Tag is: the Business Office

Artificial intelligence rises to the top in startup investments

by the Logistics TransportIn the Category: Logistics

According to the data of ⁇ Turkiye Startup Ecosystem Investment Report ⁇ , the artificial intelligence and machine learning sector has become the most active sector with 31 investments in the first half of 2024 and has become the most invested sector of all time. According to the map of artificial intelligence initiatives prepared by the Turkish Artificial Intelligence Initiative (TRAI), the number of artificial intelligence initiatives in Turkey reached 350 ⁇ with 12 initiatives added in the second quarter of this year.

According to the data of ⁇ Turkiye Startup Ecosystem Investment Report ⁇ prepared by Statrtup Centrum, the artificial intelligence and machine learning sector has become the most active sector with 31 investments in the first half of 2024 and has become the most invested sector of all time. Artificial intelligence and machine learning were followed by games with 14 investments, sustainability with 11 investments & environment and fintech sectors with 10 investments.

During this period, the number of artificial intelligence initiatives has also increased. According to the map of artificial intelligence initiatives prepared by the Turkish Artificial Intelligence Initiative (TRAI), the number of artificial intelligence initiatives in Turkey reached 350 ⁇ with 12 initiatives added in the second quarter of this year. Artificial intelligence-based startups, especially used in areas such as health, education, finance and automation, have a great growth potential.

In 2024, the startup ecosystem, led by artificial intelligence, started to move and started to rise again after its poor performance in 2023. A total of $586.8 million was invested in startups in the first half of the year, when a total of 245 startups received investments.

Turkey's startup ecosystem remains attractive

This figure surpasses the investment amount made in the whole of 2023. According to the ⁇ Türkiye Startup Investments ⁇ report prepared by KPMG Turkey M&A and 212 teams, the total transaction volume, which was $1.84 billion in 2022, decreased to $497 million in 2023. The total number of investments was 297.

According to experts, although macroeconomic difficulties and geopolitical tensions in the global economy in 2023 led to a decrease in venture capital investments and transaction volume, the jump in the first half of 2024 shows that the Turkish startup ecosystem remains attractive.

In recent years, R&D and innovation projects, innovative collaborations and initiatives with government incentives have started to attract more attention in Turkey. In this way, investments that will grow startups such as technoparks, technoparks, R&D centers, incubation centers have become more audible.

This mobility is also of great importance in terms of Turkey's development. More flexible, innovative and fast-moving than traditional business models, startups are not only the driving force of the economy, but also play a key role in the transformation of businesses and industries.

⁇ Plays an important role in development ⁇

Dr. R. Erdem Erkul, founder and chairman of the board of directors of Cerebrum Tech, a domestic technology company that is one of the leading technology manufacturers of the sector, says that startups fed by the idea of entrepreneurship have become important for the socio-economic development of countries where innovative ideas and investments are important. According to Erkul ⁇ a, the flexible, solution-oriented and adaptive structure of startup ⁇ s, fast growth and big impacts lead the world to startup ⁇ s.

Startups, whose role in the business world is becoming more and more prominent, are also among the decisive wheels in the economic cycle. Rapidly growing startups increase employment by hiring more. These structures, which stimulate market competition with innovative ideas and technologies, force traditional companies to act in line with technological developments and transformations and expand the share by directing the business cycles of classical structures to more dynamic areas.

The growth of start-ups also creates an ecosystem that supports them. In this ecosystem, there are service providers, investors, consultants and other companies that want to do business with startups. Such ecosystems add vitality to economies and stimulate economic growth.

Funded through venture capital and other investments, these investments strengthen the entrepreneurial ecosystem and pave the way for more entrepreneurs to succeed in the future. This supports economic growth and innovation.

Successful startups often compete not only in local markets, but also in national and international markets. This increases Turkey's economic competitiveness and export potential.

