TODAY’S – ulker nervous about second half of 2014

ulker nervous about second half of 2014YIldIz Holding Board Chairman Murat ulker is worried about how his company will perform during the second half of 2014, as he indicated while responding to questions at a meeting for a partnership co-run with the Turkey Football Federation (TFF).andldquoRegarding trade with Iraq and Syria, the difference between the first six months of last year and the first half of this year is not major However, we donand#39t know what is doing to happen during the second half.

The next six months worry me. We are worried about our own products, and we cannot find a place to send them,andrdquo said ulkerThe ulker foods brand falls under the YIldIz umbrella and is one of Turkeyand#39s most recognized names as an exported brand that goes to more than 100 countries.

In June, the company announced it was selling three marinas to Ko Holding for 100 million euros, and that it planned to leave the marina business as it was no longer able to focus on that sectorThe ongoing violence in Iraq resulting from the invasion of the militant group the Islamic State of Iraq and the Levant (ISIL) has resulted in Turkeyand#39s exports to its southern neighbor plummeting since June. Prior to the rapid aance of ISIL, which has captured large swathes of territory throughout Iraq and Syria, Iraq was Turkeyand#39s second-largest export partner Producers and exporters have repeatedly expressed concerns that the developments in Iraq will continue to be very harmful for business.

Since 2007, ulker has collaborated with the Turkish Football Federation (TFF) in organizing football camps for children. To date, 272,000 children in 30 provinces throughout Turkey have participated in the camps, which include football education and a variety of seminars on other games and subjects, including chess, drama, reading, nutrition and personal care.

The camps target children in the 6-12 age group. ulker sponsors the camps on an annual basis with donations of 15 million euros.

Dozens of camp attendees have gone on to join the Turkish national team as well as various professional clubs.

SOURCE: Today’s Zaman