Union of Chambers and Commodity Exchanges of Turkey

TOBB's globalization support for fast growers

25.01.2017 / Ankara

TOBB President M. Rifat Hisarcıklıoğlu, speaking at the awards ceremony of Turkey 100 competition which determines the fastest growing companies, said, “We want to draw attention to the success of the fastest growing companies in our country and strengthen their global connections.”​

Under TOBB’s leadership, Turkey's fastest growing 100 companies were identified through TEPAV cooperation. The award ceremony was held with the attendances of Deputy Prime Minister Nurettin Canikli, hosted by TOBB President Hisarcıklıoğlu. Ares Shipyards, an Antalya company which increased its sales by 4,473% in 3 years, took the first place. Companies in the top 100 grew 12 times faster than Turkey. Most of the companies in the list are from Istanbul with the majority in wholesale trade.


Speaking at the awards ceremony, TOBB President Hisarcıklıoğlu stated that the average growth rate of the 100 fastest growing companies in Turkey in 2012-2015 is 438%, according to contest results, “This is a terrific figure, 12 times higher than the national income increase in Turkey.”


Hisarcıklıoğlu reported that when considering companies that apply for the list of the 100 fastest growing companies in Turkey, their turnover increase rates for 2012-2015 are taken into account. “The average growth rate of the 100 fastest growing companies in Turkey is 438%." This is a terrific figure, a performance 12 times higher than the increase in national income.”


Hisarcıklıoğlu reminded that the companies on the list are all innovative companies, noting that the companies do business with a very different understanding from what everyone knows.


- Michael Jordan as an example for entrepreneurs


Hisarcıklıoğlu pointed out that the competition aims to increase the number of entrepreneur role models:


“Every company wants to be a model for new entrepreneurs. The listed companies are already doing it. Only 40 out of 100 companies in the list have supported their employees to set up their own businesses. There are 192 companies that are established and still in operation.”


Stating that entrepreneurs should learn about success as well as failure stories, Hisarcıklıoğlu said, “Success is actually the reward for previous failures. Michael Jordan, one of the best basketball players ever, says ‘I missed 9,000 shots in my career. I lost almost 300 games. I did not score any points in 26 matches and my team lost because of me. If it weren’t for my failures, I would not have been able to even imagine what I could do. Anyone who thinks I will fail and gives up will not succeed.’”


- Deputy Prime Minister Nurettin Canikli


In his speech, Deputy Prime Minister Nurettin Canikli said that implementation of the loans will start next week with the guarantee of the Credit Guarantee Fund (KGF), “We are closing off all areas where the bank may say 'no'. We certainly will not allow companies to withdraw from the market due to financial difficulties.”


Speaking at the ceremony held at the TOBB Conference Hall for the companies that received awards in the Turkey 100 competition, Canikli said production was a difficult and laborious process.


Canikli stated that there are concerns about the active qualities of big banks in developed countries, and noted that there is no problem with the assets of Turkish banks.


Canikli underlined the fact that the Turkish banking system is not in any way incidental to fluctuations despite the fluctuations, “After the 2008 crisis, the American Central Bank (Fed) pumped trillions of USD into US banks, the European Central Bank (ECB) doing the same for European banks. There has been no need at all for transferring a single penny from the public in Turkey.”


- First place from Antalya


Following the speeches, Ares Shipyards was awarded the first place prize, followed by Best Modular Furniture and Es Group Maritime from Kocaeli and Dönersan Döner companies from İstanbul.


There were 39 companies from Istanbul, 8 from Kocaeli, 7 from Izmir, 5 from Adana, Ankara and Antalya, 4 from Gaziantep, 3 from Bursa and Kayseri.

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