⁇ Contribute to the country's economy ⁇

According to Erkul ⁇ , when we look at startups and the overall outlook of the startup ecosystem in our country, it can be said that the Turkish economy is competitive, that the private sector holds the potential to lead different initiatives, and that the public sector has a regulatory role that can cooperate with the private sector. With these features, Erkul states that successful startups emerging from Turkey's startup ecosystem will pave the way for new startups and contribute to the economy of our developing country: In this way, we can rise to the level of contemporary civilizations and produce our high value-added products ourselves and take our place in the international market. Increased support and interest in the startup ecosystem; It is in the best interest of all of us to take steps to transform knowledge into practice, labor, technology and capital.

Turkey wants Turkmenistan to gain full membership in the Organization of Turkic States

by the Logistics TransportIn the Category: Logistics
Turkey's Ambassador to Ashgabat Ahmet Demirok,

Republic of Turkey

With the help of

Republic of Turkmenistan

He assessed the relations between the two countries and their cooperation.

Reminding that Turkey was the first country to recognize the independence of Turkmenistan, Demirok stated that Turkey was the first country to open an embassy in Ashgabat, and that Turkish official institutions, business people and non-governmental organizations stood by their Turkmen brothers in the process of transforming independent Turkmenistan into a modern country.

Demirok said that Turkey fully supports Turkmenistan's policy of active neutrality and emphasized that the deep-rooted relations between Turkey and Turkmenistan based on common history, language, religion and culture are developing day by day on the basis of mutual respect, cooperation and common interests.

Stating that Turkmenistan made a great development move under the leadership of National Leader Arkadağ Gurbanguly Berdimuhamedov ⁇ and that the development of the country continued under the leadership of President Serdar Berdimuhamedov ⁇ , Demirok said:

    Our relationships are developing in many different areas. This momentum in our relations with Turkmenistan is reflected in the course of our commercial and economic cooperation. Turkey continues to be one of the largest trading partners of Turkmenistan. Turkey's total trade volume with Turkmenistan in 2023 is 2.6 billion dollars. We think that this figure can increase even more in the near future and we can easily reach our common goal of 5 billion dollars of trade volume. ⁇

Noting that mutual high-level visits between Turkey and Turkmenistan have increased significantly in recent years, Demirok said, "We continue our efforts to further improve our current cooperation with ⁇ Turkmenistan ⁇ ."

⁇ We would like Turkmenistan ⁇ to join TDT ⁇ as a full member ⁇

Reminding that Turkmenistan became an observer member of the Organization of Turkic States (OTS) in 2021, Demirok said:

⁇ TDT is a family assembly that aims to increase interaction and cooperation between Turkish states. We wish Turkmenistan to join TDT ⁇ ye and TURKPA ⁇ as full members. Turkmenistan is a very important member of the Turkic world family. We firmly believe that with Turkmenistan's recent full membership in TDT ⁇ , cooperation in the Turkic world will be further strengthened. The Turkic world stands out as an area of prosperity and stability in the region with its human resources, natural resources, social economic and technological capacity. We believe that Turkmenistan, which is strategically located in Central Asia in terms of transportation routes and energy resources, will also make an extremely important contribution to this whole.

Referring to the energy cooperation between Turkey and Turkmenistan, Demirok recalled that in March, the two countries signed the Memorandum of Understanding on Mutual Cooperation on the Development of Cooperation in the Natural Gas Field and the Declaration of Intent on Cooperation on Hydrocarbon Resources.

Recalling that Minister of Energy and Natural Resources Alparslan Bayraktar ⁇ visited Turkmenistan in July and held talks with the authorities on improving cooperation in the field of electricity and mining, especially in the supply of Turkmen natural gas to Turkish and European markets, Demirok said:

In his interview with the press on the occasion of his visit to Bayraktar, Mr. Bayraktar stated that it is aimed to purchase 2 billion cubic meters of natural gas from Turkmenistan in the first place by swap method and in the long term, 15 billion cubic meters of natural gas for 20 years with a Caspian transit pipeline, and to reach a volume of 300 billion cubic meters in total. Mr. Bayraktar also pointed out that the issue of co-production in the natural gas fields in Turkmenistan was also discussed during the meetings and stated that the cooperation opportunities between BOTAŞ and the relevant Turkish companies and the Turkmen side, including the issues of natural gas storage and distribution, were evaluated.

