br />

lady, as she thanked her for gifting<br />

precious books in the Uzbek language<br />

to the Presidential Library collection.<br />

“I hope that each rare book will remain<br />

as a mark of our rooted friendship<br />

with Uzbekistan to be transferred<br />

to future generations,” the first lady<br />

said.<br />

After Mirziyoyev took office, positive<br />

steps were also taken on the visa issue,<br />

which had been a long-standing<br />

concern among Turkish businesspeople.<br />

<strong>In</strong> 2017, the Uzbek government issued<br />

a decree granting visas to Turkish<br />

citizens within three days. Turkish<br />

citizens then received a 30-day visa<br />

exemption in February 2018.


Economic Newspaper <strong>June</strong><br />

8 Please mention<br />

<strong>2024</strong><br />

“<strong>Made</strong> in <strong>Türkiye</strong>” when writing to advertisers<br />

GEN has signed<br />

an important<br />

collaboration in<br />

the field of HIV<br />

and cancer<br />

Early diagnosis plays a critical role in MPS disease<br />

Mucopolysaccharidoses (MPS),<br />

a subtype of Lysosomal Storage<br />

Diseases (LSD), are rare diseases<br />

caused by a deficiency of<br />

enzymes in the body that break<br />

down substances called Glycosaminoglycans.<br />

This deficiency can<br />

lead to the accumulation of these<br />

substances in lysosomes and,<br />

over time, to problems in cells<br />

and organs.<br />

Depending on which lysosomal enzyme<br />

is deficient, the symptoms of MPS can<br />

vary depending on the severity and rate<br />

of progression of the disease.<br />

Takeda, one of the main focus areas<br />

of rare genetic diseases, offers comprehensive<br />

and effective healthcare<br />

solutions by focusing on the needs of<br />

patients under the leadership of science<br />

with the know-how brought by 243<br />

years of experience. Delivering Takeda’s<br />

globally developed up-to-date treatment<br />

methods to patients in <strong>Türkiye</strong>,<br />

Takeda <strong>Türkiye</strong> continues its activities<br />

to make a meaningful difference in the<br />

lives of patients and their relatives.<br />

Ömür Mangaloğlu, General Manager of<br />

Takeda <strong>Türkiye</strong>, emphasizes that some<br />

clinical features such as short stature,<br />

cognitive impairments, skeletal disorders,<br />

prominent facial features, hearing<br />

loss and cardiovascular diseases are<br />

common in MPS types.<br />

Mangaloğlu said, “Symptoms of rare<br />

genetic and metabolic diseases may<br />

differ from person to person and may<br />

progress at different rates. Therefore,<br />

early diagnosis is very important. To<br />

this end, we support global education<br />

and awareness-raising activities on the<br />

disease, develop scientific relations<br />

with all Pediatric metabolism clinics in<br />

<strong>Türkiye</strong>, and strive to increase access to<br />

early and accurate diagnosis by conducting<br />

informative activities with General<br />

Pediatrics clinics. We are committed to<br />

reducing the time between the onset of<br />

symptoms and diagnosis and improving<br />

the quality of life of patients by developing<br />

innovative treatment methods. <strong>In</strong><br />

rare diseases, there are areas for improvement<br />

in patient access to diagnosis<br />

and treatment. As it is a rare disease<br />

group, the development of innovative<br />

treatments and subsequent access to<br />

Ömür Mangaloğlu,<br />

General Manager of Takeda <strong>Türkiye</strong><br />

treatment is critical. As Takeda, we will<br />

continue to work hard in this field and<br />

continue to have a positive impact on<br />

the lives of our patients.”<br />

GEN signed an important partnership and cooperation<br />

agreement with Jaguar Health <strong>In</strong>c.. <strong>In</strong><br />

line with this agreement, GEN became a 6.7%<br />

partner in Jaguar Health <strong>In</strong>c. through participation<br />

in the capital increase, and also reached an<br />

agreement on the production and marketing of<br />

the company’s drug, which is planned to help<br />

prevent diarrhea problems related to HIV and<br />

cancer treatment.<br />

GEN, one of the fastest growing companies in<br />

the Turkish pharmaceutical industry with over<br />

25 years of experience, has added a new one to<br />

its global business partnerships. GEN, which offers<br />

innovative and high-quality health solutions<br />

in many areas, especially rare diseases, signed<br />

