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Made in Türkiye Aralık 2025

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December 2025

The Turkish exports prosper and

hitting anew and promising record

The new codes

of radiance

As the season of sparkle reaches its peak,

our makeup bags are also getting a glamorous

refresh. From the iconic power of red

lipstick to the allure of glitter, from the modern

brilliance of metallic finishes to creative

new applications, this season’s beauty

journey celebrates makeup in its boldest,

most expressive form.

The Turkish exports rose 2.4% to $24

billion in October, marking a new

record for the month, Trade Minister

Ömer Bolat said.

Speaking at a news conference in

Istanbul to announce preliminary

foreign trade data, Bolat said the

country achieved its highest October

exports and set a new record with

exports reaching $270.2 billion over the

last 12 months.

“Thus, the $270 billion threshold has

been exceeded,” he said.

The Minister explained that October

export volume was the fourth-highest

monthly figure on record, adding that

three of the top four were achieved this

year.

“We had an increase in eight of the 10

months. There was a net surge of $8.4

billion in our exports, or 3.9% in the

first 10 months,” Bolat said.

Moreover, he pointed out that imports

also rose 6.6% year-over-year, reaching

$31.4 billion in October. Like this,

the trade deficit widened 24% to $7.4

billion for the month. The exportto-import

ratio was at 76.5%, he also

informed. At the same time, Bolat also

said that they estimated that “services

exports will reach $103.5 billion in

the January-October 2025 period, a $4

billion increase compared to the same

period of the previous year.”

“Thus, we expect our services exports

to increase by 5.4% to $121.2 billion

on an annualized basis in October,” he

added. Furthermore, he recalled that

the goods and services export target

of $390 billion, which was set at the

beginning of the year, was achieved

earlier in September.”In October, we

exceeded this target, reaching a total of

$391.4 billion on an annualized basis,”

he added. Page 8

The timeless charm of red lipstick

Every unforgettable makeup look begins with

a single swipe of red lipstick, the signature of

confidence and strength. Page 4

A sensory

journey that

lingers on the

skin

The sharp chill of cold air meets the warmth

of spices, the earthy depth of woods, the

sweet embrace of vanilla, and the mysterious

glow of amber in December, fragrance

becomes more than just a scent; it’s a state

of mind. Here’s an editorial exploration of

the season’s most iconic olfactory experiences.

The spirit of the season: The comforting

warmth of spices

December’s fragrance wardrobe begins with

spices. Page 5

Radiance in a

Single Touch

Moisture, care, glow, and makeup primer

effect — all powered by the energy of vitamins

C, B3, B5, and E.

Simplifying skincare while amplifying its

benefits, Sinoz adds a new innovation to its

multifunctional formulas: Vitamin Cocktail

Moisturizer & Makeup Primer.

This powerful formula delivers the hydration,

vitality, and smoothness your skin needs in

one step. Enriched with vitamins C, B3, B5,

and E, it nourishes, brightens, and keeps the

skin soft and comfortable throughout the

day. Page 4

“United in

E-Export

Program” is to

become a regional

power in E-Export

The “United in E-Export Program,”

organized in collaboration with the

Ministry of Trade, the Türkiye Exporters

Assembly (TİM), and Trendyol,

has been successfully completed. The

program, which reached more than

two thousand exporters across six

provinces, provided exporters with

comprehensive information on current

e-export support mechanisms and

emerging market opportunities. Page 8

Renewed skin in just 7 days

Harnessing the power of nature

and the precision of advanced

biotechnology, SQT accelerates

the skin’s renewal process

with spongilla spicules.

A new era in professional

skincare: not in 28 days,

but in just 7 days to radiant

skin!

Blending natural ingredients

with science, SQT

introduces a groundbreaking

approach to skincare that

Fight signs of aging

with L’Occitane

MG International Fragrance Company

Wins the “Biodiversity” Award at the

Sustainable Business Awards

Turkish ‘critical

tech’ exports hit

$80.7B in 9 months

of 2025

Türkiye’s “critical technology” exports,

which cover medium- to high-tech product

manufacturing, reached $80.7 billion (TL

3.39 trillion) in the January-September

period, according to a report published.

Türkiye’s focus on policies that boost

investment, production, employment, and

exports in the manufacturing industry,

geared toward competitive production, has

been reflected in export figures, data from

the Turkish Statistical Institute (TurkStat)

shows.

Accordingly, in the first nine months of

the year, the country exported $80.7 billion

worth of high-tech products, ranging from

aerospace and defense systems to motor

vehicles, medical products, computers, and

electrical equipment. Page 9

redefines beauty routines. The

microscopic spongilla spicules

derived from freshwater sponges

create invisible microchannels

on the skin’s surface,

allowing active ingredients

to penetrate directly into

the dermis.

As a result, the skin’s renewal

cycle shortens from

28 days to just 7, revealing

a firmer, smoother, and more

radiant complexion. Page 4

For naturally radiant and youthful-looking

skin,

the powerful combination of L’Occitane Re-

s e t

Serum and Divine Cream offers an effective,

luxurious,

and holistic solution against the signs

of aging.

Long-lasting results in skincare are achieved

through the

right rituals. When used together, L’Occitane Reset Serum and

Divine Cream deliver radiance from the very first application and, over

time, help the skin appear firmer and more supple.

This powerful duo fights all visible signs of aging while supporting the

skin’s natural youthfulness. Page 10

Türkiye targets

$25B trade with

Egypt, Saudi

Arabia in medium

term

Turkish Trade Minister Omer Bolat

held bilateral meetings with his

Egyptian counterpart Hassan el-Hatip

and officials from Saudi Arabia on the

sidelines of the 41st Ministerial Session

of the OIC Standing Committee

for Economic and Commercial

Cooperation (COMCEC).

Bolat shared details about the meetings

on his social media account, saying

that Ankara targets $25B trade with

Cairo and Riyadh in the medium term.