⁇ Transportation of Turkmen natural gas to Europe via Turkey has been on the agenda for a long time ⁇

Demirok said the following about the role Turkey can play in transporting Turkmen natural gas to Europe:

After the independence of ⁇ Turkmenistan ⁇ , some documents were signed between the relevant Turkish and Turkmen authorities and important negotiations were held to improve cooperation in the field of energy. The issue of transporting Turkmen natural gas to our country and to Europe via Turkey has been on the agenda for a long time. In the context of political and economic instabilities in the world, as well as environmental concerns such as the green transformation process, we think that we are passing through a favorable period for the transportation of Turkmen gas to Western markets. We believe that this window of opportunity will not remain open forever and that cooperation should be started as soon as possible. Therefore, in the short term, we think that starting cooperation by using the existing infrastructure will benefit all parties participating in the cooperation with the win-win formula by eliminating the infrastructure deficiencies that may be needed in the medium and long term and strengthening the cooperation to be established by making new investments.

⁇ Turkmenistan is at the strategic crossroads ⁇

Referring to the importance of Turkmenistan in terms of transportation lines, Demirok said that this country is located on the Central Corridor route that will connect China to Europe via the Caspian Sea.

Demirok stated that the Central Corridor extends from Turkey to Georgia, Azerbaijan and the Caspian Sea, respectively, with railway and road connections, and from the Caspian to China by following the route of Turkmenistan, Uzbekistan, Kyrgyzstan or Kazakhstan.

    In this context, the ports of Alat of Azerbaijan, Aktau of Kazakhstan and Turkmenbashi of Turkmenistan are used for combined transportation via the Caspian Sea. Turkmenistan, which combines Hazar ⁇ i and Çin ⁇ i on the east-west axis and Russia, Kazakhstan and Iran and Pakistan ⁇ on the north-south axis in Central Asia, is at the strategic junction. Turkmenistan's strategy of reviving the Great Silk Road is in line with the initiative of Çin ⁇ in ⁇ Belt and Yol ⁇ . Turkmenistan creates a versatile and harmonious logistics system in the east-west and north-south directions. Turkmenistan aims to fully reveal the potential of intercontinental transport with all modes of transport, including railway, road, air, and to create logistics terminals at the ports. ⁇

Approval from SPK to TEKNOSAB Logistics Park Venture Capital Investment Fund

by the Logistics TransportIn the Category: Logistics

Bursa Chamber of Commerce and Industry (BTSO) Chairman İbrahim Burkay, TEKNOSAB ⁇ da, the Venture Capital Investment Fund model of the Logistics Park project they plan to implement the Capital Markets BoardHe announced that he had received approval from ⁇ . President Burkay said that they will start the share issuance processes within the framework of the project in a short time.

BTSO August Assembly Meeting was held in Chamber Service Building. BTSO Chairman İbrahim Burkay, in his speech at the meeting, touched upon the importance of improving the investment environment, increasing financing options and developing entrepreneurship support mechanisms. Stating that the financing needed in working capitals and new investments in Turkey is mainly met by banks, President Burkay said that the share of the banking sector in total finance is very high, affecting many factors from access to finance to the health of the financial system. However, it is important to diversify funding from conventional methods, such as in developed economies. Among this diversity, Venture Capital Investment Funds are one of the most important tools. ⁇ said.

Business model according to the change in the world

TEKNOSAB ⁇ da data center project

President Burkay pointed out that technology is causing a rapid change all over the world, ⁇ The biggest shortage of companies is cyber security. It's a fast-changing technology. We need to renew the infrastructure in our company every five years. Otherwise, you cannot keep up with the time and the market. We also designed our DATA Center project, which we planned in TEKNOSAB with the Venture Capital Investment Fund model, with this vision. We need space for our companies in TEKNOSAB to store their information. Here we will store information, not products. I hope this new structure will be one of the largest data centers in Turkey. We will make our Bursa ⁇ an international player in this field with the contributions of our Information Processing and Automation Council ⁇ . ⁇ said.