an agreement with Jaguar Health <strong>In</strong>c. by proving<br />

once again its reliable power in production.<br />

GEN, which has become a 6.7% partner in Jaguar<br />

Health <strong>In</strong>c., one of the companies traded on<br />

the American Nasdaq stock exchange, through<br />

participation in the capital increase, has also signed<br />

an agreement for the company’s product,<br />

which is expected to have a significant impact.<br />

GEN agreed to collaborate on the drug developed<br />

by Jaguar for all indications, including diarrhea<br />

associated with HIV and cancer treatment.<br />

Jaguar Health <strong>In</strong>c. is involved in the production<br />

and sales of the drug, whose Phase 3 clinical trials<br />

are ongoing and whose active ingredient is<br />

FDA (American Food and Drug Administration)<br />

approved, in national and international markets.<br />

By reaching an agreement with GEN, it has taken<br />

another important step towards its global<br />

growth target.<br />

Novartis is on the “Best Employers” list for the 9th time in a row!<br />

Novartis <strong>Türkiye</strong>, which puts its<br />

signature under innovative practices<br />

with the importance it attaches to<br />

corporate culture and employee<br />

experience, was listed among <strong>Türkiye</strong>’s<br />

Best Employers for the 9th time in the<br />

“<strong>2024</strong> <strong>Türkiye</strong>’s Best Employers” survey<br />

conducted by the Great Place to Work<br />

<strong>In</strong>stitute.<br />

Novartis, which adopts the approach<br />

that happy and peaceful employees<br />

are the basis of lasting success, was<br />

awarded this year with its employeeoriented<br />

practices. Novartis <strong>Türkiye</strong> was<br />

listed as the “Best Employer” for the<br />

9th time in a row in the “<strong>2024</strong> <strong>Türkiye</strong>’s<br />

Best Employers” survey organized<br />

by the Great Place to Work <strong>In</strong>stitute,<br />

one of the leading organizations in<br />

measuring workplace culture and<br />

employee experience.<br />

Özlem Sökmen, People and<br />

Organization (HR) Director at Novartis<br />

<strong>Türkiye</strong> expressed her happiness<br />

to be listed among <strong>Türkiye</strong>’s “Best<br />

Employers” by the Great Place To Work<br />

<strong>In</strong>stitute and shared the following:<br />

“Novartis <strong>Türkiye</strong>’s inclusion in the ‘Best<br />

Employers’ list for the 9th consecutive<br />

year underlines our commitment to<br />

fostering a workplace culture that<br />

prioritizes employee well-being and<br />

satisfaction. At Novartis, we believe<br />

that happy and fulfilled employees<br />

are the foundation of sustainable<br />

success. Our unwavering commitment<br />

to this belief has once again earned<br />

us recognition in the ‘<strong>2024</strong> <strong>Türkiye</strong>’s<br />

Best Employers’ survey conducted<br />

by Great Place to Work. At Novartis<br />

<strong>Türkiye</strong>, I am very proud of our team’s<br />

achievements and the recognition of<br />

our employee-focused practices. Our<br />

continued inclusion on this esteemed<br />

list reflects our ongoing efforts to<br />

provide meaningful opportunities for<br />

professional development, promote<br />

work-life balance and further develop<br />

our innovative culture. We will continue<br />

to uphold our values and continuously<br />

improve our practices to ensure that<br />

Novartis <strong>Türkiye</strong> remains a workplace<br />

where every employee feels valued,<br />

respected and empowered to thrive. I<br />

would like to extend my sincere thanks<br />

to all Novartis <strong>Türkiye</strong> employees who<br />

played a major role in this significant<br />

achievement.”


9 Economic Newspaper<br />

Please mention<br />

“<strong>Made</strong> in Turkey” when writing to advertisers<br />

<strong>June</strong><br />

<strong>2024</strong><br />

Catering containers of world aviation giants from Turkish company<br />

SEM Plastik, which manufactures products such as food containers, cups, tray sets and tableware used in more than 50 airlines around the world, presented its new<br />

sustainable product groups to the world airlines at the Aircraft Cabin Equipment and Catering Fair held in Hamburg, Germany. Stating that they manage global operations<br />

in the use of recycled materials, bioplastics and closed cycle recycling systems on sustainability, Yavuz Eroğlu, Chairman of the Board of Directors of SEM Plastik,<br />

underlined that they are the 5th largest company in the world in this field.<br />