Page 9

Anew brings skincare and

makeup together!

Avon’s Protinol-powered Anew Make-Up collection merges

skincare with makeup, delivering a new-generation beauty

experience for a more radiant, smoother, and healthier-looking

complexion.

The definition of beauty has changed — it’s now about skin

that looks healthy, vibrant, and well cared for.

With its Anew line, a pioneer in skincare innovation for decades,

Avon brings scientific skincare expertise into the makeup

world. The Protinol technology, developed to support collagen

production, delivers both instant and long-term visible results

for the skin.

From foundations to lipsticks, serums to balms, the Anew Make-Up

collection does more than enhance your look — it nourishes,

revitalizes, and brightens your skin with every application.

Page 5

Türkiye and Qatar Financial

Centre sign MoU to boost

bilateral investment

Industrial

production rises

2.9 percent in

September

Türkiye’s industrial production index

increased by 2.9 percent year-on-year

in September, the Turkish Statistical Institute

(TÜİK) announced on Nov. 10.

All sub-sectors posted gains in September,

while the highest increase was

seen in the electricity, gas, steam and

air conditioning supply index, with 5.3

percent.

The mining and quarrying index rose

by 3.1 percent and the manufacturing

index by 2.7 percent in September on a

yearly basis. Page 9

Your skin’s golden

era begins

Combining botanical expertise with

scientific innovation, the Darphin Éclat

Sublime collection brings energy, youth,

and radiance to your skin, counteracting

the tiring effects of urban living. From

serums and capsules to creams and essences,

every product in the range offers

a complete, targeted solution against the

signs of aging.

The fast pace of modern life, the demands

of city living, and environmental stressors

challenge the skin’s natural renewal cycle.

Page 10

Defy Time

with Neutrogena

Collagen Bank


2

December

2025

Mehmet Soztutan

Editor-in-Chief

Letter From

The Editor

Exports to neighbors

given impetus

The Turkish exports to its seven neighboring countries rose 3.6

percent in the first ten months of the year, reaching $23 billion,

according to the Trade Ministry data. Overall Turkish exports climbed

3.9 percent to $224.6 billion during the January-October period

compared to the same period last year.

Chemical products, including cosmetics and manufactured goods

topped the list of exports to the seven neighbors, totaling $3.6

billion. Cereals, legumes, oily seeds and their products came second

at $2.6 billion, while steel exports reached $1.7 billion.

Türkiye exported $22.9 billion worth of goods to Azerbaijan, Bulgaria,

Georgia, Iran, Iraq, Syria and Greece during the ten-month

period, up from $22.1 billion in the same period of 2024.

Iraq remained Türkiye’s largest export market among neighboring

countries, absorbing approximately $8.3 billion in Turkish goods.

Bulgaria ranked second with $3.8 billion, followed by Greece with

$3 billion and Georgia with $2.1 billion.

Syria recorded the sharpest year-on-year export growth at approximately

52 percent, while exports to Greece increased 7.6

percent and those to Azerbaijan rose 7.4 percent during the January-October

period.

Ornamental plants and related products recorded the lowest

export figures at $32.5 million. The calculations include Türkiye’s

land neighbors Azerbaijan, Bulgaria, Georgia, Iran, Iraq, Syria and

Greece.

Despite the global imbalances and the regional turmoil, the Turkish

economy sustains its strong position on the path of sustainable

growth. As for Türkiye’s exporters, they wish to relentlessly

invest, manufacture and export.

Carrying out sizeable technology investments in various industries,

Turkish companies managed to diversify their export markets.

Realizing a fascinating growth in the past decade, the business

people of Türkiye are now gearing up themselves to produce

the market trends by investing in brand development.

From the stand point of exporters, competition is a complex series

of moves and countermoves on a global landscape. Exporters

of Türkiye are no exception. They are particularly involved in

identifying, evaluating and selecting target markets by trying to

answer global questions.

We wish them success and lucrative trade.

THOUGHT OF THE MONTH

Economics is the only field in which two

people can get a Nobel Prize for saying

exactly the opposite thing.

There are two types of economists:

- those who cannot forecast interest rates, and

- those who do not know that they cannot forecast interest rates.

Heard at the Wharton School.

Man walking along a road in the countryside comes across a

shepherd and a huge flock of sheep. Tells the shepherd, “I will bet

you $100 against one of your sheep that I can tell you the exact

number in this flock.” The shepherd thinks it over; it’s a big flock so

he takes the bet. “973,” says the man. The shepherd is astonished,

because that is exactly right. Says “OK, I’m a man of my word, take

an animal.” Man picks one up and begins to walk away.

“Wait,” cries the shepherd, “Let me have a chance to get even.

Double or nothing that I can guess your exact occupation.” Man

says sure. “You are an economist for a government think tank,” says

the shepherd. “Amazing!” responds the man, “You are exactly right!

But tell me, how did you deduce that?”

“Well,” says the shepherd, “put down my dog and I will tell you.”

A mathematician, an accountant and an economist apply for the

same job.

The interviewer calls in the mathematician and asks “What do two

plus two equal?” The mathematician replies “Four.” The interviewer

asks “Four, exactly?” The mathematician looks at the interviewer

incredulously and says “Yes, four, exactly.”

Then the interviewer calls in the accountant and asks the same

question “What do two plus two equal?” The accountant says “On

average, four - give or take ten percent, but on average, four.”

Then the interviewer calls in the economist and poses the same

question “What do two plus two equal?” The economist gets up,

locks the door, closes the shade, sits down next to the interviewer

and says “What do you want it to equal?”