⁇ We want to have a say in cell production ⁇

Reminding that they established the BB Solar company about 2 years ago in order to strengthen the role of Turkey and Bursa in the field of renewable energy, BTSO Chairman İbrahim Burkay, in consultation with our ⁇ BTSO Energy Council and committees, we aim to raise our investment to a prominent position, especially in cell production. In all three projects, our members will be able to make their investments through the venture capital fund.

⁇ We convey the demands of the real sector on every platform ⁇

Noting that the real sector is in an effort to overcome this period with the least damage in the face of current difficulties, especially high input costs, access to finance and non-competitive exchange rates, Burkay said that it is critical to apply the inflation correction without bringing a new tax burden to companies. As BTSO, Burkay stated that members express their demands on every platform and we are working hard to find solutions. As TOBB Board of Directors, we held a meeting lasting approximately 7.5 hours with our Vice President Cevdet Yılmaz and President of the Presidency Strategy and Budget İbrahim Şenel. In this important meeting, we had the opportunity to consult the problems of our real sector and our solution proposals, especially inflation accounting and access to finance. ⁇

⁇ Concordat should not affect commercial receivables ⁇

President Burkay pointed out that the support of existing companies in the 1st region, technology, promotion, modernization and automation investments are among the priorities of the business world by amending the regional incentive regulation. He said there has been a significant increase in the number of companies declaring concordat in the recent period. İbrahim Burkay, ⁇ In this context, all debt payments of enterprises are frozen, but this situation causes different problems for the commercial creditors of the company in question. In this case, we recommend that commercial receivables be excluded from this process. We foresee that tightening policies in the fight against inflation will continue at least until the end of next year. The short-term working allowance for our businesses must also be reviewed by the end of 2025.

⁇ New KGF programs should be launched for SMEs ⁇

Stating that small and medium-sized companies in particular have difficulties in reaching the loan they need due to both high interest rates and quantity limitations, President Burkay said that they expect the restrictions on commercial loans to be lifted in order for SME companies to survive. Burkay, Chairman of the Board of Directors of BTSO, said that they want new guarantee programs to be launched within the Credit Guarantee Fund for small and medium-sized businesses and public debts to be restructured. Pointing out that the loan interest rates provided by Türk Eximbank should be revised to support the exporter and that the removal of the bank letter of guarantee application in these loans is critical for companies, İbrahim Burkay said that ⁇ Promoting private sector investments and directing capital to the right areas will increase the power of our financial system. With this perspective, as the business world, we desire the preparation and implementation of a Medium-Term Program that lays the groundwork for structural reforms in which investment priorities are determined, resources are effective, production is efficient, added value is high and trade is competitive.

⁇ KFA raises the bar for exhibition success ⁇

BTSO Chairman of the Board İbrahim Burkay said that the KFA Fairs project, which they implemented about 10 years ago in order to improve Turkey's export vision, has gained a structure that realizes giant organizations today. İbrahim Burkay, ⁇ As KFA Fuarcılık, which has successfully carried out many organizations so far, we have undertaken the organization of the IDEF 17 ⁇ th International Defense Industry Fair ⁇ , which is now among the largest defense industry meetings in the world. The fair, which will be held on July 22-27 next year, will be held simultaneously in four different areas. With its new location and structure that will enable international cooperation, IDEF will hopefully be the pride of the Turkish defense industry. Our company KFA Fuarcılık will carry its name as a Bursa brand even higher in the national and international arena. ⁇ said.

Risk management of our companies is of great importance

BTSO Parliament Speaker Ali Uğur stated that the economy is going through a difficult process with increasing global and regional risks, and that the economic impact of the wars that develop in the nearby geography and affect the whole world, the problems in the supply chains and the heavy destruction caused by high inflation increase the uncertainties in front of the business world. Ali Uğur added that risk management access to finance and effective use of resources are vital for businesses.