from design to prototype and from prototype<br />

to product, Eroğlu said, “We are the 5th largest<br />

company in the world in this field. Regarding<br />

sustainability, we manage global operations in<br />

the use of recycled materials, bioplastics and<br />

closed cycle recycling systems. Many special<br />

products, including plastic fireproof plates and<br />

cups in which food is cooked, are used by the<br />

world’s largest airline companies.”<br />

Aircraft <strong>In</strong>teriors Expo / Aircraft Cabin Equipment<br />

and Catering Exhibition (AIX), one of<br />

the most prestigious exhibitions of the aviation<br />

industry, was held in Hamburg, Germany<br />

between May 28-30, <strong>2024</strong>. A wide range of<br />

products from aircraft seats to lighting systems,<br />

in-flight entertainment and connectivity<br />

systems, interior decoration solutions and catering<br />

services were exhibited at the exhibition,<br />

where the latest developments in in-flight comfort,<br />

safety, entertainment and communication<br />

technologies were revealed.<br />

Marked the fair with sustainable products<br />

Stating that they produce products such as<br />

food containers, cups, tray sets and tableware<br />

used in more than 50 airlines in the world such<br />

as THY, Emirates, Qatar, Lufthansa, Austrian<br />

Airlines and Singapore Airlines, Yavuz Eroğlu,<br />

Chairman of the Board of Directors of SEM<br />

Plastik, said that they attracted the attention<br />

of all participants at the fair, especially with<br />

in-cabin sustainable catering concepts and<br />

equipment. Explaining that sustainability is becoming<br />

increasingly important in airlines and<br />

that they have made important innovations in<br />

this regard, Eroğlu stated that they presented<br />

new product groups focused on sustainability<br />

to the taste of world airlines.<br />

Noting that they design according to the customer’s<br />

request and carry out studies to maximize<br />

the passenger experience on the road<br />

Eroğlu continued his words as follows:<br />

“<strong>In</strong> the last year, our first prize in ‘Circular Plastics<br />

Management’ at the Sustainable Business<br />

Awards and the ‘Closed Cycle Recycling Project<br />

of Trays at Pegasus Airlines’, in which we<br />

won first prize in the Plastic Recycling Competition,<br />

attracted great attention. As SEM, we sell<br />

RPET cups, which are produced from recycled<br />

bottles with lower carbon emissions than all alternatives<br />

and have international certification,<br />

to many airlines. <strong>In</strong> addition, our design team<br />

carries out all the design, modeling, prototype<br />

and pilot production stages of an airline from<br />

scratch for economy, business and first class<br />

concepts. With the labor of our local designers<br />

and engineers, we make our mark on the products<br />

of 50 airlines around the world.”<br />

Special thanks to THY and Turkish Do&Co<br />

Emphasizing that Turkish Airlines and Turkish<br />

Do&Co have a special place for them, Eroğlu<br />

said, “<strong>In</strong> our cooperation with THY, which has<br />

been going on for nearly 40 years, we develop<br />

sustainable, useful and stylish equipment that<br />

enables passengers to travel pleasantly. <strong>In</strong> this<br />

process, we owe them a debt of gratitude for<br />

giving us the opportunity to replace almost all<br />

of the products, all of which came from abroad<br />

years ago, with domestic products created with<br />

the labor of Turkish engineers and designers,<br />

and for their support in transforming us into a<br />

global manufacturer of in-cabin catering containers.”<br />

On the other hand, in addition to SEM Plastik,<br />

Turkish companies such as Turkish Cabin<br />

<strong>In</strong>teriors, Turkish Airlines (THY) and Kordsa<br />

also made a show in the international arena.<br />

Consul General of Hamburg Emine Derya<br />

Kara and Hamburg Commercial Attaché Yıldız<br />

Onur also visited the Turkish companies in the<br />

fair area and received information about their<br />

work. AIX, where agreements were signed for<br />

collaborations and new projects between leading<br />

companies in the sector, is of great importance<br />

for players in the global supply chain to<br />

establish strategic partnerships.<br />

1.43 kilograms of cabin waste is produced in<br />

one flight<br />

At a time when environmental awareness is<br />

paramount, the travel industry is increasingly<br />

recognizing the importance of in-flight sustainability.<br />

According to the latest data from<br />

the <strong>In</strong>ternational Air Transport Association<br />

(IATA), a passenger generates an average of<br />

1.43 kilograms of cabin waste on short and<br />

long-haul international flights. Of this, 23 percent<br />

is untouched food and beverages and 17<br />

percent is recyclable materials such as plastic<br />

bottles and newspapers.