Responsible Editor:

Mehmet Söztutan

(mehmet.soztutan@img.com.tr)

Editors:

Assoc. Prof. Mehmet Ali Özbudun

Ayça Sarıoğlu

Dilara CİCA

Publisher:

ISTMAG Magazin Gazetecilik

İç ve Dış Ticaret Ltd. Şti. Adına Sahibi

H. Ferruh Işık

Correspondent:

İsmail Çakır

(ismail.cakir@img.com.tr)

Marketing Manager:

Recep Arslantaş

(recep.arslantas@img.com.tr)

Arts Director:

Tayfun Aydın

(tayfun.aydin@img.com.tr)

Subscription:

Ismail Özçelik

(ismail.ozcelik@img.com.tr)

HEAD OFFICE:

İstanbul Magazine Group

İHLAS MEDIA CENTER

Merkez Mah. 29 Ekim Cad. No:11

Medya Blok Kat:1 34197

How has French revolution

affected world

economic growth?

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WHEN CONTACTING ADVERTISERS

THE ECONOMIST

Well!!!

Too early to say..


3

December

2025

This is an advertorial

MG International Fragrance Company

Wins the “Biodiversity” Award at the

Sustainable Business Awards

MG International Fragrance Company

has received the prestigious “Biodiversity”

Award for its large-scale nature conservation

project in Şile, Istanbul.

Organized for the 12th time this year by the

Sustainability Academy, the Sustainable Business

Awards brought together institutions

that make a difference in the fields of environment

and social responsibility.

Covering an area the size of 35,000 football

fields (approximately 250 km²), the nature

conservation project in Şile earned MG International

Fragrance Company one of the most

prestigious awards of the year in the field of

biodiversity.

A science-based model for nature conservation

The international fragrance manufacturer

MG International Fragrance Company, in

collaboration with the Northern Nature Association

(KuzeyDoğa Derneği), is carrying

out a scientific, participatory, and long-term

project aimed at protecting the rich ecosystem

of Şile.

Within the scope of the project, the region’s

biological diversity has been thoroughly documented,

identifying 118 bird species, endemic

and rare plants, and significant mammal

and bat habitats.

The project focuses on coastal ecosystem restoration,

raising environmental awareness

among local communities, and contributing

scientific data to national conservation policies.

With this comprehensive approach, MG International

Fragrance Company has transformed

its environmentally conscious vision

into a tangible achievement, setting a strong

example in the field of sustainability.

Excellence among strong finalists

In the “Biodiversity” category, leading companies

such as Borusan EnBW Enerji, Ela

Hospitality, Fiba Renewable Energy, Kalyon

Energy,

Kazancı Holding, Trakya Electricity Distribution,

Turkcell, Tüpraş, Veldo Makine, and Yeniköy

Kemerköy Electricity Generation were

also among the finalists.

MG International Fragrance Company was

granted the award for its science-based approach

to nature protection and strengthening

local ecosystems, standing out among a highly

competitive group of sustainability pioneers.


4

December

2025

The new codes of radiance

Continued From Page 1

Whether matte or glossy, red has always reigned

supreme. More than just a color, it’s a statement: of

power, attraction, and fearless self-expression.

During the light-filled nights of December, red lipstick

finds new ways to shine, from classic to contemporary

interpretations. Satin finishes deliver

sophisticated elegance, while liquid matte formulas

create a sharper, more dramatic look. Vibrant reds

with orange undertones boost energy, while deep

burgundy shades leave a mark of refined style.

And often, red needs no companion. A subtle eyeliner

and a touch of natural blush are all it takes to

make bold lips the center of attention.

Let your eyes sparkle

Shimmer isn’t just for accessories, glittering eyeshadows

bring the most intense reflections of light to

your look.

And this season, glitter isn’t onesize-fits-all. From

chunky sparkles to delicate dusts, there’s a style for

every mood.

Gold, silver, and bronze glitters remain the go-to

classics, but for those seeking something bold, colored

glitter takes the stage: emerald green, sapphire

blue, or violet transform your eye makeup into a statement

accessory on their own.

The trick to perfect glitter eyeshadow is simple:

press it onto the lids with your fingertips. This technique

intensifies the pigment and locks in the sparkle,

making your eyes twinkle like a disco ball under

the night lights.

A modern touch with metallics

Beyond classic shimmer, metallic finishes are making

a bold entrance this year. As soft as satin yet

as reflective as chrome, they bring a futuristic edge

to every part of your beauty look, from lips to nails.

Metallic liquid shadows add a space-age vibe to the

eyes, while metallic lipsticks create a striking contrast

on the lips. The trend extends to nail collections

too: silver chrome tips, golden accents, and holographic

effects add dramatic flair with minimal effort.

Used alone, metallics deliver a subtle yet impactful

finish. Combined with bold red lips, they create a

powerful, theatrical statement.

Makeup stories that celebrate the season

This season, makeup knows no boundaries. Some

choose to focus on one standout feature, bold red

lips or dazzling glitter eyes. Others embrace the full

spectrum of shine all at once. The key words are

courage, creativity, and light.

Minimal glow: Soft glitter touches paired with nude

lips offer effortless elegance from day to night.

Dramatic impact: Intense glitter shadow, eyeliner,

and deep burgundy lips create a bold, stage-ready

look.

Metallic harmony: Matching metallic eyeshadow,

lipstick, and nail polish in a single tone delivers a

monochrome yet striking effect.

Makeup isn’t just about appearance, it’s a mood.

Sparkling eyes, statement lips, and chrome-like textures

aren’t only aesthetic choices, they’re expressions

of celebration.

True radiance shines brightest when paired with

courage. So don’t be afraid to swipe on that red lipstick,

press glitter onto your eyelids, or embrace a

futuristic metallic finish. Because makeup isn’t just

about enhancing beauty, it’s one of the most joyful

ways to express who you are.

Continued From Page 1

Infused with shea butter, squalane, and

hyaluronic acid, its advanced formula

locks in moisture, strengthens

the skin barrier, and maintains

a plump, silky appearance.

Thanks to its lightweight texture,

it absorbs quickly and creates an

ideal base for makeup — helping

foundation apply more evenly and

last longer with a natural finish.