Bursa Uludağ University Faculty of Economics and Administrative Sciences Lecturer and Economist Assoc. Dr. Filiz Eryılmaz made a presentation about the inflation correction application and its effects on the business world. ⁇ BURSA

Source of: İhlas News Agency / Department of Economics

$55 billion stock crash warns of Chinese economy

by the Logistics TransportIn the Category: Logistics

One of the last bright spots left for consumption in China is rapidly disappearing, as the country's economic shortage has negatively affected demand for even the most accessible goods. In a recent warning to global markets about the health of the Chinese economy, Temu ⁇ 's owner PDD Holdings Inc. surprised investors with an unusually bleak outlook on Monday. The e-commerce firm, which became a favorite of the market with low-priced products that helped revive jobs during China's economic downturn, reported an income that fell short of forecasts. CEO Chen Lei said at least eight times in his post-earnings briefing that incomes and profits should inevitably fall as economic growth slows. Chen, who was also one of the first employees of PDD ⁇ , told analysts that ⁇ We are seeing many new challenges arising from weakening consumer demand, intensifying competition and uncertainties in the global environment ⁇ .

The CEO and his aides took care to emphasize that their long-term confidence in Chinese consumption continues. This balancing is a major priority for Beijing in rebalancing the world's No. 2 economy. But what's done is done. Shares of PDD ⁇ ⁇ wiped out its market value of $55 billion in a record decline. Its closest competitors Alibaba Group Holding Ltd. and JD.com Inc. followed suit. %4 lost its value.

Founded in 2014 by former Google engineer Colin Huang, the company has combined low prices with aggressive rural expansion and game-like elements on its platform to grab market share from Alibaba and JD ⁇ in recent years. He turned this formula into the global e-commerce bargaining app Temu ⁇ , which he launched during the Super Bowl in 2023. Temu, which has become a Shein-like shopping phenomenon, has been one of ABD ⁇ 's most downloaded apps for some time.

This increased the market value of PDD ⁇ by six times from the bottom level in post-Covid 2022, making Huang ⁇ the richest person in Çin ⁇ this month. Huang, however, held the title for just 18 days until Monday's sales. China's less affluent consumers outside its flashy megacities provided the bulk of PDD ⁇ 's success. They are now a source of great uncertainty.

Consumption, the main driver of the economy, weakened this year after a recovery in post-Covid reopening spending last year. In the face of widespread job and salary cuts, as well as falling property prices, Chinese consumers have become more cautious in their spending, leading to price wars in sectors such as cars. Chang Shu and Eric Zhu of Bloomberg Economics, China's e-commerce companies now face a problem that even hard price cuts can't solve: He was a weak consumer, he wrote. From a macroeconomic point of view, the decline in PDD shares points to an important point: Slowing revenue increases and damaged confidence are suppressing consumption. ⁇

Retail sales in the first seven months of 2024 %a little over 3 ⁇ , which was recorded in the pre-pandemic period. %It's much worse than growing above 8 ⁇ . According to a central bank survey in the second quarter, residents' confidence in their future income fell to its worst level since the end of 2022, one of the peak periods of Covid lockdowns. Almost half of the residents surveyed said employment was gloomy and difficult, the highest rate since the end of 2022. Almost two-thirds of those surveyed said they were willing to save more, hovering close to an all-time high recorded last year.

Lei signaled a fundamental shift in consumer behavior, moving away from cheap products that have increased revenue since its inception. In the earnings call, consumers make more careful decisions to balance quality and value. ⁇ In response, we have cooperated with high-quality brands and manufacturers to create customized products that meet these different demands. ⁇

For some investors, PDD executives were just trying to keep expectations from spiraling out of control. After all, as the company does in all quarters except for one. %It may be unreasonable to expect it to continue to grow above 50 ⁇ . Wall Street thought PDD would nearly double its revenue in the June quarter. Comes instead is up. On Monday, executives said they would make large investments to capitalize on future opportunities.

Brock Silvers, general manager of private equity firm Kaiyuan Capital ⁇ , said ⁇ PDD shows that reality will always show itself again ⁇ . In the current environment, the most prudent course of action is not to be exposed to surprises. It is better to announce bad news in advance than to risk being blamed for a later, greater collapse.