Economic Newspaper <strong>June</strong><br />

10 Please mention<br />

<strong>2024</strong><br />

“<strong>Made</strong> in <strong>Türkiye</strong>” when writing to advertisers<br />

Exciting collaboration with Aveda’s<br />

new star Antonia Gentry<br />

ls, frizz and natural hair look. I<br />

am thrilled to work with Aveda<br />

and continue to celebrate the<br />

beauty of textured hair.”<br />

RECEP ARSLANTAŞ<br />

COORDINATOR<br />

recep.arslantas@img.com.tr<br />

Our feet hurt,<br />

not our heads<br />

I would like to thank Peggy<br />

Davies, President of PLMA,<br />

and the entire staff for hosting<br />

brands from around the world,<br />

visitors and other industry stakeholders<br />

who were in Amsterdam<br />

to learn about what’s new,<br />

innovations and industry trends.<br />

The busy booths, the bustle<br />

in the aisles and the hustle and<br />

bustle between the halls were all<br />

signs of a successful show. It was<br />

exciting to get new ideas and<br />

new business contacts brought<br />

a smile to faces. At PLMA Amsterdam<br />

this year, we had sore<br />

feet from the hustle and bustle,<br />

but I am happy to report that<br />

there were no disappointments<br />

and no headaches. This shows<br />

that the fair was a success and<br />

everyone left Amsterdam satisfied.<br />

Many brands are already<br />

looking forward to PLMA Amsterdam<br />

on May 20-21, 2025.<br />

Goodbye until we see you in the<br />

July issues of Beauty <strong>Türkiye</strong>,<br />

<strong>Made</strong> in <strong>Türkiye</strong> export newspaper<br />

and Medikal Teknik magazine.<br />

Actress Antonia Gentry brings<br />

a new twist to wavy and<br />

curly hair with be curly advanced!<br />

Aveda, the leading vegan and<br />

plant-based high-performance<br />

hair care brand, is excited to<br />

announce the launch of Aveda<br />

be curly advanced, designed<br />

specifically for wavy and curly<br />

hair. The launch of this innovative<br />

collection is in collaboration<br />

with celebrity actress Antonia<br />

Gentry. The Aveda be curly<br />

advanced campaign celebrates<br />

natural beauty and individuality,<br />

and Gentry, the star of the<br />

campaign, is featured with her<br />

natural curls.<br />

Renée Gadar, the Global Artistic<br />

Director of Texture at<br />

Aveda, said: “Aveda be curly<br />

advanced reflects the values<br />

at the heart of Antonia Gentry,<br />

the epitome of confidence,<br />

beauty and individuality. Her<br />

unique story will inspire many<br />

to accept and celebrate their<br />

natural hair. Designed by women,<br />

Aveda be curly advanced<br />

empowers women like Antonia<br />

to fearlessly accept the texture<br />

of their natural hair. Antonia<br />

is the perfect partner to inspire<br />

others to love their curls.”<br />

Gentry’s journey with her natural<br />

curls is a beautiful story<br />

of discovery. Faced with the<br />

challenge of understanding<br />

and caring for her natural hair<br />

texture, Gentry discovered the<br />

transformative power of high-performance<br />

curl care and<br />

began to celebrate her natural<br />

hair. Gentry’s curly hair story is<br />

about the strengthening nature<br />

of curly hair, as highlighted by<br />

the Aveda be curly advanced<br />

collection.<br />

Gentry expresses her excitement<br />

about the collaboration:<br />

“I’m proud to partner with Aveda<br />

to tell my curl story. Aveda<br />

be curly advanced is not only<br />

a great option for hair care, it’s<br />

the ideal product for anyone<br />

who wants to elevate their cur-<br />

Gentry will be featured on Aveda<br />

social media platforms, digital<br />

campaigns and in Aveda<br />

stores and salons worldwide,<br />

launching the #GetCurlyWith-<br />

Me social campaign, encouraging<br />

people to share their own<br />

unique curl stories and celebrate<br />

the beauty of textured hair.<br />

With her natural charisma and<br />

candid personal experiences,<br />

Gentry will help others accept<br />

their natural curls and wear<br />

them with pride.<br />

Aveda be curly advanced consists<br />

of seven products designed<br />

to cleanse, condition, prepare<br />

and style textured hair, offering<br />

a multi-purpose care regimen<br />

that can be personalized according<br />

to hair type.<br />

Biotechnological<br />

revolution from<br />

Seltek Group!<br />

Continued From Page 1<br />

Morphiya HybrosomeTM technology is revolutionizing<br />

the health sector by offering significant<br />

potential in the treatment of different<br />

diseases. This innovative technology, developed<br />

under the leadership of Turkish scientists and<br />

physicians, including Assoc. Prof. Dr. Tunç Tiryaki,<br />

enables the emergence of new generation<br />

products in skin care and wound healing.<br />

Seltek Group introduced this innovative product<br />

with the launch of “Morphiya HibrozomTM<br />

Technology” on May 16, <strong>2024</strong> at Hilton Bomonti<br />

Hotel. Seltek Group, which aims to contribute<br />

to <strong>Türkiye</strong>’s rising value in the field of medical<br />

aesthetics, will continue to reinforce its leading<br />

position in the sector.

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