Powerful Ingredients, Simplified

Routine

Radiance in a Single Touch

Renewed skin in just 7 days

Continued From Page 1

Chosen by millions of women worldwide,

SQT ushers in a new era of professional

skincare in beauty salons. Its specialized

treatment sets, each formulated for specific

skin concerns such as acne, pigmentation,

dehydration, and signs of aging,

transform the skin from within — delivering

the effect of 3 million bio-microneedles

in every session.

Inspired by the aesthetics of Paris and adorned

with hand-drawn details, Kérastase’s

exclusive haircare sets transform routine

care into a true beauty ritual.

As one of the world’s most prestigious luxury

haircare brands, Kérastase captivates beauty

enthusiasts this season with exclusive collections

inspired by the elegant silhouettes of Paris.

The packaging, featuring delicate hand-drawn

motifs, offers not only care but also an artistic

experience. Each set caters to a different hair

need — the Première Repair Trio Set, Elixir Ultime

& Nutritive Duo Set, and Nutritive Nourishing

Trio Set — bringing Kérastase’s science-infused

luxury into home haircare.

A Restorative Parisian Ritual for Damaged

Hair

Vitamin Complex (C, B3, B5, E): Revitalizes

and nourishes the skin while

protecting it from environmental

stressors.

Shea Butter: Provides deep hydration

and leaves the skin soft to

the touch.

Squalane: Strengthens the

skin barrier and helps retain

long-lasting moisture.

Hyaluronic Acid: Fills the

skin with moisture, creating

a plump and radiant

appearance.

Formulated with natural extracts instead

of harsh chemical acids, SQT offers a safe

and effective treatment that respects the

skin’s biological rhythm.

By merging the elegance of science with

the purity of nature, this advanced technology

proves that beauty is no longer

just on the surface — it runs deep.

SQT represents a new era where nature

meets luxury and science serves beauty.

A Parisian Touch with Kérastase

Kérastase Première Anti-Damage Trio Set

Designed for weakened and damaged hair, the

Première Trio Set combines Kérastase’s most

advanced repair technology with timeless elegance.

By reducing calcium buildup in the hair

and repairing broken keratin bonds, it rebuilds

the hair’s internal structure. The star of the

collection, Concentré Décalcifiant Ultra-Réparateur,

strengthens the hair strand by strand,

while Bain Décalcifiant Réparateur gently purifies.

The final touch, Fondant Fluide Réparateur,

envelops the hair in silky softness and

smoothness, completing the luxurious care

ritual.

Radiance by Day, Nourishment by Night

Kérastase Elixir Ultime & Nutritive Duo Set

The grace of a Parisian night meets the freshness

of a morning light in this exquisite duo.

For dry hair, Nutritive 8H Magic Night Serum

deeply nourishes each strand overnight, leaving

the hair soft and revitalized by morning.

During the day, the legendary Elixir Ultime

Hair Oil, enriched with French camellia and

argan oils, delivers a dazzling shine.

A perfect pair for those who wish to crown their

beauty with light.

A French Touch for Dry Hair

Kérastase Nutritive Trio Set for Dry Hair

Moisturizer or Makeup Primer? Both.

The Sinoz Vitamin Cocktail is an essential

part of any morning and evening routine

— and when applied before makeup, it

smooths the skin’s surface for better application

and longer-lasting results.

Its versatile formula suits all skin types

and can be used all year round.

For those who embrace the “less is more”

philosophy in skincare, Sinoz Vitamin

Cocktail is the ultimate shortcut to a radiant,

effortless glow.

In short, beauty now thinks — and acts

— in depth.

The rebirth of dry hair lies in the luxurious

touch of the Nutritive range. Bain Satin Riche

Shampoo gently cleanses and deeply hydrates,

while Masquintense Hair Mask provides intense

nourishment from root to tip. Finally, Nectar

Thermique** protects the hair from heat

styling, ensuring a smooth, shiny, and supple

finish. A silky touch for dry hair, inspired by

French elegance.

Parisian Inspiration, Luxury Felt in Every

Strand

Each exclusive Kérastase set, crafted with the

brand’s scientific expertise, offers not just a

routine but a personal journey of beauty.

Bring the artful elegance of Paris to your hair

— the special Kérastase sets are now available

at select retailers.


5

December

2025

A sensory journey that lingers on the skin

Continued From Page 1

Notes like cinnamon, clove, cardamom, and

black pepper feel like an invitation to winter

itself. The warm waves rising from the bottle

create a dance of fire and ice on the skin.

The magic of spicy perfumes lies in their versatility,

they can be both masculine and feminine.

In one fragrance, the sweetness of cinnamon

may take the spotlight, while in another,

the sharpness of black pepper dominates the

composition. This duality makes spices an essential

fragrance family for the season.

Wearing a spice-infused perfume to an evening

gathering can instantly transform the atmosphere,

wrapping you in an invisible aura

of warmth and allure.

Woody depths: Carrying nature’s power on

your skin

In cold weather, woody scents feel like a refuge.

Sandalwood, cedar, patchouli, and vetiver

deliver both calm and strength. They evoke

the feeling of stepping into a forest, refreshing

yet deeply grounding.

Woody perfumes are known for their sophistication,

charisma, and impressive longevity.

They evolve on the skin throughout the day,

revealing one character in the coolness of

morning and another under the soft glow of

evening lights.

For those living in the city, these scents become

a connection to nature, carrying the depth

of the earth onto the skin and making them

an iconic choice for December.

Vanilla and amber: A sweet embrace, a mysterious

glow

If December could be bottled into a fragrance,

it would surely be a blend of vanilla and amber.

Vanilla evokes a sweet, familiar comfort

reminiscent of childhood memories, while

amber wraps that warmth in a mysterious,

golden light.