In the long run, a lot depends on the job market and how Beijing will drive the economy.

Officials urged public economic enterprises to increase recruitment and vocational training by trying to provide adequate numbers of jobs, even if the economy slows down. But authorities have refrained from providing more direct assistance to consumers, but many economists have called for cash subsidies or consumption checks, at least for low-income groups. They also refrained from taking measures to support the wage increase needed to encourage further spending. Regulatory pressures in a number of industries, from private tutoring to finance, have also made the job market worse over the past few years.

For now, many investors are confident that PDD ⁇ will at least surpass its peers in a turbulent economy. The results of PDD ⁇ mean ⁇ weak consumption and intense competition. According to Morgan Stanley analysts Eddy Wang and Kathy Zhu ⁇ , the management's comments that long-term profitability will decrease are too conservative for us. ⁇ We believe that ⁇ PDD ⁇ is the only Chinese e-commerce player that will outperform growth in the industry. ⁇

Germany and UK to sign new cooperation agreement

by the Logistics TransportIn the Category: Logistics

History of England the Prime Minister Keir Starmer, During his visit to Berlin, he met with German Chancellor Olaf Scholz. Following the meeting, a joint statement on deepening and improving relations between the UK and Germany was issued.

In the joint statement stated that Germany and England have a strong friendship, common values and mutual interests, ⁇We are close partners in Europe and internationally and long-standing allies in NATO. Today, given the common challenges facing our countries, we believe it is time to take our bilateral relations to the next level. To that end, we are beginning work on a bilateral co-operation agreement and will hold intergovernmental consultations to sign early next year.⁇ statement is used.

The agreement will ensure the strongest possible cooperation on the most important issues for the citizens of the UK and Germany, reflecting the status of the two countries as the closest partners in Europe.

The document noted that the Ministries of Foreign Affairs will coordinate the work for negotiating the bilateral agreement in close consultation with the prime minister's offices and relevant ministries, ⁇In this context, we welcome the work carried out rapidly on a new defense agreement between our Ministries of Defense. This agreement constitutes the main pillar of the forthcoming bilateral cooperation agreementIt was called ⁇ .

⁇ We are committed to strengthening Europe's defences ⁇

The joint priorities of the two countries include cooperation in foreign policy, growth of economies, industrial transformation, cooperation between law enforcement agencies and combating irregular migration, youth and education, energy security, climate and nature policy, development policy, transportation and infrastructure, and areas such as technology, research and innovation.

Germany and Britain are committed to defending and promoting peace and security in Europe.We are committed to deterring Russia, maintaining our support for Ukraine and strengthening Europe's defences.⁇ statement is used.

The basis for issuing the certificate of transport of forestry and non-wood products was determined

by the Logistics TransportIn the Category: Logistics

The Regulation on Transport Documents to be Issued to Forestry Emvali or Non-Wood Products prepared by the Directorate entered into force through publication in the Official Gazette.

With the regulation, the procedures and principles for the issuance and use of the transport document used in the transportation of forestry or non-wood products were determined.

Accordingly, a transportation permit will be used in the transportation of industrial woods obtained from state forests, firewood and non-wood products, forests belonging to other than the state and forests produced from places that are not considered forests.

Invoice/delivery note can be used for the transportation of the forest emval to another person or business in the city from the workplace where it is located.

For the transportation of forestry and non-wood products from the forest to the sales places, a dispatch compass will be used, and for the transportation of these from the place where they are to the desired place, an electronic transport document (ETB) will be used.

Forestry or non-wood products to be transported with ETB will be required to be registered with the Forest Information System (ORBIS).

NO TRANSPORTATION CERTIFICATE WILL BE GIVEN FOR PRODUCTS WHICH QUALIFICATION IS UNDERSTANDED

Forest imvali or non-wood products to be transported According to the address registered in the Address Registration System, the route, time of departure, validity period and the width, height and height information of the load on the vehicle for the emval, which is the unit of measurement, will be entered into ORBİS ⁇ by the officer in charge before the vehicle moves after the vehicle is loaded.

