Nail Olpak

DEİK to lobby for modernization of customs union with EU

The Foreign Economic Relations Board (DEİK) will be lobbying for the modernization of the customs union between Türkiye and the European Union, says Nail Olpak, the president of DEİK.

The upcoming elections for EU Parliament pose a risk as the elections may slow down the process, Olpak told a group of journalists in Istanbul.

Finance minister meets with business world

Treasury and Finance Minister Nureddin Nebati has said he had a "fruitful" meeting with the representatives of the business world in Istanbul.

"We held a productive meeting today with our representatives from the business world, the real sector and [nongovernmental organizations] NGOs," Nebati wrote on his Twitter account on Dec. 11 after the meeting.

Turkish trade body, German SMEs group ink cooperation deal

The Foreign Economic Relations Board of Turkey (DEIK) signed an agreement with the German Association for Small and Medium-sized Businesses (BVMW) on Oct. 28.

A memorandum of understanding was signed at the DEIK headquarters in Istanbul by Nail Olpak, head of the DEIK, and Markus Jerger, general manager of the BVMW.

Turkish businesses voice unity 5 years after defeated coup

Turkish business representatives released strong messages of unity and solidarity on the fifth anniversary of a defeated coup attempt in the country on July 15, 2016.

Nail Olpak, head of the Foreign Economic Relations Board of Turkey (DEIK), said the nation stood firm against the coup attempt of the FETÖ, which sought to plunge Turkey into darkness.

Turkey's GDP growth 'praiseworthy': Business world

Members of Turkey's business community hailed the country's economic performance based on its gross domestic product (GDP) growth rate last year according to data released on March 1 by the country's statistical authority. 

Turkey's economy expanded 1.8% year-on-year in 2020 despite the economic fallout from the coronavirus pandemic, said the Turkish Statistical Institute (TÜİK).

Turkish officials stress need to update customs union

The landmark free trade agreement signed between Turkey and the U.K. has shown that the European Union Customs Union falls behind on many fronts, a top Turkish official said on Jan. 6. 

The deal between Ankara and London signed last week could be a model for updating the customs union, said Nail Olpak, the head of Turkey's Foreign Economic Relations Board, at a virtual meeting.

Turkey, Italy eyeing $30 bln trade volume

Turkey and Italy are aiming to reach a bilateral trade volume of $30 billion from the current $20 billion, the Turkish trade minister said on Dec. 10.

Italy is an important trader partner serving as the third-largest export destination for Turkish goods and is the fourth-largest importer for the country, said Ruhsar Pekcan at the Joint Economic and Trade Committee (JETCO) meeting.

Pages