Modern vanilla is no longer just about sugary

sweetness, it offers creamy, powdery, and

sophisticated elegance. Amber, on the other

hand, gives the perfume depth and a glowing,

golden aura. Together, they linger on the skin

for hours, completing the most memorable

winter nights. Perfumes built around vanilla

and amber are both romantic and bold, the

perfect choice for the season.

Florals with a winter twist: Velvety elegance

Although floral perfumes are often associated

with spring and summer, they take on a different

character in December. Roses become

deeper, jasmine turns velvety, and orchids reveal

a more enigmatic side.

In colder weather, the lightness of florals gives

way to richness and intensity. Deep rose

essences paired with musk or leather create

striking contrasts, while jasmine blended with

amber achieves a mesmerizing balance.

These winter florals reveal the romantic yet

sophisticated facet of the season.

Anew brings skincare and makeup together!

Iconic bottles: The art of fragrance design

December is also a time when iconic perfume

bottles are rediscovered. Gold accents, dark

glass, and sculptural designs remind us that

fragrance is not just a scent, it’s an object of

desire and artistry.

For collectors, this is the perfect season to

make space on the shelf, as many brands release

their most special creations in limited-edition

bottles. A perfume bottle becomes a

piece of art, reflecting both the soul of the

fragrance and the splendor of the season.

Memories captured in scent

A perfume is more than just something that

smells good, it’s a way to seal a memory. December’s

iconic fragrances do exactly that.

The warmth of spice, the depth of wood, the

sweetness of vanilla, and the mystery of amber

leave their mark not only on your skin but

also in your memory.

At a party, on a date, or just for yourself, the

right scent can make a moment unforgettable.

Because sometimes, fragrance says far more

than words ever could.

Continued From Page 1

Technology that works with your skin:

Anew Serum Foundation

A truly great foundation is not just about coverage

— it’s about what it does for your skin.

The Anew Smoothing & Revitalizing Serum

Foundation, enriched with Protinol technology,

supports collagen production, giving

skin a firmer, more radiant appearance.

According to user studies, 99% of users reported

a more luminous and even skin tone,

while 90% noticed a visible difference.*

With its silky texture, buildable formula, and

non-creasing finish, this foundation smooths

the skin while leaving a natural glow. It reduces

signs of fatigue, restores radiance, and ensures

a comfortable wear all day long.

Targeted care: Anew Brow and Lash Serum

Small details make a big difference when it comes

to expression.

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8

December

2025

Türkiye’s

economic

confidence at

7-month high in

October

Türkiye’s economic confidence improved

by 0.3 percentage points

monthly to hit 98.2 in October,

marking the highest value seen since

March, according to official data released.

Looking at sub-indices, three of them

posted declines, while two increased

in October, the Turkish Statistical Institute

(TurkStat) said.

The retail trade confidence index increased

3.7% on a monthly basis, and

the real sector confidence index rose

1.2% in October.

On the other hand, the construction

confidence index decreased 5.3% in

October, and the services confidence

and consumer confidence indexes

both fell 0.3%.

The economic confidence index, a

key indicator of the overall economic

situation, hovers between 0 and 200.

A reading above 100 indicates optimism

about the overall economic

outlook, while a value below 100 reflects

a more pessimistic assessment.

The Turkish exports prosper and

hitting a new and promising record

Continued From Page 1

Continuing his speech, he pointed to the

rise in exports in different months earlier

throughout the year, adding: “In the

January-October period of 2025, exports

were recorded as $224.6 billion, marking

an increase of 3.9% compared to the same

period a year ago.”

“We lifted our goods exports in 22 of the

last 30 months. Furthermore, I would like

to say with great pleasure that, starting this

October, we broke monthly goods export

records in 17 of the last 30 months,” he also

said.

In addition, analyzing import data, he

attributed the rise to net gold imports.

“The impact of net gold imports on this

deficit stands out with $2.7 billion,” the

minister said.

“In the January-October period, the foreign

trade gap increased by 12.9% compared

to the same period of the previous year,

reaching $74.4 billion,” he added.

“Like this, the goods trade deficit surged by

Continued From Page 1

Launched to strengthen Türkiye’s e-export

ecosystem, the “United in E-Export

Program” was conducted through meetings

held in six provinces with the participation

of eight exporters’ associations under the

coordination of the Ministry of Trade, the

Türkiye Exporters Assembly (TİM), and

Trendyol. Within the scope of the program,

over two thousand exporting companies

were thoroughly informed about e-export

incentives, application procedures, and

strategies for entering global markets.

The “United in E-Export Program” was

implemented with the objectives of

enhancing companies’ export capacities,

facilitating access to accurate and upto-date

information regarding support

applications, and providing them with the

strategic roadmap needed to expand into

international markets. During the events,

Ministry of Trade officials elaborated

on e-export incentives in detail, while

Trendyol representatives shared insights

into their e-export strategies, marketplace

advantages, and operational capabilities.

$8.5 billion in the first 10 months. Thus, the

annualized foreign trade deficit increased

by $12.8 billion compared to the same

month last year, reaching $90.7 billion,” he

concluded.

The written data shared by the Trade

Ministry revealed that Germany stood out

when considering exports, with $2 billion.

Following Germany were the U.S. and the

U.K., each obtaining goods worth some

$1.4 billion from Türkiye.

Meanwhile, Türkiye is regaining its position

as a regional center for foreign direct

investment (FDI), Treasury and Finance

Minister Mehmet Şimşek has stated.

Speaking at the TRT World Forum 2025 in

Istanbul, Şimşek highlighted the country’s

economic transformation over the past two

decades.

He noted that foreign direct investment

has increased nearly twentyfold in the last

20–25 years.

“We aim to return to investment-grade

levels with upcoming credit rating

“We are working to strengthen Türkiye in

the field of e-export as well”

TİM Chairman Mustafa Gültepe expressed

the contribution of the “United in E-Export

Program” to exporters as follows:

“Of the global e-commerce volume, which

has reached 7 trillion dollars, approximately

1.5 trillion dollars derive from e-export.