Transport documents cannot be issued on behalf of products whose type, type and nature are not clearly and understandably defined in such a way that they can be traced to their source.

Non-wood products obtained from owned lands can be transported with a document to be obtained from the headman.

The suitability of the round tree measurement report issued regarding the emvale obtained as a result of the separation of the trees and tree trees subject to the deed cut made from the owner land, which is not considered a forest, according to their height, will be checked by the forest operation chief, and the obtained emval will be stamped with the stamp of the finished product or marked with the mark that replaces the stamp.

From the source: AA

Uzbek-Afghan relations strengthen

by the Logistics TransportIn the Category: Logistics

The Uzbek delegation held a series of comprehensive meetings with Deputy Prime Minister of Afghanistan Abdul Ghani Baradar, Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi, Deputy Prime Minister for Political Affairs Abdul Kebir and Foreign Minister Amir Khan Muttaki.

Both sides reiterated their commitment to fostering friendly cooperation. In its statement, the Uzbek delegation emphasized that it considers Afghanistan as an integral part of Central Asia and underlined the importance of dialogue with the current government of Afghanistan. President of Uzbekistan Shavkat Mirziyoyev ⁇ 's attitude that international dialogue is vital for positive results in Afghanistan ⁇ was also struck among the words.

The meetings also touched upon the United Nations General Assembly resolution launched by Uzbekistan in 2022 recognizing Afghanistan's important role in linking Central Asia and South Asia. Uzbekistan's proactive approach to constructive dialogue with Afghanistan's interim government is an important step towards regional stability.

Key areas of cooperation such as trade, energy, mining, transportation, logistics, agriculture and water management were discussed in detail. The importance of fully utilising existing resources on a mutually beneficial basis is essential to achieving these goals.

In addition, bilateral investment protection and preferential trade agreements have been identified as critical drivers for the continued development of trade and economic cooperation. Other issues of mutual interest, such as sports, education and regional cooperation, were also discussed.

The visit ended with the signing of several agreements aimed at boosting cooperation between the two countries.

96% savings on pass violation notifications with KEP ⁇

by the Logistics TransportIn the Category: Logistics

ANKARA (İGFA) ⁇ Violated toll registration occurs in the toll collection system when the toll cannot be collected in cases such as the absence of the HGS (Fast Toll System) label on vehicles on toll highways or insufficient balance.

Motorway operator companies have an obligation to inform the owners of vehicles that have violated these crossings.

While traditional methods used for the obligation to provide information lead to cost and time loss, they negatively affect the environment due to the use of paper and logistical needs.

Information provided to vehicle owners by operating companies is carried out digitally by REM (Registered Electronic Mail) instead of traditional methods; costs such as paper, printing, toner, cargo, mail and labor are saved by 96 percent.

Within the scope of the project, which was implemented with an innovative and environmentally friendly approach, the REM addresses of the vehicle owners can be determined through the Central REM Guide and the violation transition notifications can be transmitted to the addressee within minutes. The REM is; In addition to cost, time and labor savings, it also provides a safe and legal communication opportunity. This system eliminates paper and logistical needs, preventing trees from being cut down and reducing the carbon footprint. Thus, KEP offers an environmentally friendly approach to its users.

TÜRKKEP General Manager Olcay Yıldız, who gave information about the advantages of using REM in highway violation transition notifications, drew attention to the fact that the rate of use of REM in our country continues to increase day by day, ⁇ So that REM; It has now become an indispensable part of our lives due to its advantages such as cost savings, the possibility of safe and legal communication and an environmentally friendly approach. As TÜRKKEP, we have signed a very important cooperation with Otoyol A.Ş. Thanks to this cooperation, information about the violating passages carried out by individual and commercial vehicles on the Istanbul-İzmir Highway, which includes the Osmangazi Bridge under the responsibility of Otoyol A.Ş., is now transmitted to their interlocutors through the REM system. The Central REM Guide application implemented by BTK ⁇ (Information Technologies and Communication Authority) enabled this and many similar projects to be realized. As in Otoyol A.Ş., companies and institutions that use REM service can easily query the REM address of the other party through the Central REM Guide integrated into TÜRKKEP systems and send messages within minutes.

