Economy - Ufuk News

10 Trillion Dollar Global Investment Expectation in Nuclear Energy

10Jul

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10 Trillion Dollar Global Investment Expectation in Nuclear Energy

An important session on 'Nuclear Energy Financing' was held at the 10th Nuclear Power Plants Summit - NPPES, organised by Ankara Chamber of Industry (ASO) and Nuclear Industry Association (NSD). How to finance nuclear energy investments to achieve the zero carbon target was discussed. During the session, it was predicted that the total global investment volume in nuclear energy could exceed USD 10 trillion in the next 20 years.The session was chaired by Tim Yeo, President of the New Nuclear Watch Institute (NNWI). Session speakers included Daniel Dean, Founder and President of the International Bank for Nuclear Infrastructure (IBNI), Vincent Zabielski, Partner in Energy and Natural Resources at Pillsbury Winthrop Shaw Pittman, and Alexander Temkin, Director of Technology and Transactio...

President Biden Congratulates UK Prime Minister Keir Starmer in First Call

6Jul

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Currency

President Biden Congratulates UK Prime Minister Keir Starmer in First Call

In a call today, President Joseph R. Biden, Jr. congratulated Keir Starmer on his recent appointment as Prime Minister of the United Kingdom. The conversation underscored the enduring special relationship between the U.S. and the UK, emphasizing the importance of their collaborative efforts to promote freedom and democracy globally.President Biden expressed his eagerness to work closely with Prime Minister Starmer on a wide range of critical issues affecting both nations. He reiterated his commitment to strengthening U.S.-UK cooperation across various shared interests. Both leaders reaffirmed their unwavering support for Ukraine amidst ongoing aggression from Russia, highlighting the need for continued solidarity.The discussion also touched on the importance of preserving the gains...

Fishery and Animal Products Sector Sets Sights on Kenya

8Sep

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Economy

Fishery and Animal Products Sector Sets Sights on Kenya

The Turkish fishery and animal products sector, the only sector to meet its 2023 export goals, is actively seeking new markets to achieve its target of $5 billion in exports. As part of its efforts to find new markets, the shining star of exports, the Turkish fishery and animal products sector, has set its sights on the African market, particularly Kenya, aiming to reach a new market worth $100 million in Africa.The Aegean Fishery and Animal Products Exporters' Association, the leader in fishery and animal products exports in Turkey, aims to explore the African market with the UR-GE project called "Aegean Fishery and Animal Products." They participated in the Kenyan Food Event Fair, which took place from September 5th to 7th, 2023, in Nairobi, Kenya, to promote and conduct tasting even...

4Sep

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Economy

Inflation Hits Workers in Europe Too

The status of workers' salaries in the face of inflation and the economic effects of wage increases continue to be significant topics of debate in both Turkey and European countries. OECD data shows that, except for Belgium, employee wages have decreased across Europe.Variations in Wage Adjustments Across European CountriesLong-term, it is believed that the price-wage spiral will continue to have negative effects on the entire Eurozone. Wage increases are a prominent topic in European countries as well, with varying wage regulations among nations.Legal Aspects of Eroding Salaries in the Face of InflationWhen examining salaries from a legal perspective in Europe, different practices can be observed. Countries like Belgium and Luxembourg automatically adjust wages for inflati...

Malatya Apricot Trading Center is Counting Down

3Sep

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Economy

Malatya Apricot Trading Center is Counting Down

Selahattin Gürkan, the Mayor of Malatya Metropolitan Municipality, visited the construction site of the Malatya Apricot Trading Center. Mayor Gürkan emphasized that important steps will be taken to transform apricots into industrial products with the opening of the Malatya Apricot Trading Center, and that this will increase the income generated from apricots.MALATYA (IGFA) - The Malatya Apricot Trading Center, located in the Yaka neighborhood of the Yeşilyurt district, will be operational shortly.The Malatya Apricot Trading Center, which has already become one of Malatya's and Turkey's prestigious investments, was initiated and is in the final stages of completion to ensure that apricots receive the rightful place they deserve in the world market and achieve price stability.The...