Today, nearly 25 percent of total

e-commerce is conducted across borders.

With Türkiye’s strong infrastructure

spanning from design to production

and from manufacturing to sales, we are

working in coordination with our Ministry

of Trade, TİM, and representatives from

the private sector to raise awareness among

our members, develop new business

models, and facilitate market entry,

thereby strengthening Türkiye’s position

in e-export. In this context, we regard our

Ministry’s target of increasing the share of

e-export within total exports to 10 percent

by 2030 as a significant milestone. Together

with TİM and Trendyol, we have launched

the ‘E-Export Partnership Program.’

Within this framework, we have completed

upgrades,” he added.

Şimşek emphasized the country’s strong

performance compared to other emerging

markets. “Over the past 20 years, Türkiye’s

average real growth has been 5.4 percent…

When excluding China and India, Türkiye’s

growth performance stands out clearly,” he

said.

Addressing the government’s current

disinflation program, Şimşek explained,

“Our goal is to ensure price stability,

strengthen fiscal discipline, and reduce the

current account deficit.”

“We’ve made serious progress in this area.

Structural transformation is a key element

for sustainability. We are in the second

phase of the program, and the progress is

notable. Our target is to bring inflation back

to single digits,” he added.

Şimşek also commented on global

economic trends, saying protectionism

now appears to be a lasting tendency.

“Türkiye is relatively less vulnerable in this

environment,” he said.

the ‘United in E-Export Program’ across

eight exporters’ associations with the

participation of more than two thousand

members. To enhance export awareness

and enable more of our firms to expand

into cross-border markets, we will continue

organizing events in the upcoming period

with the inclusion of other stakeholders

within the export community.”

“Our companies can benefit from incentives

of up to 70 percent”

Providing details on the incentives offered

to companies seeking to grow in the field

of e-export, Mehmet Ali Kılıçkaya, Director

General of Exports at the Ministry of Trade,

stated: “We are taking significant steps

to support our SMEs and industrialists in

entering digital markets within the rapidly

developing global e-export landscape.

Through our E-Easy Export Platform,

known as E-KİP, we offer our companies

an extensive source of information—from

market analyses and customer behavior to

competitive data and sales channel options—

concerning the markets they intend to enter.

Furthermore, our companies can receive

He attributed this resilience to Türkiye’s

trade structure: “Sixty-two percent of our

exports go to countries with which we

have free trade agreements. More than 80

percent are directed to our nearby regions

— Central Asia, the Middle East, and North

Africa — friendly and neighboring areas.

This partially shields us.”

Another advantage, according to Şimşek, is

Türkiye’s strong service exports. “The share

of our service exports is robust compared

to international averages. Service trade has

not yet been affected by protectionism. We

can turn this picture into an opportunity.”

“United in E-Export Program” is to become a regional power in E-Export

up to 70 percent support for commission,

advertising, and storage expenses related to

e-exports conducted via their own websites,

marketplaces, or consortia. We continue

our efforts with full momentum in line with

our goal of increasing the e-export ratio.”

“The goal is to make Türkiye a regional

power in e-export”

Emphasizing their aim to expand Türkiye’s

presence in global e-commerce, Trendyol

Group Vice Chairman Sinan Cem Şahin

stated: “At Trendyol, we continue our efforts

to bring Türkiye’s production strength and

entrepreneurial potential to the global

stage. We place our technology, logistics

capabilities, and marketing power at the

service of Turkish producers, delivering

their products to millions of customers

worldwide. We are moving forward with

firm steps on our journey to make Türkiye

a regional power in e-export. We sincerely

believe that this collaboration will enable

thousands of our producers to achieve

sustainable success in global markets.”


9

December

2025

Türkiye and Qatar Financial Centre sign

MoU to boost bilateral investment

The Investment and Finance Office of the Presidency

of the Republic of Türkiye (IFOTP) signed a memorandum

of understanding (MoU) with the Qatar Financial

Centre (QFC) to expand bilateral investment opportunities

and strengthen financial sector collaboration between

the two countries. According to a statement from

the QFC, the agreement aims to promote investment,

facilitate market access for businesses, and enhance

cross-border cooperation. Both parties will jointly organize

business conferences, seminars, exhibitions, and

high-level visits while exchanging publicly available

economic and investment data to raise awareness of the

potential in both markets.

The deal is expected to pave the way for stronger trade

and investment flows between Türkiye and Qatar in the

Türkiye targets $25B trade with Egypt,

Saudi Arabia in medium term

Continued From Page 1

Bolat noted that he met with Egypt’s Minister

of Investment and Foreign Trade

Hassan el-Hatip, saying the meeting discussed

the current state of bilateral trade

relations, contracting services, and ways

to strengthen cooperation—particularly

in Africa.

Bolat said they emphasized their mutual

intention to convene the “Türkiye–Egypt

Free Trade Agreement Joint Committee

Meeting” and the “High-Level Trade

Consultation Mechanism” in the coming

period.

“As Türkiye, we are moving with strong

determination toward our goal of increasing

our trade volume with Egypt to

$15 billion within five years,” he added.

For his part, el-Khatib praised the confidence

of Turkish companies in the Egyptian

economy, affirming the Egyptian

coming years.

The cooperation framework includes support for greenfield

and brownfield investment projects, mergers and

acquisitions, and joint ventures that could benefit both

economies. The two institutions also agreed to exchange

institutional policies and best practices to produce an

environment favorable to international investment and

business expansion. Under the agreement, the QFC will

provide licensing guidance and regulatory assistance

to companies referred by IFOTP that are interested in

exploring or expanding operations in Qatar, provided

their activities align with the QFC’s legal framework.

IFOTP Chairman Ahmet Burak Daglioglu described

the MoU as a “milestone” in the growing Türkiye-Qatar

economic partnership. He noted that Qatari foreign

government’s commitment to removing

all obstacles and providing support for

projects that boost exports, produce jobs,

and facilitate technology transfer.