Assessing the cooperation with TÜRKKEP, Otoyol A.Ş. Information Technologies Manager Ekrem Gürses, on the other hand, in accordance with the Law No. ⁇ 6001, it is a legal obligation to inform vehicle owners about violated crossings on highways in private enterprises. As Otoyol A.Ş., after our work with TÜRKKEP, a significant part of these notifications started to be made with REM. This application covers the costs of infringing transition notifications %It saved 96%. By determining the REM addresses of vehicle owners through the Central REM Guide, we can carry out our violation transition notifications safely and legally in the digital environment. With this study, we have achieved a significant operational efficiency, especially in terms of the correct use of human resources and time management. In addition, with the digitalization of notifications, we contribute to the protection of the environment by eliminating needs such as paper and mailing and reducing our carbon footprint.

Canada Prepares to Close Railways Due to Business Dispute

by the Logistics TransportIn the Category: Logistics

North American industrial groups and transporters, Canada's two largest railway companies Canadian National Railway (TSX:CNR) and Canadian Pacific (NYSE:CP) face the possibility of a significant outage as Kansas City may experience a simultaneous downtime. This situation, which could lead to billions of dollars in economic damage, has led to widespread concern due to Canada's great dependence on rail transport for various goods such as grain, cars and coal.

Greg Northey, Pulse Canada's vice president of public affairs, described the possible pause as a catastrophe, stressing the severity of the impact it would have on the transport of goods.

The stalemate of negotiations between the railway companies and the Teamsters union led to accusations of mutual misconduct. Both rail operators said they would start laying off workers on August 22 if an employment agreement was not reached, and the union said it was ready to go on strike on the same date.

Sector groups are calling on the Liberal government, led by Prime Minister Justin Trudeau and Labour Minister Steven MacKinnon, to intervene and prevent work stoppage action. The importance of railways is about 380 billion C per year.$ of $277 billion. $) is emphasized by the transportation of goods of value. The Canadian Business Council described the cut as eerie, citing the potential impact on millions of Canadian jobs.

The impending pause also threatens to affect U.S. freight traffic due to close economic ties between Canada and the United States. Canada's Approximate %It exports 75 ⁇ to ABD ⁇ and the railway networks of CN and CPKC ⁇ are connected to many major railway and transportation centers of ABD ⁇ .

CN has announced that it will impose embargoes on new reservations for dangerous goods, safety-sensitive cargoes or refrigerated containers from Canada starting Thursday, and on all intermodal traffic from various U.S. hubs starting Friday.

U.S. rail operator Norfolk Southern (NYSE:NSC) has also imposed embargoes on dangerous and safety-sensitive cargo to or from CN and CPKC ⁇ 's networks.

The possible rail disruption prompted U.S. logistics firm C.H. Robinson ⁇ u to look for additional truck capacity on both sides of the border. Scott Shannon, one of the company's senior executives, highlighted the unprecedented level of disruption that could occur if all trains in Canada stopped.

As pressure on the government to address the situation increases, industry groups point out that Minister MacKinnon ⁇ has the authority to refer the dispute to the country's labour relations board, which could prevent a pause. MacKinnon said he prefers a solution that has been negotiated so far.

The economic repercussions of the railway stoppage are already being calculated. Morgan Stanley warned customers earlier this week that Glencore ⁇ un (OTC:GLNCY) could lose more than $100 million a week in pre-tax earnings due to a disruption of coal shipments from its Elk Valley Resources unit. Meanwhile, the Chemical Industry Association of Canada has raised concerns about chlorine shipments, which are vital to maintaining drinking water quality.

CEO Bob Masterson highlighted the inadequacy of trucking resources to compensate for rail capacity, stressing that there is typically no viable alternative to rail transport for the volume of goods transported.

The currency conversion rate mentioned is 1 $ ⁇ 1.3721 Canadian dollars.

Reuters contributed to this article.

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