It is worth noting that trade between the

two countries reached around $4 billion

in the first half of 2025, including approximately

$2 billion in Egyptian exports.

Bolat also said he met with Saad Al-Kasabi,

Governor of the Saudi Standards,

Metrology and Quality Organization

(SASO), and Mohammed bin Abdulaziz

Al-Abduljabbar, head of the General Authority

for Foreign Trade.

He noted that they discussed expectations

for strengthening cooperation in

trade, investment, and halal accreditation

“We support the active participation of

Turkish companies in large-scale projects

in Saudi Arabia and attach great importance

to increasing mutual investments,”

Bolat said.

“We addressed our goal of increasing the

trade volume between the two countries

to $10 billion in the medium term. We

support the active participation of Turkish

companies in large-scale projects in

Saudi Arabia and attach great importance

to boosting mutual investments,”

Bolat said.

direct investment (FDI) in Türkiye has totaled $3.5 billion

since 2002, bringing total FDI stock to $7 billion

by the end of 2024. Daglioglu said the agreement will

“unlock new opportunities for investment” and further

strengthen both countries’ financial sectors.

He added that the initiative reflects a shared vision of

positioning Türkiye and Qatar as “leading investment

hubs” connecting regional and global markets.

The QFC emphasized that the agreement underlines

both countries’ commitment to sustainable economic

growth and cross-border collaboration.

Industrial production rises 2.9

percent in September

Continued From Page 1

High technology production

jumped by 29 percent

over the same period,

medium-high technology

rose by 4.9 percent, medium-low

increased by

5.7 percent and low-tech

production decreased by

4.7 percent.

Industrial production fell

by 2.2 percent in September

on a monthly basis,

following a modest 0.6

percent increase in August,

when annual output

had risen by 7.3 percent.

Durable goods production

contracted sharply,

down 7.5 percent year-on-year

and 1.2 percent

compared with the previous

month. Non-durable

goods output also weakened,

declining 4.4 percent

from September 2024 and

2.7 percent from August.

The capital goods sector

showed contrasting trends:

production surged

12.2 percent on an annual

basis but dropped 3.9 percent

month-on-month.

Meanwhile, intermediate

goods output edged up 1.6

percent year-on-year yet

slipped 1.2 percent compared

with August, according

to data from TÜİK.

Export climate for manufacturers

improves

Meanwhile, data from

the Istanbul Chamber of

Industry (İSO) showed

on Nov. 10 that export

demand conditions for

Turkish manufacturers

improved to the greatest

extent for almost a year

and a half in October.

The İSO Türkiye Manufacturing

Export Climate

Index rose to 52.4 in October

from 51.7 in September.

Any reading above the 50

no-change mark indicates

an improvement in the

health of the export climate.

The latest reading signaled

a solid monthly improvement

in the export climate

for Turkish manufacturers

and one that was the most

pronounced since May

2024, the survey said, adding

that export demand

conditions have now

strengthened in 22 consecutive

months.

Output growth accelerated

in key export destinations

such as Germany,

the United States and Italy,

while the United Kingdom

posted a renewed expansion

of activity at the

start of the final quarter of

the year, it noted.

“There were definite signs

of growth solidifying

among key export destinations

for Turkish manufactured

goods in October,”

commented Andrew

Harker, economics director

at S&P Global Market

Intelligence.

These encouraging developments

should provide

a boost for local firms and

help lead to a positive end

to the year, Harker said.

Turkish ‘critical

tech’ exports hit

$80.7B in 9 months

of 2025

Continued From Page 1

Türkiye’s exports of medium-high and

high-tech products stood at $53.1 billion in

2013, rising to $60.1 billion in 2017. These

exports further climbed to $77.4 billion in

2021 and $88.7 billion in 2022. The figure

then reached $97.3 billion in 2023 and

$101.1 billion last year.

Aerospace leads high-tech exports

High-tech product exports totaled $6.2

billion in January-September 2024, and

in the same period this year, they rose by

12.7% to $6.9 billion.

The highest exports in this category came

from "aerospace manufacturing" at $2.7

billion, followed by "manufacturing of

computers, electronic and optical products"

at $2.4 billion, and "manufacturing of

pharmaceutical, medical, chemical and

herbal products" at $1.8 billion.

Motor vehicles top medium-high-tech

exports

Exports of medium- and high-tech

products reached $73.8 billion in the same

period.

Within this category, "motor vehicle

manufacturing" led with $28.2 billion in

exports. It was followed by: "manufacturing

of chemicals and chemical products" at

$13.9 billion, "manufacturing of electrical

equipment" at around $13.9 billion

and "manufacturing of machinery and

equipment not elsewhere classified" at

$13.5 billion. Additionally, "manufacturing

of weapons and ammunition" accounted for

$2.8 billion, "manufacturing of medical and

dental instruments and supplies" accounted

for $783 million and "manufacturing of

other transport equipment excluding

aerospace machinery and shipbuilding"

accounted for $631 million over the same

period.

The Future of Beauty Begins!

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This collection was designed for those

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toward the future of skin science.


10

December

2025

Fight signs of aging with L’Occitane

RECEP ARSLANTAŞ

COORDINATOR

recep.arslantas@img.com.tr

The strategic

importance of

synergy

In a period where the waves of the

global economy are growing harsher,

brands are facing not only the challenges

arising from their own internal

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As we bid farewell to 2025, I wish

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Continued From Page 1

The power of immortelle

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Continued From Page 1

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11

December

2025

Rediscover your glow with Natura

Bissé C+C Vitamin Collection

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areas. Each pack contains one

handle and two replacement cartridges,

offering long-lasting and

economical use. With its durable

design and skin-friendly formula,

this razor is an ideal choice for

men who care about their daily

grooming.

Fast and effective hair removal:

Watsons Men Hair Removal Cream

residue accumulated throughout

the day, refreshing the skin with

invigorating citrus notes.

C+C Vitamin Splash: Provides

an instant boost of energy with

its revitalizing aroma, offering a

refreshing pick-me-up during the

day.

20% Antiox Solution: The star of

the collection, this high-concentration

vitamin C serum creates a

powerful antioxidant shield, boosting

skin vitality and radiance.

Vitamin Cream & Oil-Free Gel:

Two moisturizing options suitable

for different skin types, delivering

nourishing comfort while

leaving the skin soft and smooth.

SPF50 Dry Touch Sunscreen Fluid

& Bi-Phase Invisible Sunscreen:

Lightweight sunscreens that

protect against UVA/UVB rays,

Specially developed for men’s skin,

the Watsons Men Hair Removal

Cream removes unwanted hair in

just minutes. Enriched with aloe

vera and vitamin E, the formula

hydrates and soothes the skin while

eliminating hair. Suitable for use

on the arms, legs, chest, and back,

it offers a comfortable experience

even on sensitive skin. Hair care is

now fast, easy, and skin-friendly.

All-day freshness: Watsons Wild

Wind Men’s Deodorant

For men who want to feel fresh

and move freely — whether after

a workout or during a busy day —

Watsons Wild Wind Men’s Deodorant

is the ideal solution. With

refreshing notes of blackcurrant,

lime, and mandarin, it delivers an

energizing scent while providing

48-hour protection against perspiration.

Its lab-tested formula

offers long-lasting confidence and

comfort that keeps up with the

modern man’s pace.

with an invisible finish for effortless

daily use.

Citrus energy for a refreshed

complexion

Awakening the senses with fresh

citrus aromas, the C+C Vitamin

Collection is more than a skincare

routine, it’s a daily beauty ritual

that renews itself every day. While

it protects the skin, it also enhances

radiance, helping to preserve

energy and a youthful appearance

despite the pace of modern life.

Harnessing the power of science

and the vitality of nature, Natura

Bissé’s C+C Vitamin Collection

promises a simple yet highly effective

skincare experience for

those who value the health and

beauty of their skin.

Practical and effective men’s care solutions at Watsons

Dynamic, fresh scent: Dicora Urban

Fit EDT Men London

The search for a fresh, long-lasting

fragrance that suits the modern

man’s urban lifestyle ends with Dicora

Urban Fit EDT Men London.

Grapefruit and marine notes provide

an invigorating start, balanced

by aromatic lavender and bay

leaf, while grey amber and white

moss give the fragrance its unforgettable

character. Adding energy

and confidence to your daily routine,

this dynamic scent highlights

your style and personality.

Watsons aims to meet all the needs

of the modern man by offering

practical yet effective grooming

solutions. With powerful products

across essential categories such as

shaving, hair removal, deodorants,

and fragrances, Watsons is the ultimate

destination for men who

want to look well-groomed and

feel fresh all day long.

Defy Time with Neutrogena Collagen Bank

Bringing together science and beauty,

Neutrogena introduces its new Collagen

Bank range — a formula designed to help

you invest in the future of your skin. Enhanced

with micro-peptide technology, it

provides an effective defense against collagen

loss that begins as early as your 20s.

The Future of Your Skin Starts Today

Neutrogena opens a new chapter in skincare

with the Collagen Bank line, developed to

counteract the loss of firmness and fullness

that comes with time. Created to support the

skin’s collagen production — which naturally

decreases by about 1% each year — and

to preserve elasticity, this special range promises

a powerful investment in the skin through

advanced micro-peptide technology.

Launched at an exclusive event held at Salt

Galata, Neutrogena Collagen Bank brought

the world of beauty and “banking” together

in a creative concept. Guests received personalized

Collagen Bank cards and had the

chance to measure their “skin index,” discovering

their collagen levels. The highlight of

the night was a humorous “collagen heist”

performance — where the brand playfully

reminded everyone that “there’s enough collagen

for everyone,” reflecting its inclusive

and generous philosophy.

The Most Valuable Investment for Your

Skin

Neutrogena Senior Brand Manager Selda

Öztürk shared insights into the brand’s “beauty

powered by science” vision:

“Scientific research shows that from our 20s

onward, our skin loses about 1% of its collagen

each year. Collagen is the key protein

responsible for keeping the skin firm, elastic,

and youthful. However, UV exposure, stress,

and environmental factors accelerate this

natural process. That’s where the Collagen

Bank range comes in. With its patented micro-peptide

technology, it helps protect existing

collagen and rebuild what’s been lost.

We call this line an ‘investment tool for your

skin,’ and we invite everyone to join this beauty

bank.”

Three Powerful Members of the Collagen

Bank Range

Each product in the range addresses specific

skincare needs, transforming your daily

routine into a high-performance skin investment:

* **Moisturizing Day Cream SPF30

Enriched with collagen-protecting ingredients,

it provides long-lasting hydration

while shielding the skin from harmful UV

rays with SPF30. Within just one week, it delivers

a brighter and smoother complexion.

* **Moisturizing Night Cream

Working in sync with the skin overnight, its

formula supports collagen production while

you sleep. Wake up to a firmer, plumper, and

more refreshed look.

* **Revitalizing Gel Eye Cream

Targets dark circles, puffiness, and fine lines

around the eyes. With its lightweight texture,

it refreshes and brightens the delicate eye

area.

A New Era of Skin Science

The Neutrogena Collagen Bank series is not

just skincare — it’s a strategy for skin investment.

With every use, micro-peptides enrich your

skin’s “collagen account,” supporting the

rebuilding of collagen fibers for a firmer,

plumper, and more resilient complexion.

The launch event, where science met playfulness,

once again demonstrated Neutrogena’s

success in making innovation both accessible

and engaging. For those who believe in

building the future of beauty today, Neutrogena

Collagen Bank says: *“Invest in your

skin — you’re the real winner.”*


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